Lithotripsy Device Market to Cross USD 1.1 Bn Revenue by 2028 with CAGR of 4.1%, says Transparency Market Research

The global 𝐥𝐢𝐭𝐡𝐨𝐭𝐫𝐢𝐩𝐬𝐲 𝐝𝐞𝐯𝐢𝐜𝐞 𝐦𝐚𝐫𝐤𝐞𝐭, valued at US$ 717.6 million in 2021, is set to grow at a CAGR of 4.1% from 2022 to 2031, reaching over US$ 1.1 billion by 2031. The market is being driven by the increasing prevalence of kidney stones worldwide and the adoption of emerging technologies. Favorable reimbursement policies for lithotripsy procedures and growing awareness about kidney health are expected to further boost market growth. Additionally, the trend towards minimally invasive procedures is projected to contribute to market expansion in the coming years.

Extracorporeal shock wave lithotripsy offers a noninvasive approach to kidney stone removal. However, the high cost of extracorporeal lithotripters and the availability of alternative treatments serve as constraints to market growth. Key players in the global market are prioritizing the development of advanced, minimally invasive, and cost-effective lithotripsy devices to address these challenges and capitalize on emerging opportunities.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=19094&utm_source=OpenPR&utm_campaign=MansiR

Lithotripsy is a non-invasive procedure utilized to break stones present in various organs such as kidneys, liver or gallbladder, and pancreas. Lithotripsy comprises products such as intracorporeal and extracorporeal lithotripter. Intracorporeal lithotripsy is used for the treatment of urolithiasis and the removal of urinary calculi. Similarly, mechanical lithotripters are utilized to remove relatively large bile duct stones, while electrohydraulic lithotripters are used to remove biliary and renal calculi.

𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝:

Boston Scientific Corporation,Olympus Corporation,C. R. Bard, Inc. (Becton, Dickinson),EDAP TMS,Siemens Healthcare GmbH,Dornier MedTech,Cook,KARL STORZ,Richard Wolf GmbH,EMS

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐏𝐫𝐨𝐝𝐮𝐜𝐭

Intracorporeal Lithotripsy
Mechanical Lithotripsy
Electrohydraulic Lithotripsy
Laser Lithotripsy
Ultrasonic Lithotripsy
Others
Extracorporeal Lithotripsy

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Kidney Stones
Biliary Duct Stones
Others

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

In March 2021, Boston Scientific acquired Lumenis in a US$1.1 billion deal. Through this acquisition, Boston Scientific strengthened its product portfolio in the 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). The company 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.

𝐆𝐞𝐭 𝐓𝐡𝐢𝐬 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐈𝐧𝐬𝐭𝐚𝐧𝐭𝐥𝐲:
https://www.transparencymarketresearch.com/checkout.php?rep_id=19094<ype=S&utm_source=OpenPR&utm_campaign=MansiR

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬:

Drivers:

Technological advancements, rising prevalence of kidney stones, increasing demand for minimally invasive procedures, and growing healthcare expenditure.

Challenges:

Limited access to advanced healthcare facilities in developing regions, high cost associated with lithotripsy procedures, and potential complications post-treatment.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Adoption of advanced lithotripsy devices with enhanced efficacy and safety profiles.
Increasing focus on outpatient lithotripsy procedures to reduce hospitalization costs and improve patient convenience.
Integration of artificial intelligence and robotics in lithotripsy devices to enhance precision and outcomes.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Understanding the evolving regulatory landscape governing lithotripsy devices.
Analyzing the competitive landscape and identifying key market players, their strategies, and market positioning.
Assessing market dynamics, including drivers, challenges, opportunities, and trends shaping the market trajectory.
Conducting comprehensive market segmentation to identify niche opportunities and target specific customer segments.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐒𝐭𝐫𝐞𝐞𝐭 𝐖𝐚𝐬𝐡𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/en/news-release/2023/04/19/2650483/0/en/Street-Washer-Market-to-rise-at-a-3-7-CAGR-from-2023-2031-reaching-US-3-4-billion-TMR-Report.html

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