ASIA-PACIFIC KIDNEY STONE RETRIEVAL DEVICES MARKET FORECAST 2023-2032

The Asia-Pacific kidney stone retrieval devices market growth evaluation covers the assessment of China, Japan, India, South Korea, Australia & New Zealand, and Rest of Asia-Pacific. The kidney stone retrieval devices market in China has undergone remarkable growth attributed to the high prevalence and recurrent nature of nephrolithiasis. According to research studies, renal calculi affect approximately one in 17 adults in China, culminating in an overall prevalence rate of 5.8%. This condition imposes a significant healthcare and socioeconomic burden, prompting escalated research interest in interventions and preventive strategies for managing kidney stones.

The World Health Organization (WHO) data in 2020 revealed that kidney disease was responsible for 2.00% of total deaths in China, stressing the urgent need for efficacious treatment options. Furthermore, the age-specific prevalence of kidney stones accentuates the requirement for cutting-edge retrieval devices, intensifying the demand for their development.

On the other hand, the kidney stone retrieval devices market in Japan has observed significant expansion owing to the escalating incidence of kidney stones over the past few decades. As per research studies, a notable 15% of the Japanese population may encounter kidney stones, with a recurring rate as high as 50%. The recent data from the World Health Organization (WHO) in 2020 reports that kidney disease accounted for 44,779 deaths in Japan, comprising 4.05% of the total mortality. These elements collectively contribute to the surging prevalence of kidney stones, consequently spurring the demand for effective retrieval devices aimed at addressing this pressing health concern. Therefore, these factors are expected to propel the kidney stone retrieval devices market growth in the Asia-Pacific during the forecast period. 

The Asia-Pacific kidney stone retrieval devices market is segmented into product type, treatment, and end-user. The end-user segment includes hospitals, ambulatory surgery centers, and specialty clinics.

Hospitals serve as the foundation of healthcare, offering comprehensive treatment for kidney stones. These medical facilities present several advantages, encompassing integrated healthcare services, access to cutting-edge technological infrastructure, and the capability to execute intricate procedures seamlessly. Moreover, the presence of favorable reimbursement policies plays a pivotal role in propelling the rising trajectory of kidney stone treatment procedures conducted in hospitals.

Some of the key enterprises operating in the Asia-Pacific kidney stone retrieval devices market are Olympus Corporation, Stryker Corp, etc.

Olympus Corporation, headquartered in Japan, manufactures precise machinery and instruments for optics as well as digital technology. The company manufactures, develops, and commercializes devices and equipment for healthcare, medical, imaging, information, and other industrial markets. It also offers medical systems such as endoscopes and endoscopy products as well as endotherapy, scientific solutions like laser scanning microscopes, biological and industrial microscope systems, non-destructive testing systems, and remote visual inspection products.