Key Trends Reshaping the Lithotripsy Devices Market: Advanced Intravascular Lithotripsy Technology In Lithotripsy Device Market Industry Transformation

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Lithotripsy Devices Market Size Growth Forecast: What to Expect by 2025?
In recent years, the market size of lithotripsy devices has experienced significant growth. The market, which stands at $1.25 billion in 2024, is set to rise to $1.31 billion in 2025, marking a compound annual growth rate (CAGR) of 5.0%. Several factors have contributed to the growth historically, including the advent of extracorporeal shock wave lithotripsy (ESWL), robust clinical research and evidence, the tendency of patients towards non-invasive procedures, increased adoption in healthcare facilities, regulatory authorizations and compliance with standards, as well as enhancement in physician's training and education.

How Will the Lithotripsy Devices Market Size Evolve and Grow by 2029?
Anticipated robust expansion is set to characterize the lithotripsy devices market in the coming years, elevating its worth to $1.63 billion by 2029, signifying a compound annual growth rate (CAGR) of 5.5%. This propensity for growth during the forecast period is linked to the escalating incidence of urolithiasis, an ageing population, a shift towards less invasive methods, outpatient treatment preference, and the increasing uptake of techniques that do not require sedation. The market's future will also be influenced by the growing preference for disposable devices, combined multidisciplinary care, the integration of remote monitoring and telemedicine, the option for non-invasive alternatives, and the extension of lithotripsy that can be conducted at home.

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What Drivers Are Propelling the Growth of Lithotripsy Devices Market Forward?
The global increase in the elderly population is set to boost the progression of the lithotripsy device market. This classification pertains to people who are generally 65 years of age or over. The mounting population of patients suffering from kidney stones and urolithiasis, largely from the expanding elderly demographic, calls for the deployment of lithotripsy devices. These are used to carry out less invasive procedures to eliminate kidney stones and treat urolithiasis in this age group. In October 2022, the World Health Organization, a Switzerland-based intergovernmental organization, projected that by 2030, one in every six persons worldwide would be aged 60 or above. In this time frame, the share of people aged 60 and over is expected to increase from 1 billion in 2020 to 1.4 billion. Additionally, by 2050, it is predicted that the global elderly population will reach 2.1 billion, effectively doubling. Hence, the escalating geriatric population world over is fueling the success of the lithotripsy device market in the future.

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Which Emerging Trends Are Transforming the Lithotripsy Devices Market in 2025?
In the lithotripsy device market, the emerging trend of technological advancements is gaining ground. To maintain their market standing, primary companies in this sector are advancing their devices. For example, in January 2022, Cardiovascular Systems Inc, an American manufacturer of lithotripsy and other medical devices, developed a novel intravascular lithotripsy technology applicable for treating coronary and peripheral artery diseases. This innovation allows the company to provide treatments for a wide variety of calcific coronary lesions.

What Are the Key Segments in the Lithotripsy Devices Market?
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

Subsegments:
1) By Extracorporeal Shock Wave Lithotripsy Devices: High-Energy Shock Wave Devices, Low-Energy Shock Wave Devices
2) By Intracorporeal Lithotripsy Devices: Ultrasound Lithotripsy Devices, Electrohydraulic Lithotripsy Devices
3) By Laser Lithotripsy Devices: Holmium Laser Devices, Neodymium-YAG Laser Devices
4) By Electrohydraulic Lithotripsy Devices: Pneumatic Devices, Hydraulic Devices
5) By Ultrasonic Lithotripsy Devices: Ultrasonic Fragmentation Devices
6) By Mechanical Lithotripsy Devices: Grasping Devices, Crushing Devices

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Who Are the Key Players Shaping the Lithotripsy Devices Market's Competitive Landscape?
Major companies operating in the lithotripsy devices market include 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.

What Geographic Markets Are Powering Growth in the Lithotripsy Devices Market?
North America was the largest region in the lithotripsy devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the lithotripsy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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