Global Stone Removal Basket Market Size, Share & Industry Trends Analysis Report By Type, By Shape (Helical, Spherical and Paired Wire), By End User, By Number of Wires, By Tip, By Regional Outlook and Forecast, 2023 - 2029
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Get in-depth analysis of the COVID-19 impact on the Stone Removal Basket Market
Market Report Description
The Global Stone Removal Basket Market size is expected to reach $715.6 Million by 2029, rising at a market growth of 3.2% CAGR during the forecast period.
Stone removal baskets are medical gear used during urological treatments to remove stones. They are used to clear the kidney and ureter of stones and other foreign objects. After determining the exact placement of the stone, the stone removal operation is carried out. The stone can be taken out with a basket when it is discovered. A seamless capture and release of the stone(s) are ensured by newly developed siliconized basket wires, which may open and close the basket.
Nephrolithiasis is quite common, the demand for minimally invasive therapies is rising, and technological improvements contribute to this growth. Nephrolithiasis affects elderly people more often than younger people. Globally, the geriatric population is increasing, which opens up new business potential. Nephrolithiasis affects a sizable portion of the world's population.
The burden of nephrolithiasis disease is largely influenced by the rise in obesity rates, unhealthful eating patterns, and a lack of exercise. Therefore, the burden of nephrolithiasis is anticipated to rise due to the considerable population of people living unhealthy lifestyles, which would also help the market for stone removal baskets develop.
In addition, patients frequently choose minimally invasive procedures because they promote quicker wound healing. Minimally invasive procedures are widely used in hospitals. A minimally invasive procedure is the removal of kidney stones. Furthermore, many health insurance plans also cover surgery to remove kidney stones. It is anticipated that the market for stone removal baskets will be boosted by the growing demand for minimally invasive techniques and reimbursement for this kind of surgery.
COVID-19 Impact Analysis
Urologists working in nations severely impacted by the initial phase of the pandemic grappled with the urgent need to reclassify the urgency of all important diagnoses and treatments. They created modified suggestions and guidelines to address the particular difficulties brought on by the pandemic's consequences and to guarantee efficient and prompt urologic therapy. Since most elective surgeries were postponed during the COVID-19 pandemic as doctors prioritized COVID-19-infected patients, the stone removal basket has witnessed a negative impact of the pandemic outspread. However, this situation has shifted during the post-pandemic era since numerous elective surgeries have started again.
Market Growth Factors
Technical advancements in ureteroscopy technique
The procedure of ureteroscopy has undergone significant technological advancements in recent years. One of the most significant advancements that have transformed the treatment of intrarenal & proximal kidney stones is the development of flexible ureteroscopes. These scopes allow doctors to examine the urinary tract in more detail. When compared to their rigid counterparts, flexible scopes have a more manageable size and offer greater deflection capabilities. This is accompanied by improved instrumentation, including working channels, active & secondary deflection, a bigger distal tip, and narrower shaft diameters.
Rising geriatric population
Numerous health concerns that the aging population faces will affect healthcare spending trends in both developed & developing nations. To ensure that their social and health systems are prepared to capitalize on this demographic transformation, all nations face significant hurdles. 80% of the world's elderly population will reside in low- and middle-income nations by 2050. More quickly than in the past, the population is aging. People 60 years of age and older will outnumber children under five in 2020. During the forecast period, these factors are anticipated to fuel the growth of the stone removal basket market.
Market Restraining Factors
Long term side effects of lithotripsy
Shock waves are used in the procedure known as lithotripsy, which breaks up kidney stones into pieces that are small enough to pass through the urinary tract unimpeded and are expelled from the body. This is one of the most successful treatments for kidney stones and one of the most widely utilized treatments. Infections, bleeding surrounding the kidneys, stone recurrence, an increase in arterial blood pressure, and obstruction of the urinary canal due to fractured stones are some potential adverse effects of shock wave lithotripsy (SWL). The stone removal basket market is anticipated to witness slow growth due to these adverse impacts associated with lithotripsy.
Based on type, the stone removal basket market is segmented into nitinol stone retrieval basket, and stainless-steel stone retrieval basket. In 2022, the nitinol segment held the highest revenue share in the stone removal basket. In procedures to remove stones, it's crucial to move around certain locations without inflicting pain on the patient. Nitinol stone retrieval baskets can withstand a lot of pressure while being flexible. Compared to other baskets, these baskets are significantly safer and less harmful. In addition, the stone is properly broken up and extracted due to these baskets. These elements support the market's need for nitinol stone retrieval baskets.
By shape, the stone removal basket market is fragmented into spherical, paired wire, and helical. The spherical segment acquired a substantial revenue share in the stone removal market in 2022. This basket style is typically utilized during lithotripsy when the stone's size prevents it from passing through the ureter. In addition to grabbing and collecting stone fragments during lithotripsy, a spherically formed basket avoids stone migration and retropulsion. The increased number of individuals with huge stones is anticipated to increase demand for spherical-shaped stone removal baskets, supporting the segment market's expansion.
