Stone Retrieval Baskets Market Size, Share & Industry Analysis, By Type (Nitinol Stone Retrieval Basket, Stainless Steel Stone Retrieval Basket), By Design (Spherical, Paired Wire, Helical, Others), By Tip (Tipples, With Tip), By Number of wires (3 Wire Basket, 4 Wire Basket, 6 Wire Basket), By End-User (Hospitals, Specialty Clinics, Ambulatory Surgery Centres, Others) and Regional Forecast, 2024-2032

Kidney stone disease is a urological disorder of human health and according to the article published in the National Center for Biotechnology (NCBI) in 2018, kidney stones affect around 12% of the world population. Kidney stones have been associated with the rise in the risk of kidney disease, diabetes, hypertension, end-stage renal failure, and hypertension. The rapid increase in the prevalence of kidney disease globally and the rise in demand for minimally invasive devices during kidney stone removal surgery are anticipated to expand the stone retrieval baskets market during the forecast period. According to the Center of Disease and Control Prevention (CDC), around 4.9 million U.S. adults are diagnosed with kidney stones, which in turn is anticipated to enhance the demand for kidney stone retrieval baskets during the forecast period. Moreover, the growing adoption of ureteroscopy procedures and an increase in the number of stone removal surgeries are likely to boost the stone retrieval baskets industry growth during the forecast period. Combined with these factors, the growing product launches by many key players and rising technological progress in improving the quality of the stone retrieval baskets are anticipated to expand the stone retrieval baskets market growth at a significant rate in the forthcoming years.

Key Market Driver -

Increasing prevalence of kidney stone disease and technological advancements in stone retrieval baskets

Key Market Restraint -

Lack of killed surgeons in low-middle income nations

The global stone retrieval basket market growth is majorly driven by the rise in kidney stone diseases globally and an increase in the number of kidney stone removal surgeries. Moreover, the rising demand for minimally invasive and cost-effective devices for the removal of stones is anticipated to fuel the demand for the stone retrieval basket market during the forecast period.  Technological advancements in ureteroscopy have led to the development of stone baskets of different sizes, wire material which has aided in the reduction of trauma to the ureter while dealing with difficult anatomy, augmenting the stone retrieval basket market growth.

Additionally, growing initiatives by the government in providing funds for research activities and an increase in the collaborations among key players to introduce effective stone removal baskets are expected to boost the market during the forecast period.

However, lack of skilled surgeons in low-middle income countries and limited awareness about the end-stage devices for the treatment, kidney stones are stone retrieval basket market growth during the forecast period.

Key Players Covered:

Some of the major companies that are present in the global stone retrieval baskets market are Olympus America, MED-Fibers, INC., Boston Scientific Corporation, UROMED, Cook, BD, Advin Urology, Laborie, Inc., Medi-Globe GmbH, Coloplast Corp, Stryker, among others.

Among different types of stone retrieval baskets, the nitinol stone retrieval basket is anticipated to hold the largest portion of the market during the forecast period. The nitinol stone retrieval basket offers a higher advantage in stone retrieval in comparison to the stainless steel as they are highly versatile during ureteroscopy procedure and aids in enhancing the durability of baskets. The introduction of tipless nitinol stone retrieval basket has increased the efficacy and safety profile of stone baskets during the extraction of stones. Moreover, the growing adoption of nitinol stone retrieval basket among physicians and an increase in the product launces by various key players are likely to boost the growth of this segment during the forecast period.

Key Insights

• Prevalence of Kidney Stone Disease- By Key Countries/Regions


• Technological Advancement in Stone Retrieval Basket


• The Regulatory Scenario of Key Countries/Regions


• Recent Key Industry Developments – Mergers, Acquisitions, and Partnerships.

Regional Analysis:

Geographically, the global stone retrieval basket market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to hold a dominating share of the global stone retrieval basket market, majorly due to the rise in the prevalence of kidney stone disease. Combined to this, growing investments in research and development activities by many key players for the launch of innovative stone extraction basket and rising adoption of stone extraction basket. In Europe, rising awareness about the presence of innovative stone retrieval baskets in the market and favorable reimbursement policies are likely to propel the stone retrieval basket market growth during the forecast period.  

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Stone retrieval basket market is likely to expand in the Asia Pacific region at a significant rate owing to the growing patient population, rise in the investments by government-funded organizations in improving the healthcare infrastructure in order to enhance the quality care of patients. Growing adoption of sedentary lifestyle and change in dietary habits hassled to increase the prevalence of kidney stone disease in the Asia Pacific region. This, in turn, is likely to boost the demand for stone retrieval basket in this region during the forecast period. In Latin America and the Middle East & Africa, the growing demand for cost-effective options for kidney stone treatments is likely to fuel the global market growth during the forecast period.

Segmentation

Stone Retrieval Baskets Industry Developments

• In September 2018, Boston Scientific Corporation launched the LithoVue Empower retrieval Device, which is designed to be used with the LithoVue Single-Use Digital Flexible Ureteroscope and is compatible nitinol retrieval basket


• In November 2016, Boston Scientific Corporation launched Dakota nitinol retrieval device designed for kidney stone retrieval in the U.S. and Europe.


•  In November 2014, Cook expanded its percutaneous stone extractor line with the introduction of Ncage and PER NCOMPASS nitinol extractor.