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How Has the Lithotripsy Device Market Grown from 2024 to 2025?

The market size for lithotripsy devices has seen a robust growth in the past few years. The market is expected to expand from $1.83 billion in 2024 to $1.92 billion in 2025, registering a compound annual growth rate (CAGR) of 5.2%. This substantial growth during the historical period can be credited to factors such as an increasing occurrence of kidney stones, a preference for non-invasive procedures, advancements in medical imaging technology, a growing elderly population, and patient demands for quicker recovery times.

What Growth Rate Is Anticipated for the Lithotripsy Device Market in the Coming Years?

In the upcoming years, the lithotripsy device market is anticipated to experience robust growth, expanding to “$2.47 billion by 2029, at a compound annual growth rate (CAGR) of 6.4%. Factors propelling this development during the forecast period involve cutting-edge technological advancements in lithotripsy, heightened awareness and education, worldwide accessibility to healthcare amenities, along with collaborations in the domains of urology and nephrology. The preventive measures adopted to counter kidney stones also significantly contribute to this growth. The forecast period will also notice trends such as remote supervision and telesurgery, consistent research in stone disintegration methods, global teamwork in lithotripsy research, concentration on results-oriented healthcare, and the incorporation of artificial intelligence.

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Who Are the Leading Companies in the Lithotripsy Device Market?

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.

What Are the Key Drivers of the Lithotripsy Device Market?

The proliferation of kidney stones is predicted to boost the market for lithotripsy devices. Kidney stones are hard, pebble-like material fragments that can form in either or both kidneys when urine has excessive quantities of particular minerals. Lithotripsy tools are applied in the treatment of kidney stones to fragment the stones into tiny pieces using shockwaves, making them simple to expel via urine. For example, a study of over 10,000 people between the ages of 40–70 who reside in Kharameh, as reported by BioMed Central in December 2022, showed an Age-standardized prevalence rate (ASPR) of kidney stones of 21.11%. Furthermore, the ASPR was calculated to be 24.13% in males and 18.7% in females in 2022. Thus, the escalation in the prevalence of urolithiasis is propelling the expansion of the lithotripsy device market.

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What Are the Key Market Segments in the Lithotripsy Device Industry?

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

What Are the Latest Trends in the Lithotripsy Device Market?

Product innovation has become a significant trend driving attention in the lithotripsy device market. Leading corporations within the lithotripsy device market are introducing new and groundbreaking products to solidify their market standing. For instance, a medical device firm based in the US, Shockwave Medical Inc., unveiled the Shockwave M5+ peripheral IVL catheter in March 2022, post-receiving clearance from both CE Mark and the U.S. Food and Drug Administration (FDA). This innovative peripheral catheter by Shockwave showcases considerable enhancements and is designed to decrease IVL treatment time, broaden access alternatives, and extend IVL therapy to those with larger vessel diameters. It provides improved efficiency and effectiveness in treating difficult patients, encompassing those previously not suitable for IV therapy.

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What Are the Key Regional Markets in the Lithotripsy Device Industry?

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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This Report Delivers Insight On:

1. How big is the lithotripsy device market, and how is it changing globally?

2. Who are the major companies in the lithotripsy device market, and how are they performing?

3. What are the key opportunities and risks in the lithotripsy device market right now?

4. Which products or customer segments are growing the most in the lithotripsy device market?

5. What factors are helping or slowing down the growth of the lithotripsy device market?

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