Lithotripsy devices are essential medical tools used to treat kidney stones, a common urinary tract condition. They employ focused shockwaves or laser technology to fragment kidney stones into smaller pieces, facilitating their natural passage through urine. These devices offer non-invasive and precise treatment, reducing the need for traditional surgery. They are instrumental in relieving pain, preventing complications, and improving the quality of life for patients suffering from kidney stones.
According to Data Bridge Market Research, the Global Lithotripsy Devices Market is expected to grow with a CAGR of 6.70% in the forecast period of 2022 to 2029.
“Increasing geriatric population worldwide boosts the market’s growth”
The lithotripsy devices market is experiencing growth due to the increasing geriatric population worldwide. Elderly individuals are more susceptible to kidney stones and related urinary tract issues. Lithotripsy devices, which use non-invasive shock waves to break down kidney stones, are in higher demand for treating this demographic. This growing patient population has resulted in greater adoption of lithotripsy technology, driving market expansion as healthcare providers seek effective and minimally invasive solutions to address kidney stone-related health concerns in older adults.
What restraints the growth of the global lithotripsy devices market?
“Diverse surgical treatments for conditions such as pancreatic stones restraints the market’s growth”
The lithotripsy devices market faces constraints related to diverse surgical treatments for conditions such as pancreatic stones. In some cases, surgical procedures other than lithotripsy may be preferred or necessary, limiting the market's growth potential. Pancreatic stones can require a range of interventions, and the choice of treatment method depends on factors such as stone size, location, and patient condition. This diversity in surgical approaches can hinder the widespread adoption of lithotripsy devices for certain conditions, impacting market expansion.
Segmentation: Global Lithotripsy Devices Market
The global lithotripsy devices market is segmented on the basis of type, modality, application, and end user.
- On the basis of type, the lithotripsy devices market is segmented into intracorporeal lithotripsy and extracorporeal shock wave lithotripsy (ESWL).
- On the basis of modality, the lithotripsy devices market is segmented into standalone and portable.
- On the basis of application, the lithotripsy devices market is segmented into kidney stone, pancreatic stones, ureteral stones, and bile duct stone.
- On the basis of end user in hospitals, ambulatory surgical centers and other.
Regional Insights: North America dominates the Global Lithotripsy Devices Market
North America dominates the market due to the high prevalence of kidney stones in the region and the significant number of surgeries conducted annually. Kidney stones are a common condition requiring surgical intervention, and as such, the demand for lithotripsy devices remains robust, particularly in regions with a higher incidence of this condition.
Asia-Pacific, on the other hand, is expected to show a rapid and lucrative growth rate in the forecast period due to a growing population and advancements in medical technology. Additionally, there is an increasing number of surgeries being performed, particularly for conditions such as kidney stones, driving the demand for lithotripsy devices that offer effective non-invasive treatment options.
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The Prominent Key Players Operating in the Global Lithotripsy Devices Market Include:
- Richard Wolf GmbH (U.S.)
- DirexGroup (U.S.)
- Medispec (U.S.)
- BD (Becton, Dickinson and Company) (U.S.)
- KARL STORZ SE & Co. KG (Germany)
- Lumenis Be Ltd. (Israel)
- Verdict Media Limited (U.K.)
- Dornier MedTech (U.S.)
- Siemens (Germany)
- Abaxis (U.S.)
- Hologic Inc. (U.S.)
- Bio-Rad Laboratories Inc. (U.S.)
- Enzo Biochem Inc. (U.S.)
- Trivitron Healthcare (India)
- Shenzhen New Industries Biomedical Engineering Co., Ltd. (China)
- Sinduri Biotec (South Korea)
- STORZ MEDICAL AG (Switzerland)
- DirexGroup (U.S.)
- Boston Scientific Corporation (U.S.)
- Olympus Corporation (Japan)
- MEDISPEC (U.S.)
- Walz Elektronik GmbH (Germany)
Above are the key players covered in the report, to know about more and exhaustive list of global lithotripsy devices market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Lithotripsy Devices Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
