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Global Lithotripsy Devices Market Overview 2033 : Forecasted Market Size And Growth Rate | Siemens AG, Becton Dickinson and Company, Boston Scientific Corporation, Cook Medical LLC
Lithotripsy Devices Global Market Report 2024
As per the report, 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 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%.
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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.
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.
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
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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.
Contents of the report:
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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