Lithotripsy Device Market Outlook to Exceed USD 1.1 Billion by 2031 at 4.1% CAGR - TMR

The global lithotripsy device market, valued at US$ 717.6 Mn in 2021, is set to experience steady growth over the next decade. Industry experts project that the market will grow at a compound annual growth rate (CAGR) of 4.1% from 2022 to 2031, reaching more than US$ 1.1 Bn by the end of the forecast period.

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Key Highlights

The market was valued at US$ 717.6 Mn in 2021 and is anticipated to exceed US$ 1.1 Bn by 2031.

Increasing prevalence of kidney stones and advancements in emerging technologies are driving market expansion.

Favorable reimbursement policies for lithotripsy procedures and heightened awareness of kidney health are expected to boost demand.

The growing inclination toward minimally invasive procedures is set to propel the intracorporeal lithotripsy segment, despite high costs and alternative treatment options posing challenges.

Market Introduction

Lithotripsy is a non-invasive procedure designed to fragment stones in various organs, including the kidneys, liver, gallbladder, and pancreas. The market is segmented into intracorporeal and extracorporeal lithotripsy. Intracorporeal lithotripsy-comprising mechanical, electrohydraulic, laser, ultrasonic, and other technologies-is primarily used for treating urolithiasis and removing urinary calculi, while extracorporeal shock wave lithotripsy (ESWL) remains a widely adopted method for fragmenting kidney stones. Advancements in ultrasonic and laser technologies, such as the innovative thulium laser systems, are enhancing stone ablation efficiency and flexibility, driving the market further.

Market Dynamics and Analyst Viewpoint

The global lithotripsy device market is fueled by a surge in kidney stone prevalence and the continuous evolution of minimally invasive technologies. An increasing number of kidney stone surgeries and heightened awareness about kidney health are prompting more healthcare providers to adopt lithotripsy devices. Moreover, favorable reimbursement policies for lithotripsy procedures are making these advanced treatments more accessible to patients. However, the high cost of extracorporeal lithotripters and the availability of alternative treatment modalities remain key restraints, potentially limiting market growth.

COVID-19 Impact on Lithotripsy Device Market

The COVID-19 pandemic had a temporary negative impact on the lithotripsy device market. With governments postponing non-essential surgeries and reallocating medical staff to pandemic-related care, there was a noticeable decline in kidney stone treatments and surgical interventions during the outbreak. This reduction in procedural volume led to lower revenues for key market players. However, as restrictions eased globally, the market has shown signs of recovery, with renewed focus on elective and non-emergency procedures.

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Product and Application Trends

Intracorporeal vs. Extracorporeal Lithotripsy:
While the extracorporeal lithotripsy segment dominated in 2021, the growing preference for minimally invasive procedures is anticipated to drive demand for intracorporeal lithotripsy. Innovations such as thulium laser technology, which offers the benefits of smaller fibers and enhanced stone ablation, are reshaping the competitive landscape.

Application - Kidney Stones:
The kidney stones segment leads the application space, driven by the high prevalence of kidney stone disease worldwide. In the U.S., kidney stones affect approximately 1 in 11 individuals, with nearly 600,000 patients undergoing treatment annually. Similar trends in emerging markets, such as India-where an estimated 12% of the population may experience urinary stones-underscore the growing demand for effective lithotripsy devices.

Regional Outlook

North America:
North America remains a highly attractive market, driven by advanced healthcare infrastructure, increased health awareness, and favorable reimbursement policies. The U.S. continues to dominate the region, supported by a large patient pool and continuous investments in innovative lithotripsy technologies.

Europe:
Europe is the second largest market, bolstered by favorable regulatory environments, product approvals, and well-developed healthcare systems. The region's steady investment in healthcare innovation supports ongoing market expansion.

Asia Pacific:
Asia Pacific is projected to grow at a significantly high CAGR during the forecast period. Rapid urbanization, rising per capita incomes, and an increasing incidence of kidney stones in populous nations such as Japan, India, and China are key growth drivers.

Key Developments and Competitive Landscape

Major market players are focused on strategies such as product launches, mergers and acquisitions, and strategic partnerships to strengthen their market presence. Notable developments include:

Boston Scientific Corporation acquired Lumenis in March 2021 for US$ 1.1 Bn, expanding its product portfolio in lithotripsy devices.

Dornier MedTech GmbH became the first integrated urology company to achieve certification under the European Union's Medical Device Regulation (MDR) for its Class IIb products, including the advanced Dornier Delta III lithotripter and the Dornier UIMS management software.

Key players in the global lithotripsy device market include Boston Scientific Corporation, Olympus Corporation, C. R. Bard, Inc. (Becton, Dickinson), EDAP TMS, Siemens Healthcare GmbH, Dornier MedTech, Cook Medical, KARL STORZ, Richard Wolf GmbH, and EMS.

The market analysis encompasses both segmental and regional evaluations, along with qualitative insights into key drivers, restraints, and emerging trends.

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Competition Landscape:
Detailed market share analysis, competitive rankings, and company profiles provide insights into the strategic initiatives and product portfolios of key market players.

Format:
Available in Electronic (PDF) and Excel formats.

Market Segmentation:

Product:

Intracorporeal Lithotripsy (Mechanical, Electrohydraulic, Laser, Ultrasonic, Others), Extracorporeal Lithotripsy

Application:

Kidney Stones, Biliary Duct Stones, Others

Regions Covered:
North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Countries Covered:
U.S., Canada, Germany, U.K., France, Italy, Spain, China, India, Japan, Australia & New Zealand, Brazil, Mexico, GCC Countries, South Africa

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