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Overview and Scope
The nephrostomy devices market consists of sales of nephrostomy tubes, catheters, guidewires, dilators, sheaths, and drainage bags. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Sizing and Forecast
The nephrostomy devices market size has grown strongly in recent years. It will grow from $1.11 billion in 2023 to $1.20 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to increased prevalence of kidney stone disease, surge in aging population, increased reimbursement policies, increased applications in urological procedures, increase in awareness, increased prevalence of kidney-related diseases, and enhanced healthcare infrastructure.
The nephrostomy devices market size is expected to see strong growth in the next few years. It will grow to $1.68 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to increasing prevalence of kidney-related diseases, rising geriatric population, expanding healthcare infrastructure in emerging markets, growing awareness and diagnosis of urological disorders, increasing investment in research and development, and increasing awareness about nephrostomy procedures. Major trends in the forecast period include advancements in minimally invasive surgical techniques, technological innovations in medical devices, advancements in medical imaging technologies, technological innovations in nephrostomy device design, and advancements in catheter.
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Segmentation & Regional Insights
The nephrostomy devices market covered in this report is segmented –
1) By Product Type: Guidewires, Drainage Tubes, Nephrostomy Catheters, Sheath Dilators, Other Products
2) By Application: Kidney Diseases, Urological Cancer And Benign Prostatic Hyperplasia (BPH), Other Applications
3) By End-Use: Hospitals, Clinics, Ambulatory Surgical Centers (ASCs), Other End-Users
North America was the largest region in the nephrostomy devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nephrostomy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rise in the incidence of kidney transplants is expected to propel the growth of the nephrostomy device market going forward. A kidney transplant is a surgical procedure in which a healthy kidney from a donor is placed in a person with kidney failure. The increase in kidney transplants is due to the growing incidence of chronic kidney disease and kidney failure and advancements in medical technology and transplant procedures. Nephrostomy devices help in kidney transplants by providing a temporary solution to drain urine directly from the kidneys when there are complications, such as blockages in the urinary tract, ensuring proper kidney function and reducing the risk of infection or damage to the transplanted kidney during the critical post-transplant recovery period. For instance, according to the Health Resources and Services Administration (HRSA), a US-based federal agency within the U.S. Department of Health and Human Services (HHS), in 2022, the number of adult candidates added to the kidney waiting list reached a high of 44,187, surpassing the pre-pandemic peak of 42,932 in 2019. Further, the total number of adult candidates listed for a kidney transplant (including multiple listings for those registered at more than one center) increased slightly to 140,165, compared to 139,011 in 2021. Therefore, the rise in the incidence of kidney transplants is driving the nephrostomy device market.
Key Industry Players
Major companies operating in the nephrostomy devices market are Becton, Dickinson and Company, Strykar Healthcare, Boston Scientific Corporation, Olympus Corporation, Terumo Corporation, Coloplast Corp., B. Braun Medical Inc., Cook Medical, Teleflex Incorporated, Merit Medical Systems, AngioDynamics, Argon Medical Devices, Well Lead Medical Co. Ltd., Amecath, Medi-Globe GmbH, Envaste Limited, Troge Medical GmbH, Rocamed, Suru International Pvt.Ltd., UroMed, Electramed Ltd., Urovision-Urotech, Blueneem Medical Devices Pvt Ltd., Manfred Sauer UK, Surgimedik Healthcare India Pvt Ltd
The nephrostomy devices market report table of contents includes:
1. Executive Summary
2. Nephrostomy Devices Market Report Structure
3. Nephrostomy Devices Market Trends And Strategies
4. Nephrostomy Devices Market – Macro Economic Scenario
5. Nephrostomy Devices Market Size And Growth
…..
27. Nephrostomy Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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