Press release
Lithotripsy Devices Market Size, Share Analysis, Growth, Trends And Industry Forecast 2023-2032 | Siemens AG, Becton Dickinson and Company, Boston Scientific Corporation, Cook Medical LLC, Shockwave Medical Inc.,
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Lithotripsy Devices Global Market Report 2023 identifies the growing geriatric population across the globe as the major driver for the lithotripsy devices market's growth in the forecast period. The geriatric population refers to a specific age group consisting of individuals who are typically 65 years of age or older. The rise in the number of patients with kidney stones and urolithiasis, primarily among the growing geriatric population, necessitates using lithotripsy devices to perform minimally invasive methods to remove kidney stones and provide treatment for urolithiasis in this specific demographic.
The global lithotripsy devices market size is expected to grow from $1.14 billion in 2022 to $1.21 billion in 2023 at a compound annual growth rate (CAGR) of 6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of lithotripsy devices market is expected to reach $1.46 billion in 2027 at a CAGR of 4.7%.
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Major competitors in the lithotripsy devices market are Siemens AG, Becton Dickinson and Company, Boston Scientific Corporation, Cook Medical LLC, Shockwave Medical Inc.,
A key trend in the lithotripsy devices market includes technological advancement. Major companies operating in the lithotripsy device market are developing technologically advanced devices to sustain their position in the market. For instance, in January 2022, Cardiovascular Systems Inc., a US-based lithotripsy and other medical device manufacturer, developed intravascular lithotripsy technology for coronary and peripheral artery diseases. Intravascular lithotripsy technology is an innovative treatment system for coronary and peripheral artery disease patients. This technology allows Cardiovascular Systems Inc to offer products that treat a broad range of calcific coronary lesions.
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The lithotripsy devices market is segmented -
•By Type: Extracorporeal Shock Wave Lithotripsy Devices, Intracorporeal Lithotripsy Devices, Laser Lithotripsy Devices, Electrohydraulic Lithotripsy Devices, Ultrasonic Lithotripsy Devices, Mechanical Lithotripsy Devices
•By Applications: Kidney Stones, Ureteral Stones, Pancreatic Stones, Bile Duct Stones
•By End-User: Hospitals, Ambulatory Surgical Centers, Other End Users
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the lithotripsy devices market.
The Business Research Company's "Global Lithotripsy Devices Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Lithotripsy Devices Market Include:
1. Executive Summary
2. Lithotripsy Devices Market Characteristics
3. Lithotripsy Devices Market Trends And Strategies
4. Lithotripsy Devices Market - Macro Economic Scenario
5. Global Lithotripsy Devices Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global Lithotripsy Devices Market Competitive Benchmarking
33. Global Lithotripsy Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Lithotripsy Devices Market
35. Lithotripsy Devices Market Future Outlook and Potential Analysis
36. Appendix
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