Global Lithotripsy Devices Market was valued at USD 1.44 billion in 2021

The Global Lithotripsy Devices Market was valued at USD 1.44 billion in 2021, growing at a CAGR of 4.35% during the forecast period from 2022 to 2027, to reach USD 1.87 billion by 2027. The Lithotripsy Devices market is expected to witness growth owing to the rising prevalence of urolithiasis, technological advancements in product development, increased risk of end-stage renal Artificial Intelligencelure, raising awareness for the procedure, and the growing geriatric population.

Some of the key market players operating in the Global Lithotripsy Devices Market include Boston Scientific Corporation, Walz Elektronik GmbH, Lumenis, DirexGroup, Medispec Ltd., Richard Wolf GmbH, Technomed Medical Systems, ELMED™ USA Medical Systems, SODY Medical Equipment Co. Ltd., NOVAMEDTEK, STORZ MEDICAL AG, Allengers, Dornier MedTech GmbH, MTS Medical UG, Electro Medical Systems (EMS), Apex-MediTech, Siemens Medical Solutions USA, Inc., Olympus Corporation, Shockwave Medical Inc., EDAP TMS among others.

Key Takeaways from the Lithotripsy Devices Market Report
• In March 2021, Boston Scientific acquired Lumenis in a $1.07 billion deal. With this acquisition, Boston Scientific has strengthened its product portfolio for the Lithotripsy devices market. This will further add to the growth of the Global Lithotripsy devices market.
• In March 2021, Dornier MedTech GmbH became the world's first integrated urology company to be certified by the European Union's Medical Device Regulation (MDR). Dornier achieved the certification for its Class IIb products: Dornier Delta® III, one of the most powerful lithotripters that utilize Dornier's Extracorporeal Shock Wave Lithotripsy (ESWL) technology; and the Dornier UIMS™, a state-of-the-art information management software providing enhanced imaging and efficiency to support clinicians in treating kidney stones.

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Lithotripsy Devices Overview
Lithotripsy Devices are medical devices that involve the administration of a series of shock waves to the stones. The shock waves are generated by a machine called a lithotripter, which is focused by x-ray onto the kidney stone.

Lithotripsy Devices Market Dynamics
Lithotripsy Devices Market has significantly increased owing to the rising prevalence of urolithiasis among the general population. As per the British Association of Urological Surgeons 2021, Kidney stones are common. Patients undergoing a CT scan have an 8% chance of having kidney stones and its incidence has been steadily increasing since the early 20th century. Moreover, 1 in 11 people (9%) will get stone symptoms during their lifetime. Men are affected slightly more often than women. Patients of all ages suffer from stones, but the peak age for a first stone is around the age of 45.

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COVID19 Impact on the Lithotripsy Devices Market
The outbreak of the COVID-19 pandemic caused a significant decrease in emergency department visits. Moreover, there was a delay in outpatient clinic appointments which pushed the need towards virtual or telephone clinics. Due to a lack of in-hospital beds, anesthesia or procedural slots, and healthcare professionals, these changes created a significant backlog in the treatment, thereby creating a negative impact on the Global Lithotripsy Devices market. However, certArtificial Intelligencen factors like blood loss during internal bleeding and the adverse effects of postoperative complications may restrict the growth of the Global Lithotripsy Devices Market.

Lithotripsy Devices Treatment Market: Method
This treatment method is chosen by a majority of the patient and physician population. ESWL is suited for small stones as well as certArtificial Intelligencen stones present in the upper portion of the ureter. Moreover, multiple stones can also be treated with ESWL. Therefore, it is expected that with such advantages offered by the Extracorporeal Shock Wave Lithotripsy Devices this technology is expected to increase its penetration in coming years, thus this will drive the segment to grow during the forecast period, which will have a positive impact on the overall Global Lithotripsy Devices Market growth.

Key Takeaways from the Lithotripsy Devices Market Report Study
• Market size analysis for current market size (2021), and market forecast for 5 years (2022-2027)
• The effect of the COVID-19 pandemic on this market is significant. To capture and analyze suitable indicators, our experts are closely watching the Lithotripsy Devices market.
• Top key product/services/technology developments, merger, acquisition, partnership, joint venture happened for last 3 years
• Key companies dominating the Global Lithotripsy Devices Market.
• Various opportunities are avArtificial Intelligencelable for the other competitor in the Lithotripsy Devices Market space.
• What are the top-performing segments in 2021? How these segments will perform in 2027?
• Which are the top-performing regions and countries in the current market scenario?
• Which are the regions and countries where companies should have concentrated on opportunities for Lithotripsy Devices market growth in the coming future?

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North America is expected to dominate the overall Global Lithotripsy Devices Market
North America is expected to dominate the overall Lithotripsy Devices market during the forecast period. This domination is owing to the rising prevalence of stone formations causing urolithiasis and increased risk of end-stage renal disease among the population. As per the Canadian Urological Association guidelines 2021, globally, the prevalence of urolithiasis is steadily increasing, and though some regional variability exists, contemporary estimates report up to 10-12% of men and 7-8% of women now suffer from nephrolithiasis. Moreover, according to the US Department of Health and Human Services 2021, end-stage renal disease (ESRD) is a significant public health problem in the United States and a major source of suffering and poor quality of life for those afflicted.

Scope of the Lithotripsy Devices Market Report
• Study Period- 2019-2027
• Lithotripsy Devices Market By Type (Extracorporeal Shock Wave Lithotripsy Devices, Intracorporeal Lithotripsy Devices, Others)
• Lithotripsy Devices Market By Application (Kidney Stones, Pancreatic Stones, Ureteral Stones, Others),
• Lithotripsy Devices Market By End-User (Hospitals, Ambulatory Surgical Centers, Others),
• Lithotripsy Devices Market By Geography (North America, Europe, Asia-Pacific, and Rest of the World)
• Lithotripsy Devices Market Companies- Boston Scientific Corporation, Walz Elektronik GmbH, Lumenis, DirexGroup, Medispec Ltd., Richard Wolf GmbH, Technomed Medical Systems, ELMED™ USA Medical Systems, SODY Medical Equipment Co. Ltd., NOVAMEDTEK, STORZ MEDICAL AG, Allengers, Dornier MedTech GmbH, MTS Medical UG, Electro Medical Systems (EMS), Apex-MediTech, Siemens Medical Solutions USA, Inc., Olympus Corporation, Shockwave Medical Inc., EDAP TMS among others.

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Table of content
1. Lithotripsy Devices Market Report Introduction
2. Lithotripsy Devices Market Executive summary
3. Regulatory and Patent Analysis
4. Lithotripsy Devices Market Key factors analysis
5. Lithotripsy Devices Porter's Five Forces Analysis
6. COVID-19 Impact Analysis on Lithotripsy Devices Market
7. Lithotripsy Devices Market layout
8. Lithotripsy Devices Global Company Share Analysis - Key 3-5 Companies
9. Lithotripsy Devices Company and Product Profiles
10. Project Approach
11. KOL Views
12. DelveInsight Capabilities
13. DisclArtificial Intelligencemer
14. About DelveInsight

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