Lithotripsy Devices Market: By Product Type (Extracorporeal Shock Wave Lithotripsy Devices, Intracorporeal Lithotripsy Devices, Laser Lithotripsy devices, Electrohydraulic Lithotripsy Devices, Ultrasonic Lithotripsy Devices, Mechanical Lithotripsy Devices, and Others) By Modality (Standalone, and Portable), By Application (Kidney Stones, Pancreatic Stones, Ureteral Stones, Bile Duct Stones, and Others), By End Users (Hospitals, Ambulatory Surgical Centers, and Others) and Geography  

Lithotripsy Devices Market size was valued at USD 1.5 billion in 2022 which is expected to grow at a CAGR of 4.7% from 2023-2029. Lithotripsy devices are defined as non-invasive medical procedures for the treatment of stones in various body parts such as the kidney, liver, or gallbladder. Lithotripsy utilizes sound waves to convert larger kidney stones into small pieces. The most common type of lithotripsy is extracorporeal shock wave lithotripsy. This device is relatively safe and cost-effective. Intracorporeal lithotripsy can treat all types of kidney stones and it is successful in treating ureteral stones without any significant problems. The growth of the geriatric population around the world can lead to an increase in the lithotripsy devices market industry share. Moreover, the rising prevalence of urolithiasis diseases, increasing public and private funding in research and development, and promising policies of the government concerning diagnosis and testing such as X-ray and microscopy tests are some primary factors that can boost the global lithotripsy devices market size. Apart from these, improved healthcare systems and technological advancements can also accelerate the growth of the market. However, some factors such as the lack of innovative ideas and the interest of the companies in funding niche technologies can restrain the growth of the market. the hostile effects of lithotripsy waves can sometimes result in diabetes, hypertension, and in some cases, permanent loss of renal volume function, and the accessibility of substitute treatments can hinder the market growth. Technological advancements in the field of lithotripsy have created an opportunity for the growth of the global lithotripsy devices market size.  

Lithotripsy Devices Market Developments:

• In July 2020, Lumenis Ltd. patented MOSES 2.0, a lithotripsy device with better procedures, and outcomes.
• In October 2020, JIPMER launched Dornier Delta, a powerful lithotripsy device that uses extracorporeal shock waves technology.