Lithotripsy Devices Market Expected to Achieve 5.4% CAGR by 2029: Growth Forecast Insights

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How Large Will the Lithotripsy Devices Market Size By 2025?
In the past few years, the market size for lithotripsy devices has seen a steady increase. The forecasted growth is from $1.25 billion in 2024 to $1.3 billion in 2025, maintaining a compound annual growth rate (CAGR) of 4.2%. The period's expansion can be accredited to the advent of extracorporeal shock wave lithotripsy (ESWL), clinical validations and research work, patients' inclination towards non-invasive procedures, the device's market penetration in healare facilities, compliance with regulatory approvals and standards as well as the enhancement in physician training and education.

How Big Is the Lithotripsy Devices Market Size Expected to Grow by 2029?
In the coming years, the lithotripsy devices market is expected to experience substantial growth, with its value expected to reach $1.61 billion by 2029, reflecting a compound annual growth rate (CAGR) of 5.4%. This predicted growth during the forecast period is due to factors like the rising incidences of urolithiasis, an ageing populous, a shift towards less invasive procedures, a preference for treatments that do not require hospital stays, and the increasing use of techniques that do not need sedation. The forecast period is also expected to see trends such as a rise in the use of disposable devices, multi-disciplinary care collaborations, incorporation of remote monitoring and telemedicine, non-invasive alternatives, and the rising preference for lithotripsy treatments at home.

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Which Key Market Drivers Powering Lithotripsy Devices Market Expansion and Growth?
The escalating number of elderly individuals worldwide is projected to fuel the expansion of the lithotripsy device market in the future. The elderly populace is a distinct demographic comprised of people generally aged 65 or above. With an increasing count of patients suffering from kidney stones and urolithiasis, particularly among the aging populace, there's a growing need for lithotripsy devices to carry out minimally invasive procedures for kidney stone removal and urolithiasis treatment. For example, the World Health Organization, a Switzerland-based Intergovernmental organization, stated in October 2022 that by 2030, about one in every six people globally would be 60 years or above. During this timeframe, the proportion of the population that is 60 years or older is set to surge from 1 billion in 2020 to 1.4 billion. Additionally, by 2050, the worldwide populace of individuals aged 60 and above is expected to double, hitting 2.1 billion. Hence, the burgeoning geriatric population worldwide is fuelling the growth of the lithotripsy device market in the future.

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Which Fast-Growing Trends Are Poised to Disrupt the Lithotripsy Devices Market?
Technological progression is a significant trend emerging in the lithotripsy device market. Prominent companies in this market are bringing state-of-the-art devices to fortify their market position. For example, in January 2022, Cardiovascular Systems Inc., a US-based manufacturer of lithotripsy and other medical devices, developed a groundbreaking intravascular lithotripsy technology catered towards coronary and peripheral artery diseases. This innovative system provides an effective treatment option for patients suffering from these diseases. The new technology enables Cardiovascular Systems Inc to expand its product range, capable of addressing an extensive variety of calcific coronary lesions.

What Are the Emerging 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 Global Leaders in the Lithotripsy Devices Market?
Major companies operating in the lithotripsy devices market include Siemens AG, Becton inson 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 Healare.

Which are the Top Profitable Regional Markets for the Lithotripsy Devices Industry?
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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