Lithotripsy devices market is expected to grow at a moderate rate during the forecast period 2019-2025. Lithotripsy is a medical procedure which uses ultrasonic energy or mechanical shock waves to treat bladder stones and renal & ureteral stones, once they are located with ultrasound and fluoroscopy. ESWL and intracorporeal lithotripsy systems are used for the treatment of these conditions. The crucial factors leading to an increase in the growth of the market include rising demand for non-invasive procedures and the significant prevalence of kidney stones. For instance, according to the National Institute of Diabetes and Digestive and Kidney Disease (NIDDK), kidney stones are common and its prevalence is rising significantly. Nearly 11% of men and 6% of women in the US have kidney stones at least once in their lifetime.

Some conditions which significantly increase the risk of kidney stones include diabetes, obesity, high blood pressure and inflammatory bowel disease. Diabetes is the major risk factor for kidney stones. The patients with diabetes may have highly-acidic urine which significantly increases the risk of developing uric acid stones. Moreover, uncontrolled diabetes may result in dehydration, which is also a major risk factor for developing calcium oxalate stones. Hence, diabetes is a crucial factor which leads to a rise in the chances of developing stones. For treatment of kidney stones, lithotripsy is a procedure uses shock wave treatment that enables to break stones into pieces. The major benefit of lithotripsy includes it is performed without surgery that results in the reduction of costs, complications, hospitals stays and recovery period. This primarily results in the demand for lithotripsy devices in the procedure.

Moreover, the global lithotripsy devices market is further classified into device and application. Based on the device, the market is further classified into ESWL and intracorporeal lithotripsy. Extracorporeal shock wave lithotripsy is a very common procedure for treatment of kidney and ureter stones that doesn’t require surgery. As it is a non-invasive procedure, it is usually safer and easier to recover as compared to invasive procedures. It uses an energy source that produces shock wave which is directed at the stone. ESWL treatment is highly used in several cases, where stones are less than 2 cm in size. Based on application, the market is further classified into kidney, bladder, ureteral and others.

Geographically, the global lithotripsy market is segmented into four major regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America lithotripsy market has been primarily driven by the rising demand for non-invasive procedures. However, Asia-Pacific is estimated to witness optimistic growth due to the increasing prevalence of kidney stones.

The major companies in the market include HealthTronics, Inc., Boston Scientific Corp., Olympus Corp., Dornier MedTech GmbH, Siemens AG. These companies are adopting various strategies, such as merger and acquisitions, product launches, partnership, and collaborations to expand market share. For instance, in May 2018, Dornier MedTech GmbH introduced its first smart lithotripter with the use of big data. This named Dornier Delta III SmartLitho that uses Dornier’s proprietary analytic algorithm, which can offer real-world data from ESWL treatment for urological stones. The novel algorithm allows urologist to make evidence-based and personalized decisions by evaluating historical success rates of treatment modalities as well as balance and identify costs. With the use of this technology, the urologists would have access to a wide range of clinical information and data points. This could eventually lead to highly efficient healthcare delivery and better patient outcomes.

Research Methodology

The market study of the global lithotripsy devices market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
  
• Authentic public databases
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for government and private companies for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

Global Lithotripsy Devices Market Research and Analysis by Device

Global Lithotripsy Devices Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of global lithotripsy devices market.
  
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global lithotripsy devices market.
• Insights about market determinants which are stimulating the global lithotripsy devices market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.