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What CAGR is Anticipated for the Laser Lithotripsy Devices Market During the Forecast Period, and Why?

The market for laser lithotripsy devices has seen a quick expansion in the recent past. It’s projected to escalate from its value of $2.15 billion in 2024 to $2.4 billion in 2025, at a compound annual growth rate (CAGR) of 11.3%. This surge during the historic phase is linked with the rising instances of urolithiasis, an increase in healthcare spending, a growing inclination towards non-invasive methods, an upswing in the number of urological clinics and hospitals, and an expansion in surgical procedures.

Over the next several years, a swift expansion is anticipated in the laser lithotripsy devices market, with the market expected to expand to $3.64 billion by 2029, exhibiting an 11.0% Compound Annual Growth Rate (CAGR). This surge during the forecast period can be accredited to factors such as an increased occurrence of kidney stones, growing requirement for outpatient procedures, a rising inclination towards advanced imaging methods, escalating incidence of metabolic disorders, and a growing demand for enhanced patient results. Noteworthy trends throughout the predicted period comprise of the application of minimally invasive procedures, the invention of mobile laser devices, advancements in laser wavelengths, incorporation with robotic systems, and the construction of multi-functional devices.

What Are the Primary Drivers Supporting the Growth of the Laser Lithotripsy Devices Market?

The escalating prevalence of kidney ailments is anticipated to stimulate the expansion of the laser lithotripsy device market. The uptick in kidney problems is primarily fueled by the climbing rates of diabetes and hypertension, which impair kidney performance. In addition, lifestyle elements such as obesity and an inactive lifestyle significantly add to this pattern. Laser lithotripsy equipment helps in disintegrating kidney stones into tinier fragments, thus, facilitating their evacuation through minimal invasive methods. For example, Kidney Research UK, a charitable organization based in the UK, stated in June 2023 that approximately 7.19 million individuals in the UK were afflicted with a chronic kidney condition in 2023, representing over 10% of the UK populace, and is forecasted to surge to 7.61 million individuals by 2033. Consequently, the escalating prevalence of kidney ailments is propelling the growth of the laser lithotripsy device market.

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Which Companies Are Poised to Shape the Future of the Laser Lithotripsy Devices Market?

Major companies operating in the laser lithotripsy devices market are:

• Becton

• Dickinson and Company (BD)

• Boston Scientific Corporation

• Olympus Corporation

• Cook Medical Incorporated

What Are the Latest Innovations and Trends Influencing the Laser Lithotripsy Devices Market?

Leading firms within the laser lithotripsy devices market are focusing their efforts on the creation of more accurate and efficient lasers, such as the holmium laser technology, to improve both operational efficacy and patient outcomes in urology-related procedures. Thanks to the highly water and soft tissue-absorptive properties of its wavelength, the holmium laser technology is perfect for lithotripsy, a process aimed at fragmenting kidney stones into smaller pieces. To illustrate, Apollo Hospitals, an Indian healthcare organization, rolled out Moses 2.0 in November 2022. This marks India’s premiere of state-of-the-art laser technology intended for treating large kidney stones and prostate hypertrophy. What makes this endoscopic technique notable is a lack of incisions, limiting the occurrence of pain and bleeding, a significant perk for patients on blood thinners. It leverages a high-power Holmium laser (120 watts) featuring an auto-modulation property to curb blood clotting and bleeding, bringing the operation timeframe down to roughly an hour. The procedure bolsters success rates in kidney stone fragmentation and reducing prostate size. Any size of stones can be effectively treated using Moses laser technology fragmentation (MLTF) – a fact backed by established outcomes.

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Which Industry Segments Are Leading the Development and Expansion of the Laser Lithotripsy Devices Market?

The laser lithotripsy devices market covered in this report is segmented –

1) By Type: Holmium Yttrium Aluminum Garnet (YAG) Laser Lithotripsy, Thulium Fiber Laser Lithotripsy, Other Types

2) By Power Type: Low-Power, Mid-Power, High-Power

3) By Distribution Channel: Direct Sales, Distributors

4) By Application: Hospitals, Clinics, Ambulatory Surgical Centers, Research Institutes

5) By End-User: Public, Private

Subsegments:

1) By Holmium Yttrium Aluminum Garnet (YAG) Laser Lithotripsy: Portable Holmium YAG Laser Lithotripsy Devices, High-Power Holmium YAG Laser Lithotripsy Devices, Holmium YAG Laser Lithotripsy Systems for Urological Procedures

2) By Thulium Fiber Laser Lithotripsy: High-Energy Thulium Fiber Laser Lithotripsy Devices, Thulium Fiber Laser Lithotripsy Systems for Kidney Stones, Thulium Fiber Laser Lithotripsy Systems for Urinary Tract Stones

3) By Other Types: Diode Laser Lithotripsy, Dye Laser Lithotripsy, Carbon Dioxide (CO2) Laser Lithotripsy, Erbium Laser Lithotripsy

What Regions Are Contributing Significantly to the Growth of the Laser Lithotripsy Devices Market?

North America was the largest region in the laser lithotripsy devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the laser lithotripsy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

How Is the Scope and Reach of the Laser Lithotripsy Devices Market Defined?

A laser lithotripsy device is a medical instrument that uses laser energy to fragment kidney and urinary tract stones into smaller pieces. Its main goal is to aid in the removal of these stones by breaking them down into fragments that are easier to pass or extract. This technique is favored for its precision and reduced risk of damaging nearby tissues compared to alternative methods.

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