Market Size of Extracorporeal Shock Wave Lithotripsy Industry
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 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 Size Summary
The extracorporeal shock wave lithotripsy (ESWL) market is poised for substantial growth, driven by the increasing prevalence of kidney stones and the rising demand for minimally invasive medical procedures. The market is expected to expand significantly over the forecast period, supported by the high incidence of kidney stone disorders, particularly in developed regions like North America. The growing adoption of ESWL, a non-invasive treatment that effectively fragments kidney stones, is anticipated to be fueled by the rising number of patients with diabetes, obesity, and metabolic disorders, which are known risk factors for kidney stone formation. The procedure's high success rate and minimal discomfort further bolster its appeal, encouraging its adoption as a preferred treatment option.
The market landscape is characterized by a semi-consolidated structure, with several key players actively engaging in research and development to introduce innovative solutions that enhance patient outcomes. Companies such as Olympus, Dornier MedTech, MTS Medical, Cook Medical, and Richard-Wolf are at the forefront, expanding their market presence through strategic collaborations and product launches. Recent advancements, such as the introduction of AI-driven tools and advanced ESWL machines, underscore the industry's commitment to improving patient care and treatment efficiency. These developments, coupled with the increasing prevalence of kidney stones, are expected to propel the growth of the ESWL market, making it a critical component of the urological treatment portfolio.
Extracorporeal Shock Wave Lithotripsy Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Growing Adoption of Minimally Invasive Procedures
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1.2.2 Growing Risk Factors That Lead to Kidney Stones
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1.3 Market Restraints
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1.3.1 Limitations Of Extracorporeal Shock Wave Lithotripsy (ESWL)
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD)
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2.1 By Technology
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2.1.1 Electromagnetic
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2.1.2 Electrohydraulic
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2.1.3 Piezoelectric
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2.2 By Application
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2.2.1 Kidney Stone
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2.2.2 Pancreatic Stone
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2.2.3 Other Applications
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2.3 By End User
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2.3.1 Hospital
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2.3.2 Clinic
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2.3.3 Other End Users
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Rest of the World
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Extracorporeal Shock Wave Lithotripsy Market Size 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.