Lithotripsy Device Market 2021 Precise Outlook – EDAP TMS, Boston Scientific Corporation, Olympus Corporation, Accuron and DirexGroup

Lithotripsy Device Market Research Report provides detailed analysis of Growth Factors of the market as well as it gives analysis of the Market size, Latest trends, SWOT Analysis by Regions and Forecasted market research data until 2025. The Lithotripsy Device market report has studied key opportunities in the market and influencing factor which is useful to the business. The report also maps the qualitative and quantitative impact of various market factors like macro-economic indicators, PPP, Epidemiological data, Insurance scenario and patent and IP information, Government Policies and business regulations along with market attractiveness as per segments.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Lithotripsy Device Market: EDAP TMS, Boston Scientific Corporation, Olympus Corporation, Accuron and DirexGroup among others

Lithotripsy Device Market Overview:

Lithotripsy devises market is primarily driven by the growing burden of kidney diseases and advancements in device technologies coupled with rising awareness. Urolithiasis is a common urologic problem and it poses a significant burden on the healthcare system, globally. It is associated with an increased risk of end-stage renal failure, which is driving the demand for lithotripsy devices.

The National Health and Nutrition Examination Survey (NHANES) 2017 indicates that the prevalence of urolithiasis has increased over the last three decades, in the United States. This turns out to be a significant projected economic burden, with an additional USD 1.24 billion per year expenditure estimated by 2030. Thus, the increasing global prevalence of urolithiasis necessitates safe, efficacious, and affordable treatment for urolithiasis.

Over the years, lithotripsy has become the most preferred method for the treatment of kidney stones. This has largely been due to the advantage of its relative safety, low cost, less recovery time, and positive patient outcomes. Thus, all these factors are responsible for driving the growth of the lithotripsy devices market.

However, availability of alternative treatments and side effects associated with lithotripsy are projected to hinder the market growth over the forecast period.

Extracorporeal Shock Wave Lithotripsy (ESWL) Devices is Expected to Have Significant Share

- Extracorporeal shock wave lithotripsy is a technique for treating stones in the kidney and ureter that does not require surgery. Instead, high energy shock waves are passed through the body and used to break stones into pieces as small as grains of sand.
- Extracorporeal shock wave lithotripsy (ESWL) system is one of the highly-preferred treatment modalities. Furthermore, ESWL is noninvasive, which means that there is no need to perform any open surgery.
- Generally, this procedure is safe and less time-consuming, it takes only 45 minutes to perform. The growing demand for noninvasive procedures is leading to the adoption of ESWL.
- However, on the other hand, intracorporeal lithotripsy devices are also projected to register a notable growth rate wing to new product launches and advancements in laser technologies.
- For instance, in July 2018, Dornier MedTech introduced the new laser portfolio and the most-powerful urological laser for stone lithotripsy in Singapore. Furthermore, growing kidney related disorders coupled with rising awareness across the globe likely to agument the market growth over the forecast period.

North America Holds the Largest Share of the Lithotripsy Device Market

North America lithotripsy devices market is projected to have significant market growth over the forecast period. The National Health and Nutrition Examination Survey (NHANES) 2017, indicates that the prevalence of urolithiasis has increased over the last three decades in the US. This turns out to be a significant projected economic burden, with an additional USD 1.24 billion per year expenditure

Similarly, according to the National Chronic Kidney Disease Fact Sheet from 2017, there are around 30 million people or 15% of the United States adults that are estimated to have chronic kidney disease.

During the forecast period, the region's share of the global market is likely to grow significantly, owing to the high prevalence and the treatments of kidney stone disease in the United States. In addition, product launches, acquisition and collaborations are expected to promote the regional market.

Competitive Landscape

The lithotripsy device market consists of several major players. The companies are implementing certain strategic initiatives, such as mergers, new product launches, acquisitions, and partnerships, which help them strengthen their market positions. For instance, Dornier MedTech started in May 2018, with a new lithotripter system, Dornier Delta III and SmartLitho.

Furthermore, companies also focusing on the widening applications of lithotripsy devices to strengthen their market over the forecast period. For instance, In January 2019, Shockwave Medical has launched a U.S. pivotal trial for its coronary lithotripsy device, which is designed to prepare heavily calcified coronary lesions for stenting. The technology uses sonic pressure waves to fracture intimal and medial calcium without damaging arterial tissue.

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With tables and figures helping analyze Lithotripsy Device Industry, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the industry.    

Geographically, the 114 pages report includes the research on production, consumption, revenue, market share and growth rate, and forecast (2015-2026) of the following regions:
United States
Europe (Germany, UK, France, Italy, Spain, Russia, Poland)
China
Japan
India
Southeast Asia (Malaysia, Singapore, Philippines, Indonesia, Thailand, Vietnam)
Central and South America (Brazil, Mexico, Colombia)
Middle East and Africa (Saudi Arabia, United Arab Emirates, Turkey, Egypt, South Africa, Nigeria)

Influence Of The Lithotripsy Device Market Report:

-Comprehensive assessment of all opportunities and risk in the Lithotripsy Device market.

- Lithotripsy Device market recent innovations and major events.

-A detailed study of business strategies for growth of the Lithotripsy Device market-leading players.

-Conclusive study about the growth plot of Lithotripsy Device market for forthcoming years.

-In-depth understanding of Lithotripsy Device market-particular drivers, constraints and major micro markets.

-Favorable impression inside vital technological and market latest trends striking the Lithotripsy Device market.

Key Points of Lithotripsy Device Market Table of Contents:

-Market Overview: The report begins with this section where a product overview and key content on the product and application segments of the Lithotripsy Device market are provided. The highlights of the segmentation study include price, revenue, sales, sales growth rate, and market share by product.

-Competition by company: Here we analyze the competition of the global Lithotripsy Device market, by company price, revenue, sales and market share, market share, competitive landscape, and latest trends, mergers, expansions, acquisitions, and market share of top companies.

-Company Profile and Sales Data: As the name suggests, this section provides sales data and useful information about the business of key players in the global Lithotripsy Device market. It describes the key businesses of gross margin, price, revenue, products and specifications, types, applications, competitors, manufacturing base, and key players operating in the global Lithotripsy Device market.

-Market Forecast: Here the report provides a full forecast for the global Lithotripsy Device market by product, application, and region. It also provides global sales and revenue forecasts for all years in the forecast period.

-Research Results and Conclusion: One of the last sections of the report where analyst findings and findings are provided.

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