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Lithotripsy Devices Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2029

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Global lithotripsy devices market is assessed to value over US$ 1.9 Billion by 2029 and register a CAGR of over 4.3% from 2019 to 2029. Lithotripsy is a procedure which breaks the process of forming stones in the kidney and bladder. It uses shockwav
Lithotripsy Devices Market Global Trends, Market Share, Industry Size, Growth,
Opportunities, and Market Forecast 2019 to 2029
Global lithotripsy devices market is assessed to value over US$ 1.9 Billion by 2029
and register a CAGR of over 4.3% from 2019 to 2029.
Lithotripsy is a procedure which breaks the process of forming stones in the kidney
and bladder. It uses shockwave to break up stones in the bladder and kidney.
Affordable cost, positive patient outcomes and less recovery time remain the driving
factor behind the growth of the market.
The lithotripsy devices market is segmented on the basis of product type, modality,
end-user, and region. Based on product type, the market is segmented into
intracorporeal lithotripsy devices and extracorporeal lithotripsy devices. In
extracorporeal lithotripsy, the stones present in the kidney are broken into smaller
pieces by sending shock waves.
Extracorporeal shock waves are safe and are economical. It’s vastly used for in the
cases of urinary stones. Such factors had a positive influence on the growth of the
market. Intracorporeal lithotripsy is able to diagnose kidney stones of all
compositions. It also has a high success rate for the removal of ureteral stones.
Technological advancements are inflating the size of the market.
Based on modality the market is segmented into standalone and portable.
Extracorporeal lithotripsy devices rising availability in portable modality is driving the
growth of the market. Based on end user, the market is segmented into hospitals
ambulatory surgical centres and speciality clinics. Hospitals are expected to dominate
the market during the forecast period. Hospital is equipped with the latest
technologies and skilled professionals The rising number of procedures alongside
rising healthcare expenditure remains the key factor behind the growth.
Based on regions, Europe holds the majority share of the lithotripsy device market.
The presence of prominent players coupled with the rising number of surgeries
remains the key factor behind the growth of the market. Asia-Pacific region is
expected to dominate the market in the coming years. Growing support for the
adoption of advanced technologies and the rapid increase of healthcare
infrastructure is the driving force for the growth of the market in the region. Increase
in initiatives to promote the use of lithotripsy devices has fueled the growth of the
market in the region.
However, the risks of internal bleeding coupled with blood transfusions could cause
potential damage to the kidney. Such factors have hindered the growth of the
market.
Prominent players of the marker are Dornier MedTech, Lumenis, Siemens AG, Walz
Elektronik, Richard Wolf GmbH, Novamedtek, Olympus America, Elmed Medical
Systems and others.
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Global Lithotripsy Devices Market Segmentation:
By Product Type
• Intracorporeal Lithotripsy Device
• Extracorporeal Lithotripsy Device
By Modality
• Standalone
• Portable
By End User
• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics
By Region:
• Europe
• North America
• APAC
• Latin America
• Rest of World
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Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants
FutureWise Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the lithotripsy devices market based on
the product type, modality, end user, and region
• To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America,
Europe, Asia Pacific, Latin America, and the Middle East
• To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
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