Nephrostomy Devices Market Research Report, 2019 to 2026

The global nephrostomy devices market size is anticipated to
reach USD 1.71 billion by 2026 registering a CAGR of 7.8%, according to a new
report by Grand View Research, Inc. Increasing awareness about nephrostomy
devices among physicians and rising cases of kidney stone disease are driving the
market. Increasing prevalence of ovarian, bladder, and prostate cancers and
improving healthcare infrastructure in the developing economies are also among
the key factors fueling the market growth.
North America is expected to register the highest
market share owing to increasing prevalence of kidney stone disorder and
ovarian, bladder, and prostate cancers. For instance, according to the American
Cancer Society, around 22,240 new cases of ovarian cancer were diagnosed in
2018 in U.S. Major companies in this market are emphasizing on new product
launches and innovations in the existing products. For instance, in February
2017, Cook Medical introduced Universa along with the two sets of percutaneous
urinary drainage.
Further
key findings from the study suggest:
- Guidewires
segment led the global nephrostomy devices market in 2018 and is
anticipated to expand further at the highest CAGR from 2019 to 2026
- The segment growth is attributed to rising cases of kidney and urine
related disorders, and preference for guidewires as they are less invasive
- The hospital segment dominated the market in 2018. Percutaneous
nephrostomy are majorly performed in the hospitals as compared to the
emergency clinics, which drives the segment growth
- ASCs segment is anticipated to register the highest CAGR as
nephrostomy devices are widely used by ASCs due to their benefits, such as
significant cost saving and personalized services
- North America leads the market due to high prevalence of target
diseases, availability of skilled surgeons, presence of well-established
healthcare sector, and quick adoption of advanced medical tools
- Key companies in the market focus on strategies, such as innovations
in the existing products, introduction of new products, and mergers and
acquisitions to strengthen their presence in the industry
Access
full research report on global Nephrostomy Devices market:
www.grandviewresearch.com/industry-analysis/nephrostomy-devices-market
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