Global Lithotripsy Devices Market at a CAGR of 5.2% Growth, Trends and Absolute Opportunity up to 20

Global Lithotripsy Devices Market is expected to reach USD 2.12 billion by 2025, from USD 1.41 billion in 2017 growing at a CAGR of 5.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Lithotripsy is a technique of breaking the process of urolithiasis. Urolithiasis is the process stones formation in the kidney, bladder, and/or urethra. It can be mostly observed that the kidney stones cause blood in the urine and discomfort in the abdomen and flank, or in the groin that is the area between the abdomen and the upper thigh on either side of the body. The people suffer from kidney stones that occur in 1 in 20 people at some point of time. Lithotripsy procedure also uses shock wave to break up stones in the internal organ like kidney, bladder, or ureter. Subsequently in this procedure, the tiny pieces of stones pass out of the body with the help of urine.

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Competitive Analysis: Global Lithotripsy Devices Market

The global lithotripsy devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Lithotripsy Devices market for global, Europe, North America, Asia Pacific and South America.

Major Market Competitors/Players: Global Lithotripsy Devices Market

Some of the major players operating in the market are Richard Wolf, Direxgroup, Medispec LTD, C. R. Bard, Inc., Novamedtek, Karl Storz Gmbh, LUMENIS., COOK, Dornier, Medtech, Siemens AG, Storz Medical AG, Direx Group, Boston Scientific Corporation, Olympus, Medispec and Walz Elektronik among others.

Market Segmentation: Global Lithotripsy Devices Market

The global lithotripsy devices market is segmented based on type, application, distribution channel and geographical segments.

• Based on type, the market is segmented into intracorporeal lithotripsy and extracorporeal shock wave lithotripsy. The intracorporeal lithotripsy segment is further segmented into mechanical lithotripsy, electrohydraulic lithotripsy (EHL), laser lithotripsy and ultrasonic lithotripsy.
• On the basis of application, the market is classified into kidney stone, pancreatic stones, ureteral stones and bile duct stone.
• On the basis of end users, the market is segmented into hospitals, ambulatory surgical centers, and other end users.
• Based on geography the market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.

Major Market Drivers and Restraints:

• Increasing incidence of urolithiasis
• Technological advancements
• Unfavorable healthcare reforms in the US
• Adverse effects associated with lithotripsy and the availability of alternative treatments for stone removal

Reasons to Purchase this Report

• Current and future of global lithotripsy devices market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report

• The report includes the complete segmentation displayed above across all above mentioned countries
• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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