Stone Removal Basket Market Report
RA09064
Stone Removal Basket Market by Type (Stainless Steel Stone Retrieval Basket and Nitinol Stone Retrieval Basket), Shape (Spherical, Helical, and Paired Wire), Number of Wires (4 Wire Basket, 6 Wire Basket, and 8 Wire Basket), Tip (Tipless and With Tip), End User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics, and Others), and Region (North America, Europe, Asia-Pacific, and LAMEA): Opportunity Analysis and Industry Forecast, 2023-2032
Stone Removal Basket Overview
Stone removal basket is designed to remove small fragments of stone in one pass and to prevent inadvertent stone escape. This type of basket saves time when the patient has multiple small stones in the kidney. Stone removal baskets typically consist of a long, flexible shaft with a basket-like structure at the distal end and is composed of interconnected wires or filaments that form a cage-like structure capable of capturing and securely holding stones during the retrieval process. Stone removal baskets come in various sizes to accommodate different stone sizes and anatomical variations in the urinary tract.
Global Stone Removal Basket Market Analysis
The global stone removal basket market size was $xx million in 2022 and is predicted to grow at a CAGR of xx%, by generating a revenue of $xx million by 2032.
COVID-19 Impact on Stone Removal Basket Market
During the pandemic, many healthcare systems faced significant challenges due to the overwhelming number of COVID-19 cases. As a result, elective procedures, including stone removal surgeries, were postponed or cancelled to prioritize resources for COVID-19 patients. This led to a decline in the number of procedures performed and a temporary reduction in demand for stone removal baskets.
On the positive side, the COVID-19 pandemic prompted a greater emphasis on minimally invasive procedures due to their associated benefits, such as shorter hospital stays and reduced risk of infection. Stone removal baskets play a crucial role in these procedures, as they enable the removal of stones through minimally invasive techniques. The pandemic accelerated the adoption of telemedicine and remote monitoring solutions. These technologies allowed healthcare providers to remotely assess patients, provide consultations, and monitor post-operative recovery.
Growing Prevalence of Urinary Stone Diseases to Drive the Market Growth
Urinary stone diseases, such as kidney stones are rising globally. As the number of patients with urinary stone diseases continue to increase, the demand for stone removal procedures rises, thus, increasing the need for stone removal baskets. Technological advancements in stone removal techniques have improved the efficiency and effectiveness of procedures. Innovations in endoscopic equipment, imaging techniques, and surgical tools have led to more precise and minimally invasive stone removal procedures. Stone removal baskets, designed with improved flexibility, manoeuvrability, and capturing capabilities, are essential tools in these advanced techniques. Increasing healthcare expenditure, particularly in emerging economies, contributes to the growth of the stone removal basket market. As economies develop and healthcare infrastructure improves, there is an increased investment in healthcare facilities, medical equipment, and procedures.
Expensive Nature of Stone Removal Baskets to Restrain the Market Growth
Stone removal procedures, including the use of stone removal baskets, can be costly. The expenses associated with equipment, medical devices, hospital stays, and professional fees may pose a financial burden on patients. This can limit the accessibility of stone removal procedures and impact the demand for stone removal baskets. While stone removal baskets are a commonly used tool for stone removal, alternative treatment options such as extracorporeal shock wave lithotripsy (ESWL) and laser lithotripsy are available. Depending on the characteristics of the stone and the patient's condition, healthcare providers may choose these alternative treatments over basket-based procedures. This can limit the demand for stone removal baskets. Stone removal procedures, although minimally invasive, are not without risks. Complications such as bleeding, injury to surrounding tissues, and infection can occur. The potential risks and complications associated with stone removal procedures may deter some patients from opting for these procedures, affecting the demand for stone removal baskets.
Advancements in Designing of Baskets to Drive Excellent Opportunities
Future opportunities lie in the development of more efficient and precise stone removal baskets. This includes improvements in basket design, enhanced manoeuvrability, better stone capture capabilities, and the integration of advanced imaging and navigation systems. Advancement in technology results in better outcomes, decreased procedure time, and increased patient satisfaction. The prevalence of urinary stone diseases is expected to rise due to factors such as dietary changes, sedentary lifestyles, and increasing obesity rates. This trend presents an opportunity for the stone removal basket market to grow as the demand for stone removal procedures increases. Collaboration between stone removal basket manufacturers and healthcare providers can lead to mutually beneficial outcomes.
Stone Removal Basket Market Share, by Type, 2022
The stainless steel stone retrieval basket sub-segment accounted for the highest market share in 2022. Stainless steel stone retrieval baskets are generally more cost-effective compared to nitinol baskets. Stainless steel is a commonly used material in medical devices, and its production costs are relatively lower than nitinol, which is a nickel-titanium alloy. The lower cost of stainless-steel baskets makes them more accessible and affordable for healthcare providers and facilities, contributing to their higher market share. Manufacturers offer a wide range of stainless-steel basket sizes, configurations, and designs to cater to different stone sizes and anatomical variations. The availability of a diverse product range ensures that healthcare providers can find suitable stainless-steel baskets for their specific procedural requirements. Stainless steel baskets are known for their durability and sturdiness. They are less prone to deformation or breakage during stone retrieval procedures, ensuring a longer lifespan compared to nitinol baskets. The ability to withstand repeated use without compromising functionality makes stainless steel baskets a reliable choice for healthcare professionals, leading to their higher market share.
