Nephrostomy Devices Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4325
Nephrostomy Devices Market size is expected to grow significantly from 2019 to 2025.
Increasing prevalence of acute kidney failure will positively influence the nephrostomy devices market throughout the forecast timeframe. Acute kidney failure results in sudden loss of ability to eliminate excess fluids and salts. Every year millions of people in developing as well as developed economies suffer from acute kidney failure that fosters the demand for nephrostomy devices. Moreover, recently developed nephrostomy devices are highly efficient and have proven to be highly effective in treating kidney disorders that should escalate the industry growth.
Positive regulatory scenario for nephrostomy devices is expected to elevate the industry growth in the forthcoming years. Regulatory authorities such Eu Commission and the U.S. FDA have framed several regulations that help the companies to manufacture superior quality products. Regulations enable in maintaining the quality of nephrostomy devices by minimizing the defects and post-marketing adverse events. Thus, favorable regulatory scenario will stimulate demand for nephrostomy devices thereby, augmenting the industry growth. However, complications associated with the nephrostomy devices may hamper industry growth to some extent.
Drainage tubes segment is predicted to foresee tremendous growth in the analysis timeframe. Currently available drainage tubes manufactured by companies such as Cardinal Health and others have undertaken special efforts to develop superior quality drainage tubes. Leur lock system provided in these drainage bags helps in preventing damage from needle stick injury. Moreover, tube management and sheet clips provides commendable control and improves flow dynamics that improves procedural success rates and elevates the segmental growth.
Hospitals segment will grow significantly in the upcoming years. Hospitals in developed as well as developing economies are well-equipped with advanced medical equipment and devices. Furthermore, government of emerging economies also fund hospitals in rural areas to ensure optimum availability of medical resources. Above mentioned factors should boost the segmental growth in the coming years.
North America nephrostomy devices market will experience significant growth during the forecast years. Favorable demographic trends such as increasing ageing population will positively impact the industry growth. Elderly population is often susceptible to acute kidney failure that surges the demand for nephrostomy procedures. Moreover, key industry players operational in nephrostomy devices industry having strong foot hold in North America introduce innovative nephrostomy devices that proves beneficial for the regional growth.
Industry players operational in nephrostomy devices market include Boston Scientific Corp, Teleflex, Cardinal Health, Becton Dickinson, Cook Medical, B. Braun Melsungen AG, Coloplast Group, Olympus Corp, Argon Medical and Uresil amongst the others. These companies undertake strategic initiatives such as merge, acquisitions and product launches to maintain their market position. For instance, Cardinal Health launched Dover Drainage bags that promotes optimal flow within the collection system. Moreover, the leur lock port provided in these drainage bags help in preventing needle stick injury. Thus, introduction of new products will foster company’s growth.
Nephrostomy Devices Market By Product Type, 2014-2025 (USD Million)
- Drainage tubes
- Nephrostomy catheters
- Sheath dilators
Nephrostomy Devices Market By End-users, 2014-2025 (USD Million)
- Emergency Clinics
- Ambulatory surgical centers (ASCs)
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Boston Scientific Corp
- Teleflex, Inc.
- Cardinal Health
- Becton Dickinson
- Cook Medical
- B. Braun Melsungen AG
- Coloplast Group
- Olympus Corp
- Argon Medical
- Uresil LLC
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