Global Lithotripsy Devices Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product;

Extracorporeal Shock Wave Lithotripsy Devices and Intracorporeal Lithotripsy Devices - Laser Lithotripsy Devices, Electrohydraulic Lithotripsy Devices, Ultrasonic Lithotripsy Devices and Mechanical Lithotripsy Devices.

By Application;

Kidney Stones , Ureteral Stones , Pancreatic Stones and Bile Duct Stones.

By End Users;

Hospitals , Ambulatory Surgical Centers and Other End Users.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn971812525 Published Date: May, 2024 Updated Date: June, 2024


Global Lithotripsy Devices Market (USD Million), 2020 - 2030

In the year 2023, the Global Lithotripsy Devices Market was valued at USD 2,602.54 million. The size of this market is expected to increase to USD 3,525.12 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 4.4%.

The global lithotripsy devices market is witnessing robust growth, fueled by the increasing prevalence of kidney stones and technological advancements in lithotripsy procedures. Lithotripsy is a non-invasive medical procedure used to break down kidney stones into smaller fragments, allowing for easier elimination from the body. With the rising incidence of kidney stones worldwide, particularly among the aging population and those with certain medical conditions, the demand for lithotripsy devices has surged.

Technological advancements in lithotripsy devices have led to more precise and efficient stone fragmentation, reducing procedure times and improving patient outcomes. Innovations such as extracorporeal shock wave lithotripsy (ESWL), intracorporeal lithotripsy, and laser lithotripsy have revolutionized the treatment landscape, offering minimally invasive options with fewer complications and shorter recovery times. Additionally, the integration of imaging technologies such as ultrasound and fluoroscopy has enhanced the accuracy of stone targeting during lithotripsy procedures.

Increasing healthcare expenditure, growing awareness about kidney stone management, and the expanding geriatric population are driving market growth further. Governments and healthcare organizations are investing in advanced lithotripsy equipment to meet the growing demand for stone management procedures. Furthermore, the rising adoption of minimally invasive procedures and the availability of favorable reimbursement policies are expected to propel the lithotripsy devices market in the coming years.

Challenges such as high treatment costs, limited access to healthcare facilities, and the risk of complications associated with lithotripsy procedures could hinder market growth to some extent. Nonetheless, ongoing research and development activities aimed at improving lithotripsy technologies and expanding their applications are anticipated to create lucrative opportunities for market players. Overall, the global lithotripsy devices market is poised for significant expansion, driven by technological advancements, increasing healthcare investments, and growing demand for minimally invasive treatment options for kidney stones.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Application
    3. Market Snapshot, By End Users
    4. Market Snapshot, By Region
  4. Global Lithotripsy Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological advancements in lithotripsy
        2. Rising prevalence of kidney stones
        3. Increasing demand for minimally invasive procedures
        4. Growing geriatric population
        5. Expanded applications in urology
      2. Restraints
        1. High cost of lithotripsy devices
        2. Lack of skilled professionals
        3. Stringent regulatory requirements
        4. Adverse effects associated with lithotripsy
        5. Limited accessibility in rural areas
      3. Opportunities
        1. Emerging markets in Asia-Pacific
        2. Development of portable lithotripsy devices
        3. Collaborations for research and development
        4. Integration of AI and robotics
        5. Focus on patient-centric technologies
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Lithotripsy Devices Market, By Product, 2020 - 2030 (USD Million)
      1. Extracorporeal Shock Wave Lithotripsy Devices
      2. Intracorporeal Lithotripsy Devices
        1. Laser Lithotripsy Devices
        2. Electrohydraulic Lithotripsy Devices
        3. Ultrasonic Lithotripsy Devices
        4. Mechanical Lithotripsy Devices
    2. Global Lithotripsy Devices Market, By Application, 2020 - 2030 (USD Million)
      1. Kidney Stones
      2. Ureteral Stones
      3. Pancreatic Stones
      4. Bile Duct Stones
    3. Global Lithotripsy Devices Market, By End Users, 2020 - 2030 (USD Million)
      1. Hospitals
      2. Ambulatory Surgical Centers
      3. Other End Users
    4. Global Lithotripsy Devices Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Siemens AG
      2. Storz Medical AG
      3. Boston Scientific
      4. Olympus
      5. Richard Wolf
      6. Direxgroup
      7. Novamedtek
      8. Dornier Medtech
      9. Medispec
      10. Walz Elektronik
  7. Analyst Views
  8. Future Outlook of the Market