Global Lithotripsy Devices Market Share 2024, Forecast To 2033
8 Mar, 2024
The lithotripsy devices market has experienced steady growth, rising from $1.21 billion in 2023 to $1.28 billion in 2024, with a compound annual growth rate (CAGR) of 5.9%. Factors such as minimally invasive procedures contribute to this growth. Forecasts suggest steady growth, reaching $1.54 billion in 2028, with a CAGR of 4.6%. Factors such as a growing elderly population are expected to drive this expansion. Major trends include disposable devices and remote monitoring integration.
Global Lithotripsy Devices Market Key Driver
The growing geriatric population across the globe is poised to drive the growth of the lithotripsy device market. With projections indicating a rise from 1 billion to 1.4 billion individuals over the age of 60 by 2030, there's a growing prevalence of kidney stones and urolithiasis among the elderly. Lithotripsy devices provide minimally invasive methods for removing kidney stones, making them essential in treating urolithiasis in the geriatric population. Thus, the growing geriatric population is a significant driver for the lithotripsy device market.
Get A Free Sample Of The Global Lithotripsy Devices Market ReportGlobal Lithotripsy Devices Market Segments
The lithotripsy devices market covered in this report is segmented –
1) Type:Extracorporeal Shock Wave Lithotripsy Devices, Intracorporeal Lithotripsy Devices, Laser Lithotripsy Devices, Electrohydraulic Lithotripsy Devices, Ultrasonic Lithotripsy Devices, Mechanical Lithotripsy Devices
2) Applications:Kidney Stones, Ureteral Stones, Pancreatic Stones, Bile Duct Stones
3) End-User:Hospitals, Ambulatory Surgical Centers, Other End Users
By Geography: The countries covered in the lithotripsy devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the lithotripsy devices market in 2023. 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.
Major Lithotripsy Devices Industry Players
Siemens AG; Becton Dickinson 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 Healthcare.
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Lithotripsy Devices Market Overview
Lithotripsy devices are medical instruments or equipment specifically designed and used in the lithotripsy process. These devices generate and deliver shock waves to target and break down stones or solid deposits within the body, typically in the kidneys, gallbladder, or urinary tract.