Global Lithotripsy Devices
Market Report
2024
Global Lithotripsy Devices market was valued at USD 1.55 billion in 2022 and is projected to reach USD 2.37 billion by 2030, registering a CAGR of 5.47% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Global Lithotripsy Devices market was valued at USD 1.55 billion in 2022 and is projected to reach USD 2.37 billion by 2030, registering a CAGR of 5.47% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Lithotripsy Devices Market Sales Revenue 2022 | $ 1.55 Billion |
Global Lithotripsy Devices Market Sales Revenue 2030 | $ 2.37 Billion |
Global Lithotripsy Devices Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.47% |
Market Split by Product |
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Market Split by Application |
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Market Split by End user |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Lithotripsy Devices Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Lithotripsy refers to a non-invasive procedure used to treat larger sized kidney stones that are unable to pass through the urinary tract. Lithotripsy devices treats kidney stones, bile duct stones, pancreatic duct stones, and other stones by sending ultrasonic energy or shock waves directly to the stone first encountered with fluoroscopy or ultrasound. The lithotripsy devices use several different techniques in order to generate shockwaves that focus on targeted stones. The shockwaves are generated through electromagnetic, piezoelectric, or electrohydraulic methods. These shockwaves are delivered to the body externally, mostly through a water bath or water-filled cushion, without any need for anaesthesia. The shockwaves aid in breaking down the stones into smaller fragments enabling their way through the urinary tract. The lithotripsy devices also provide adjustable parameters in order to optimize the treatment depending on the location, composition, and size of the stones. Lithotripsy devices also protect surrounding organs and tissues from excessive shockwave energy.
Nowadays, kidney stones have become a common urological condition and its prevalence has been increasing at global level. Several factors such as sedentary lifestyles, genetic predisposition, unhealthy dietary habits, and inadequate hydration are responsible for kidney stone formation. The increased prevalence of kidney stones has created a substantial population that needs treatment for kidney stone. This is where lithotripsy devices play a crucial role by offering non-invasive and highly effective treatment solution for removing and breaking down kidney stones. Thereby, resulting in patients and healthcare professionals making lithotripsy devices a preferred treatment choice.
For instance, according to the United States Renal Data System, 2020, in the U.S. around 786,000 people are living with ESKD, also known as ESRD (End-Stage Renal Disease), 29% with a kidney transplant, and 71% on dialysis. Moreover, according to the American Kidney Fund, around 37 million Americans have kidney diseases which included kidney diseases. Thus, this huge number of patients with kidney disorders are increasing the demand for lithotripsy devices.
Further, the improved technological advancements in lithotripsy devices resulting in more efficient results and safe procedures are responsible for the growth of the market. Several new advanced technologies have been evolved for kidney stone treatment. For instance, according to the research article published by American Association for the Advancement of Science in 2022, two new techniques namely Ultrasonic Propulsion and Burst Wave Lithotripsy have been developed. Burst Wave Lithotripsy (BWL) has emerged as non-invasive technique to break stones without any injury or pain without anaesthesia. Thus, rising number of technological advancements in lithotripsy devices is fuelling the growth of the global lithotripsy devices market.
Lithotripsy devices and the treatment associated with it can be expensive. The initial capital investment essential for purchasing of lithotripsy equipment are relatively higher. In addition, the operation and maintenance costs are significantly higher. While, the need for skilled healthcare professionals and specialized training adds to the overall cost. Therefore, the higher costs of lithotripsy devices are likely to limit their accessibility, particularly in resource-constrained healthcare settings.
Moreover, there can be discrepancies in the access and availability of lithotripsy devices, specifically in underdeveloped or rural regions. Concentration of advanced technologies in urban areas and limited healthcare infrastructure are likely to hamper the widespread adoption of lithotripsy devices. Thus, this disparity in availability and access may limit the growth of lithotripsy devices market in certain regions.
The outbreak of Covid-19 has witnessed a moderate impact on Lithotripsy Devices market growth. The pandemic had been driving unprecedented changes in healthcare services across the globe. During the early stage of COVID-19 pandemic, several countries implemented lockdowns and restricted various non-essential medical procedures. Thereby, resulting into decline in non-urgent medical procedures. Thus, during early stages of pandemic, demand for Lithotripsy Devices services and equipment had dropped significantly.
The distribution and manufacturing of Lithotripsy Devices equipment’s was also disrupted due to factory shutdowns, restrictions on international trade, and transportation challenges led to the delays in production and delivery of Lithotripsy Devices. Thus, this affected affordability and availability of Lithotripsy Devices.
