Overview and Scope
Lithotripsy devices are medical devices and equipment used to treat lithotripsy, a non-invasive procedure to treat kidney stones. This procedure uses shock waves or ultrasound waves to break large stones that cannot pass the urinary tract into smaller stones that are easily removed.
Sizing and Forecast
The lithotripsy device market size has grown strongly in recent years. It will grow from $1.77 billion in 2023 to $1.88 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to risen incidence of kidney stones, preference for non-invasive procedures, advancements in medical imaging, increased geriatric population, patient demand for faster recovery.
The lithotripsy device market size is expected to see strong growth in the next few years. It will grow to $2.32 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to technological innovations in lithotripsy, increasing awareness and education, global access to healthcare services, collaborations in urology and nephrology, preventive approaches to kidney stones. Major trends in the forecast period include remote monitoring and telesurgery, continued research in stone fragmentation techniques, global collaboration in lithotripsy research, focus on outcomes-based healthcare, integration of artificial intelligence (ai).
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Segmentation & Regional Insights
The lithotripsy device market covered in this report is segmented –
1) By Type: Extracorporeal Shock Wave Lithotripsy Devices, Intracorporeal Lithotripsy Devices
2) By Applications: Kidney Stones, Ureteral Stones, Pancreatic Stones, Bile Duct Stones, Other Applications
3) By End-User: Hospitals, Ambulatory Surgical Centers, Other End Users
North America was the largest region in the lithotripsy devices market in 2023. The regions covered in the lithotripsy device 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 rise in the prevalence of kidney stones is expected to propel the lithotripsy device market going forward. Kidney stones refer to hard, pebble-like fragments of material that can develop in one or both kidneys when the urine contains excessive amounts of a certain mineral. Lithotripsy devices are used in kidney stones to break the stones into small pieces using shockwaves so that can easily pass through urine. For instance, in December 2022, according to a journal published by BioMed Central, a UK-based scientific open-access publisher, from a study of more than 10,000 people aged 40–70 years who lived in Kharameh, the Age-standardized prevalence rate (ASPR) of kidney stone was 21.11%. and ASPR was estimated that 24.13% in men and 18.7% in women in 2022. Therefore, the increase in the prevalence of urolithiasis is driving the growth of the lithotripsy device market.
Key Industry Players
Major companies operating in the lithotripsy device 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, 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,C. R. Bard Inc.,E.M.S. Electro Medical Systems S.A.,MACHIDA Endoscope Co. Ltd.,Medtronic plc, Aymed Medical Technology Co. Ltd.,Proteus Digital Health Inc.
The lithotripsy device market report table of contents includes:
1. Executive Summary
2. Lithotripsy Device Market Characteristics
3. Lithotripsy Device Market Trends And Strategies
4. Lithotripsy Device Market – Macro Economic Scenario
5. Global Lithotripsy Device Market Size and Growth
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31. Global Lithotripsy Device Market Competitive Benchmarking
32. Global Lithotripsy Device Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Lithotripsy Device Market
34. Lithotripsy Device Market Future Outlook and Potential Analysis
35. Appendix
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