Press release
Burgeoning Prevalence of Urolithiasis Anticipated to Create Massive Demand for Lithotripsy Devices during 2018 to 2026, reports FactMR
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Based on this smart FactMR report, the lithotripsy devices market is likely to acquire pace at 4.3% CAGR during 2018-2026. Furthermore, the target market is anticipated to deliver a value of US$ 1,095.2 MN by the end of the forecast period. The research study reveals that lithotripsy has become the most ideal way of treating kidney stones, due to myriad benefits of lithotripsy devices including low cost, negligible recovery time, relative safety and positive outcomes. Additionally, lithotripsy devices market players are now shifting their attention as well as efforts towards the manufacturing of innovative lithotripsy devices with an aim to intensify their market status and strengthen product offerings.
Heaving Prevalence of Urolithiasis Expected to Motivate Sales of Lithotripsy Devices
In this present time, Urolithiasis has emerged as a widespread urologic issue that constitutes significant burden on the healthcare system at the global level. Furthermore, based on this assessment urolithiasis has been associated to an increased threat of end-stage renal failure, which has positively augmented the demand for lithotripsy devices. In addition, the growing prevalence of kidney stones is majorly controlling the development of lithotripsy devices market during the coming years. It has been observed that rapidly progressing technology and diverse extracorporeal shock wave lithotripsy techniques are projected to function as primary market drivers in the lithotripsy devices market.
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Europe to Emerge as Leading Marketplace Owing to the Presence of Key Manufacturers
Considering the regional bifurcation, Europe is visualized to govern lithotripsy devices market in the near future. According to estimated statistics, it is projected that Europe will acquire close to US$ 307.5 MN by the end of 2026. This development is majorly due to the existence of leading market players in the target region. Besides, Asia-Pacific excluding China (APEC) is steadily trailing Europe to deliver promising growth in the overall lithotripsy devices market. This particular region is anticipated to account for second largest value share as a result of increasing liability of chronic diseases in lineup with the evolving healthcare infrastructure in the region.
Competitive Scenario
As the research study concludes, readers can access a meticulously prepared outlook focusing on the competitive scenario prevailing in the global lithotripsy devices market. The availability of key players functioning in the concerned market is highlighted with several aspects such as sales footprint, growth strategy, production footprint, and application portfolio. The major players included in the report are Siemens AG, C.R. Bard, Inc., Dornier MedTech, Lumenis, STORZ Medical, ms Westfalia, Olympus America, Elmed Medical Systems, Direx Group, MTS medical, Walz Elektronik, Medispec Ltd., GEMSS Co., Ltd., Richard Wolf, Inceler Medikal, Allenger, Jena Med Tech GmbH, EMS Electro Medical Systems, Novamedtek, Walz Elektronik GmbH, EDAP TMS, Boston Scientific Corporation, Cook Medical, Beijing SODY Medical Equipment Co., Ltd. and Apex-MediTech.
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FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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