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The major players operating in the market are EDAP TMS, DirexGroup, Becton, Dickinson, and Company, Olympus Corporation, and Cook Medical LLC. Dornier MedTech (Advanced MedTech), Storz Medical AG, Boston Scientific Corporation, Novamedtek, Elmed Medical Systems, Karl Storz SE & Co. KG, and Siemens Healthineers AG, and Others.
In December 2021, Becton, Dickinson and Company acquired Tissuemed, Ltd. to add advanced sealant to their surgical solutions portfolio. This acquisition helped the Becton, Dickinson and Company to expand its global offerings for surgeons outside U.S.
Top Companies Market Share in Lithotripsy Devices Industry: (In no particular order of Rank)
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The Lithotripsy Devices industry in the region of North America is expected to grow with the fastest CAGR over the projected period, from 2023 to 2030. The region of North America has a well-developed and advanced healthcare infrastructure, specifically in Canada and the U.S. North America is well-equipped with advanced medical facilities including hospitals, clinics, and specialized urology centres, which has enabled the population there to gain access to modern medical technologies and facilities. Thus, having robust healthcare infrastructure allows the widespread adoption and availability of lithotripsy devices resulting in dominating the market. In addition, the region of North America has a greater prevalence of kidney stones, which resulted into an increased demand for lithotripsy devices as a non-invasive treatment option. Apart from this, several key players of the global lithotripsy devices market are present in North America which helped to strengthen its market dominance. Therefore, attributing to all the above factors, North America is expected to dominate the global lithotripsy devices market during the forecast period.
The current report Scope analyzes Lithotripsy Devices Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Lithotripsy Devices Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Lithotripsy Devices Industry growth. Lithotripsy Devices market has been segmented with the help of its Product, Application End user, and others. Lithotripsy Devices market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The Extracorporeal Shock Wave Lithotripsy devices segment dominated the global Lithotripsy Devices market in 2022. The Extracorporeal Shock Wave Lithotripsy devices segment is expected to continue to dominate the global Lithotripsy Devices market in the forecast period. As, Extracorporeal Shock Wave Lithotripsy (ESWL) is a widely used and well-established technique for non-invasive treatment of kidney stones and urinary tract stones. ESWL is an appropriate treatment solution for significant proportion of patients makes it a preferred choice by patients. Whereas, its non-invasive nature is highly appealing to patients as it minimizes the risk associated with invasive procedures. Moreover, ESWL is particularly effective for stones in the upper urinary tract and kidney. Its ability to break stones into smaller parts has made it to be a preferred choice by healthcare professionals. In addition, ESWL devices are suitable for a wide range of stone sizes and composition. They can treat different types of kidney stones with greater efficacy. Therefore, all these factors are responsible for ESWL segment to be the largest contributor of revenue share in the global lithotripsy devices market.
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Lithotripsy Devices from 2019 to 2031. This will also help to analyze the demand for Lithotripsy Devices across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Application of Lithotripsy Devices are:
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Senior Research Associate at Cognitive Market Research
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over 3+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry.
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over three years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies.
In her current role, Manjiri handles the market research related to Pharma and healthcare industry. Her passion lies in utilizing innovative approaches to distill complex information into strategic insights that empower organizations to make informed decisions.Manjiri remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Lithotripsy Devices Market is witnessing significant growth in the near future.
In 2023, the Extracorporeal Shock Wave Lithotripsy (ESWL) segment accounted for noticeable share of global Lithotripsy Devices Market and is projected to experience significant growth in the near future.
The Kidney Stones segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Boston Scientific, C. R. Bard Inc. (Becton Dickinson) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product | Extracorporeal Shock Wave Lithotripsy (ESWL), Intracorporeal Lithotripsy (IL) |
Application | Kidney Stones, Ureter Stones, Pancreatic Duct Stones, Bile Duct Stones |
End user | Hospitals, Others |
List of Competitors | Boston Scientific, Olympus Corporation, C. R. Bard Inc. (Becton Dickinson), EDAP TMS, Siemens Healthcare, Dornier MedTech, Cook, KARL STORZ, Richard Wolf |
This chapter will help you gain GLOBAL Market Analysis of Lithotripsy Devices. Further deep in this chapter, you will be able to review Global Lithotripsy Devices Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by End user Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Lithotripsy Devices market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Extracorporeal Shock Wave Lithotripsy (ESWL) have a significant impact on Lithotripsy Devices market? |
What are the key factors affecting the Extracorporeal Shock Wave Lithotripsy (ESWL) and Intracorporeal Lithotripsy (IL) of Lithotripsy Devices Market? |
What is the CAGR/Growth Rate of Kidney Stones during the forecast period? |
By type, which segment accounted for largest share of the global Lithotripsy Devices Market? |
Which region is expected to dominate the global Lithotripsy Devices Market within the forecast period? |
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