Lithotripsy Device Market to Cross USD 1.1 Bn Revenue by 2028 with CAGR of 4.1%, says Transparency Market Research
The global ๐ฅ๐ข๐ญ๐ก๐จ๐ญ๐ซ๐ข๐ฉ๐ฌ๐ฒ ๐๐๐ฏ๐ข๐๐ ๐ฆ๐๐ซ๐ค๐๐ญ, valued at US$ 717.6 million in 2021, is set to grow at a CAGR of 4.1% from 2022 to 2031, reaching over US$ 1.1 billion by 2031. The market is being driven by the increasing prevalence of kidney stones worldwide and the adoption of emerging technologies. Favorable reimbursement policies for lithotripsy procedures and growing awareness about kidney health are expected to further boost market growth. Additionally, the trend towards minimally invasive procedures is projected to contribute to market expansion in the coming years.Extracorporeal shock wave lithotripsy offers a noninvasive approach to kidney stone removal. However, the high cost of extracorporeal lithotripters and the availability of alternative treatments serve as constraints to market growth. Key players in the global market are prioritizing the development of advanced, minimally invasive, and cost-effective lithotripsy devices to address these challenges and capitalize on emerging opportunities.
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ :
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Lithotripsy is a non-invasive procedure utilized to break stones present in various organs such as kidneys, liver or gallbladder, and pancreas. Lithotripsy comprises products such as intracorporeal and extracorporeal lithotripter. Intracorporeal lithotripsy is used for the treatment of urolithiasis and the removal of urinary calculi. Similarly, mechanical lithotripters are utilized to remove relatively large bile duct stones, while electrohydraulic lithotripters are used to remove biliary and renal calculi.
๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐ซ๐จ๐๐ข๐ฅ๐๐:
Boston Scientific Corporation,Olympus Corporation,C. R. Bard, Inc. (Becton, Dickinson),EDAP TMS,Siemens Healthcare GmbH,Dornier MedTech,Cook,KARL STORZ,Richard Wolf GmbH,EMS
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ซ๐จ๐๐ฎ๐๐ญ
Intracorporeal Lithotripsy
Mechanical Lithotripsy
Electrohydraulic Lithotripsy
Laser Lithotripsy
Ultrasonic Lithotripsy
Others
Extracorporeal Lithotripsy
๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Kidney Stones
Biliary Duct Stones
Others
๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ:
Inย March 2021, Boston Scientific acquired Lumenis in a US$1.1 billion deal. Through this acquisition, Boston Scientific strengthened its product portfolio in the lithotripsy devices market.
Inย March 2021, Dornier MedTech GmbH became the world's first integrated urology company to be certified by the European Union's Medical Device Regulation (MDR). The company achieved the certification for its Class IIb products: Dornier Delta III, one of the most powerful lithotripters that utilize Dornier's Extracorporeal Shock Wave Lithotripsy (ESWL) technology; and the Dornier UIMS, a state-of-the-art information management software providing enhanced imaging and efficiency to support clinicians in treating kidney stones.
๐๐๐ญ ๐๐ก๐ข๐ฌ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ, ๐๐ง๐ฌ๐ญ๐๐ง๐ญ๐ฅ๐ฒ:
https://www.transparencymarketresearch.com/checkout.php?rep_id=19094<ype=S&utm_source=OpenPR&utm_campaign=MansiR
๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐๐ฌ:
Drivers:
Technological advancements, rising prevalence of kidney stones, increasing demand for minimally invasive procedures, and growing healthcare expenditure.
Challenges:
Limited access to advanced healthcare facilities in developing regions, high cost associated with lithotripsy procedures, and potential complications post-treatment.
๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
Adoption of advanced lithotripsy devices with enhanced efficacy and safety profiles.
Increasing focus on outpatient lithotripsy procedures to reduce hospitalization costs and improve patient convenience.
Integration of artificial intelligence and robotics in lithotripsy devices to enhance precision and outcomes.
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐ฎ๐๐ฒ ๐๐จ๐ข๐ง๐ญ๐ฌ:
Understanding the evolving regulatory landscape governing lithotripsy devices.
Analyzing the competitive landscape and identifying key market players, their strategies, and market positioning.
Assessing market dynamics, including drivers, challenges, opportunities, and trends shaping the market trajectory.
Conducting comprehensive market segmentation to identify niche opportunities and target specific customer segments.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐๐:
๐๐ญ๐ซ๐๐๐ญ ๐๐๐ฌ๐ก๐๐ซ ๐๐๐ซ๐ค๐๐ญ- https://www.globenewswire.com/en/news-release/2023/04/19/2650483/0/en/Street-Washer-Market-to-rise-at-a-3-7-CAGR-from-2023-2031-reaching-US-3-4-billion-TMR-Report.html
๐๐จ๐๐ฒ ๐๐จ๐ซ๐ง ๐๐ง๐ฌ๐๐๐ญ ๐๐๐ฉ๐๐ฅ๐ฅ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ- https://www.globenewswire.com/news-release/2023/04/19/2650468/0/en/Body-Worn-Insect-Repellent-Market-to-be-Valued-at-US-790-4-Mn-by-End-of-2031-as-per-TMR-Research.html
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
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Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
๐๐จ๐ง๐ญ๐๐๐ญ:
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Lithotripsy is a procedure that helps to break the process of urolithiasis. Urolithiasis is the process of forming stones in the kidney, bladder, and/or urethra. Kidney stones are a common cause of blood in the urine and pain in the abdomen, flank, or groin. Kidney stones occur in 1 in 20 people at some time in their life.
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