Nephrectomy is a treatment method in which diseased kidney is removed by surgical procedure. Based on severity nephrectomy is of two types partial and radical nephrectomy procedures. The increasing cases of kidney diseases due to growing consumption of alcohol, smoking, and unhealthy eating habits leads to increase the demand of nephrectomy procedures as a treatment method. The other key facts driving the market growth includes availability of technically advance diagnostic and treatment methods and increasing awareness and demand for organ transplant. However, factors such as risks and complications of the nephrectomy surgery and high cost related of the procedure hampers the market growth.
The nephrectomy market, based on procedure, has been segmented into laparoscopic nephrectomy, robot-assisted laparoscopic nephrectomy and open nephrectomy. The nephrectomy markets, based on indication, have been segmented into the kidney cancer and other kidney diseases. Based on end user, the market is segmented into hospitals & clinics and surgical centers.
The worldwide nephrectomy market, based on region, is segmented into the Americas, Europe, Asia-Pacific, and also the Rest of the world. The global nephrectomy market in the Americas is segmented into North America and Latin America. The Americas is attributed to hold the largest share owing to the large number of people suffering from kidney diseases and availability of treatment methods that supports the market growth in this region.
Europe is estimated to be the second-largest market share in the global nephrectomy market. The market growth in the European region is attributed to the presence of large number of healthcare companies and also the reimbursement policies for the nephrectomy procedure. Asia-Pacific is likely to be the fastest-growing region in the global nephrectomy market owing to the growing geriatric population, growing awareness of organ transplant and funding for R&D in healthcare industry drives the market growth in this region.
Product development, mergers, innovation, and acquisition are few crucial techniques followed by the global players operating in the Nephrectomy market. The prominent players in the global nephrectomy market are CONMED Corporation (US), KARL STORZ SE & Co. KG (Germany), Medtronic (Ireland), Olympus Corporation (Japan), B. Braun Melsungen AG (Germany), Johnson & Johnson Services Inc. (US), Cook Group (US), XCELLANCE Medical Technologies (India) and others.