Global Stone Retrieval Baskets Market Size To Grow At A CAGR Of 3.90% In The Forecast Period Of 2023-2028
Stone Retrieval Baskets Market Report and Forecast 2023-2028
The ‘Stone Retrieval Baskets Global Market Share, Size, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global stone retrieval baskets market, assessing the market on the basis of its segments like type, design, tip, number of wires, application, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Stone Retrieval Baskets Market Size, Share, Trends, Industry, Key Player, Report and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 3.90%
The increasing prevalence of kidney disorders, such as kidney stone, heightened by the sedentary lifestyles led by working populations and students is driving the demand for stone retrieval baskets. Inadequate intake of water, lack of balanced diet, and increasing cases of obesity are the common modern-day problems which are escalating the cases of urological and kidney disorders leading to a high hospitalisation rate. Hence, the demand for stone retrieval baskets is increasing across hospitals, specialty clinics, and other healthcare units.
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The stone retrieval baskets market is being fuelled by the rising demand for tipless stone retrieval baskets which reduce the risk of muscle damage and perforation. In addition, tipless stone retrieval baskets are resistant to kinks, exhibit good flexibility, and enable deflection during the surgical process.
Over the forecast period, the anticipated rise in the prevalence, as well as awareness about kidney disorders is further providing impetus to the market growth. Escalating cases of diseases such as renal tubular acidosis and cystinuria is likely to infuse improvements in kidney stone treatment infrastructure across the healthcare units in the forecast period. Further, the rising healthcare expenditure aimed towards improving the health infrastructure across under-developed areas are expected to fuel the global stone retrieval baskets market in the coming years.
Stone Retrieval Baskets Industry Definition and Major Segments
A stone retrieval basket is a medical instrument or equipment which is typically deployed in urological procedures to surgically grab, manipulate, or pull out stones or other foreign objects that are causing discomfort or damage to the human body. This medical product operated only by experienced healthcare personnel and sales are also generally regulated.
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Based on type, the market is bifurcated into:
• Nitinol Stone Retrieval Basket
• Stainless Steel Stone Retrieval Basket
On the basis of design, the market is segmented into:
• Paired Wire
By tip, the market is classified into:
• With Tip
Based on number of wires, the market is divided into:
• 3 Wire Basket
• 4 Wire Basket
• 6 Wire Basket
On the basis of application, market is classified into:
• Hospitals and Speciality Clinics
• Ambulatory Surgery Centres
Based on region, the market can be categorised into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Stone Retrieval Baskets Market Trends
The key trends in the global stone retrieval baskets market include the increasing government funding towards enhancing the research and development infrastructure across laboratories and healthcare centres to increase the efficiency of kidney disorder treatment by innovating stone retrieval baskets. Over the forecast period, the development of stone retrieval baskets with superior design and greater flexibility are expanding the treatment capabilities of physicians, leading to a greater growth of the stone retrieval baskets market. In addition, technical upgradations in the product, such as wire guided and rotatable features, are increasing the smoothness of operations.
The increasing inclination towards minimally invasive stone removal procedure are further escalating the development of stone retrieval baskets with non-invasive designs for better comfort of the patients. Advancements in medical technology, such as the emergence of diagnostic devices and imaging systems are crucial trends in the stone retrieval baskets market which are building trust among the patients.
In geographical terms, North America holds a significant share in the market, which is being driven by the increasing geriatric population and high healthcare expenditure across strong economies such as the United States. Heavy presence of medical manufacturing giants in the region is further providing impetus to the market.
Key Market Players
The major players in the stone retrieval baskets market report are:
• Olympus Corporation
• Boston Scientific Corporation
• Becton Dickinson and Company
• Medi-Globe GmbH
• Cook Group Incorporated
• Coloplast A/S
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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