Lithotripsy Device Market 2025-2034: Key Highlights, Growth Dynamics, and Emerging Trends
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers Contributing to the Growth and Expansion of the Lithotripsy Device Market?
The anticipated surge in kidney stone occurrences is expected to fuel the market for lithotripsy devices going forward. Lithotripsy devices are employed to disintegrate kidney stones, which are hard, seemingly pebbly fragments that form in either one or both kidneys due to excessive amounts of particular minerals in the urine. These devices use shockwaves to shatter the stones into smaller fragments which can then be easily discharged through urine. For example, a journal from BioMed Central, a scientific open-access publisher based in the UK, reported in December 2022, that from a study of over 10,000 individuals aged between 40 and 70 years residing in Kharameh, the Age-standardised prevalence rate (ASPR) of kidney stones was recorded at 21.11%. Furthermore, in 2022, the ASPR was projected as 24.13% in men and 18.7% in women. Therefore, the escalating occurrence rate of urolithiasis is contributing to the expanding market for lithotripsy devices.
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What is the Predicted Annual Growth Rate of theLithotripsy Device Market Impact Industry Trends by 2034?
The market size of lithotripsy devices has experienced robust growth in the recent past. The market, which stood at $1.83 billion in 2024, is forecasted to expand to $1.92 billion by 2025, translating to a compound annual growth rate (CAGR) of 5.2%. The notable growth during the historical period can be credited to the increase in the occurrence of kidney stones, a growing preference for non-surgical methods, improvements in diagnostic imaging technology, a rising aged population, and patient demands for quicker recovery times.
The market for lithotripsy devices is predicted to experience robust growth in the future. The market value is projected to escalate to “$2.47 billion by 2029, with a compound annual growth rate (CAGR) of 6.4%. The reasons for this considerable growth during the forecast period are due to advancements in lithotripsy technology, increased education and awareness, convenient access to global healthcare services, and partnerships in urology and nephrology, and primary care strategies for kidney stones. Key market trends to watch in the predicted period include remote monitoring, telesurgery, ongoing studies in stone fragmentation methods, international research alliances in lithotripsy, emphasis on outcome-oriented healthcare, and the integration of AI (artificial intelligence).
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What New Market Trends Are Reshaping theLithotripsy Device Market and Its Opportunities?
The primary trend making waves in the lithotripsy device market is the introduction of innovative products. To fortify their standing in the market, top brands in the lithotripsy device sector are creating ground-breaking items. For instance, Shockwave Medical Inc., an American medical device enterprise, in March 2022, released the Shockwave M5+ peripheral IVL catheter. With approval from the CE Mark and U.S. Food and Drug Administration (FDA), this catheter is specifically designed to decrease IVL therapy time, offer diversified access options, and extend IVL treatment to individuals with larger vessel sizes. This new Shockwave peripheral catheter signifies significant progress, providing greater efficiency and effectiveness for treating challenging patients, including those previously ruled out for IV therapy.
Who Are the Leading Market Players Fueling Growth in the Lithotripsy Device Market Trend?
Major companies operating in the lithotripsy device market include Boston Scientific Corporation,Cook Medical LLC,Shockwave Medical Inc.,Lumenis Ltd.,EDAP TMS S.A.,Dornier MedTech GmbH, Allengers Medical Systems Limited,DirexGroup,Medispec Ltd.,Elmed Medical Systems Ltd.,Convergent Laser Technologies,MTS Medical,NOVAmedtek LLC,EMD Medical Technologies,NIDHI Meditech Systems, 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,C. R. Bard Inc.,E.M.S. Electro Medical Systems S.A.,MACHIDA Endoscope Co. Ltd.,Medtronic plc, Aymed Medical Technology Co. Ltd.,Proteus Digital Health Inc.
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How is the Global Lithotripsy Device Market Segemented?
The lithotripsy device market covered in this report is segmented –
1) By Type: Extracorporeal Shock Wave Lithotripsy Devices, Intracorporeal Lithotripsy Devices
2) By Applications: Kidney Stones, Ureteral Stones, Pancreatic Stones, Bile Duct Stones, Other Applications
3) By End-User: Hospitals, Ambulatory Surgical Centers, Other End Users
Subsegments:
1) By Extracorporeal Shock Wave Lithotripsy Devices: Electrohydraulic Lithotripsy Devices, Electromagnetic Lithotripsy Devices, Piezoelectric Lithotripsy Devices
2) By Intracorporeal Lithotripsy Devices: Laser Lithotripsy Devices, Ultrasound Lithotripsy Devices, Mechanical Lithotripsy Devices
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Which Geographics are Influencing the Growth of the Lithotripsy Device Market?
North America was the largest region in the lithotripsy devices market in 2024. The regions covered in the lithotripsy device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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