Key Drivers and Opportunities in the Lithotripsy Device Market: Insights into Trends and Growth
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What Long-Term Growth Rate is Expected for the Lithotripsy Device Market Between 2025 and 2034?
In recent times, there has been substantial growth in the market size of lithotripsy devices. It is projected to escalate from $1.83 billion in 2024 to $1.92 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.2%. The impressive growth during the historic period can be linked to factors such as the increased occurrence of kidney stones, a preference towards non-invasive procedures, advancements in the field of medical imaging, a rising geriatric population, and patients desiring quicker recovery times.
The market size of lithotripsy devices is predicted to experience robust expansion in the upcoming years, reaching a value of “$2.47 billion in 2029 with a compound annual growth rate (CAGR) of 6.4%. This growth during the forecast period is associated with the advancement in lithotripsy technology, heightened awareness and education, worldwide access to healthcare services, partnerships in the fields of urology and nephrology, and preventive methods for kidney stones. Significant trends predicted for this period include the rise of remote monitoring and telesurgery, ongoing research into stone fragmentation processes, global cooperation in lithotripsy studies, an emphasis on results-driven healthcare, and the incorporation of artificial intelligence (AI).
What Drivers Are Shaping the Growth of the lithotripsy device Market?
The escalating incidence of kidney stones is anticipated to fuel the growth of the lithotripsy device market. Kidney stones are defined as firm, pebble-like accumulations of material that occur in one or both kidneys when the urine has too much of a particular mineral. Lithotripsy devices, which use shockwaves to fragment the stones into small pieces that can be easily passed in the urine, are employed in the treatment of kidney stones. For instance, a paper published by BioMed Central, a UK-based scientific open-access publisher, in December 2022 reported that a study of over 10,000 individuals aged 40–70 years residing in Kharameh found the Age-standardized prevalence rate (ASPR) of kidney stones to be 21.11%. Furthermore, the ASPR was projected to be 24.13% in men and 18.7% in women in 2022. As such, the mounting prevalence of urolithiasis is boosting the growth of the lithotripsy device market.
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What Are the Key Firms That Are Driving Transformation in the Lithotripsy Device Market?
Major companies operating in the lithotripsy device market include:
• Boston Scientific Corporation_x000D_
• Cook Medical LLC_x000D_
• Shockwave Medical Inc._x000D_
• Lumenis Ltd._x000D_
• EDAP TMS S.A._x000D_
What Current Trends in the Lithotripsy Device Market Should Industry Players Pay Attention To?
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What Are the Key Components of the Lithotripsy Device Market, and How Do Its Segments Perform?
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 Regions Are Driving Expansion in 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
What Key Parameters Define the Lithotripsy Device Market’s Scope?
Lithotripsy devices are medical devices and equipment used to treat lithotripsy, a non-invasive procedure to treat kidney stones. This procedure uses shock waves or ultrasound waves to break large stones that cannot pass the urinary tract into smaller stones that are easily removed.
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