The Global Lithotripsy Market has been evaluated as steadily growing market and it is expected that the market will continue to grow similarly in the near future. Rising demand for technological advanced products, new product launches, changing healthcare environment and increasing prevalence of kidney stone are the major driving forces for the global lithotripsy market. Healthcare sector is rapidly adopting new technology that leading the market growth for lithotripsy. The market for lithotripsy was around US$ 396.2 million in 2016 and is expected to reach US$ 524.9 million which is projected to grow at a CAGR of 4.1% by 2023.
Lithotripsy is medical procedure that break kidney stones in small pieces. It use shock wave to break kidney stones so that it can travel through urinary track and remove from the body. Changing technology and innovation are major driving forces for the global lithotripsy market. Increasing adoption of new products and rising demand for advanced medical instruments are key factors for market growth. Major manufactures are increasing funding for new product development that leading to innovation and increasing competition in this market. Increasing burden of kidney stone is major factor for market growth.
Lithotripsy Market – Major Players
There are plenty of large and small market players which operate in this market: Boston Scientific (US), DIREX, S.L. (Spain), Dornier MedTech.(Germany), EDAP TMS (France), Elmed Electronics & Medical Industry & Trade Inc.(Turkey), Jena Med Tech GmbH (Germany), Medispec LTD (US), Olympus Corporation (Japan), Siemens Healthcare GmbH (Germany), STORZ MEDICAL AG (Switzerland), and others.
Lithotripsy Market – Intended Audience
- Lithotripsy device manufacturers
- Lithotripsy devices suppliers
- Medical Research laboratories
- Research and Development (R&D) Companies
- Market Research and Consulting Service Providers
- Potential Investors
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Lithotripsy Market – Regional Analysis
Considering the global scenario of the lithotripsy market, Americas is holding largest market share in global lithotripsy market in 2016. While the European market is second largest market and Western Europe region is the growing with the fastest rate and accounts largest share in European market due to rising healthcare expenditure and increasing awareness for the new products and therapies. On the other hand, Asia-Pacific region will be fastest growing market for lithotripsy during the forecast period. Middle East and Africa is expected to grow at steady pace during the forecast period.
Lithotripsy Market – Segmentation
Global Lithotripsy Market has been segmented on the basis of type, Extracorporeal shock wave lithotripsy (ESWL), Intracorporeal (endoscopic lithotripsy), Percutaneous lithotripsy, and others. Intracorporeal is further sub segmented into Laser lithotripsy, electrohydraulic lithotripsy, Mechanical lithotripsy, and Ultrasonic lithotripsy. On the basis of end user market is segmented into Hospitals and clinics, Research laboratories, Academic Institutes, and others.
Table of Content
1. Report Prologue
2.2 Scope of the Study
2.2.1 Research Objective
2.3 Market Structure
2.4. Market Segmentation
3. Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4. Market Dynamics
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