Nephrostomy Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Global Nephrostomy Devices Market: Snapshot
Increase in the prevalence of various urologic diseases across the world coupled with rise in the number of percutaneous nephrostomy procedures are anticipated to fuel the demand in the global nephrostomy devices market in coming years. Rising instances of urologic disorders including but not limited to urinary retention, bladder obstruction, prostate cancer, bladder cancer, kidney stones, and hydro nephrosis are driving the majority of demand in the global nephrostomy devices market.
According to a study by the National Center of Biotechnology Information or NCBI, almost 12 % of the global population is affected by the kidney stones yearly. Furthermore, they disclose that approximately 1 in 11 individuals living in the United States are affected by the incidence of kidney stones every year. This trend is anticipated to propel the demand for enhanced and easy to use devices in the global nephrostomy devices market in coming years.
Additionally, rising awareness regarding the availability of various procedures as well as rise in the popularity of percutaneous nephrostomy around the world is also expected to favor the growth trajectory of the global nephrostomy devices market in coming years. Some of the benefits offered by the percutaneous nephrostomy using the products in the global nephrostomy devices market are minimal loss of blood, reduction in the duration of hospitalization, smaller size of incisions, and faster recovery. Rising preference of medical practitioners as well as patients for percutaneous nephrostomy as compared to the traditional procedures or open surgeries is also expected to motivate the sales in the global nephrostomy devices market over the next few years. Furthermore, rapid adoption of technologically advanced devices offered by players in the global nephrostomy devices market in developed economies is also anticipated to bolster the development of the industry in the coming years.
Global Nephrostomy Devices Market: Overview
The global nephrostomy devices market has witnessed a steady growth over the years, owing to the convenience it provides to the patients suffering from hydronephrosis. Nephrostomy devices are an effective option for the drainage of a blocked urine collecting system. These devices are also extensively used in hydronephrosis condition, which is characterized by blockage of the ureters. Nephrostomy devices are often called as nephrostomy catheters, which is usually inserted to temporarily divert urine from the obstructed site. Moreover, nephrostomy is highly effective in cases where antibiotics do not work efficiently, due to its inability in reaching kidney because of the blockage. All such advantages are majorly driving the global nephrostomy devices market.
In terms of products, the global nephrostomy devices market is segmented into drainage bags, guidewires, nephrostomy catheters, and balloon dilators. Among them, guidewires segment accounts for the highest share in the global nephrostomy devices market due to its amazing flexibility and other amazing properties such as excellent pushability and kink resistance. The research report by TMR Research (TMR) helps key stakeholders to identify several growth opportunities in the global nephrostomy devices market.
Global Nephrostomy Devices Market: Notable Developments
A few recent developments help in contouring the shape of the global nephrostomy devices market in a positive way:
Some of the most prominent competitors operating in the competitive landscape of global nephrostomy devices market include –
Global Nephrostomy Devices Market: Key Growth Drivers
Percutaneous nephrostomy or PCN is mainly an image-guided minimally invasive surgical procedure, which is performed to treat the upper urinary tract blockage. In such procedures, nephrostomy devices are highly required to bring efficiency and accuracy. Along with this, rising popularity of PCN procedures among hydronephrosis patients are the major factor fueling demand in the global nephrostomy devices market. However, PCN procedures also provide several benefits such as minimal blood loss, less treatment cost, and prevents urine leakages. Additionally, PCN procedure is also highly preferred over conventional open surgeries due to the advantages in faster recovery, smaller incisions, and minimization of hospital stay. All such USPs are also contributing demand in the global nephrostomy devices market.
Furthermore, growing incidence of kidney stone worldwide and rising prevalence of bladder cancer are also propelling expansion in the global nephrostomy devices market. Along with this, burgeoning male population suffering from prostate cancer and increasing cases of post-surgery infection among kidney transplant patients are also the major factors providing impetus to the growth of the global nephrostomy devices market. Nephrostomy devices are majorly used for restoring the kidney function through temporarily draining off the obstructed urine. Such factors are also boosting the global nephrostomy devices market.
Global Nephrostomy Devices Market: Regional Outlook
On the regional front, North America is expected to lead the global nephrostomy devices market as the region has seen rapid development in the healthcare sector. Additionally, high availability of skilled professionals and well-equipped healthcare infrastructure are also fueling growth in the nephrostomy devices market in this region.
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