URETEROSCOPES MARKET ANALYSIS

Market Challenges And Opportunities

Ureteroscopes Market Drivers

Increasing approvals and launches of new ureteroscopes devices is expected to be a major factor for growth of the global ureteroscopes market. For instance, in 2016, Boston Scientific Corporation launched its new LithoVue single-use digital flexible ureteroscope in the U.S. and Europe market. LithoVue is used in minimally invasive diagnosis and treatment of kidney stones and other conditions of the kidney, ureter, and bladder.

Furthermore, increasing prevalence of kidney stone is expected to increase demand for ureteroscopes and fuel the market growth. For instance, according to the data published by National Kidney Foundation in 2016, globally, over half a billion people suffer from kidney stone annually. According to data published by National Institute of Health, in 2016, globally, total prevalence of chronic kidney disease is around 14.0% of the general population.

Moreover, prevalence of kidney stones also increases with increasing age. According to the data published in National Center for Biotechnology Information, in 2017, in Mainland China the prevalence of kidney stone was 5.96% in the people aged between 30-39 years, while the prevalence was around 9.68% in people above 60 years of age. Hence, rise in geriatric population is also expected to increase incidence of kidney stone, which in turn is expected to increase demand for ureteroscopes and fuel market growth in the near future. For instance, according to the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) 2016, around 547 million people were aged above 60 years in Asia Pacific and the number is projected to reach around 1.3 billion by 2050.

Ureteroscopes Market Restraint

High cost of ureteroscopy procedure is expected to be a major restrain for growth of the global ureteroscopes market. The average cost of ureteroscopy in the U.S. can go up to around US$ 3,000. Such high cost procedures are not easily affordable by everyone and hence it restrain the market growth.