Lithotripsy Market Rigorous Period of 2023 - Boston Scientific, Olympus Corporation, Siemens Healthcare GmbH, Medispec LTD Etc.

Market Research Future (MRFR) in its recently published study report asserts that the Global Lithotripsy Market, growing further, will register a growth of USD 524.9 Mn. By 2023 with over 4% CAGR from 2017 to 2023.

Global Lithotripsy Market – Competitive Landscape

The Global Lithotripsy Market is fiercely competitive with the presence of several large and small players forming the competitive landscape in the market. These market players acquire promising companies to expand in the fast-growing markets, focusing on improving their market performance. The structure of the market is changing due to the acquisition of local manufactures by the multinational companies. Strategies like product innovations and technologies are creating strong investment opportunities for the market players.

Global Lithotripsy Market – Key Players

Some of the fervent key players driving the market include DIREX, S.L. (Spain), Boston Scientific (US), Dornier MedTech. (Germany), Elmed Electronics & Medical Industry & Trade Inc. (Turkey), EDAP TMS (France), Jena Med Tech GmbH (Germany), Olympus Corporation (Japan), Medispec LTD (US), Siemens Healthcare GmbH (Germany), and STORZ MEDICAL AG (Switzerland)

Industry, Innovation & Related News

April 23, 2018 — Shockwave Medical, Inc. (US), a pioneer in the treatment of calcified cardiovascular disease, announced CE Mark and European commercial availability of the Shockwave S4 Peripheral Intravascular Lithotripsy (IVL) Catheter. Intravascular Lithotripsy is an innovative therapy designed to treat calcified leg artery blockages with lithotripsy - sonic pressure waves historically used to treat patients with kidney stones.

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Lithotripsy Market - Overview

The Global Lithotripsy Market is growing rapidly, gaining colossal prominence owing to the augmenting prevalence of kidney stones. Attributing to the technological advancements transpired in the medical science, the market has grown exponentially, witnessing the emergence of novel treatment procedures, medications & surgeries.

Additional factors such as growing population and urbanization worldwide are fostering the market growth. Improving economic conditions that enable access to the quality life & the improved healthcare worldwide are providing impetus to the market growth. Seminal efforts &investments put in the field to bring betterment in the therapy, by the key market players are paying off well, fostering the market growth. Simultaneously, government initiatives are playing a vital role in encouraging the market growth.

On the other hand, factors such as low awareness among people about the availability of this treatment, the high cost involved in Lithotripsy along with the skepticism of physicians towards the advancement & efficacies of this treatment, are likely to impede the growth of the Lithotripsy market.

Lithotripsy Market - Segmentation

The MRFR analysis is segmented into three key dynamics;

By Types: Extracorporeal shock wave lithotripsy (ESWL), Intracorporeal (Endoscopic Lithotripsy, Laser Lithotripsy, Electrohydraulic Lithotripsy, Mechanical Lithotripsy, and Ultrasonic Lithotripsy.), and Percutaneous lithotripsy, among others.

By End-Users: Hospitals and clinics, Research laboratories, and Academic Institutes, among others.

By Regions: North America, Europe, APAC and the Rest-of-the-World.

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Lithotripsy Market - Regional Analysis

Considering the global scenario of the lithotripsy market, Americas is holding largest market share in global lithotripsy market in 2016. While the European market is second largest market and Western Europe region is the growing with the fastest rate and accounts largest share in European market due to rising healthcare expenditure and increasing awareness for the new products and therapies. On the other hand, Asia-Pacific region will be fastest growing market for lithotripsy during the forecast period. Middle East and Africa is expected to grow at steady pace during the forecast period.

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This release was published on openPR.