Overview and Scope
Lithotripsy devices are medical instruments or equipment specifically designed and used in the lithotripsy process. These devices generate and deliver shock waves to target and break down stones or solid deposits within the body, typically in the kidneys, gallbladder, or urinary tract.
Sizing and Forecast
The lithotripsy devices market size has grown strongly in recent years. It will grow from $1.21 billion in 2023 to $1.28 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to introduction of extracorporeal shock wave lithotripsy (eswl), clinical evidence and research, patient preference for non-invasive treatments, market penetration in healthcare facilities, regulatory approvals and standards, physician training and education..
The lithotripsy devices market size is expected to see steady growth in the next few years. It will grow to $1.54 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to growing prevalence of urolithiasis, rising geriatric population, shift towards minimally invasive procedures, preference for outpatient treatments, increasing adoption of sedation-free techniques.. Major trends in the forecast period include adoption of disposable devices, collaborative multi-disciplinary care, remote monitoring and telemedicine integration, non-invasive alternatives, expansion of home-based lithotripsy..
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Segmentation & Regional Insights
The lithotripsy devices market covered in this report is segmented –
1) By Type: Extracorporeal Shock Wave Lithotripsy Devices, Intracorporeal Lithotripsy Devices, Laser Lithotripsy Devices, Electrohydraulic Lithotripsy Devices, Ultrasonic Lithotripsy Devices, Mechanical Lithotripsy Devices
2) By Applications: Kidney Stones, Ureteral Stones, Pancreatic Stones, Bile Duct Stones
3) By End-User: Hospitals, Ambulatory Surgical Centers, Other End Users
North America was the largest region in the lithotripsy devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the lithotripsy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing geriatric population across the globe is expected to propel the growth of the lithotripsy device market going forward. The geriatric population refers to a specific age group consisting of individuals who are typically 65 years of age or older. The rise in the number of patients with kidney stones and urolithiasis, primarily among the growing geriatric population, necessitates using lithotripsy devices to perform minimally invasive methods to remove kidney stones and provide treatment for urolithiasis in this specific demographic. For instance, according to October 2021 published factsheet by World Health Organization, there will be 1.4 billion individuals over the age of 60 in the world by 2030, up from 1 billion in 2020. Therefore, the growing geriatric population across the globe is driving the growth of the lithotripsy device market going forward.
Key Industry Players
Major companies operating in the lithotripsy devices market report are Siemens AG, Becton Dickinson and Company, Boston Scientific Corporation, Cook Medical LLC, Shockwave Medical Inc., Lumenis Ltd., EDAP TMS S.A., Dornier MedTech GmbH, Electro Medical Systems S.A., Allengers Medical Systems Limited, DirexGroup, Medispec Ltd., Elmed Medical Systems Ltd., Convergent Laser Technologies, MTS Medical, NOVAmedtek LLC, EMD Medical Technologies, NIDHI Meditech Systems (NMS), Olympus Scientific Solutions Americas Corporation, Richard Wolf India Private Ltd., Karl Storz SE & Co. KG, Technomed Systems Private Limited, Shenzhen Wikkon Medical Apparatus Co. Ltd., Inceler Medikal Ltd. Sti, Cliniva Healthcare.
The lithotripsy devices market report table of contents includes:
1. Executive Summary
2. Lithotripsy Devices Market Characteristics
3. Lithotripsy Devices Market Trends And Strategies
4. Lithotripsy Devices Market - Macro Economic Scenario
5. Global Lithotripsy Devices Market Size and Growth
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32. Global Lithotripsy Devices Market Competitive Benchmarking
33. Global Lithotripsy Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Lithotripsy Devices Market
35. Lithotripsy Devices Market Future Outlook and Potential Analysis
36. Appendix
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The Lithotripsy Devices Market is expected to reach USD 1.76 Billion by 2023 from USD 1.41 Billion in 2018, at a CAGR of 4.5%.
ESWL is the least invasive of all stone treatments and is considered the treatment modality of choice for a majority of urinary stones.Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsample.asp?id=29769904Kidney stones segment accounted for the largest share in 2017On the basis of applications, the lithotripsy devices market is categorized into kidney stones, ureteral stones, pancreatic stones, and bile duct stones.
