Lithotripsy Devices market is valued at USD 1412.74 million in 2018 and expected to reach USD 1896.93 million by 2025 with a CAGR of 4.30% over the forecast period.
Lithotripsy is a therapeutic procedure used for treating kidney stones and stones in other organs such as gallbladder or liver. It is a procedure that uses ultrasound shockwave to break stones in the kidney. Various types of lithotripsy treatment such as extracorporeal shock wave lithotripsy (ESWL), intracorporeal (endoscopic lithotripsy), laser lithotripsy, mechanical lithotripsy and ultrasonic lithotripsy are uses worldwide.
Global Lithotripsy Devices Market report is segmented on the basis of type, applications, end users and by regional & country level. Based upon type, global lithotripsy devices market is segmented into extracorporeal shock wave lithotripsy devices and intracorporeal lithotripsy devices. In that intracorporeal lithotripsy device is sub divided in to laser lithotripsy devices, electro hydraulic lithotripsy devices, ultrasonic lithotripsy devices and mechanical lithotripsy devices. Based on applications global lithotripsy devices market is segmented in to kidney stones, urethral stones, pancreatic stones and bile duct stones. Based upon end users global lithotripsy devices market is segmented into hospitals, ambulatory surgical centers and others.
The regions covered in this Lithotripsy Devices Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Lithotripsy Devices is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Some major key players for global Lithotripsy Devices market are
Rising geriatric population, increasing incidence of urolithiasis, and growing number of extracorporeal shock wave lithotripsy procedures being diagnose are the major factors driving the growth of the market. As per NCBI source, overall success rate for patients treated by shock wave lithotripsy (SWL) was 65%. Hence increase in prevalence of urolithiasis disease drive the growth of the market. However, adverse effect of lithotripsy shock waves which can often result in hypertension, diabetes, and in some cases permanent loss of functional renal volume act as major barrier for this market. Moreover, recent technological developments of lithotripsy devices in emerging countries create greater opportunity to the growth of the market.
The global lithotripsy devices market is segmented into North America, Europe, Asia-Pacific and Rest of the World (ROW). North America is the largest market for lithotripsy devices market due to increased awareness, growing prevalence of chronic kidney stones in this region. As per National Kidney Foundation, 10% of population worldwide is affected by chronic kidney disease; in U.S. treatment of chronic kidney diseases is likely to exceed USD 48 billion per year. Furthermore in U.S. around 1 out of 8 people suffer from chronic kidney disease yearly. However, Asia Pacific market is estimated to be the fastest growing market during the forecast period, due to rapidly growing awareness about technology and medical infrastructure, in this region.