Extracorporeal Lithotripsy Systems Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

The global extracorporeal lithotripsy systems market is predicted to value over US$ 1.5 billion by the end of 2026 and grow at a CAGR of over 4% during the forecast period of 2019-2026.

Having a lifestyle full of stress and strain combined with chronic dehydration are some of the major causes for the formation of kidney stones. Kidney stone occurs to 1 in 20 people at some point in their life. The process of forming stones in the bladder, kidney, and/or urethra is called urolithiasis and the procure to break the formation of kidney stones is called lithotripsy. A non-invasive treatment of kidney stones present in the upper urinary tract is called extracorporeal lithotripsy. In this treatment, shock waves, which are pulses of energy, to breakdown stones present in the kidney and upper urinary tract. These shock waves are produced and focused onto the stones using the guidance of x-rays and ultrasonic rays. The shock waves then pass through the skin and shatter the kidney stone into tiny fragments, which will pass through urine later on. This is a very patient-friendly treatment as it does not require any endoscopic procedures or surgical interventions. This advantage has led to a rise in growth of the extracorporeal lithotripsy system market across the world.

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Insights on the Global Extracorporeal Lithotripsy Systems Market:
By region
• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the world
North America dominates the global market due to well-established reimbursement policies and high spending capacity of the patient population. It is followed by Europe due to a higher population awareness. But the North American and European regions are expected to be slow- growing regions in the world market due to the high intensity of manufacturers. Asia Pacific region is expected to show rapid growth in the market during the forecast period due to the adoption of advanced technologies. Rest of the World is expected to account a smaller fraction in the global market and is expected to show a significant rise during the forecast period.

By Energy Source
• Electrohydraulic
• Piezoelectric
• Electromagnetic
Electrohydraulic Lithotripsy (EHL) is mainly used in the fragmentation of difficult pancreatic duct and bile stones. It is an endoscopic process and that is one of the major reasons it is expected to see a slow rise in market regions dominated by middle-class population. The piezoelectric technique has additional advantages like reduced used of anaesthesia and coupling mechanisms and therefore it is expected to witness rapid growth during the forecast period. The Electromagnetic Lithotripsy (EML) has a higher retreatment rate and thus, in turn, a lower success rate which is expected to hamper its global market growth especially in emerging economies during the forecast period.

By End User
• Hospitals
• Outpatient centres
The outpatient centre segment is expected to show accelerated growth in the global market during the forecast period as compared to hospitals due to a lower infrastructural cost, reimbursement, ease of access, cash flow. This trend would be commonly observed in countries like India where the middle-class population is on a rise.
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Key Players
• Siemens AG
• Medispec Inc.
• Olympus Corp.
• Boston Scientific Corp.
• Direx Group

FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth

Objectives of the Study:
• To provide with an exhaustive analysis on the global extracorporeal lithotripsy market by region, by energy source, by end user, by market players
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and rest of the world
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies

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