Breaking New Ground in Kidney Stone Treatment: 2024 Lithotripsy Devices Market Insights

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Lithotripsy Devices Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $1.54 billion In 2028 At A CAGR Of 4.6%.

The lithotripsy devices market size has grown strongly in recent years. It will grow from $1.21 billion in 2023 to $1.28 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to introduction of extracorporeal shock wave lithotripsy (eswl), clinical evidence and research, patient preference for non-invasive treatments, market penetration in healthcare facilities, regulatory approvals and standards, physician training and education..

The lithotripsy devices market size is expected to see steady growth in the next few years. It will grow to $1.54 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to growing prevalence of urolithiasis, rising geriatric population, shift towards minimally invasive procedures, preference for outpatient treatments, increasing adoption of sedation-free techniques.. Major trends in the forecast period include adoption of disposable devices, collaborative multi-disciplinary care, remote monitoring and telemedicine integration, non-invasive alternatives, expansion of home-based lithotripsy..

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Lithotripsy Devices Market Major Segments
The lithotripsy devices market covered in this report is segmented -

1) By Type: Extracorporeal Shock Wave Lithotripsy Devices, Intracorporeal Lithotripsy Devices, Laser Lithotripsy Devices, Electrohydraulic Lithotripsy Devices, Ultrasonic Lithotripsy Devices, Mechanical Lithotripsy Devices
2) By Applications: Kidney Stones, Ureteral Stones, Pancreatic Stones, Bile Duct Stones
3) By End-User: Hospitals, Ambulatory Surgical Centers, Other End Users

Key Driver - Geriatric Population Boosts Lithotripsy Device Market Growth

The growing geriatric population across the globe is expected to propel the growth of the lithotripsy device market going forward. 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. For instance, according to October 2021 published factsheet by World Health Organization, there will be 1.4 billion individuals over the age of 60 in the world by 2030, up from 1 billion in 2020. Therefore, the growing geriatric population across the globe is driving the growth of the lithotripsy device market going forward.

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Prominent Trend - Advanced Intravascular Lithotripsy Technology In Lithotripsy Device Market

Technological advancements are a key trend gaining popularity in the lithotripsy device market. 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.

Lithotripsy Devices Market Players
Major companies operating in the lithotripsy devices market report are Siemens AG, Becton Dickinson and Company, Boston Scientific Corporation, Cook Medical LLC, Shockwave Medical Inc., Lumenis Ltd., EDAP TMS S.A., Dornier MedTech GmbH, Electro Medical Systems S.A., Allengers Medical Systems Limited, DirexGroup, Medispec Ltd., Elmed Medical Systems Ltd., Convergent Laser Technologies, MTS Medical, NOVAmedtek LLC, EMD Medical Technologies, NIDHI Meditech Systems (NMS), Olympus Scientific Solutions Americas Corporation, Richard Wolf India Private Ltd., Karl Storz SE & Co. KG, Technomed Systems Private Limited, Shenzhen Wikkon Medical Apparatus Co. Ltd., Inceler Medikal Ltd. Sti, Cliniva Healthcare.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the lithotripsy devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the lithotripsy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Lithotripsy Devices Market Report Structure
3. Lithotripsy Devices Market Trends And Strategies
4. Lithotripsy Devices Market - Macro Economic Scenario
5. Lithotripsy Devices Market Size And Growth
…..
27. Lithotripsy Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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