The global demand for Lithotripsy Device Market is presumed to reach the market size of nearly USD 12.77 BN by 2030 from USD 6.04 BN in 2022 with a CAGR of 9.81% under the study period 2023 - 2030.
Lithotripsy Devices are used in lithotripsy, a minimally invasive surgical procedure intended to treat stones, such as particles in the kidney, ureter, or bladder that are too large to flow through the urinary tract. The standard procedure is to locate the stone using ultrasound or fluoroscopy, then send shock waves or high ultrasonic energy waves directly to it to fracture it into tiny bits that the urinary system may pass.
Market dynamics
The rising senior population is a significant factor propelling the growth of the lithotripsy devices market. Owing to its relative safety, cheap cost, shorter recovery time, and excellent patient results, lithotripsy has become the most popular approach for treatment, driving market expansion. Growing investment in the development of advanced technology, supporting government laws for diagnostic techniques such as X-ray and urine microscopy tests, and the rising frequency of urolithiasis disorders all contribute to the growth of the lithotripsy devices market. Furthermore, the increasing number of extracorporeal shock wave lithotripsy treatments boosts the market for lithotripsy devices. Certain dangers associated with lithotripsy therapy, such as high blood pressure and haemorrhaging, restrict market growth. Furthermore, the unfavourable consequences of lithotripsy shock waves usually result in hypertension, diabetes, and other conditions that act as essential market restrictions for lithotripsy devices.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of lithotripsy device. The growth and trends of lithotripsy device industry provide a holistic approach to this study.
Market Segmentation
This section of the lithotripsy device market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Intracorporeal Lithotripsy (Mechanical Lithotripsy, Electrohydraulic Lithotripsy, Laser Lithotripsy, Ultrasonic Lithotripsy, Others)
- Extracorporeal Lithotripsy
By Application
- Kidney Stones
- Biliary Duct Stones
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Lithotripsy Device market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Lithotripsy Device Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the lithotripsy device market include Boston Scientific Corporation, Olympus Corporation, C. R. Bard Inc. (Becton, Dickinson), EDAP TMS, Siemens Healthcare GmbH, Dornier MedTech, Cook, KARL STORZ, Richard Wolf GmbH, EMS. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.