Lithotripsy Devices market will see an impressive year on year growth from 2017 to 2023Market - Forecasts from 2018 to 2023” covers an in-depth analysis of the market on the basis of application, end user and geography. The report also covers the country level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2018-2023. The report has segmented the Lithotripsy Devices market by application (kidney stones, urethral stones, pancreatic stones), end user (hospitals, ambulatory surgical centers, other end users) and geography (North America, South America, Europe, Middle East, and Africa, Asia Pacific). Lithotripsy devices are considered as an effective and less invasive method for breaking up stones in the Kidney, pancreas, urethral or bladder. Increasing incidence of Urolithiasis around the globe is expected to be the prime driver for the growth of the market during the forecast period. In addition, technological advancement in lithotripsy devices is further expected to propel the market growth opportunities in the coming years. However, preference towards other alternatives and the adverse effect of lithotripsy are expected to restrain the growth of the market.
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By end users, hospitals segment is showing an impressive year-on-year increase, and this trend is expected to continue over our forecast period.
By end users, hospitals segment is estimated to account significant market share and is expected to grow rapidly during the forecast period on account of increasing surgical procedures performed in the hospitals. In addition, an increasing number of hospitals couple with increasing healthcare expenditure is further anticipated to fuel the demand for devices in the coming future.
North America region is expected to account for a significant share in the market.
North America lithotripsy devices market is estimated to have a significant share in terms of both value and volume in the global market, and the region is further anticipated to grow during the forecast period on account of early adoption of technology in the region. In addition, increasing prevalence of kidney stones is anticipated to drive the market in the region. Furthermore, established healthcare infrastructure couple with increasing technological advancement is further expected to boost the demand in the coming years.
Some of the major industry players profiled as part of the report are Direxgroup, Dornier Medtech, Novamedtek, Storz Medical AG, Olympus, Boston Scientific, Medispec and Apex-MediTech among others.
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.
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