Market Highlights
To treat this disorder various procedures are used, out of which the minimally invasive procedures are the most preferred. According to study, the success rate for minimally invasive treatment procedures is 75-100%, depending on the size and the shape of the cyst as well as the kidney anatomy. The market for minimally invasive procedures is developing very rapidly due to the increasing expenditure and clinical advantages over conventional treatment routines.
The Global Kidney Cyst Market is anticipated to reach USD 28,400 Million by 2030 at 9.5% CAGR during the forecast period 2022-2030.
Key Players
Some of the Kidney Cyst Market Players are Boston Scientific Corp., C.R. Bard Inc., Convergent Laser Technologies, Cook Medical Inc., DirexGroup, Dornier MedTech GmbH, E.M.S. Electro Medical Systems S.A., Elmed Electronics & Medical Industry & Trade Inc., Medispec Ltd., Olympus Corp., Richard Wolf GmbH, Siemens Ltd., STORZ MEDICAL AG, Stryker Corp. and others.
Segmentation
The global kidney cyst market is segmented on the basis of diagnosis, treatment, and end user. On the basis of diagnosis it is segmented into imaging tests, blood test, urine test, and others. Imaging test is further segmented into X-rays, Ultrasound, and Magnetic Resonance Imaging (MRI). The treatment segment is divided into corticosteroid injection, platelet-rich plasma injection, surgery, medical devices, and others. Medical devices is further segmented into mechanical band, support tape, pre-cut strips, continuous rolls, and others. Based on the end user, it is segmented into hospitals & clinics, research laboratories, medical institutes, and others.
Regional Analysis
The Americas kidney cyst market is expected to show extensive growth owing to increasing number of patient population for kidney cyst, and technological advancement in the healthcare also accelerates the market growth. Moreover, high healthcare spending, and increasing government support for research & development will boost the market growth.
Europe holds the second largest share of the global market. The increasing focus of various government agencies on treating kidney cyst, and increasing investment in healthcare domain to improve treatment methods of diseases will fuel the growth of the market. The growing public awareness will boost the European market.
Asia Pacific is the fastest growing kidney cyst market across the globe. Japan holds a major share of the regional market due to availability of technology and huge healthcare spending. Rapidly developing economy, increasing healthcare expenditure, and government initiatives for research & development will drive the market in China and India over the assessment period. Alongside, there is a huge growth outlook for the market in the developing countries as these countries are encouraging research and development in healthcare management.
The Middle East and Africa hold the least share of the global market due to limited availability of medical facilities. The UAE, Saudi Arabia, and Kuwait are expected to drive the Middle East & African market whereas, the African region is expected to witness a moderate growth.
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