The World Lithotripsy Market-Rising Prevalence Of Kidney Diseases Accelerate The Growth Of The Market

Lithotripsy is a procedure is used to treat stones in the ureter and the kidney. Extracorporeal shock wave lithotripsy , intracorporeal lithotripsy, percutaneous lithotripsy are major types of lithotripsy. Among these, extracorporeal shock wave lithotripsy most widely used in both the developed and developing nations across the globe. The procedure involves the use of shock waves to break the stones in the kidney. Kidney stone refer to formation of the crystal of minerals and salts dissolved in Urine. This formation is known as urolithiasis which is one of the most common urological disorders. Formation of this crystal causes disturbance in drainage of urine and causes severe pain.

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The American lithotripsy market has evolved from last few years owing to the availability of advanced healthcare technology, and rising in the incidence of the kidney stones among people, development of the modified therapies to treat the nephrolithiasis and poor nutrition driving rise in lithotripsy market in the region. Moreover, strengthening healthcare system, innovations in the field of treatment, and rising patient pool with kidney problems will propel the growth of the market. According to Centres for Disease Control and Prevention, about 4.9 million people are suffering from different kidney related diseases and one of the major reason for deaths in U.S.

Key players in the Lithotripsy market:
The key players in the market having prominent presence in various countries across the globe are Siemens Healthcare GmbH (Germany), Boston Scientific Corporation (U.S.), DIREX, S.L. (Spain), Dornier MedTech.(Germany), EDAP TMS (France), Elmed Electronics & Medical Industry & Trade Inc.(Turkey), Jena Med Tech GmbH (Germany), Medispec LTD (US), Olympus Corporation (Japan), and STORZ MEDICAL AG (Switzerland).

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Key developments:
Key developments feature the growth and achievements of the company that help the company determine its strength, and opportunities in the future. Strategic approaches adopted help the major players in the market to sustain their growth and develop their business in various geographical areas across the globe. Agreements and collaborations, mergers and acquisitions, and new product launches are various strategies followed by the key players.
Olympus Corporation:
Olympus Corporation offers various products such as medical system, camera and audio, life science solutions, and Industrial Solutions. The company focus on innovations based on opto-digital technology solutions, to maintain its leadership in the market.
• April, 2017, Olympus Corporation signed a definitive agreement to acquire Image Stream Medical, Inc., a healthcare systems integrator based in Littleton, MA. This acquisition will further enable both companies to reduce overall costs, improve clinical outcomes and enhance quality of life for patients.

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Siemens Healthcare GmBH
Siemens Healthcare GmBH offers a wide range of products segmented into medical imaging, laboratory diagnostics, point-of-care testing, healthcare IT, clinical specialties & diseases and services.
September, 2016: Siemens healthcare GmBH launched the combination of the Modularis urological shock wave unit and the flat detector technology of the mobile C-arm Cios Fusion. Since, constantly switching between two or even three different control units would be complicated and could lead to errors, the Modularis' central control unit is a better option. This will help Siemens to strengthen its position in the market.
Boston Scientific Corporation
Headquartered in the U.S., Boston Scientific Corporation manufactures and markets wide range of products such as electrophysiology products, female pelvic medicine products, gastroenterology products, gynaecology products, interventional cardiology products, interventional radiology products, neurological surgery products, orthopaedic surgery products, pain medicine products, pulmonology products, urology products, and vascular surgery products. It is one of the largest players in healthcare market, based on geographical presence and market share across the globe.
• November, 2016: Boston Scientific Corporation acquired the gynaecology and urology portfolio of Distal Access, LLC. The company is into minimally invasive medical devices. This will help to make healthcare more cost-effective and accessible for physicians and their patients.
• November, 2016: Boston Scientific Corporation launched Dakota Nitinol Stone Retrieval Device with OpenSure Handle in US and Europe market. This kidney stone retrieval device is designed to allow to release and capture kidney stones of multiple sizes from complex stones as large as 10 mm to fragments as small as one mm. This product will help them to capture its position and solve some of the challenges faced during ureteroscopy procedures.
• March, 2015: Boston Scientific acquires American Medical Systems' Urology Portfolio from Endo International plc. This portfolio includes Men's Health and Prostate Health businesses. This will provide a strong future growth prospects through portfolio innovation and international market expansion.

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