The latest report by IMARC Group, titled “Lithotripters Market Report by Device (Extracorporeal Shock Wave Lithotripsy System, Intracorporeal Lithotripsy System), Application (Kidney Stones, Ureteral Stones, Pancreatic Stones, Bile Duct Stones), End User (Hospitals, Ambulatory Surgical Centers, and Others), and Region 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on the market. The global lithotripters market size reached US$ 1.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.5 Billion by 2032, exhibiting a growth rate (CAGR) of 3.93% during 2024-2032.
Factors Affecting the Growth of the Lithotripters Industry:
- Rising Incidence of Kidney Stones:
The global increase in kidney stone cases is driving the demand for lithotripters. Various lifestyle and dietary factors such as high consumption of protein, sodium, and sugar, along with rising obesity rates, are contributing to this uptrend. Additionally, urbanization has also led to changes in diet and reduced physical activity, further exacerbating the prevalence of this condition. As more individuals suffer from kidney stones, the need for effective and non-invasive treatment options, such as lithotripsy, becomes more pronounced. Moreover, lithotripsy uses shock waves to break down kidney stones into smaller pieces that can be passed naturally, which is becoming a preferred method of treatment due to its effectiveness and minimal invasiveness compared to traditional surgical procedures.
- Technological Advancements:
The emerging technological advancements in lithotripsy have greatly enhanced the efficiency and outcomes of treatments for kidney stones. Moreover, several innovations in shock wave generation and imaging techniques have improved the precision with which stones are targeted and disintegrated, minimizing damage to surrounding tissues. Along with this, enhanced imaging technology provides clearer visuals of the urinary tract, allowing for more accurate placement of the lithotripter and better monitoring during the procedure. These improvements have shortened the duration of the treatment and increased its success rate, leading to quicker recoveries and reduced complications. As technology continues to evolve, the efficacy of lithotripsy is expected to increase, attracting more patients and healthcare providers to this treatment method.
- Increasing Healthcare Expenditure:
The growth in healthcare spending, particularly in emerging markets, is a major factor supporting the expansion of the lithotripters market. As countries invest more in their healthcare infrastructure, there is a corresponding increase in the availability and accessibility of advanced medical technologies, including lithotripsy devices. Additionally, this investment is part of a broader trend toward upgrading medical facilities and equipping them with the latest technologies to improve healthcare outcomes. Moreover, increased funding and economic growth enable healthcare facilities to purchase and maintain state-of-the-art equipment, thus providing patients with access to high-quality medical care. Hence, this trend is expected to continue, driving further growth in the market for lithotripters as more healthcare providers upgrade their capabilities to meet rising patient expectations and healthcare standards.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
- Boston Scientific Corporation
- Convergent Laser Technologies
- Cook Group Incorporated
- DirexGroup
- Dornier MedTech GmbH (Accuron Technologies Limited)
- EDAP TMS
- Medispec
- Olympus Corporation
- Storz Medical AG
Lithotripters Market Report Segmentation:
By Device:
- Extracorporeal Shock Wave Lithotripsy System
- Intracorporeal Lithotripsy System
- Laser Lithotripsy
- Electrohydraulic Lithotripsy
- Mechanical Lithotripsy
- Ultrasonic Lithotripsy
The extracorporeal shock wave lithotripsy system represents the largest segment due to its effectiveness in non-invasively breaking down kidney stones.
By Application:
- Kidney Stones
- Ureteral Stones
- Pancreatic Stones
- Bile Duct Stones
Kidney stones account for the largest market share as they are the most common application for lithotripters.
By End User:
- Hospitals
- Ambulatory Surgical Centers
- Others
Hospitals dominate the market growth due to their comprehensive diagnostic and treatment facilities.
Regional Insight:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America’s dominance in the lithotripters market is attributed to its advanced healthcare infrastructure and high rates of kidney stone incidences, contributing to its leading position in the lithotripters market.
Global Lithotripters Market Trends:
At present, the growing geriatric population is more prone to kidney stones and other urological conditions, which is increasing the need for lithotripsy treatments. The elderly are more likely to seek less invasive procedures, boosting the market for modern lithotripters. Moreover, there is a shift toward minimally invasive procedures in urology. Lithotripters that offer less discomfort, quicker recovery, and reduced complications are becoming more popular among both patients and healthcare providers. Furthermore, the development of combination devices that integrate lithotripsy with other urological treatments, such as laser or radiofrequency treatments, is gaining traction. These multifunctional devices offer comprehensive solutions for a range of urological conditions, expanding their appeal in the market.
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