VANCOUVER, BC, Oct. 30, 2014 (GLOBE NEWSWIRE) -- via PRWEB - According to a new report by iData Research (http://www.idataresearch.com), the leading global authority in medical device market research, the European stone treatment device market is expected to grow to over $131 million by 2020 . The total market for stone management devices includes ESWL capital equipment, holmium laser fibers, stone fragment retrieval devices and ureteral stents. Growth will be fueled by the increase of stone management procedures performed due to the rise of incidences of urinary and kidney stones in Europe.
Stone management procedures account for nearly 60% of all urological procedures performed in Europe. Close to 1 million stone management procedures is expected to be performed in 2020. The incidence of urinary stones is a function of age, lifestyle, environmental factors and other diseases. Some studies have found a positive correlation between obesity, diabetes and the incidence of kidney stones.
The recurrence of stones will also drive the increase in procedure numbers and the stone treatment disposables markets. For example, in extracorporeal shock wave lithotripsy (ESWL) treatments, an average of 20% of patients must return for further therapy.
Leading the European stone treatment device market is Boston Scientific with their Escape®, Gemini™, OptiFlex™ and Zero Tip™ brands of stone retrieval baskets. Other key and notable competitors include Dornier, Lumenis, Cook Medical and Karl Storz.
Other key findings from the U.S. Stone Treatment Device Market
Competition within the nitinol market is expected to force prices down at a faster rate relative to the more established stainless steel market. Although new, innovative products have been introduced in the past, there have not recently been a large number of ground breaking products that have been introduced to the market.
New sales of stainless steel stone fragment retrieval devices are decreasing across Europe; due to the increase in popularity of the nitinol variety. This shift in end user preference is not nearly as pronounced in Italy, Spain, and Portugal, where the effects of the European financial crisis are forcing doctors to use the significantly cheaper stainless steel baskets.
For Further Information
The global report series on the Markets for Urological Devices covers the U.S., Canada, 15 counties in Europe, Japan, India and China. The full reports provide a comprehensive analysis including procedure numbers, units sold, market value, forecasts, as well as a detailed competitive market shares and analysis of major players' success strategies in each market and segment.
The reports cover devices used in the treatment of benign prostate hyperplasia (BPH), prostate cancer, and urinary incontinence as well as urinary and kidney stones. Other markets analyzed include urological endoscopes, urodynamic equipment and nephrostomy devices.
About iData Research
iData Research (http://www.idataresearch.com) is an international market research and consulting group focused on providing market intelligence for medical device and pharmaceutical companies. iData covers research in: Diabetes Drugs, Diabetes Devices, Pharmaceuticals, Anesthesiology, Wound Management, Orthopedics, Cardiovascular, Ophthalmics, Endoscopy, Gynecology, Urology and more.
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