Nephrectomy Market is expected to register a CAGR of 4.80% and was valued at USD 4,470.17 Million in 2018.
Nephrectomy is a surgical procedure performed to remove the kidney or a part of it. Nephrectomy is of two types, namely, radical nephrectomy in which the entire kidney is removed and partial nephrectomy where a part of the kidney or the diseased tissues is removed as a process of the treatment. Most frequently, a nephrectomy is done to treat kidney cancer or to remove a noncancerous tumor during urological surgery. The demand for nephrectomy is increasing due to the increasing prevalence of kidney cancer and chronic kidney diseases, the rising number of laparoscopic nephrectomy procedures, and increasing awareness about organ (kidney) transplant. These factors are expected to fuel the growth of the global nephrectomy market. However, risks and complications of the nephrectomy surgery and high cost of the procedure are anticipated to hamper the market growth.
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Kidney cancer is a disease in which the healthy cells of one or both kidneys start proliferating in an uncontrolled manner and form lumps (called a tumor). In chronic kidney disease (CKD), also known as chronic renal disease, chronic renal failure, or chronic kidney failure, the problems are kidney-related that result to cause slow and progressive loss of kidney function over a period and eventually results in permanent kidney failure. The main causes of kidney diseases are diabetes and high blood pressure.
For instance, the National Kidney Foundation, Inc. reported that chronic kidney disease (CKD) is one of the leading causes of death in the US and also stated that around 75% of kidney failure was caused due to diabetes and high blood pressure between 2014 and 2016. According to the World Health Organization 2018 fact sheet, 422 million people were reported to have diabetes in 2014 across the world. The increasing prevalence of diabetes is leading to cause kidney problems and is thus driving the nephrectomy market.
Similarly, the awareness and demand for organ (kidney) transplant is likely to drive the market growth. According to the US Government Information on Organ Donation and Transplantation, 21,167 kidney transplants took place in 2018 in the US. Hence the demand for organ transplants is fueling the growth of the worldwide nephrectomy market.
The Global Nephrectomy Market has been divided based on procedure, indication, end-user, and region. The market, based on procedure, has been segregated into open nephrectomy, laparoscopic nephrectomy, and robot-assisted laparoscopic surgery. Based on indication, the nephrectomy market has been divided into kidney cancer and other kidney diseases. On the basis of end-user, it is bifurcated into hospitals & clinics, surgical centers, and others.
The Global Nephrectomy Market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and Rest of the World (RoW). The Americas are likely to dominate the global nephrectomy market. The increasing prevalence of kidney cancer in the region, high prevalence of chronic kidney diseases, and growing development in diagnostics would drive the growth of the nephrectomy market in this region. Moreover, according to the American Cancer Society, it is estimated that about 73,820 new cases of kidney cancer (44,120 in men and 29,700 in women) are likely to occur in 2019. Also, kidney cancer is among the ten most common cancers in both men and women. Hence, the market for nephrectomy is expected to grow in the Americas.
Europe held a substantial share in the global nephrectomy market. This can be attributed to the increasing incidence and prevalence of cancer, and public policies & reimbursement procedures in this region are expected to boost the growth of the market in this region.
Asia-Pacific is estimated to be the fastest-growing region in the global market. This is due to the increasing R&D funding by developing countries and the development of the healthcare sector.
The nephrectomy market in Rest of the World is expected to witness steady growth during the review period due to limited access and healthcare affordability among the population.
The Prominent Players in the Global Nephrectomy Market are KARL STORZ SE & Co. KG (Germany)., Olympus Corporation (Japan), Medtronic Plc (Ireland), B. Braun Melsungen AG (Germany), Johnson & Johnson Services Inc. (US), Cook Group (US), CONMED Corporation (US), and XCELLANCE Medical Technologies (India).
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