Global Stone Retrieval Baskets Market Report and Forecast 2024-2032

Global Stone Retrieval Baskets Market Outlook

The global stone retrieval baskets market size is expected to grow at a CAGR of 3.90% between 2024 and 2032. The growth of the market is assisted by the rising prevalence of kidney diseases due to the deteriorating lifestyle of people.

Global Stone Retrieval Baskets Market Trends

Stone retrieval baskets refer to medical equipment that are used to extract stones during urological procedures. They are utilized for the removal of stones and foreign bodies from the ureter and kidney. The procedure of stone removal is carried out after pinpointing the location of the stone. Once the stone is detected, it can be removed by using a basket. Newly introduced siliconized basket wires are able to open and close the basket to ensure a smooth capture and release of the stone(s).

• The market is majorly driven by the multiplying cases of kidney disorders, which has simultaneously propelled the need for surgeries related to the kidney. The market has increased the scope of development with the rising number of patients present in hospitals.

• Specialists and healthcare facilities are increasingly shifting towards the trend of non-invasive and minimally invasive surgery methods. This shift can be attributed to the patients’ preference for non-invasive and minimally invasive operation methods as they are associated with less pain and a shorter hospital stay.

• Technological developments in diagnostic devices and imaging systems have improved diagnostic procedures, helping doctors to treat patients in the best way possible. The market is expected to develop further, as people become more inclined to opt for treatment operations and facility providers adopt advanced systems for diagnosis.

Global Stone Retrieval Baskets Market Analysis

Based on type, the market can be segmented into nitinol stone retrieval basket and stainless-steel stone retrieval basket. Based on the design, it can be bifurcated into spherical, paired wire, and helical, among others. Based on the tip, the market bifurcations include tipless and with tip. Based on the number of wires, the market can be divided into 3 wire basket, 4 wire basket, and 6 wire basket. Based on application, the market divisions include hospitals and speciality clinics and ambulatory surgery centres. The regional markets for the market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. 

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global stone retrieval baskets market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.

• Olympus Corporation

• Boston Scientific Corporation

• Becton, Dickinson, and Company

• Medi-Globe GmbH

• Cook Group Incorporated

• Coloplast A/S

• Others

Types of Organisations that Utilise Stone Retrieval Baskets

The market for stone retrieval baskets, based on type, can be bifurcated into nitinol stone retrieval basket and stainless-steel stone retrieval basket. The launch of nitinol stone retrieval basket has enabled healthcare professionals to provide improved treatment and it has significantly propelled the market value. It is considered to be a safer and more effective option when compared to stainless steel stone retrieval basket. The nitinol stone retrieval basket segment is expected to hold the largest share of the market owing to its high versatility and enhanced durability.

Regional Markets for Stone Retrieval Baskets

The market for stone retrieval baskets can be geographically divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. Among these regions, North America is likely to be the dominating region in the market, attributed to the developed health infrastructure and most importantly the growing prevalence of kidney stone cases.

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Competitive Landscape

Olympus Corporation is one of the leading manufacturers of optics and reprography products. It is a Japanese manufacturing company established in 1919, in Tokyo, Japan. The company initially used to specialize in microscopes and thermometers. The company has achieved a medical revenue of JPY 737.1 billion and a consolidated revenue of JPY 868.9 billion. It is a large enterprise with over 35,000 employees in more than 40 countries.

Becton, Dickinson, and Company, also known as BD, is one of the largest global medical technology companies with an aim to improve world health. It is an American company established in 1897 and currently headquartered in New Jersey, United States. The company specialises in multiple fields including medical devices, diagnostics products, biosciences, laboratory instruments, and antibodies, among others.

Boston Scientific Corporation, headquartered in Massachusetts, United States, and founded in 1979. The company is engaged in biotechnology engineering and is a multinational medical equipment manufacturer. The company is focused on introducing innovative medical solutions that can help patients receive better care. They provide their services to over 130 countries.

Other players in the market include Medi-Globe GmbH, Cook Group Incorporated, and Coloplast A/S, among others.

Key Highlights of the Report