Kidney Cyst Market Scenario
The kidney cyst market is anticipated to reach USD 28,400 Million by 2030 at 9.5% CAGR during the forecast period 2022-2030.Kidney cysts are abnormal, fluid-filled sacs that form in the kidneys. The major symptoms of kidney cyst are pain in between ribs and hip, pain in belly or back, fever, frequent urination, or blood in urine or dark urine. Simple cysts of the kidneys are very common, especially in the aging population. Simple cysts have a smooth border and clear fluid center. In some cases, these cysts are found when a person has an ultrasound or CT scan of the abdomen for some other reason. Simple cysts may develop when fluid from the urinary space leaks into the tissues of the kidney. Sometimes more than one cyst is seen in each kidney. Unless a simple cyst becomes very large, there is rarely any damage to the kidney. The urine test or urinalysis, will detect any abnormal cells or proteins that could mean there is some kidney problem. If the blood and urine tests are normal, any other tests are usually not required.
Increasing prevalence of kidney cysts, increasing investment by biotechnology and pharmaceutical industries in R&D, and rising need for the better treatment methods drive the growth of the kidney cyst market. Furthermore, favorable reimbursement policies, increased application and significant investments in the development of new technologies for the treatment of diseases will fuel the market growth during the forecast period. Moreover, increasing geriatric population will fuel the kidney cyst market growth. Established market players in the developed countries leads the globalization by pushing new products and services into the developing countries and emerging economies. However, higher treatment cost may hinder the kidney cyst market growth during the forecast period.
- Pharmaceutical and Biotechnological Companies
- Research and Development (R&D) Companies
- Ambulatory Care Centers
- Academic Institutes and Universities
- Market Research and Consulting Service Providers
- Potential Investors
Figure: Global Kidney Cysts Market, By Region Market Share, 2016 (%)
Sources: Annual reports, Press release, White paper, Company presentation
The kidney cyst market is segmented on the basis of diagnosis, treatment, and end user.
On the basis of diagnosis, kidney cyst market 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, kidney cyst market is segmented into hospitals & clinics, research laboratories, medical institutes, and others.
The Americas dominate the kidney cyst market owing to well-developed technology, increasing patient population for kidney cyst, increasing government support for research & development, and high healthcare spending. Furthermore, increased R&D activities and the concentration of major companies have fuelled the growth of the market in this region.
Europe holds the second position in the kidney cyst market owing to the government support for research & development and availability of funds for research. This is expected to continue to drive the European market over the forecasted period. For instance, developed economies such as Germany and France are increasing investment in the healthcare domain and are focusing more on hospital infrastructure.
Asia Pacific is the fastest growing kidney cyst market owing to the presence of rapidly developing healthcare technology and high healthcare expenditure. Moreover, increasing patient population in countries like India and South Korea are likely to emerge as the fastest growing market across the globe. Furthermore, increasing demand for quality devices in the healthcare is projected to lead the use of advanced equipment, which, in turn, may increase the kidney cyst market growth in this region.
However, the Middle East & Africa holds the least share of the kidney cyst market due to less availability of funds, limited medical facilities, and deprived political conditions in Africa.
Sources: Annual reports, Press release, White paper, and Company presentation
Some of key the players in the kidney cyst market 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.
Kidney Cyst Market Highlights:
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