Global Lithotripsy Devices Market

Global Lithotripsy Devices Market was valued at USD1.45 billion in 2017, and is estimated to grow at a CAGR of 5.5% from 2017 to 2024.

Lithotripsy is medical procedure that break kidney stones in modicums. It uses shock wave to break kidney stones so that it can peregrinate through urinary track and abstract from the body. Transmuting technology and innovation are some of the major driving forces for the Global Lithotripsy Devices Market.

Some of the market drivers for the Global Lithotripsy Devices Market include the incrementing incidence of urolithiasis, changing technology and innovation, increasing adoption of new products and rising demand for advanced medical instruments. In addition to this, it is the increasing prevalence of kidney stones and technological advancements in lithotripsy contrivances that further boosts the market demand for lithotripsy device globally. On the other hand, unpropitious healthcare reforms in the US, unpropitious effects associated with lithotripsy and the availability of alternative treatments for stone abstraction are a few key factors that are expected to restrain the magnification of Global Lithotripsy Devices Market during the forecast period.

Global Lithotripsy Devices Market is classified into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America has been the largest market for Global Lithotripsy Devices Market, owing to increased awareness, incrementing incidence of urolithiasis, increasing prevalence of kidney stones and technological advancements in lithotripsy contrivances in the region. Asia Pacific market is expected to grow at the fastest rate during the forecast period owing to the incrementing cases of lithotripsy. New players are looking forward towards investment in the Asia Pacific market due to more patient pool and increment utilization of lithotripsy devices.

The major player in the Global Lithotripsy Devices Market are Siemens AG (Germany), Boston Scientific (US), Dornier MedTech (Germany), Olympus America (Japan), DirexGroup (Germany), and Richard Wolf (Germany), Ince Medical, ELMED Elektronik ve Medikal San. TIC. A.S., Grupo Maxwerk, Haiying Enterprises Group Co. Ltd., cook. C. R. Bard, Inc., lumenis, Karl Storz Gmbh and Co. KG.

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The years that have been considered for the study are:

• Base year – 2016
• Estimated year – 2017
• Forecast period – 2017 to 2024

Global Lithotripsy Devices Market Key Segment:

• Global Lithotripsy Devices Market By Type
• Extracorporeal Shock Wave Lithotripsy Devices
• Intracorporeal Lithotripsy Devices

? Laser Lithotripsy Devices

? Electrohydraulic Lithotripsy Devices

? Ultrasonic Lithotripsy Devices

? Mechanical Lithotripsy Devices

• Global Lithotripsy Devices Market By Application
• Kidney Stones
• Ureteral Stones
• Pancreatic Stones
• Bile Duct Stones
• Global Lithotripsy Devices Market By End User
• Hospitals
• Ambulatory Surgical Centers
• Other End Users

Global Lithotripsy Devices Market, By Region

North America

• U.S
• Canada

Europe

• Germany
• France
• UK
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific

• Japan
• China
• India
• South Korea
• Australia
• Rest of Asia Pacific

Rest of the World (ROW)

• Middle-East
• Africa
• Latin America

Research Methodology:

The market is estimated by analysing the data points obtained from various sources and conducting them into a predictor model created specifically for each individual market. The data points are extracted from paid and unpaid sources along with paid primary interviews with key opinion leaders in the market. Key opinion leaders from both demand and supply sides of market were considered while conducting interviews to get unbiased idea of the market. This exercise was done at country level to get fair idea of the market in countries considered for this analysis. This country specific analysis was accumulated to establish regional numbers and then arrive at global market value for Global Lithotripsy Devices Market.

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