Market OverviewGrowing cases of the kidney stone disorder, increase in the demand for Minimally Invasive Surgical (MIS) procedures, and augmented awareness about product are few factors propelling the market. According to study published in the National Center for the Biotechnology Information (NCBI), the urolithiasis affects almost 12% of world population.
In addition, almost 13% of men and around 7% of the women develop the kidney stone during their life. Nephrostomy devices support in restoring the urine flow over blocked ureters and return kidney to normal function. Growing popularity of various minimally invasive processes is further driving the market growth. Moreover, rising cases of the lifestyle-related disorders are expected to contribute to market expansion. Improving healthcare structure in the developing economies is also prompting the global market.
Segment OverviewGuidewires segment is anticipated to hold the maximum share of market during the forecast period due to non-invasive nature of product. Rising elderly population, and the prevalence of bladder and urinary disorders are anticipated to increase demand for the product, thus influencing growth of the segment.
The companies of guidewire are concentrating on collaborations with healthcare practitioners to rise their customer base and also, to strengthen their presence in industry. Henceforth, such initiatives by manufacturers and the presence of well-established and experienced practitioners in developed economies is anticipated to increase demand for guidewires. Technological progressions in devices, such as institution of balloon dilation catheter with the original multilayer technology, are further expected to offer the lucrative opportunities to market.
Regional OverviewNorth America dominated the global market in 2019. It is anticipated to witness considerable growth in the future as well owing to favourable reimbursement policies, growing awareness for the product, accessibility of highly experienced physicians, and the presence of well-established facilities in the region. Furthermore, quick adoption of the technologically advanced products is anticipated to drive market in region. Growing funding by the government for R&D actions in the surgical devices and the procedures is further positively affecting the North America market growth.
Asia Pacific is anticipated to grow at highest CAGR from 2020 to 2026 due to growing cases of the kidney disorders, government initiatives, and numerous programs by the NGOs to raise consciousness about product. Moreover, incidence of large number of the key companies in India and India is further contributing to market growth. Rapidly growing medical tourism market in emerging economies of APAC is further anticipated to boost product demand, thus augmenting market growth.
Competitor overviewThe company’s focus more on the new product development, the technological advancements, and mergers and acquisition to strengthen their position in global market. For instance, Cook Medical launched Universa, in Feb 2019, with two sets of percutaneous urinary drainage. The product includes ureteral stents and foley catheters in different conformation and sizes to meet specific references and the needs of patients and physician.
Key Players
- Teleflex, Inc.;
- Cardinal Health;
- Becton, Dickinson and Company;
- Cook Medical;
- B. Braun Melsungen AG;
- Coloplast Group;
- Olympus Corp.;
- Argon Medical;
- Uresil LLC.
- Boston Scientific
Market SegmentationBy Product
- Guidewires
- Nephrostomy Catheters
- Drainage Tubes
- Sheath Dilators
- Others
By End User
- Emergency Clinics
- Hospitals
- Ambulatory Surgical Centers (ASCs)
By Geography
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- Rest of LAMEA
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