The increasing incidence of kidney stones and the recurrence of these stones over a period of time are the key factors driving the growth of this segment.Browse and in-depth TOC on “Lithotripsy Devices Market” 76 - Tables29 - Figures 108 - Pages In 2017, the hospitals segment accounted for the largest share of the marketOn the basis of end user, the lithotripsy devices market is categorized into hospitals, ambulatory surgical centers, and other end users.
In 2017, the hospitals segment accounted for the largest share of the global lithotripsy devices market.
The large share can be attributed to the high number of surgeries performed in hospitals.Read more (Lithotripsy Devices Market):- https://www.marketsandmarkets.com/PressReleases/lithotripsy-device.asp North America commanded the largest share of the market in 2017Based on region, the lithotripsy devices market is segmented into North America, Europe, Asia, and the Rest of the World (RoW).
The large share can primarily be attributed to the high prevalence of kidney stones and the large number of surgeries performed each year.Some of the major players in the lithotripsy devices market are Siemens AG (Germany), Boston Scientific (US), Dornier MedTech (Germany), Olympus America (Japan), DirexGroup (Germany), and Richard Wolf (Germany).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
Urolithiasis is the way toward shaping stones in the kidney, bladder, as well as urethra.
Kidney stones happen in 1 of every 20 individuals eventually in their life.Lithography is a method that utilization stun wave to separate stones in the kidney, bladder, or ureter.
Numerous pieces of the world are currently experiencing the stones' illness which represents a significant wellbeing risk influencing 20% of everyone around the world.
In Thailand, the most noteworthy pervasiveness pace of 16.9% was accounted for in the Northeast areas, while in Middle Eastern nations, the lifetime commonness of kidney stones is even high.
By and by, lithotripsy gadgets worldwide market is driven by the maturing populace, innovative progression, expanding frequency of urolithiasis.
Nonetheless, the antagonistic impact of lithotripsy stun waves which can regularly bring about hypertension, diabetes, and now and again the lasting loss of utilitarian renal volume go about as significant obstruction for this market.
Global Lithotripsy Devices Market was valued at USD1.45 billion in 2017, and is estimated to grow at a CAGR of 5.5% from 2017 to 2024.
For More Information Visit https://www.maximizemarketresearch.com/market-report/global-lithotripsy-devices-market/10927/Lithotripsy is medical procedure that break kidney stones in modicums.
It uses shock wave to break kidney stones so that it can peregrinate through urinary track and abstract from the body.
Transmuting technology and innovation are some of the major driving forces for the Global Lithotripsy Devices Market .
On the other hand, unpropitious healthcare reforms in the US, unpropitious effects associated with lithotripsy and the availability of alternative treatments for stone abstraction are a few key factors that are expected to restrain the magnification of Global Lithotripsy Devices Market during the forecast period.
The major player in the Global Lithotripsy Devices Market are Siemens AG (Germany), Boston Scientific (US), Dornier MedTech (Germany), Olympus America (Japan), DirexGroup (Germany), and Richard Wolf (Germany), Ince Medical, ELMED Elektronik ve Medikal San.
The lithotripsy devices market is projected to continue its steady growth due to the burgeoning cases of kidney stones, coupled with the surging demand for minimally invasive medical treatments.
According to Fact.MR report, the lithotripsy devices market is anticipated to accelerate at 4.3% CAGR during 2018-2026 to reach a value of US$ 1,095.2 MN by the end of 2026.
In recent past, lithotripsy has become the most preferred way of treating kidney stones, owing to myriad advantages of lithotripsy devices, such as low cost, relative safety, negligible recovery time and positive results.Important regions covered in the lithotripsy devices market report include:North America (Canada, US)Latin America (Argentina, Mexico)Europe (NORDIC, UK)Japan and MEAAPEJ (China, India)The lithotripsy devices market report also provides data regarding the key countries in the defined regions.Surging Incidence of Urolithiasis to Boost Sales of Lithotripsy DevicesUrolithiasis is a widely prevalent urologic issue, which constitutes considerable burden on the healthcare system across the globe.
According to Fact.MR report on lithotripsy devices market, apart from widespread prevalence, urolithiasis has been linked to an increased risk of end-stage renal failure, which has further accelerated the demand for lithotripsy devices.
As per the U.S. National Institutes of Health, urolithiasis affects roughly 12% of the worldwide population once in lifetime.
The report opines that the growing prevalence of kidney stones is likely to drive the growth of lithotripsy devices market during the forecast period.
