Lithotripsy Market Size, Growth, Revenue Share Analysis, Company Profiles, and Forecast To 2031

The Lithotripsy Market size is projected to grow from US$ 1.4 billion in 2023 to US$ 2.3 billion by 2031; the market is estimated to record a CAGR of 6.6% during 2021-2031.

The medical reimbursement/coverage for noninvasive lithotripsy procedure propels the lithotripsy market development. However, rise in product recalls by the FDA impede the market growth market growth. Furthermore, preference for lithotripsy technique in coronary lesion treatment are likely to remain key lithotripsy market trends during 2021-2031.

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Analysis of the Top Market Players:

1. Edap Tms SA
2. Becton Dickinson and C
3. Olympus Corp
4. Cook Medical Holdings LLC
5. Boston Scientific Corp
6. Karl Storz SE & Co KG
7. DirexGroup
8. Dornier MedTech
9. ELMED Medical Systems
10. EMS+

In this report, the market has been segmented on the basis of:

Product Type

• Extracorporeal Shock Wave Lithotripsy Devices And Intracorporeal Lithotripsy Devices
• Ureteroscopic

Application

• Kidney Stones
• Ureteral Stones
• Pancreatic Stones
• Bile Duct Stones
• Bladder Stones

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Launch of Innovative Lithotripsy Devices

Several manufacturers are developing technologically advanced products used during lithotripsy to remain competitive in the market across the globe. For example, Boston Scientific developed the Lumenis Pulse 120H Holmium Laser System with MOSES 2.0 Technology. The product technology is capable of treating different stone compositions that utilize several scientific techniques such as stone dusting, popcorning, and fragmentation. Furthermore, it remarkably improves energy transmission, resulting in more efficient lithotripsy treatment compared to regular holmium pulse lithotripsy devices. Also, in Benign Prostatic Hyperplasia (BPH) treatment, MOSES technology results in reducing treatment time by improving enucleation efficiency and hemostasis compared to regular holmium pulse devices. Similarly, in January 2022, Olympus announced the launch of its next-generation SOLTIVE Premium SuperPulsed Laser System (SOLTIVE Laser System). The product offers the potential for short procedure time, better patient outcomes, and low procedure cost as compared to standard Holmium: YAG lithotripsy device. Therefore, the launch of innovative lithotripsy devices drives the market.

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