Lithotripsy Device Market Growth Accelerates: Strategic Forecast Predicts $2.47 Billion by 2029

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What Will the Lithotripsy Device Industry Market Size Be by 2025?
The market size for lithotripsy devices has seen a significant increase in recent years. The market is projected to expand from $1.83 billion in 2024 to $1.92 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.2%. The historical growth could be associated with the surge in kidney stone cases, a predilection for non-invasive operations, advancements in medical imaging technology, a growing elderly population, and patients' desire for a more rapid recovery.

What's the Long-Term Growth Forecast for the Lithotripsy Device Market Size Through 2029?
It's anticipated that the lithotripsy device market will experience robust growth in the coming years, with its value reaching "$2.47 billion in 2029 and a compound annual growth rate (CAGR) of 6.4%. This upward trend during the forecast period can be credited to advancements in lithotripsy technology, heightened public knowledge and education, widespread availability of healthcare services, joint efforts in urology and nephrology, and preventive measures for kidney stones. The forecast period also sees the rise of significant trends like distant monitoring and telesurgery, ongoing research on stone fragmentation methods, worldwide cooperation in lithotripsy research, emphasis on results-driven healthcare, and the incorporation of artificial intelligence (AI).

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What Are the Key Growth Drivers Fueling the Lithotripsy Device Market Expansion?
The surge in kidney stone cases is anticipated to spur the lithotripsy device market's progression. Kidney stones denote hardened, pebble-like debris that can form in either one or both kidneys when urine includes excessively high levels of a specific mineral. Lithotripsy devices are employed for dissolving kidney stones into minute fragments via shockwaves, enabling them to be easily passed out through urine. For example, in December 2022, a report from BioMed Central, a scientific open-access publisher based in the UK, revealed from a survey involving over 10,000 participants aged 40-70 years based in Kharameh that the Age-standardized prevalence rate (ASPR) of kidney stones was at 21.11%, with ASPR at 24.13% in men and 18.7% in women in 2022. Consequently, the rise in urolithiasis incidence is fueling the lithotripsy device market's expansion.

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What Are the Key Trends Driving Lithotripsy Device Market Growth?
Product innovation is a central trend in the lithotripsy device market, with companies launching advanced devices to address unmet patient needs. In March 2022, US-based Shockwave Medical Inc. released the Shockwave M5+ peripheral IVL catheter, approved by both the CE and FDA, aimed at treating larger vessels efficiently and shortening treatment times.

How Is the Lithotripsy Device Market Segmented?
The lithotripsy device market covered in this report is segmented -

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

Subsegments:
1) By Extracorporeal Shock Wave Lithotripsy Devices: Electrohydraulic Lithotripsy Devices, Electromagnetic Lithotripsy Devices, Piezoelectric Lithotripsy Devices
2) By Intracorporeal Lithotripsy Devices: Laser Lithotripsy Devices, Ultrasound Lithotripsy Devices, Mechanical Lithotripsy Devices

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Which Companies Are Leading the Charge in Lithotripsy Device Market Innovation?
Major companies operating in the lithotripsy device market include Boston Scientific Corporation,Cook Medical LLC,Shockwave Medical Inc.,Lumenis Ltd.,EDAP TMS S.A.,Dornier MedTech GmbH, Allengers Medical Systems Limited,DirexGroup,Medispec Ltd.,Elmed Medical Systems Ltd.,Convergent Laser Technologies,MTS Medical,NOVAmedtek LLC,EMD Medical Technologies,NIDHI Meditech Systems, 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,C. R. Bard Inc.,E.M.S. Electro Medical Systems S.A.,MACHIDA Endoscope Co. Ltd.,Medtronic plc, Aymed Medical Technology Co. Ltd.,Proteus Digital Health Inc.

Which Regions Are Leading the Global Lithotripsy Device Market in Revenue?
North America was the largest region in the lithotripsy devices market in 2024. The regions covered in the lithotripsy device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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