What Has Been the Growth Trajectory of the Lithotripsy Devices Market?
The lithotripsy devices market has seen considerable growth due to a variety of factors.
•The market size for lithotripsy devices has experienced significant growth in the past few years. The market, which was valued at $1.25 billion in 2024, is projected to increase to $1.31 billion in 2025, marking an annual growth rate of 5.0%.
This growth during the historical period is due to several factors such as the introduction of extracorporeal shock wave lithotripsy (ESWL), clinical studies and research, the preference of patients for non-invasive procedures, the permeation of the market in healthcare facilities, regulatory compliance and standards, as well as training and education for doctors.
What Does the Future Hold for the Lithotripsy Devices Market?
The lithotripsy devices market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for lithotripsy devices is projected to experience robust expansion in the coming years, with the value predicted to reach $1.63 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 5.5%.
The predicted escalation in the forecast period can be accredited to the increasing instances of urolithiasis, a surge in the aging population, the transition towards less invasive methods, the favorability of outpatient care, and a rising trend of using non-sedative techniques. Significant trends foreseen for the forecast period comprise the utilization of disposable devices, cooperative interdisciplinary healthcare, incorporation of remote surveillance and telemedicine, non-intrusive alternatives, and the broadening of home-based lithotripsy.
What Main Forces Are Fueling Expansion In The Lithotripsy Devices Market?
The lithotripsy device market is projected to expand due to the increase in the senior citizen population worldwide. This specific age group typically includes individuals aged 65 or older. The surge in patients suffering from kidney stones and urolithiasis, specifically amongst this aging population, necessitates the use of lithotripsy devices. These devices facilitate minimally invasive procedures for kidney stone removal and urolithiasis treatment for this particular age group. For instance, according to predictions by the World Health Organization in Switzerland in October 2022, by 2030, every one in six people worldwide will be aged 60 or above. Additionally, the fraction of individuals aged 60 and above is projected to increase from 1 billion in 2020 to 1.4 billion during this timeframe. It is also anticipated that by 2050, the global population of individuals aged 60 or older will double, reaching 2.1 billion. Hence, the substantial increase in the geriatric population globally is propelling the advancement of the lithotripsy device market.
What Are The Primary Segments In The Global Lithotripsy Devices Market?
The lithotripsy devices market covered in this report is segmented –
1) By Type: Extracorporeal Shock Wave Lithotripsy Devices, Intracorporeal Lithotripsy Devices, Laser Lithotripsy Devices, Electrohydraulic Lithotripsy Devices, Ultrasonic Lithotripsy Devices, Mechanical Lithotripsy Devices
2) By Applications: Kidney Stones, Ureteral Stones, Pancreatic Stones, Bile Duct Stones
3) By End-User: Hospitals, Ambulatory Surgical Centers, Other End Users
Subsegments:
1) By Extracorporeal Shock Wave Lithotripsy Devices: High-Energy Shock Wave Devices, Low-Energy Shock Wave Devices
2) By Intracorporeal Lithotripsy Devices: Ultrasound Lithotripsy Devices, Electrohydraulic Lithotripsy Devices
3) By Laser Lithotripsy Devices: Holmium Laser Devices, Neodymium-YAG Laser Devices
4) By Electrohydraulic Lithotripsy Devices: Pneumatic Devices, Hydraulic Devices
5) By Ultrasonic Lithotripsy Devices: Ultrasonic Fragmentation Devices
6) By Mechanical Lithotripsy Devices: Grasping Devices, Crushing Devices
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Which Key Trends Are Driving Changes In The Lithotripsy Devices Market?
The development of cutting-edge technology is a significant trend that is gaining momentum in the lithotripsy device market. Major players in the lithotripsy device market are focusing on creating new tech-savvy devices to maintain and boost their market share. For instance, Cardiovascular Systems Inc, a US-based firm specializing in lithotripsy and other medical devices, introduced intravascular lithotripsy technology for coronary and peripheral artery conditions in January 2022. This pioneering treatment system is aimed at patients with coronary and peripheral artery disease. Through this technology, Cardiovascular Systems Inc can provide solutions that effectively address a diverse range of calcific coronary lesions.
Who Are the Key Players in the Lithotripsy Devices Market?
Major companies operating in the lithotripsy devices market include:
• 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.
What Is The Most Dominant Region In The Lithotripsy Devices Market?
North America was the largest region in the lithotripsy devices market in 2024. 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.
