ID: MRFR/MED/2309-HCR | 72 Pages | Author: Kinjoll Dey | September 2023
The Lithotripsy market is expected to reach USD 2,100 Million by 2030 at 5.80% CAGR during the forecast period 2022-2030. Lithotripsy is medical procedure that break kidney stones in small pieces. It use shock wave to break kidney stones so that it can travel through urinary track and remove from the body. Changing technology and innovation are major driving forces for the lithotripsy market. Increasing adoption of new products and rising demand for advanced medical instruments are key factors for market growth. Major manufactures are increasing funding for new product development that leading to innovation and increasing competition in this market. Increasing burden of kidney stone is major factor for market growth.
Study objectives of Lithotripsy Market:
FIGURE 1 GLOBAL LITHOTRIPSY MARKET, BY TYPE
Source: Annual Report, Press Release, Company Website, and MRFR Analysis
Intended Audience
Research Methodology: Sources: U.S. National Library of Medicine, U.S. National Library of Medicine, Ministry of Health, Directorate of Industries, Annual report, White paper, Company Presentation
Segments:
Lithotripsy Market has been segmented on the basis of type Extracorporeal shock wave lithotripsy (ESWL), Intracorporeal (endoscopic lithotripsy), Percutaneous lithotripsy, and others. Intracorporeal is further sub segmented into Laser lithotripsy, electrohydraulic lithotripsy, Mechanical lithotripsy, and Ultrasonic lithotripsy. On the basis of end user market is segmented into Hospitals and clinics, Research laboratories, Academic Institutes, and others.
Regional Analysis of Lithotripsy Market:
Considering the global scenario of the market, Americas holds the largest market share for the lithotripsy market. In Americas, U.S. accounts the largest market share due to the high adoption of the advanced technology by healthcare professionals and high demand for advanced medical instruments. European is second largest region in lithotripsy market where Western European countries accounts the largest share of this region. On the other hand, Asia-Pacific (APAC) is fastest growing market and expected to dominate the market by 2023. Middle East and Africa (ME&A) is likely to have a restricted growth in the market due to less awareness of devices and treatment.
Key Players for Lithotripsy Market:
Some of the key players in this market are: Boston Scientific (US), DIREX, S.L. (Spain), Dornier MedTech.(Germany), EDAP TMS (France), Elmed Electronics & Medical Industry & Trade Inc.(Turkey), Jena Med Tech GmbH (Germany), Medispec LTD (US), Olympus Corporation (Japan), Siemens Healthcare GmbH (Germany), STORZ MEDICAL AG (Switzerland) The report for Lithotripsy Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions
Report Attribute/Metric | Details |
---|---|
Market Size | USD 2,100 Million |
CAGR | 5.80% |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Types, End User |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Boston Scientific (US), DIREX, S.L. (Spain), Dornier MedTech.(Germany), EDAP TMS (France), Elmed Electronics & Medical Industry & Trade Inc.(Turkey), Jena Med Tech GmbH (Germany), Medispec LTD (US), Olympus Corporation (Japan), Siemens Healthcare GmbH (Germany), STORZ MEDICAL AG (Switzerland) |
Key Market Opportunities | New product launches and R&D Amongst major key Players |
Key Market Drivers |
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Lithotripsy Market is projected to grow at a 5.80% CAGR between 2022-2030.
Lithotripsy Market predicted to touch USD 2,100 Million by 2030.
The Americas is expected to dominate the Lithotripsy Market.
Different end user industries of Lithotripsy Market include academic institutes, research laboratories, and hospitals and clinics.
Rising prevalence of urological disorders and improvement in reimbursement scenario are boosting market growth.
Key Questions Answered
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