Global Nephrostomy Devices Market 2019-2023
About this market
The rising incidence of kidney stone disease will drive the nephrostomy devices market in the forthcoming years. Kidney stones are allied with an increased risk of chronic kidney disease, end-stage renal failure, diabetes, hypertension, and cardiovascular diseases. These kidney stones also affect the kidney function, in turn, obstructing ureter while blocking the urine flow. As a result, nephrostomy devices are increasingly being deployed to restore the kidney function by temporary draining off the blocked urine, in turn, booting the nephrostomy devices market growth. Technavio’s analysts have predicted that the nephrostomy devices market will register a CAGR of nearly 6% by 2023.
Increasing incidence of kidney stone disease
One of the growth drivers of the global nephrostomy devices market is the increasing incidence of kidney stone disease. The kidney stone diseases affect the kidney function, thereby nephrostomy devices are used to restore the kidney function by temporary draining off the blocked urine.
Lack of skilled urologist
One of the challenges in the growth of the global nephrostomy devices market is the lack of skilled urologist. The lack of skilled urologists increases the probability of improper treatment, causing harm to patients with catheter-associated infections and non-infectious catheter-related complications such as pain and hemorrhage which is expected to hinder the market growth.
For the detailed list of factors that will drive and challenge the growth of the nephrostomy devices market during 2019-2023, view our report.
The market appears to be moderately fragmented with the presence of several market players. Manufacturers are constantly focusing on improving their products and technologies to stay competitive in the market. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Technavio Announces the Publication of its Research Report – Global Nephrostomy Devices Market 2019-2023
Technavio recognizes the following companies as the key players in the global nephrostomy devices market: B. Braun Melsungen AG, BD, Boston Scientific Corporation, Coloplast Group, Cook, and Olympus Corporation.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the growing awareness about nephrostomy devices.”
According to the report, one of the major drivers for this market is the growing popularity of percutaneous nephrostomy (PCN) procedures.
Further, the report states that one of the major factors hindering the growth of this market is the complications associated with nephrostomy devices.
B. Braun Melsungen AG
Boston Scientific Corporation
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