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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Segment Analysis
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 another kidney disease. On the basis of end-user, it is bifurcated into hospitals & clinics, surgical centers, and others.
Regional Analysis
The Global Nephrectomy Market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Rest of the World. The Americas are likely to hold the largest share of the global nephrectomy market during the assessment period. Increasing prevalence of kidney cancer in the region, high prevalence of chronic kidney diseases, growing development in diagnostics, and well-established players are likely to support the dominance of the Americas during the forecast period. The Europe market established substantial growth in the market due to the increasing incidence and prevalence of cancer in this region. Asia-Pacific is estimated to be the fastest-growing region in the global market due to the increasing R&D funding by developing countries and the development of the healthcare sector in the region. The nephrectomy market in the Rest of the World is expected to witness gradual growth due to the increasing awareness about nephrectomy.
Market Players
MRFR recognizes the following companies as the Key Players in the Global Nephrectomy Market— 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), and Others.
Key Findings of the Study
- The Global Nephrectomy Market was valued at USD 4,470.17 Million in 2018 and is expected to register a CAGR of 4.80% during the assessment period.
- The Americas accounted for the largest share of the global market due to the presence of key market players and the high prevalence of chronic kidney diseases.
- Based on the procedure, the laparoscopic nephrectomy segment accounted for the largest market share of 6% in 2018.
- Based on indication, the other kidney cancer segment is expected to register the fastest growth at a CAGR of 5.01% during the forecast period.
- Based on the end-user, the hospitals & clinics segment accounted for the largest market share of 1% in 2018.
- Some of the players operating in the nephrectomy market are Medtronic, Olympus Corporation, B. Braun Melsungen AG, Johnson & Johnson Services Inc., among others
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