Extracorporeal Shock Wave Lithotripsy Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 318.13 Million |
| Market Size (2029) | USD 428.83 Million |
| CAGR (2024 - 2029) | 6.15 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Extracorporeal Shock Wave Lithotripsy Market Analysis
The Extracorporeal Shock Wave Lithotripsy Market size is estimated at USD 318.13 million in 2024, and is expected to reach USD 428.83 million by 2029, growing at a CAGR of 6.15% during the forecast period (2024-2029).
Factors driving market growth include the growing adoption of minimally invasive procedures and the growing risk factors that lead to kidney stones.
The high prevalence of kidney stone disorder in developed countries, such as the United States, is anticipated to boost market growth over the forecast period. According to the National Kidney Foundation, in 2024, more than half a million people are expected to go to emergency rooms for kidney stone problems. It is also estimated that one in ten people will have a kidney stone at some point in their lives. Such a high prevalence is anticipated to increase the adoption of extracorporeal shock wave lithotripsy devices, driving market growth.
The rising prevalence of kidney and ureter stones and the increasing demand for minimally invasive procedures are expected to fuel the ESWL market. According to an article published in the Healthcare Journal in September 2022, the global prevalence of nephrolithiasis was approximately 20% during 2022. Also, the health and economic burdens caused by kidney stone disease are enormous worldwide. Hence, there is a growing need for procedures such as lithotripsy, boosting the demand for extracorporeal shock wave lithotripsy (ESWL) devices.
Product and service launches and mergers and acquisitions are anticipated to boost market growth over the forecast period. For instance, ESWL was introduced at BHR University Hospitals in the United Kingdom in February 2023. The introduction of the ESWL machine not only enhanced patient experience but also directly supported the hospital's initiatives to reduce waiting lists of patients suffering from kidney stones.
Therefore, the growing adoption of minimally invasive procedures and the growing risk factors that lead to kidney stones are anticipated to drive market growth. However, the limitations of ESWL may restrain the growth over the forecast period.
Extracorporeal Shock Wave Lithotripsy Market Trends
The Kidney Stones Segment is Projected to Grow Significantly During the Forecast Period
Several risk factors contribute to the prevalence of kidney stones, such as obesity, metabolic disorders, intestinal injuries, certain medications, and diabetes.
According to the International Federation of Diabetics (IFD) Report 2022, the number of people with diabetes is expected to rise to 643 million by 2030 and 783 million by 2045. Moreover, the incidence of Type 2 diabetes is rising rapidly in low- and middle-income countries, affecting 79% of adults in these regions. For people with diabetes, kidney stones can be especially troublesome, as the sugar in their urine creates a breeding ground for bacteria. As a result, the increasing prevalence of diabetes and kidney stones is expected to boost the demand for kidney stone treatments over the forecast period.
One of the most common and effective treatments for kidney stones is extracorporeal shock wave lithotripsy (ESWL). This procedure involves shattering the kidney stone into smaller fragments that can quickly pass through the urinary tract and exit the body. For instance, according to the study published in the African Journal of Urology in January 2024, ESWL monotherapy is a safe and effective treatment for vesical calculi, providing patients with minimal discomfort, particularly when performed in a supine position without the routine use of a per urethral catheter.
According to the above study, ESWL should receive greater consideration from urologists managing vesical calculi. The study highlighted a notable success rate for ESWL at 93.1% after a single session, increasing to 100% after two sessions. Therefore, the high success rate of ESWL in managing kidney stones is anticipated to increase the adoption of this technique, thereby boosting the segment’s growth.
The kidney stones segment is poised for significant growth over the forecast period due to the rising incidence of kidney stones worldwide and increasing risk factors such as diabetes, obesity, and metabolic disorders. Additionally, the increased success of the ESWL technique in the management of kidney stones is expected to drive market growth.
North America is Anticipated to Hold a Significant Market Share During the Forecast Period
North America is expected to hold a significant market share in the ESWL market over the forecast period, owing to many obese and diabetic patients prone to stone formation.
According to the research study published in the Journal of Americal Urological Association in January 2024, among US adults aged 20 years and older, 9.9% (23.7 million) of individuals reported a history of kidney stones during their lifetime, and 1.8% (4.4 million) had passed a kidney stone in the past 12 months. Therefore, the high prevalence and incidence of kidney stones are anticipated to increase the adoption of non-invasive treatments such as ESLW for kidney stones, thereby propelling market growth.
Furthermore, according to the research article published by Cleaveland Clinic in April 2024, ESWL stands out as a crucial, minimally invasive alternative to surgery for large stones and offers a promising solution for complex cases. Such research studies indicate the importance of ESWL as it enhances the treatment portfolio of hospitals and expands the treatment options available to patients, thereby boosting market growth.
Thus, owing to the above-mentioned factors, such as the high prevalence of kidney stones and the significance of ESWL in treating kidney stones, the market is expected to grow over the forecast period.
