Extracorporeal Shock Wave Lithotripsy Market Size (2024 - 2029)

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.