Number of Wires Outlook
On the basis of number of wires, the stone removal basket market is bifurcated into 4 wire basket, 6 wire basket, and 8 wire basket. The 6 wire basket segment garnered a significant revenue share in the stone removal basket market in 2022. This basket is employed to remove numerous tiny stone fragments in a single pass and stop the unintentional stone escape. This basket reduces waiting time when a patient has several tiny kidney stones. Additionally, the radial dilation force of this kind of wire is high. All the elements mentioned above encourage the demand for 6-wire baskets, which helps the market’s expansion.
Based on tip, the stone removal basket market is classified into tipples, and with tip. In 2022, the tipless segment registered the maximum revenue share in the stone removal basket market. The tipless stone retrieval basket aids in the painless removal of ureteral and calcium stone obstructions. With good safety and efficacy, this kind of basket removes stones during surgery while facilitating the removal of caliceal calculi during ureteroscopy. The market demand for tipless stone retrieval baskets is being boosted by these considerations.
End User Outlook
By end user, the stone removal basket market is categorized into hospitals, specialty clinics, ambulatory surgical centers and others. In 2022, the hospitals segment accounted for the largest revenue share in the stone removal basket market. The rise in patients with various urological disorders, which has led to an increase in surgical procedures, is mostly to blame for this segment's growth. In addition, due to the ease of handling any crises that may arise during surgical operations and the availability of a broad spectrum of treatment options, hospitals have a significantly greater patient inflow than other healthcare settings for urological procedures or other treatments.
|Market size value in 2022||USD 577.4 Million|
|Market size forecast in 2029||USD 715.6 Million|
|Historical Period||2019 to 2021|
|Forecast Period||2023 to 2029|
|Revenue Growth Rate||CAGR of 3.2% from 2023 to 2029|
|Number of Pages||269|
|Number of Table||520|
|Report coverage||Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling|
|Segments covered||Type, Shape, End User, Number of Wires, Tip, Region|
|Country scope||US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria|
Region wise, the stone removal basket market is analyzed across North America, Europe, Asia Pacific and LAMEA. In 2022, the North America region led the stone removal basket market by generating the highest revenue share. Technological developments and the increased demand for less invasive procedures are responsible for this region's expansion. The primary drivers promoting the regional market expansion are North America's sophisticated healthcare infrastructure, the rising prevalence of chronic kidney disease (CKD), and the region's aging population.
Free Valuable Insights: Global Stone Removal Basket Market size to reach USD 715.6 Million by 2029
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Boston Scientific Corporation, Advin Health Care, Cliniva Healthcare, Coloplast Group, Becton, Dickinson and Company, Olympus Corporation, Cook Medical, Inc. (Cook Group), Medi-Globe GmbH (Medi-Globe Group), UROMED Kurt Drews KG and MED-Fibers, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Stainless Steel
- Paired Wire
By End User
- Specialty Clinics
- Ambulatory Surgical Centers
By Number of Wires
- 4 Wire Basket
- 6 Wire Basket
- 8 Wire Basket
- With Tip
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Boston Scientific Corporation
- Advin Health Care
- Cliniva Healthcare
- Coloplast Group
- Becton, Dickinson and Company
- Olympus Corporation
- Cook Medical, Inc. (Cook Group)
- Medi-Globe GmbH (Medi-Globe Group)
- UROMED Kurt Drews KG
- MED-Fibers, Inc.
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North America Stone Removal Basket Market Report 2023-2029
Europe Stone Removal Basket Market Report 2023-2029
Asia Pacific Stone Removal Basket Market Report 2023-2029
What would be the size of this Market by 2029?
The Market size is projected to reach USD 715.6 Million by 2029.
What are the key driving factors and challenges in this Market?
Technical advancements in ureteroscopy technique are driving the Market in coming years, however, Long term side effects of lithotripsy restraints the growth of the Market.
What are the major top companies in the competitive landscape?
Boston Scientific Corporation, Advin Health Care, Cliniva Healthcare, Coloplast Group, Becton, Dickinson and Company, Olympus Corporation, Cook Medical, Inc. (Cook Group), Medi-Globe GmbH (Medi-Globe Group), UROMED Kurt Drews KG and MED-Fibers, Inc.
Which segment shows a high revenue share of this Market in 2022?
The 4 Wire Basket segment is generating highest revenue share in the Global Stone Removal Basket Market by Number of Wires in 2022 thereby, achieving a market value of $315.5 million by 2029.
Which segment is leading the Market in 2022?
The Helical segment is leading the Market by Shape in 2022 thereby, achieving a market value of $380.2 million by 2029.
Which region dominated the Market in 2022?
The North America market dominated the Market by Region in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $251.8 million by 2029.