Lithotripsy Device Market to Reach USD 1.54 Billion by 2034, Growing at a 4.3% CAGR

​The lithotripsy device market is poised for significant growth from 2024 to 2034, driven by the escalating prevalence of urolithiasis and the increasing preference for non-invasive medical procedures. The global lithotripsy device market size is estimated to be worth US$ 1,009.3 million in 2024. Projections put the CAGR of the market at a normal 4.3% for the 2024 to 2034 period. It is expected that by 2034, the market value is set to reach US$ 1,542.8 million.

Market Development

The surge in urolithiasis cases, attributed to factors such as obesity, dietary habits, and chronic illnesses, has heightened the demand for effective stone removal treatments. Lithotripsy, offering a non-invasive solution, has gained prominence among both patients and healthcare providers. Advancements in lithotripsy technology have further enhanced treatment efficacy and patient outcomes, contributing to market expansion. ​

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Market Outlook

The future of the lithotripsy device market appears promising, with steady growth anticipated over the next decade. The shift towards preventive healthcare has led to earlier detection of kidney and urinary tract issues, increasing the adoption of lithotripsy procedures. However, the market faces challenges, including competition from alternative treatments like ureteroscopy and percutaneous nephrolithotomy, as well as concerns about potential side effects such as bleeding and scarring. ​

Market Analysis

Extracorporeal lithotripsy devices dominate the market, expected to account for 71.4% of the market share by product type in 2024. Their minimal invasiveness and rapid recovery times make them a preferred choice. Intracorporeal devices are also gaining traction, with their market share projected to increase from 28.6% in 2024 to 31.2% by 2034, reflecting a growing acceptance of these devices in complex cases. ​

Overview and Scope of the Report

This comprehensive report delves into the lithotripsy device market, analyzing trends across more than 30 countries, including the United States, Canada, the United Kingdom, Germany, France, Japan, and Korea. It examines market dynamics, growth drivers, challenges, and opportunities, providing a detailed segmentation analysis by product type, end-use, and region. ​

Market Segmentation

By Product Type:
Extracorporeal Shock Wave Lithotripsy (ESWL) Devices​
Intracorporeal Lithotripsy Devices​
By End-Use:
Hospitals​
Ambulatory Surgical Centers​
Specialty Clinics​
By Region:
North America​
Europe​
East Asia​
Rest of the World​

Key Players Covered in This Report

The market features a mix of established and emerging players, including:​

Richard Wolf GmbH
MedTech​
Bio-Rad Laboratories, Inc.​
Olympus Corporation​
Boston Scientific Corporation​
Abaxis​
Hologic Inc.​
DirexGroup​
KARL STORZ SE & Co. KG​
Lumenis Be Ltd.​
Dornier MedTech
Walz Elektronik GmbH

Competitive Landscape

The lithotripsy device market is fragmented, with both multinational corporations and local companies vying for market share. Innovation remains a critical strategy, as companies focus on launching devices with enhanced capabilities and reduced side effects. For instance, in May 2023, Sonomotion introduced the Break Wave and Stone Clear Lithotripsy devices, utilizing low ultrasound waves for kidney stone fragmentation. Similarly, in October 2023, Amplitude Vascular Systems announced the upcoming launch of the Pulse peripheral intravascular lithotripsy system, aimed at treating intravascular diseases.

Highlights of Our Report

Detailed market segmentation and regional analysis.​
Insights into key growth drivers and challenges.​
Profiles of major market players and their strategies.​
Recent developments and innovations in lithotripsy devices.​
Key Opportunities

The increasing demand for minimally invasive procedures presents significant opportunities for market expansion. Developing portable and technologically advanced lithotripsy devices can cater to outpatient settings and emerging markets. Additionally, addressing concerns about side effects through innovative technologies can enhance patient acceptance and broaden the market base. ​

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Questions Answered by the Report

What are the primary factors driving the lithotripsy device market?​
Which product types are expected to dominate the market?​
Who are the key players in the market, and what are their strategies?​
What are the potential challenges and opportunities in the market?​
This report serves as a valuable resource for stakeholders seeking to understand the lithotripsy device market's trajectory, competitive landscape, and emerging opportunities over the next decade.

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