Lithotripsy Devices Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Lithotripsy Devices Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Lithotripsy Devices Global Market Report 2024, The lithotripsy devices market size has grown strongly in recent years. It will grow from $1.21 billion in 2023 to $1.28 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to introduction of extracorporeal shock wave lithotripsy (eswl), clinical evidence and research, patient preference for non-invasive treatments, market penetration in healthcare facilities, regulatory approvals and standards, physician training and education..

The lithotripsy devices market size is expected to see steady growth in the next few years. It will grow to $1.54 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to growing prevalence of urolithiasis, rising geriatric population, shift towards minimally invasive procedures, preference for outpatient treatments, increasing adoption of sedation-free techniques.. Major trends in the forecast period include adoption of disposable devices, collaborative multi-disciplinary care, remote monitoring and telemedicine integration, non-invasive alternatives, expansion of home-based lithotripsy..

The growing geriatric population across the globe is expected to propel the growth of the lithotripsy device market going forward. The geriatric population refers to a specific age group consisting of individuals who are typically 65 years of age or older. The rise in the number of patients with kidney stones and urolithiasis, primarily among the growing geriatric population, necessitates using lithotripsy devices to perform minimally invasive methods to remove kidney stones and provide treatment for urolithiasis in this specific demographic. For instance, according to October 2021 published factsheet by World Health Organization, there will be 1.4 billion individuals over the age of 60 in the world by 2030, up from 1 billion in 2020. Therefore, the growing geriatric population across the globe is driving the growth of the lithotripsy device market going forward.

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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

Technological advancements are a key trend gaining popularity in the lithotripsy device market. Major companies operating in the lithotripsy device market are developing technologically advanced devices to sustain their position in the market. For instance, in January 2022, Cardiovascular Systems Inc., a US-based lithotripsy and other medical device manufacturer, developed intravascular lithotripsy technology for coronary and peripheral artery diseases. Intravascular lithotripsy technology is an innovative treatment system for coronary and peripheral artery disease patients. This technology allows Cardiovascular Systems Inc to offer products that treat a broad range of calcific coronary lesions.

The lithotripsy devices market report table of contents includes:

1. Executive Summary
2.Lithotripsy Devices Market Characteristics
3.Lithotripsy Devices Market Trends And Strategies
4.Lithotripsy Devices Market analysis
5.Lithotripsy Devices Market Size And Growth
6.Lithotripsy Devices Segmentation
7. Lithotripsy Devices Regional And Country Analysis
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27.Lithotripsy Devices Competitive Landscape And Company Profiles
28. Lithotripsy Devices Key Mergers And Acquisitions
29.Lithotripsy Devices Future Outlook and Potential Analysis