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Lithotripsy Devices Market

Lithotripsy Devices Market

Prevalence of Kidney Stone Disorders to Account for the Rising Demand for Lithotripsy Devices and On Assessment of Product Type, 2021-2031

Lithotripsy Devices Market
FACT3084MR
  • Aug-2021
  • List of Tables : 40
  • List of Figures : 177
  • 170 Pages
  • Healthcare

Market Snapshot

The lithotripsy devices market is anticipated to surpass US$ 2 Bn by 2031- trailing at a CAGR of over 5%. The market is largely driven by the increased prevalence of urolithiasis, an increase in the number of extracorporeal shock waves lithotripsy operations, technical developments, and rising awareness.

Key Points Covered in the Lithotripsy Devices Industry Survey

  • Market estimates and forecast 2016-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Lithotripsy Devices Market and How to Navigate
  • Recommendation on Key Winning Strategies

Know More Details About the Report

Lithotripsy Devices Consumption Analysis 2016-2020 Vs Future Outlook 2021-2031?

As per Fact.MR- a market research and competitive intelligence provider- sales of lithotripsy devices expanded at approximately 4% CAGR from 2016 to 2020.

Lithotripsy is a popular procedure for treating kidney stones, owing to its relative safety, low cost, shorter recovery time, and favourable patient results. As a result, all of these variables are responsible for the market's expansion. From 2021 to 2031, sales are expected to grow at around 5% CAGR.

How is Rising Prevalence of Kidney Stones Driving Market Expansion?

Globally, the recurrence and prevalence of kidney stone disorders are rising. There are fewer possibilities for developing effective medicines to treat the illness. Urolithiasis is predicted to impact 12% of the world's population at some point in their lives.

According to the European Association of Urology and the National Kidney Foundation in 2019, the prevalence of this illness has been reported to be more than 10% in nations with high standards of living such as the United States, Canada, and Sweden. Furthermore, a fast-paced lifestyle and poor eating habits may raise the risk of kidney stones.

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Why the Preference for Minimally Invasive Stone Removal Procedures?

Minimally invasive surgical (MIS) methods have been rapidly adopted by surgeons for a wide range of applications. Frequent episodes of surgical anomalies such as embolisms or trauma are prompting patients to seek this alternative.

The widespread use of minimally invasive methods in general surgery, as well as their lower risk of complications as compared to open surgical procedures, is expected to fuel the need for lithotripsy equipment. Approaches such as laser surgeries are becoming prevalent, which are expected to heighten prospects for the market.

Documented Side Effects of Shock Wave Lithotripsy to Stifle Market Growth?

Rising prevalence of stone illnesses have undoubtedly led to increased adoption of lithotripsy. However, some obstacles are impeding the widespread acceptance of this therapy.

A primary issue are the adverse effects associated with shock wave lithotripsy. According to the American Journal of Kidney Diseases, shock wave lithotripsy may cause decreased renal function and stone recurrence. These obstacles are anticipated to stymie market expansion throughout the forecast period.

An Adaptive Approach to Modern-day Research Needs

What is the Role of Advanced R&D in Widening Lithotripsy Devices Demand?

The advent of innovative procedures and equipment in the treatment of stone disease is ground-breaking for both healthcare practitioners and patients.

Miniature surgery, holmium laser technology, and disposable ureteroscopes are among the new breakthroughs. Furthermore, MOSES is a novel device that is user-friendly and assists doctors in rupturing stones without harming surrounding tissues and with minimal bleeding.

Country Wise Analysis

Why is the U.S a Magnet for the Market for Lithotripsy Devices?

Sales of lithotripsy devices in the U.S are expected to proliferate over the forecast period, documenting a CAGR of around 5% until 2031.

According to the Centres for Disease Control and Prevention, around 37 million people, or one out of every seven, or 15% of the adult population, were expected to have chronic renal disease in 2019.

With the rising prevalence of renal illness, over 50,000 lithotripsy operations are performed in the United States each year, propelling the market for lithotripsy devices.

How Lucrative is the Market in the U.K for Lithotripsy Devices?

Increased prevalence of prostate cancer, kidney damage, and incontinence, is prompting patients to opt for advanced treatment options in the United Kingdom. Other diseases include bladder cancer, testicular cancer, kidney stones, interstitial cystitis, and urinary tract infections.

Prostate cancer accounts for 24% of all new cancers in males in the United Kingdom. Bladder infections kill 5,300 individuals in the United Kingdom each year. All of these factors are likely to fuel market expansion in the future years. A revenue share of nearly 30% is projected for the U.K market.

How Profitable is the Lithotripsy Devices Market in Asia?

Asia is the fastest growing market and is projected to continue to develop as a result of a rising population with considerable unmet medical needs and a rapid economic growth. Countries such as India, China and Japan are likely to be the frontrunners of global demand.

High frequency of Urinary Tract Infection (UTI) and Benign Prostatic Hyperplasia (BPH) has boosted demand for cutting-edge lithotripsy technologies. In addition, there has been a greater emphasis on replacing and updating hospital infrastructure, which will result in increasing usage of lithotripsy equipment in the coming years.

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Country Wise Analysis

Why is the U.S a Magnet for the Market for Lithotripsy Devices?

Sales of lithotripsy devices in the U.S are expected to proliferate over the forecast period, documenting a CAGR of around 5% until 2031.

According to the Centres for Disease Control and Prevention, around 37 million people, or one out of every seven, or 15% of the adult population, were expected to have chronic renal disease in 2019.