Stone Removal Basket Market Share, by Shape, 2022
The helical sub-segment accounted for the highest market share in 2022. The helical design of stone removal basket allows for easier navigation through tortuous anatomical structures, such as the ureter, and facilitates precise placement around stones. Helical-shaped baskets are known for their superior stone capturing efficiency. The spiral or helix-like design with interwoven wires provides multiple points of contact with the stone, enhancing the chances of successful stone retrieval. The helical shape allows for better grip and reduces the risk of stone slippage during the retrieval process. The effectiveness and clinical success of helical-shaped baskets have contributed to their higher market share. Their ability to efficiently remove stones and achieve positive patient outcomes has gained recognition among healthcare professionals.
Stone Removal Basket Market Share, by Number of Wires, 2022
The 4 wire basket sub-segment of the stone removal basket market accounted for the most dominant market share in 2022. 4 wire baskets typically have a more flexible construction compared to 6 wire baskets and 8 wire baskets. The reduced number of wires allows for greater flexibility, making it easier to navigate through tortuous anatomical structures, such as the ureter. With fewer wires, 4 wire baskets offer improved visibility during stone removal procedures. The reduced wire density allows for better visualization of the stone and surrounding tissues, aiding in accurate positioning and targeted stone retrieval. 4 wire baskets are generally easier to clean and maintain. The simpler construction of 4 wire baskets often translates into a more cost-effective option compared to baskets with a higher wire count. This advantage enhances the efficiency and usability of 4 wire baskets in clinical settings.
Stone Removal Basket Market Share, by Tip, 2022
The tipless sub-segment registered the maximum revenue share within the stone removal basket market in 2022. The tipless stone retrieval basket helps in the effortless removal of ureteral and calcium stone obstructions. With great safety and efficacy, tipless stone retrieval basket removes stones during surgery whereas facilitating the removal of caliceal calculi amid ureteroscopy. The growing demand for the tipless stone recovery baskets is being boosted by these considerations.
Stone Removal Basket Market Share, by End User, 2022
The hospitals sub-segment category had the highest revenue share in the stone removal basket market in 2022. The increase in patients with various urological problems, which has led to an increase in surgical treatments, is expected to be the primary reason behind the expansion of this market. In addition, hospitals have a substantially higher patient inflow than alternative healthcare settings for urological procedures or other treatments due to the simplicity of treating any emergencies that may develop during surgical operations. Moreover, the availability of a broad spectrum of treatment choices in hospitals has led to an increase in the market share of this sub-segment.
Stone Removal Basket Market Share, by Region, 2022
The largest market for stone removal basket is in the North America region, which supplies a sizeable portion of the world's demand. North America has a well-developed healthcare infrastructure with advanced medical facilities, including urological departments and surgical centres. This highly advanced infrastructure empowers the adoption of progressed medical innovations, including stone removal baskets. The availability of skilled healthcare experts and state-of-the-art facilities contribute to the higher market share within the region. Urinary stone diseases, such as kidney stones, are predominant in North America. Different components, including diet, lifestyle, and genetics, contribute to the high incidence of urinary stone infections within the region. Subsequently, there's a more prominent demand for stone removal procedures, driving the need for stone removal baskets.
Competitive Scenario in the Global Stone Removal Basket Market
There are several major players functioning in the highly competitive global stone removal basket market. To acquire a competitive edge, businesses in the stone removal basket market are concentrating on product innovation. This includes investing in research and development to enhance the design, functionality, and performance of their baskets.
Some of the leading global stone removal basket market players are Olympus America, Advin Health Care, Boston Scientific Corporation, UROMED KURT DREWS KG, Medi-Globe GmbH, Cliniva Healthcare, MED-Fibers, Inc., Coloplast Corp, Dornier MedTech., BD.
Aspect | Particulars |
Historical Market Estimations | 2021 |
Base Year for Market Estimation | 2022 |
Forecast Timeline for Market Projection | 2023-2032 |
Geographical Scope | North America, Europe, Asia-Pacific, and LAMEA |
Segmentation by Type |
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Segmentation by Shape |
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Segmentation by Number of Wires |
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Segmentation by Tip |
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Segmentation by End User |
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Key Companies Profiled |
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Q1. What is the size of the stone removal basket market?
A. The size of the stone removal basket market was over $xx billion in xx and is expected to expand at a compound annual growth rate (CAGR) of xx from xx to xx.
Q2. Which are the major companies in the stone removal basket market?
A. Olympus America and Advin Health Care are some of the key players in the global stone removal basket market.
Q3. Which region, among others, possesses greater investment opportunities in the near future?
A. North America region possesses great investment opportunities for investors to witness the most promising growth in the future.
Q4. What will be the growth rate of the Asia-Pacific stone removal basket market?
A. Asia-Pacific stone removal basket market is growing at a CAGR of xx% over the next x years.
Q5. What are the strategies opted by the leading players in this market?
A. Product development & innovation and collaborations & partnerships are the two key strategies opted by the operating companies in this market.
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