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The Market

The urology device market is estimated at $4.8 billion worldwide, with $2.5 billion in the US alone. It is growing at an annual rate of 8-10%, driven by the demographics of an aging population and increased demand for non-invasive procedures.

Kidney stones are one of the most common disorders of the urinary tract, affecting approximately 5-7% of women and 7-10% of men. The US market for stone treatment devices was valued at over $116M in 2009, with 1.2 million stone treatment procedures performed in the US alone and over five million procedures worldwide. The US stone treatment device market is expected to grow at CAGR of 2.6% reaching $149M in 2016.