Lithotripsy Device Market Analysis: Key Insights on Growth Rates, Trends, and Major Opportunities
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
How has the lithotripsy device market grown in recent years?
In recent times, the lithotripsy device market has experienced significant growth. The market is projected to rise from $1.83 billion in 2024 to $1.92 billion in 2025, with a compound annual growth rate (CAGR) of 5.2%. Factors contributing to the growth during the historic period include the increasing occurrence of kidney stones, a preference for non-invasive procedures, advancements in medical imaging, a growing geriatric population, and the patients’ demand for rapid recovery.
How is the lithotripsy device market size expected to evolve during the forecast period?
In the coming years, the market size for lithotripsy devices is anticipated to experience robust growth. It is projected to reach “$2.47 billion by 2029”, expanding at a compound annual growth rate (CAGR) of 6.4%. This surge during the forecast period can be credited to technological advancements in lithotripsy, an increase in awareness and education, universal access to health care services, partnerships in urology and nephrology, and strategies to prevent kidney stones. The future trends include remote tracking and telesurgery, ongoing research into stone fragmentation techniques, global cooperation in lithotripsy research, a focus on results-driven healthcare, and the incorporation of artificial intelligence (AI).
Get your lithotripsy device market report here!
https://www.thebusinessresearchcompany.com/report/lithotripsy-device-global-market-report
Which key drivers are propelling the lithotripsy device market’s growth?
The escalating instance of kidney stones is anticipated to bolster the growth of the lithotripsy device market. Kidney stones are defined as hard, grain-like materials that form in one or both kidneys when there is an overabundance of specific minerals in the urine. Lithotripsy devices are used to shatter these stones into smaller fragments using shockwaves, allowing them to be easily eliminated through urine. For example, a study of over 10,000 people aged 40-70 years in Kharameh, published in a journal by BioMed Central, a scientific publisher in the UK, in December 2022, revealed that the Age-standardized prevalence rate (ASPR) of kidney stones stood at 21.11%. The ASPR was further estimated to be 24.13% in men and 18.7% in women within the same year. Thus, the burgeoning prevalence of urolithiasis is propelling the expansion of the lithotripsy device market.
What are the 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
Get your free sample now – explore exclusive market insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10662&type=smp
Which leading companies are shaping the growth of 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 key trends are currently impacting the lithotripsy device market’s development?
The emergence of product innovations is a significant trend observed in the lithotripsy device market. Companies at the forefront of the lithotripsy device sector are engaging in the development of innovative devices for augmenting their market presence. For instance, in March 2022, Shockwave Medical Inc., an organization focusing on medical devices in the US, introduced the Shockwave M5+ peripheral IVL catheter following clearance from both CE Mark and the U.S. Food and Drug Administration (FDA). This novel peripheral catheter, designed by Shockwave, is set to transform the market with its contributions towards shortening IVL treatment time, broadening access routes, and expanding IVL therapy to patients with larger vessels. It is also credited with improved efficiency and effectiveness when it comes to treating complex cases, even those who were earlier deemed unfit for IV therapy.
Unlock exclusive market insights – purchase your research report now for a swift delivery!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10662
Which geographic areas 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
Browse Through More Similar Reports By The Business Research Company:
Cataract Surgery Devices And Equipment Global Market Report 2024
Cardiac Assist Devices And Equipment Global Market Report 2024
Respiratory Devices And Equipment (Therapeutic And Diagnostic) Global Market Report 2024
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
