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How has the lithotripsy devices market grown over the years?

In recent years, there has been a robust growth in the lithotripsy devices market. It is predicted to expand from $1.25 billion in 2024 to $1.31 billion in 2025, with a compound annual growth rate (CAGR) of 5.0%. The impressive growth during the historical period can be traced back to the advent of extracorporeal shock wave lithotripsy (ESWL), clinical research and evidence, the increasing patient inclination towards non-invasive procedures, the proliferation of market in healthcare establishments, regulatory sanctions and standards, and the advancement in physician training and education.

What Is the forecasted market size and growth rate for the lithotripsy devices market?

In the coming years, the lithotripsy devices market is anticipated to experience robust growth, enlarging to a market value of $1.63 billion in 2029 with a CAGR of 5.5%. This predicted growth during the forecast period can be linked to the rising occurrence of urolithiasis, an increasing elderly population, a growing demand for minimally invasive procedures, a preference for treatments in outpatient settings, and a rise in the use of techniques that don’t require sedation. The forecast period will also see trends such as increasing use of disposable devices, a preference for collaborative care across multiple disciplines, the implementation of remote monitoring and integration of telemedicine, the development of non-invasive alternatives, and the enlargement of lithotripsy performed at home.

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What are the major factors driving growth in the lithotripsy devices market?

The lithotripsy device market’s expansion is projected to be fueled by the increase in the geriatric population worldwide. The term geriatric population refers to those aged 65 or more. There’s a surge in the prevalence of kidney stones and urolithiasis, predominantly among the aging populace, warranting the utilization of lithotripsy devices. These equipment enable minimally invasive treatment modalities for kidney stone removal and urolithiasis treatment, particularly for this demographic. For example, in October 2022, the World Health Organization, an intergovernmental entity based in Switzerland, predicted that by 2030, one in every six people worldwide would be 60 years or older. During this time frame, the population cohort aged 60 and above is forecasted to increase from 1 billion in 2020 to 1.4 billion. Moreover, by 2050, the worldwide populace of individuals aged 60 and up is predicted to double, reaching 2.1 billion. Consequently, the escalating geriatric population globally is steering the forward momentum for the lithotripsy device market.

What key areas define the segmentation of the global lithotripsy devices Market?

The lithotripsy devices market covered in this report is segmented –

1) By Type: Extracorporeal Shock Wave Lithotripsy Devices, Intracorporeal Lithotripsy Devices, Laser Lithotripsy Devices, Electrohydraulic Lithotripsy Devices, Ultrasonic Lithotripsy Devices, Mechanical Lithotripsy Devices

2) By Applications: Kidney Stones, Ureteral Stones, Pancreatic Stones, Bile Duct Stones

3) By End-User: Hospitals, Ambulatory Surgical Centers, Other End Users

Subsegments:

1) By Extracorporeal Shock Wave Lithotripsy Devices: High-Energy Shock Wave Devices, Low-Energy Shock Wave Devices

2) By Intracorporeal Lithotripsy Devices: Ultrasound Lithotripsy Devices, Electrohydraulic Lithotripsy Devices

3) By Laser Lithotripsy Devices: Holmium Laser Devices, Neodymium-YAG Laser Devices

4) By Electrohydraulic Lithotripsy Devices: Pneumatic Devices, Hydraulic Devices

5) By Ultrasonic Lithotripsy Devices: Ultrasonic Fragmentation Devices

6) By Mechanical Lithotripsy Devices: Grasping Devices, Crushing Devices

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What are the top market players propelling the growth of the lithotripsy devices industry?

Major companies operating in the lithotripsy devices market include Siemens AG, Becton Dickinson and Company, Boston Scientific Corporation, Cook Medical LLC, Shockwave Medical Inc., Lumenis Ltd., EDAP TMS S.A., Dornier MedTech GmbH, Electro Medical Systems S.A., Allengers Medical Systems Limited, DirexGroup, Medispec Ltd., Elmed Medical Systems Ltd., Convergent Laser Technologies, MTS Medical, NOVAmedtek LLC, EMD Medical Technologies, NIDHI Meditech Systems (NMS), 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.

What are the key trends shaping the future of the lithotripsy devices market?

The lithotripsy device market is experiencing a significant trend through the rise of technological advancements. Major industry players are focusing on creating technologically superior devices to maintain their market position. For example, Cardiovascular Systems Inc, a US-based manufacturer of lithotripsy and other medical devices, rolled out its intravascular lithotripsy technology for treating coronary and peripheral artery diseases in January 2022. This ground-breaking treatment system caters to patients suffering from coronary and peripheral artery diseases. Such technology allows Cardiovascular Systems Inc to provide solutions addressing a wide spectrum of calcific coronary issues.

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What regions are dominating the lithotripsy devices market growth?

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

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