Lithotripsy Devices Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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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) Modality (Standalone, and Portable), Application (Kidney Stones, Pancreatic Stones, Ureteral Stones, Bile Duct Stones, and Others), End Users (Hospitals, Ambulatory Surgical Centers, and Others) and Geography

 

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Report

Description

Lithotripsy Devices Market size is expected to be valued at USD 1.5 billion in 2022 which is expected to grow at a CAGR of 4.7% over 2022-2028. Lithotripsy devices are defined as non-invasive medical procedure 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 also 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 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.

 

Recent 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® III, a powerful lithotripsy device that uses extracorporeal shock waves technology.

Lithotripsy Devices Market

MARKET SUMMARY
-
4.7%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 4.7%
  • Largest Market– Asia pacific
  • Fastest Growing Market– North America

Lithotripsy Devices Market

  • The global lithotripsy devices market report gives a comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
  • The report lithotripsy devices market gives historical, current, and future market sizes on the basis product type, modality, application, end users, and region.
Key Players
  • Boston Scientific Corporation
  • Lumenis, DirexGroup
  • Walz Elektronik GmbH
  • Technomed Medical Systems
  • ELMED™ USA Medical Systems
Lithotripsy Devices Market Dynamics

One of the major reasons for the increase in the global lithotripsy devices market industry share is the increasing prevalence of urolithiasis among the population. With the rise of stones in various body parts, the demand for lithotripsy will rise which can drive the market. The lithotripsy method uses ultrasonic shock waves to break a large kidney stone into smaller pieces that can easily pass through the urinary bladder. With the increase in the geriatric population, the cases of urolithiasis will increase which can further accelerate the global market growth. However, increase in virtual clinics and telephonic consultancy, the number of outpatients has decreased which can hinder the market growth. The lack of skilled professionals, hospital beds, and anesthesia slots has created a substantial backlog in the treatment which can restrain the market growth. However, postoperative complications such as blood loss or internal bleeding can affect the growth of the market.


North-America Got Significant Share

Lithotripsy Devices Market

North America is dominating the global lithotripsy devices market size, due to the increasing prevalence of stone formation that leads to urolithiasis and the rising risk of end-stage renal disorders. Moreover, well-established laboratories for R&D, the presence of key players in this region, an increase in government funding, technologically advanced lithotripsy devices, and improved healthcare infrastructure have also attributed to the growth of the market in this region. In addition, Asia Pacific is one of the profitable regions and is generating new prospects for global players. This is mainly because of the increasing prevalence of urinary and renal stone diseases. Apart from this, the increasing geriatric population and government initiatives to improve the healthcare system, and technological advancements along with an increasing number of surgeries have created a demand for the use of lithotripsy devices in this region.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The lithotripsy devices market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Lithotripsy Devices Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The lithotripsy devices market is projected to expand at a CAGR of 4.7% during the forecast period

Boston Scientific Corporation, Lumenis, DirexGroup, Walz Elektronik GmbH, Medispec Ltd., Technomed Medical Systems, ELMED™ USA Medical Systems, Richard Wolf GmbH

