PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1410588
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1410588
Kidney stones can cause excruciating pain, bleeding, and urinary tract infections, posing a significant health challenge. Lithotripsy, a medical procedure, offers a solution by using sound waves to break down kidney stones and stones in other organs, such as the gallbladder or liver. Extracorporeal shock wave lithotripsy is the most common form of lithotripsy, preferred for its safety and cost-effectiveness.
The global Lithotripsy Device Market is poised for growth, driven primarily by the increasing prevalence of kidney stones. Kidney stones have become a common health issue, with modern lifestyles, diminished fluid intake, and dietary factors contributing to their rise. Research articles on kidney stones have shown a global increase in cases.
Lithotripsy has emerged as the preferred treatment method for kidney stones, owing to its relative safety, affordability, shorter recovery time, and positive patient outcomes. Intracorporeal lithotripsy devices, in particular, are effective against all types of kidney stones, boasting high success rates for ureteral stones with minimal complications.
Changing lifestyle patterns, including decreased fluid and calcium intake, have contributed to the rising prevalence of kidney stones. Epidemiologic studies have also linked increased sodium and animal protein consumption to an elevated risk of kidney stones. Consequently, the global lithotripsy device market is expected to witness significant growth.
The global lithotripsy device market has been segmented based on type (intracorporeal and extracorporeal lithotripsy devices), modality (standalone and portable lithotripsy devices), and end-users (hospitals, ambulatory surgical centers, and specialty clinics).
The global lithotripsy device market spans six major regions: North America, Latin America, Europe, Asia-Pacific excluding China, China, and the Middle East & Africa (MEA). Europe is anticipated to lead the market, thanks to the presence of key industry players. The Asia-Pacific excluding China market is expected to follow closely, with North America also holding a significant market share. Together, Asia Pacific and Europe are projected to account for approximately 50% of the market share in the forecast period. MEA and Latin America are set to experience rapid growth due to increased healthcare spending.
Key players in the lithotripsy device market include: Dornier MedTech, Allenger, STORZ Medical, Lumenis, ms Westfalia, MTS medical, Direx Group, Medispec Ltd., GEMSS Co., Ltd., Richard Wolf, EMS Electro Medical Systems, Walz Elektronik GmbH, Boston Scientific Corporation, Beijing SODY Medical Equipment Co.,Ltd., Apex-MediTech, and more.