Extracorporeal Shock Wave Lithotripsy Industry Overview
The market for extracorporeal shock wave lithotripsy is semi-consolidated, with several international and local companies holding significant market shares. These companies actively engage in research and development activities to introduce innovative products that offer better patient outcomes and improved efficiency. Moreover, they are also expanding their market presence through strategic collaborations, partnerships, and mergers and acquisitions. Some of the companies operating in the market include Olympus, Dornier MedTech, MTS Medical, Cook Medical, and Richard-Wolf, among others.
Extracorporeal Shock Wave Lithotripsy Market Leaders
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Olympus
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Dornier MedTech
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MTS Medical
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Cook Medical
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Richard-Wolf
*Disclaimer: Major Players sorted in no particular order
Extracorporeal Shock Wave Lithotripsy Market News
- May 2024: Dornier Medtech, in collaboration with urologists, introduced Urogpt, an advanced AI tool designed for patients with kidney stones. This launch highlighted Dornier's commitment to digital solutions that prioritize patient needs. Urogpt represented a significant advancement in the company's mission to support individuals with kidney stones. The app provides urology patients with immediate advice and actionable insights, offering clarity and reassurance.
- February 2024: An extracorporeal shock wave lithotripsy (ESWL) machine was inaugurated at INHS Asvini's Urology Department. This advanced ESWL machine offers a non-invasive solution for fragmenting kidney stones, marking a significant improvement in the treatment of kidney stone diseases and patient care at INHS Asvini.
Extracorporeal Shock Wave Lithotripsy Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Adoption of Minimally Invasive Procedures
4.2.2 Growing Risk Factors That Lead to Kidney Stones
4.3 Market Restraints
4.3.1 Limitations Of Extracorporeal Shock Wave Lithotripsy (ESWL)
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD)
5.1 By Technology
5.1.1 Electromagnetic
5.1.2 Electrohydraulic
5.1.3 Piezoelectric
5.2 By Application
5.2.1 Kidney Stone
5.2.2 Pancreatic Stone
5.2.3 Other Applications
5.3 By End User
5.3.1 Hospital
5.3.2 Clinic
5.3.3 Other End Users
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Cook Medical
6.1.2 Siemens Healthcare GmbH
6.1.3 Olympus
6.1.4 Dornier MedTech
6.1.5 Storz Medical AG
6.1.6 MTS Medical
6.1.7 WIKKON
6.1.8 Richard-Wolf
6.1.9 DirexGroup
6.1.10 EDAP TMS
6.1.11 Allengers
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Extracorporeal Shock Wave Lithotripsy Industry Segmentation
Extracorporeal shock wave lithotripsy is a technique for treating stones in the kidney and ureter that does not require surgery. Instead, high-energy shock waves are passed through the body and used to break stones into pieces as small as grains of sand. This technology has been utilized by physicians worldwide due to its advantages, such as minimal invasiveness, reduced pain, shorter hospital stays, and quicker recovery.
The extracorporeal shock wave lithotripsy market is segmented by technology, application, end user, and geography. By technology, the market is segmented into electromagnetic, electrohydraulic, and piezoelectric. By application, the market is segmented into kidney stones, pancreatic stones, and others. By end user, the market is segmented into hospitals, clinics, and others. The report also covers the estimated market sizes and trends for 13 countries across major regions globally. The report offers the value (USD) for all the above segments.
| By Technology | |
| Electromagnetic | |
| Electrohydraulic | |
| Piezoelectric |
| By Application | |
| Kidney Stone | |
| Pancreatic Stone | |
| Other Applications |
| By End User | |
| Hospital | |
| Clinic | |
| Other End Users |
| Geography | ||||||||
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| Rest of the World |
Extracorporeal Shock Wave Lithotripsy Market Research FAQs
How big is the Extracorporeal Shock Wave Lithotripsy Market?
The Extracorporeal Shock Wave Lithotripsy Market size is expected to reach USD 318.13 million in 2024 and grow at a CAGR of 6.15% to reach USD 428.83 million by 2029.
What is the current Extracorporeal Shock Wave Lithotripsy Market size?
In 2024, the Extracorporeal Shock Wave Lithotripsy Market size is expected to reach USD 318.13 million.
Who are the key players in Extracorporeal Shock Wave Lithotripsy Market?
Olympus, Dornier MedTech, MTS Medical, Cook Medical and Richard-Wolf are the major companies operating in the Extracorporeal Shock Wave Lithotripsy Market.
Which is the fastest growing region in Extracorporeal Shock Wave Lithotripsy Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Extracorporeal Shock Wave Lithotripsy Market?
In 2024, the Asia-Pacific accounts for the largest market share in Extracorporeal Shock Wave Lithotripsy Market.
What years does this Extracorporeal Shock Wave Lithotripsy Market cover, and what was the market size in 2023?
In 2023, the Extracorporeal Shock Wave Lithotripsy Market size was estimated at USD 298.57 million. The report covers the Extracorporeal Shock Wave Lithotripsy Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Extracorporeal Shock Wave Lithotripsy Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Extracorporeal Shock Wave Lithotripsy Industry Report
Statistics for the 2024 Extracorporeal Shock Wave Lithotripsy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Extracorporeal Shock Wave Lithotripsy analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Extracorporeal Shock Wave Lithotripsy Market Report Snapshots
