Recent Updates on Lithotripsy Devices Market to 2023 - Report on Company Profiles, Analysis and Growth Forecast

Geographically, the lithotripsy devices market was dominated by North America, followed by Europe, in 2017. However, Asia is expected to register the highest CAGR during the forecast period. Growth in this region can be attributed to the developing healthcare infrastructure, rising burden of chronic diseases, and increasing initiatives to promote the use of lithotripsy devices.

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The global lithotripsy devices market is expected to reach USD 1.76 billion by 2023 from USD 1.41 billion in 2018, at a CAGR of 4.5%. Factors driving growth of this market include increasing incidence of urolithiasis and technological advancements in lithotripsy devices. On other hand, unfavourable healthcare reforms in US & adverse effects associated with lithotripsy & availability of alternative treatments for stone removal are expected to restrain growth of market during forecast period.

The objectives of this study are as follows:
• To define, describe, and forecast the lithotripsy devices market by type, application, end user, and region
• To forecast revenue of the market segments with respect to four main regional segments, namely, North America, Europe, Asia, and the Rest of the World (RoW)
• To identify the micromarkets with respect to drivers, restraints, industry-specific challenges, opportunities, and trends affecting the growth of the market
• To analyze market segments and subsegments with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
• To profile the key players and comprehensively analyze their market shares and core competencies in terms of market developments and growth strategies
• To track and analyze competitive developments such as partnerships, agreements, collaborations, and joint ventures; mergers and acquisitions; product launches; and research and development activities in the market

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The key players in the lithotripsy devices market include Siemens AG (Germany), Boston Scientific (US), Dornier MedTech (Germany), Olympus America (Japan), DirexGroup (Germany), and Richard Wolf (Germany).

The primary interviews conducted for this report can be categorized as follows:
• By Company Type - Tier 1 – 70% and Tier 2 – 30%
• By Designation – C-level – 62%, Director-level – 21%, Others – 17%
• By Region – North America –50%, Asia– 30%,Europe – 20%

The lithotripsy devices market is categorized into extracorporeal shock wave lithotripsy (ESWL) devices and intracorporeal lithotripsy devices. In 2017, the intracorporeal lithotripsy devices segment is expected to register the highest CAGR during the forecast period. “The extra corporeal lithotripsy devices segment is anticipated to grow at the fastest growth rate during the forecast period.”

More Information “Lithotripsy Devices Market by Type (ESWL, Intracorporal (Laser, Electrohydraulic, Mechanical, Ultrasonic Lithotripsy)), Application (Kidney, Ureteral, Bile Duct & Pancreatic Stones), End User (Hospital), Procedures - Global Forecast to 2023” report at https://www.reportsnreports.com/purchase.aspx?name=1528585 .

The global lithotripsy devices market is segmented on the basis of type, application, end user, and regions. By type, the lithotripsy devices market is segmented into extracorporeal shock wave lithotripsy (ESWL) devices and intracorporeal lithotripsy devices.

The report analyses the lithotripsy devices market by type, application, end user, and region.Apart from a comprehensive geographic product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years. In addition, the company profiles include the product portfolios, developments, and strategies adopted by prominent market players to maintain and increase their shares in the market.

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This release was published on openPR.