Extracorporeal Shock Wave Lithotripsy Market Size (2024 - 2029)

The Extracorporeal Shock Wave Lithotripsy market is projected to experience significant growth due to the increasing adoption of minimally invasive procedures and the rising prevalence of kidney stones. This market expansion is driven by the high incidence of kidney stone disorders, particularly in developed countries, which boosts the demand for lithotripsy devices. Additionally, the introduction of new products and strategic mergers and acquisitions are expected to further enhance market dynamics. Despite these growth drivers, certain limitations of the ESWL procedure may pose challenges to market expansion over the forecast period.

Market Size of Extracorporeal Shock Wave Lithotripsy Industry

Extracorporeal Shock Wave Lithotripsy Market Summary
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

Extracorporeal Shock Wave Lithotripsy Market 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
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
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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.

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Extracorporeal Shock Wave Lithotripsy Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Growing Adoption of Minimally Invasive Procedures

      2. 1.2.2 Growing Risk Factors That Lead to Kidney Stones

    3. 1.3 Market Restraints

      1. 1.3.1 Limitations Of Extracorporeal Shock Wave Lithotripsy (ESWL)

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD)

    1. 2.1 By Technology

      1. 2.1.1 Electromagnetic

      2. 2.1.2 Electrohydraulic

      3. 2.1.3 Piezoelectric

    2. 2.2 By Application

      1. 2.2.1 Kidney Stone

      2. 2.2.2 Pancreatic Stone

      3. 2.2.3 Other Applications

    3. 2.3 By End User

      1. 2.3.1 Hospital

      2. 2.3.2 Clinic

      3. 2.3.3 Other End Users

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Italy

        5. 2.4.2.5 Spain

        6. 2.4.2.6 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 Australia

        5. 2.4.3.5 South Korea

        6. 2.4.3.6 Rest of Asia-Pacific

      4. 2.4.4 Rest of the World

Extracorporeal Shock Wave Lithotripsy Market Size FAQs

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.

In 2024, the Extracorporeal Shock Wave Lithotripsy Market size is expected to reach USD 318.13 million.

Extracorporeal Shock Wave Lithotripsy Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)