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.
As we look forward to 2023 and beyond, the Lithotripsy System market is expected to witness even more rapid growth, driven by several factors. The demand for lithotripsy devices is projected to increase as healthcare systems continue to focus on enhancing patient outcomes with less invasive treatments. Innovations in technology are expected to propel this growth, including the integration of artificial intelligence for more precise stone targeting and enhanced energy delivery. Additionally, the global rise in chronic diseases, coupled with lifestyle factors such as unhealthy diets and sedentary lifestyles, is likely to increase kidney stone prevalence, further boosting the demand for lithotripsy treatments. Market players are also focusing on expanding their product portfolios to cater to a broader patient base, from pediatric to geriatric populations, which will play a key role in the future market dynamics.
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The Lithotripsy System market from 2018 to 2022 experienced steady growth due to increasing incidences of kidney stones and advancements in non-invasive medical technologies. Lithotripsy, the procedure that uses sound waves to break down kidney stones, is a preferred treatment due to its minimal invasiveness and efficiency. During this period, the market saw significant investments in improving the precision and effectiveness of lithotripsy equipment. The global expansion of healthcare infrastructure, particularly in emerging economies, further contributed to the market’s expansion. According to industry reports, the demand for extracorporeal shock wave lithotripsy (ESWL) systems surged as it became a first-line treatment for renal stones in hospitals and specialized clinics. In particular, the rise in awareness about kidney stone prevention and management fueled demand for more sophisticated and user-friendly lithotripsy systems, which were in high demand by 2022.
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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