Global Lithotripsy Devices Market, By Type (Intracorporeal Lithotripsy, Extracorporeal Shock Wave Lithotripsy (ESWL), Modality (Standalone, Portable), Application (Kidney Stone, Pancreatic Stones, Ureteral Stones, Bile Duct Stone), End User (Hospitals, Ambulatory Surgical Centers, Other), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Lithotripsy Devices
Lithotripsy devices market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 6.70% in the above-mentioned forecast period.
Lithotripsy devices are basically the devices that help in the lithotripsy, which is basically the non-invasive surgery procedure which is used to treat the kidney stones which are large to pass through the urinary tract. It is generally done by passing the shock waves or sharp ultrasonic energy waves directly to the stone that is located previously with fluoroscopy or ultrasound, which further break the stone into the smaller pieces that can pass through urinary system.
The growing geriatric population observed across the globe is the significant factor responsible for driving the growth of the lithotripsy devices market in the above-mentioned forecast period. Additionally, the increasing occurrences of urolithiasis diseases, surging levels of investment for the development of advanced technology along with the factors such as favorable policies of the government regarding diagnostic testing like urine microscopy test and X-ray also heighten the overall growth of the market. However, the increasing healthcare sector along with rising applications from emerging economies and unfavorable healthcare reforms in US and adverse effects associated with lithotripsy and the availability of alternative treatments for stone removal obstruct the market’s growth.
The increasing technological developments in the field of lithotripsy devices are expected to generate profitable opportunities for the market. On the other hand, the diverse surgical treatment due to presence of pancreatic stone faced by the hospitals have the potential to challenge for the market’s growth.
This lithotripsy devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research lithotripsy devices market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Lithotripsy Devices Market Scope and Market Size
Lithotripsy devices market is segmented on the basis of type, modality, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the lithotripsy devices market is segmented into intracorporeal lithotripsy and extracorporeal shock wave lithotripsy (ESWL). The intracorporeal lithotripsy segment is further segmented into mechanical lithotripsy, electrohydraulic lithotripsy (EHL), laser lithotripsy and ultrasonic lithotripsy.
- On the basis of modality, the lithotripsy devices market is segmented into standalone and portable.
- On the basis of application, the lithotripsy devices market is segmented into kidney stone, pancreatic stones, ureteral stones and bile duct stone.
- Lithotripsy devices market has also been segmented based on the end user into hospitals, ambulatory surgical centers and other.
Lithotripsy Devices Market Country Level Analysis
Lithotripsy devices market is segmented on the basis of type, modality, application and end user.
The countries covered in the lithotripsy devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market due to high prevalence of kidney stones in this region and the large number of surgeries performed each year in the region. Asia-Pacific, on the other hand is expected to show a rapid and lucrative growth rate in the forecast period owing to the increasing population along with advanced technologies coupled with growing number of surgeries performed.
The country section of the lithotripsy devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Lithotripsy devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for lithotripsy devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the lithotripsy devices market. The data is available for historic period 2010 to 2020.
Competitive Landscape and Lithotripsy Devices Market Share Analysis
Lithotripsy devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to lithotripsy devices market.
Some of the major players operating in the lithotripsy devices market report are Richard Wolf GmbH., DirexGroup., Medispec, BD., KARL STORZ SE & Co. KG, Lumenis Be Ltd. ., Verdict Media Limited., Dornier MedTech., MedTech, Siemens, Abaxis, Hologic Inc., Bio-Rad Laboratories Inc., BD, Enzo Biochem Inc, Trivitron Healthcare, Shenzhen New Industries Biomedical Engineering Co., Ltd., Sinduri Biotec, STORZ MEDICAL AG, DirexGroup., Boston Scientific Corporation, Olympus Corporation, MEDISPEC., and Walz Elektronik GmbH among others.