Kidney disease affects a large amount of global popualtion and has increased in the recent decades. It occurs when your kidneys become damaged and can’t perform their function. Damage may be caused by diabetes, high blood pressure, and various other chronic (long-term) conditions. Kidney disease can lead to other health problems, including weak bones, nerve damage, and malnutrition. Moreover, geriatric population is more prone to kidney disorders. As the geriatric population is growing, the prevalence kidney disorders are also expected to increase.

However, reimbursement issues have been dissuading many manufacturers from entering the market. Also, lack of awareness regarding the presence of such renal disorders treatment in developing and under-developed countries is hindering the market growth.

Key Market Trends

Renal Kidney Stone Disease is Expected to Register a High CAGR

A kidney stone is a hard, crystalline mineral material formed within the kidney or urinary tract. Kidney stones are a common cause of blood in the urine (hematuria) and often severe pain in the abdomen, flank, or groin. Moreover, as the kidney stones prevalence incidence with age, as per Justin B. Ziemba et al, published in Investigative and Clinical Urology, 2017. The study has reported that the prevalence in 20 to 29-year-old adults is 3.1% for both men and women, which then increases and peaks in 60 to 69-year-old adults at 19.1% in men and 9.4% in women.

A United Nations report, World Population Ageing, published in 2017 states that the global population is aging, especially in developed countries. Hence, as the geriatric population increase, the incidence of kidney stones is also expected to increase. This increases the overall demand for medical devices for kidney stones removal procedures, which will help the market to grow.

North America is Expected to Dominate the Market

The North American countries of the United States (US) and Canada have a developed and well-structured health care system. These systems also encourage research and development. These policies encourage global players to enter the US and Canada. As a result, these countries enjoy the presence of many global market players. As high and increasing demand is met by the presence of global players in the region, the market is further expected to increase.

Competitive Landscape

Majority of the renal medical devices and services are being manufactured by the global key players. Market leaders with more funds for research and better distribution system have established their position in the market. Moreover, Asia-pacific is witnessing an emergence of some small players due to the rise of awareness. This has also helped the market grow.

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