Drivers
The major factor for the growth of the Nephrectomy market is the rapidly increasing advancements in therapy techniques. Along with that, the rising economies of several developing countries are likely to contribute to the growth of the Nephrectomy industry at a high pace which ultimately contributes to the growth of the global therapeutic market and kidney cancer diagnosis market.
The rising demand for effective cancer diagnosis and therapeutic, Nephrectomy procedures and increasing demand for the novel is the other major driving factor for the global Nephrectomy Industry.
Opportunities
The therapeutic procedures and the innovative diagnosis is likely to boost the growth opportunities for the major key players in the global Nephrectomy Industry, which ultimately promotes growth during the forecast period across the globe. According to the reports of Organ Donation and Transplantation, about 21,167 kidneys transplant took place in the year 2018 in the United States. Therefore, the rise in demand for the transplantation of the organs is adding fuel to the growth of the Nephrectomy market across the globe.
Restraints
The high risk involves in surgical procedure can be considered as the major restraint of the global Nephrectomy industry along with that the complications of the after surgery is another big factor. The high cost of surgical procedures is anticipated to hamper the growth of the global nephrectomy Industry.
Challenges
The key players of the Nephrectomy Market are focused on reducing the high cost involves in the surgical procedure which is a major challenge for the players in the market and it is likely to hamper the growth of the Nephrectomy Industry.
Cumulative Growth Analysis
According to the reports of the National Kidney Foundation, Inc. the chronic kidney disease (CKD) is the major cause of increasing date rates in the united states and about 75% of kidney failures around the globe are due to high blood pressure and diabetes between 2014 and 2016. On the basis of reports from the World Health Organization 2018 fact sheet, near about 422 million people around the globe were reported to have diabetics in the year 2014. The rising prevalence of diabetes is the major cause of kidney problems and, hence driving the market.
Moreover, the rising demand for a kidney transplant is likely to boost the nephrectomy market growth. According to the reports based on US government Information on Organ Donation and Transplantation, about 31,167 kidney transplants took place in the US in the year 2018. Therefore, the rising demand for the transplantation of organs is adding fuel to the worldwide growth of the nephrectomy industry.
Value Chain Analysis
According to the reports, the nephrectomy market has been segmented into procedure, indication, end-user, and region. On the basis of procedure, the global market is segmented into open nephrectomy, laparoscopic nephrectomy, and robot-assisted laparoscopic surgery. The laparoscopic nephrectomy segments account for the maximum nephrectomy industry share of 6% in the year 2018.
On the basis of indication, the global market is segmented into kidney cancer and other kidney diseases. The other kidney cancer segment is predicted to register the maximum growth at a CAGR of 5.01% during the forecast period. Based on end-user, the global nephrectomy industry has been segmented into hospitals & clinics, surgical centers, and others. The hospitals & clinic segment accounts for the maximum nephrectomy industry share of 1% in the year 2018.
The Global Nephrectomy Market is poised for growth, driven by advancements in surgical techniques and increasing prevalence of kidney diseases, which necessitate improved treatment options.
U.S. National Institutes of Health