North America is the fastest-growing region for lithotripsy devices market


Report

Table Of Content

1. Executive Summary
2. Global Lithotripsy Devices Market Introduction
2.1. Global Lithotripsy Devices Market – Taxonomy
2.2. Global Lithotripsy Devices Market –Definitions
2.2.1. Product Type
2.2.2. Modality
2.2.3. Application
2.2.4. End User
2.2.5. By Region
3. Global Lithotripsy Devices Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Lithotripsy Devices Market Dynamic Factors – Impact Analysis
3.6. Global Lithotripsy Devices Market – Competition Landscape
3.7. Epidemiology
4. Global Lithotripsy Devices Market Analysis, 2017-2021 and Forecast, 2022-2028
4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Lithotripsy Devices Market, By Product Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1. Extracorporeal Shock Wave Lithotripsy Devices
5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Intracorporeal Lithotripsy Devices
5.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Laser Lithotripsy devices
5.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Electrohydraulic Lithotripsy Devices
5.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
5.5. Ultrasonic Lithotripsy Devices
5.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.5.3. Market Opportunity Analysis
5.6. Mechanical Lithotripsy Devices
5.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.6.3. Market Opportunity Analysis
5.7. Others
5.7.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.7.3. Market Opportunity Analysis
6. Global Lithotripsy Devices Market, By Modality, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1. Standalone
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Portable
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Global Lithotripsy Devices Market, By Application, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1. Kidney Stones
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Pancreatic Stones
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Ureteral Stones
7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Bile Duct Stones
7.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Others
7.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
8. Global Lithotripsy Devices Market, By End User, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1. Hospitals
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Ambulatory Surgical Centers
8.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Others
8.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
9. Global Lithotripsy Devices Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Lithotripsy Devices Market – Opportunity Analysis Index, By Product Type, By Modality, By Application, By End User, and Region, 2022-2028
10. North America Lithotripsy Devices Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Extracorporeal Shock Wave Lithotripsy Devices
10.1.2. Intracorporeal Lithotripsy Devices
10.1.3. Laser Lithotripsy devices
10.1.4. Electrohydraulic Lithotripsy Devices
10.1.5. Ultrasonic Lithotripsy Devices
10.1.6. Mechanical Lithotripsy Devices
10.1.7. Others
10.2. Modality Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Standalone
10.2.2. Portable
10.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.3.1. Kidney Stones
10.3.2. Pancreatic Stones
10.3.3. Ureteral Stones
10.3.4. Bile Duct Stones
10.3.5. Others
10.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.4.1. Hospitals
10.4.2. Ambulatory Surgical Centers
10.4.3. Others
10.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. USA
10.5.2. Canada
10.6. North America Lithotripsy Devices Market – Opportunity Analysis Index, By Product Type, By Modality, By Application, By End User, and Country, 2022-2028
10.7. North America Lithotripsy Devices Market Dynamics – Trends
11. Europe Lithotripsy Devices Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
11.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Extracorporeal Shock Wave Lithotripsy Devices
11.1.2. Intracorporeal Lithotripsy Devices
11.1.3. Laser Lithotripsy devices
11.1.4. Electrohydraulic Lithotripsy Devices
11.1.5. Ultrasonic Lithotripsy Devices
11.1.6. Mechanical Lithotripsy Devices
11.1.7. Others
11.2. Modality Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Standalone
11.2.2. Portable
11.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.3.1. Medical Imaging
11.3.2. Nuclear Medicine
11.3.3. Radioprotection
11.3.4. Oil Exploration
11.3.5. Process Industry
11.3.6. Life Sciences
11.3.7. Others
11.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.4.1. Hospitals
11.4.2. Ambulatory Surgical Centers
11.4.3. Others
11.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Rest of Europe
11.6. Europe Lithotripsy Devices Market – Opportunity Analysis Index, By Product Type, By Modality, By Application, By End User, and Country, 2022-2028
11.7. Europe Lithotripsy Devices Market Dynamics – Trends
12. Asia-Pacific Lithotripsy Devices Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
12.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Extracorporeal Shock Wave Lithotripsy Devices
12.1.2. Intracorporeal Lithotripsy Devices
12.1.3. Laser Lithotripsy devices
12.1.4. Electrohydraulic Lithotripsy Devices