With the rising prevalence of renal illness, over 50,000 lithotripsy operations are performed in the United States each year, propelling the market for lithotripsy devices.

How Lucrative is the Market in the U.K for Lithotripsy Devices?

Increased prevalence of prostate cancer, kidney damage, and incontinence, is prompting patients to opt for advanced treatment options in the United Kingdom. Other diseases include bladder cancer, testicular cancer, kidney stones, interstitial cystitis, and urinary tract infections.

Prostate cancer accounts for 24% of all new cancers in males in the United Kingdom. Bladder infections kill 5,300 individuals in the United Kingdom each year. All of these factors are likely to fuel market expansion in the future years. A revenue share of nearly 30% is projected for the U.K market.

How Profitable is the Lithotripsy Devices Market in Asia?

Asia is the fastest growing market and is projected to continue to develop as a result of a rising population with considerable unmet medical needs and a rapid economic growth. Countries such as India, China and Japan are likely to be the frontrunners of global demand.

High frequency of Urinary Tract Infection (UTI) and Benign Prostatic Hyperplasia (BPH) has boosted demand for cutting-edge lithotripsy technologies. In addition, there has been a greater emphasis on replacing and updating hospital infrastructure, which will result in increasing usage of lithotripsy equipment in the coming years.

Competitive Landscape

The lithotripsy device market has been shown to be competitive. EDAP TMS, Boston Scientific Corporation, Olympus Corporation, Accuron, and DirexGroup are among the main industry participants in lithotripsy devices.

Certain strategic efforts, such as mergers, new product launches, acquisitions, and collaborations, are being implemented by the corporations to assist them enhance their market positions.

In addition, businesses are concentrating on expanding the applications of lithotripsy devices in order to improve their positions during the forecast period.

Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Mn for Value and ‘000 Units for Volume

Key Regions Covered

 

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Key Market Segments Covered

  • U.S
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Brazil
  • Mexico
  • China
  • India
  • ASEAN
  • Australia
  • GCC
  • South Africa
Key Market Segments Covered
  • Product Type
  • Application
  • End User
  • Region

Key Companies Profiled

 

  • EDAP TMS
  • Boston Scientific Corporation
  • Olympus Corporation
  • Accuron
  • DirexGroup
  • Siemens AG
  • Dornier MedTech
  • STORZ Medical
Customization & Pricing

Available upon Request

Market Segmentation

  • Product Type

    • Extracorporeal Shock Wave Lithotripsy Devices
    • Intracorporeal Lithotripsy Devices
    • Laser Lithotripsy Devices
    • Electrohydraulic Lithotripsy Devices
    • Ultrasonic Lithotripsy Devices
    • Mechanical Lithotripsy Devices
  • Application

    • Lithotripsy Devices for Kidney Stones
    • Lithotripsy Devices for Ureteral Stones
    • Lithotripsy Devices for Pancreatic Stones
    • Lithotripsy Devices for Bile Duct Stones
  • End User

    • Lithotripsy Devices for Hospitals
    • Lithotripsy Devices for Ambulatory Surgical Centers
    • Lithotripsy Devices for Other End Users

Lithotripsy Devices Market- Scope of Report

A recent study by Fact.MR on the lithotripsy devices market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering lithotripsy devices.

The study also provides the dynamics responsible for influencing the future status of the lithotripsy devices market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies operating in the lithotripsy devices market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of lithotripsy devices across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of lithotripsy devices during the forecast period. Price point comparison by region with global average price is also considered in the study.

Key Questions Answered in Report

  • Which are the most lucrative lithotripsy devices markets?
  • Which factors will impact the growth of lithotripsy devices?
  • How will changing trends impact the strategies of market players?
  • How can market players capture the low-hanging opportunities across regions?
  • Which companies are leading the lithotripsy devices industry?
  • What are the winning strategies of stakeholders in the market?

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).

Estimates at global and regional levels for lithotripsy devices are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global lithotripsy devices market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of lithotripsy devices during the forecast period.

Country-specific valuation on demand for lithotripsy devices has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value & volume for emerging countries has also been included in the report.

In-depth Analysis on Competition Analysis

The report sheds light on leading manufacturers of lithotripsy devices, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering lithotripsy devices has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the lithotripsy devices domain. 

Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the lithotripsy devices industry, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.

- FAQs -

As of 2020, lithotripsy device sales amounted to around US$ 1.5 Bn

Between 2016 and 2020, demand for lithotripsy devices expanded at over 4% CAGR

According to Fact.MR, lithotripsy devices sales are expected to surpass US$ 2 Bn, expanding at over 5% CAGR until 2031

Growing prevalence of urolithiasis, a growth in the number of extracorporeal shock waves lithotripsy procedures, technological advancements, and greater awareness are driving demand

The market for lithotripsy devices in the U.S is likely to grow at approximately 5% CAGR through 2031

India, China and Japan are expected to emerge as the primary consumers of lithotripsy devices across Asia

The U.K is expected to yield nearly 30% of the global lithotripsy devices revenue until 2031

Extracorporeal Shockwave Lithotripsy Devices (ESLD) are likely to remain top selling, generating 2/5th of total revenue

Hospitals will remain primary lithotripsy devices end user, generating 50% revenue

EDAP TMS, Boston Scientific Corporation, Olympus Corporation, Accuron and Siemens AG are some prominent lithotripsy devices manufacturers

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

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