Lithotripsy System Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.5 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The lithotripsy system market has experienced significant growth in recent years, driven by technological advancements, an increasing prevalence of kidney stones, and a growing preference for minimally invasive procedures. This article delves into the key market insights, trends, and future projections for the lithotripsy system market, providing a comprehensive overview of its current state and future potential.
Lithotripsy refers to a medical procedure that utilizes shock waves to break down kidney stones into smaller fragments, facilitating their passage through the urinary tract. This non-invasive technique has become a preferred treatment option due to its effectiveness and reduced recovery time compared to traditional surgical methods.
The global lithotripsy devices market was valued at approximately USD 1.20 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.40% from 2023 to 2030. This growth is primarily attributed to the rising incidence of kidney stones and the increasing demand for non-invasive treatment options.
Increasing Prevalence of Kidney Stones: The global rise in kidney stone cases is a significant driver of the lithotripsy market. Factors such as dietary habits, lifestyle changes, and higher obesity rates contribute to this increase.
Technological Advancements: Innovations in lithotripsy devices, including improved shock wave generation and enhanced imaging techniques, have made procedures more effective and patient-friendly.
Preference for Minimally Invasive Procedures: Patients and healthcare providers are increasingly opting for non-invasive treatments like lithotripsy due to shorter recovery times and reduced risk of complications.
The lithotripsy system market can be segmented based on type, application, and end-user:
By Type:
Extracorporeal Shock Wave Lithotripsy (ESWL): The most common type, utilizing shock waves generated outside the body to break kidney stones.
Intracorporeal Lithotripsy: Involves the use of endoscopic techniques to deliver shock waves directly to the stone within the body.
By Application:
Kidney Stones: The primary application, accounting for the majority of procedures.
Ureteral Stones: Stones located in the ureter, treated using similar lithotripsy techniques.
Pancreatic Stones: Less common, but lithotripsy is used in certain cases.
Bile Duct Stones: Treated using specialized lithotripsy procedures.
By End-User:
Hospitals: The largest segment, providing comprehensive treatment options.
Ambulatory Surgical Centers: Growing in popularity due to cost-effectiveness and convenience.
Other End-Users: Includes specialized clinics and research institutions.
Geographically, North America currently holds the largest market share, driven by advanced healthcare infrastructure and high adoption rates of lithotripsy procedures. However, the Asia-Pacific region is expected to exhibit the highest CAGR during the forecast period, attributed to improving healthcare facilities and increasing awareness of kidney stone treatments.
The lithotripsy system market is characterized by the presence of several key players, including:
Boston Scientific Corporation: Recently acquired Bolt Medical, a company specializing in intravascular lithotripsy, for up to $900 million, enhancing its portfolio in coronary artery disease treatments.
Siemens AG: A leading manufacturer of medical devices, including lithotripsy systems.
Becton Dickinson and Company: Offers a range of lithotripsy devices catering to various medical needs.
Cook Medical LLC: Provides innovative solutions in the field of lithotripsy.
Shockwave Medical Inc.: Specializes in intravascular lithotripsy technologies.
Lumenis Ltd.: Known for its advanced laser-based lithotripsy systems.
EDAP TMS S.A.: Offers high-intensity focused ultrasound (HIFU) lithotripsy devices.
Dornier MedTech GmbH: A pioneer in shock wave lithotripsy technology.
Electro Medical Systems S.A.: Provides a range of lithotripsy equipment for various applications.
Allengers Medical Systems Limited: Offers cost-effective lithotr
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Boston Scientific
Olympus
Dornier
Siemens
ShockWave Medical
Lumenis
MTS Medical
Allengers
Elmed Medical Systems
Comermy Nanyang Medical Instrument
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Lithotripsy System Market
Kidney Stones
Biliary Calculi
Salivary Stones
Pancreatic Stones
Others
Based on Types the Market is categorized into Below types that held the largest Lithotripsy System market share In 2023.
Shock Wave Lithotripsy
Laser Lithotripsy
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Lithotripsy System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Lithotripsy System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Lithotripsy System Market, By Type
6. Global Lithotripsy System Market, By Application
7. Global Lithotripsy System Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Lithotripsy System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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