12.1.5. Ultrasonic Lithotripsy Devices
12.1.6. Mechanical Lithotripsy Devices
12.1.7. Others
12.2. Modality Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Standalone
12.2.2. Portable
12.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.3.1. Medical Imaging
12.3.2. Nuclear Medicine
12.3.3. Radioprotection
12.3.4. Oil Exploration
12.3.5. Process Industry
12.3.6. Life Sciences
12.3.7. Others
12.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.4.1. Hospitals
12.4.2. Ambulatory Surgical Centers
12.4.3. Others
12.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.5.1. China
12.5.2. India
12.5.3. Japan
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Asia-Pacific Lithotripsy Devices Market – Opportunity Analysis Index, By Product Type, By Modality, By Application, By End User, and Country, 2022-2028
12.7. Asia-Pacific Lithotripsy Devices Market Dynamics – Trends
13. Latin America Lithotripsy Devices Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
13.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Extracorporeal Shock Wave Lithotripsy Devices
13.1.2. Intracorporeal Lithotripsy Devices
13.1.3. Laser Lithotripsy devices
13.1.4. Electrohydraulic Lithotripsy Devices
13.1.5. Ultrasonic Lithotripsy Devices
13.1.6. Mechanical Lithotripsy Devices
13.1.7. Others
13.2. Modality Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Sodium Iodide
13.2.2. Cesium Iodide
13.2.3. Lutetium Oxyorthosilicate & Lutetium–Yttrium Oxyorthosilicate
13.2.4. Others
13.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.3.1. Medical Imaging
13.3.2. Nuclear Medicine
13.3.3. Radioprotection
13.3.4. Oil Exploration
13.3.5. Process Industry
13.3.6. Life Sciences
13.3.7. Others
13.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Hospitals
13.4.2. Ambulatory Surgical Centers
13.4.3. Others
13.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Rest of Latin America
13.6. Latin America Lithotripsy Devices Market – Opportunity Analysis Index, By Product Type, By Modality, By Application, By End User, and Country, 2022-2028
13.7. Latin America Lithotripsy Devices Market Dynamics – Trends
14. Middle East and Africa Lithotripsy Devices Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
14.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Extracorporeal Shock Wave Lithotripsy Devices
14.1.2. Intracorporeal Lithotripsy Devices
14.1.3. Laser Lithotripsy devices
14.1.4. Electrohydraulic Lithotripsy Devices
14.1.5. Ultrasonic Lithotripsy Devices
14.1.6. Mechanical Lithotripsy Devices
14.1.7. Others
14.2. Modality Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. Sodium Iodide
14.2.2. Cesium Iodide
14.2.3. Lutetium Oxyorthosilicate & Lutetium–Yttrium Oxyorthosilicate
14.2.4. Others
14.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. Medical Imaging
14.3.2. Nuclear Medicine
14.3.3. Radioprotection
14.3.4. Oil Exploration
14.3.5. Process Industry
14.3.6. Life Sciences
14.3.7. Others
14.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Hospitals
14.4.2. Ambulatory Surgical Centers
14.4.3. Others
14.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Gulf Cooperation Council (GCC) Countries
14.5.2. South Africa
14.5.3. Rest of MEA
14.6. MEA Lithotripsy Devices Market- Opportunity Analysis Index, By Product Type, By Modality, By Application, By End User, and Country, 2022-2028
14.7. MEA Lithotripsy Devices Market Dynamics – Trends
15. Competition Landscape 
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Key Product Types, Key Developments, Strategies, and SWOT Analysis)
15.2.1. Boston Scientific Corporation
15.2.2. Lumenis, DirexGroup
15.2.3. Walz Elektronik GmbH
15.2.4. Medispec Ltd.
15.2.5. Technomed Medical Systems
15.2.6. ELMED USA Medical Systems
15.2.7. Richard Wolf GmbH
15.2.8.  SODY Medical Equipment Co. Ltd.
15.2.9.  NOVAMEDTEK, STORZ MEDICAL AG
15.2.10.  Allengers
15.2.11.  MTS Medical UG
15.2.12.  Dornier MedTech GmbH
15.2.13. Electro Medical Systems (EMS)
15.2.14. Apex-MediTech
15.2.15. Olympus Corporation
15.2.16. Shockwave Medical Inc.
15.2.17. EDAP TMS
15.2.18. Siemens Medical Solutions USA, Inc.
16. Research Methodology
17. Key Assumptions and Acronyms

Report

Company Profile

  • Boston Scientific Corporation
  • Lumenis, DirexGroup
  • Walz Elektronik GmbH
  • Medispec Ltd.
  • Technomed Medical Systems
  • ELMED™ USA Medical Systems
  • Richard Wolf GmbH
  • SODY Medical Equipment Co. Ltd.
  • NOVAMEDTEK, STORZ MEDICAL AG
  • Allengers
  • MTS Medical UG
  • Dornier MedTech GmbH
  • Electro Medical Systems (EMS)
  • Apex-MediTech
  • Olympus Corporation
  • Shockwave Medical Inc.
  • EDAP TMS
  • Siemens Medical Solutions USA, Inc.

Description

Lithotripsy Devices Market size is expected to be valued at USD 1.5 billion in 2022 which is expected to grow at a CAGR of 4.7% over 2022-2028. Lithotripsy devices are defined as non-invasive medical procedure 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 also 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 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.

 

Recent 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® III, a powerful lithotripsy device that uses extracorporeal shock waves technology.

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