Ureteroscopes Market – Global Industry Insights, Trends, Outlook
Ureteroscope is a device, which is used for examining upper urinary tract and the technique is called ureteroscopy. Ureteroscope works similar to a cytoscope, however, it is longer and thinner than cytoscope, and is passed through the urethra to the bladder and then into the ureter (the tubes, which carry urine from kidneys to bladder). Ureteroscope has illuminating light and lens for capturing images of urinary tract organs for presence of tumors and calculi. This device helps to find the position of stone in ureter and is also used for the removal of kidney stone. Ureteroscopy is less harmful and less time consuming procedure to remove kidney stone and shows high accuracy and less complications than conventional methods such as percutaneous nephrolithotripsy (PCNL) and extracorporeal shock wave lithotripsy (ESWL).
Ureteroscopes Market Drivers
Increasing approvals and launches of new ureteroscopes devices is expected to be a major factor for growth of the global ureteroscopes market. For instance, in 2016, Boston Scientific Corporation launched its new LithoVue single-use digital flexible ureteroscope in the U.S. and Europe market. LithoVue is used in minimally invasive diagnosis and treatment of kidney stones and other conditions of the kidney, ureter, and bladder.
Furthermore, increasing prevalence of kidney stone is expected to increase demand for ureteroscopes and fuel the market growth. For instance, according to the data published by National Kidney Foundation in 2016, globally, over half a billion people suffer from kidney stone annually. According to data published by National Institute of Health, in 2016, globally, total prevalence of chronic kidney disease is around 14.0% of the general population.
Moreover, prevalence of kidney stones also increases with increasing age. According to the data published in National Center for Biotechnology Information, in 2017, in Mainland China the prevalence of kidney stone was 5.96% in the people aged between 30-39 years, while the prevalence was around 9.68% in people above 60 years of age. Hence, rise in geriatric population is also expected to increase incidence of kidney stone, which in turn is expected to increase demand for ureteroscopes and fuel market growth in the near future. For instance, according to the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) 2016, around 547 million people were aged above 60 years in Asia Pacific and the number is projected to reach around 1.3 billion by 2050.
Request A Sample Copy Including Research Framework:
Ureteroscopes Market Regional Analysis
North America is expected to hold the dominant position in global ureteroscopes market, due to presence of key players in the region and high success rates of ureteroscopy. For instance, according to data published by Department of Urology, New York Medical College, in 2016, after a single procedure, around 37% of patients who had undergone flexible ureteroscopy were stone free as compare to only 21% of the patients who were treated with Extracorporeal Shock Wave Lithotripsy (ESWL). Moreover, Boston Scientific Corporation and Stryker Corporation are the two U.S.-based major players in this market. Furthermore, increasing prevalence of kidney stone in the U.S. is also expected to increase demand for ureteroscopes, which is turn is driving the market growth in North America. For instance, according to data published in National Center for Biotechnology Information, in 2014, according to survey done by National Health and Nutrition Examination in 2012, around 10.6% of men and 7.1% of women in the U.S. are affected from renal stone disease and there is a rapid increase in prevalence of urinary tract stone disease. Asia Pacific is expected to exhibit significant growth in the global ureteroscopes market, owing to increasing incidence of kidney stone disease in population in India and China. For instance, according to data published in National Center for Biotechnology Information in 2017, the prevalence of kidney stone in Mainland China was estimated to be around 10.34% in males and 6.62% in females.
Ureteroscopes Market Restraint
High cost of ureteroscopy procedure is expected to be a major restrain for growth of the global ureteroscopes market. The average cost of ureteroscopy in the U.S. can go up to around US$ 3,000. Such high cost procedures are not easily affordable by everyone and hence it restrain the market growth.
Ureteroscopes Market Key Players
Key players operating in ureteroscopes market include Boston Scientific Corporation, Olympus Corporation, Stryker Corporation, KARL STORZ SE & Co. KG, Richard Wolf GmbH, PENTAX Medical, Elmed Electronics & Medical Industry & Trade Inc., AED.MD, SCHÖLLY FIBEROPTIC GMBH, OPCOM Inc., Prosurg, Inc., SOPRO-COMEG GmbH, and others.
You may be interested
New Study Links Plastic Degradation to Emission of Greenhouse GasesMohit Joshi - December 12, 2018
Researchers from University of Hawaii at Manoa revealed that degradation of plastic leads to emission of several greenhouse gases. Plastic is a widely used material, owing to…
Hearing Aid Market Segmented by Type, Market Demand Industry Growth, Trends and Forecasts 2018 to 2023Albert R - December 11, 2018
Worldwide Market Reports recently released "Hearing Aid Market Report 2017 to 2023". Most recent market Value and Sales Price in the Hearing Aid Market report classifies the…
Hair drier 2018 – 2023 Future Demand Analysis, Industry sizes, competition, Market overviewsAlbert R - December 11, 2018
Worldwide Market Reports recently released "Hair drier Market Report 2017 to 2023". Most recent market Value and Sales Price in the Hair drier Market report classifies the…