Lithotripsy Device Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.66 Billion |
| Market Size (2029) | USD 2.13 Billion |
| CAGR (2024 - 2029) | 5.16 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Lithotripsy Device Market Analysis
The Lithotripsy Device Market size is estimated at USD 1.66 billion in 2024, and is expected to reach USD 2.13 billion by 2029, growing at a CAGR of 5.16% during the forecast period (2024-2029).
The COVID-19 pandemic has had an adverse impact on the lithotripsy device market initially. With the outbreak of COVID-19, the lithotripsy device market experienced a decline in growth. The non-COVID treatment such as surgical interventions and non-urgent medical treatment was temporarily postponed or canceled amid the pandemic. The data published by Kidney Care UK in March 2021, stated that over 56% of the patients reported disruption in their care received from the National Health Service (NHS). It was further stated that over 28% of the patients were waiting for surgery and could not get their regular appointment. Over 18% of the patients faced challenges to contact their general practitioner or hospital teams for medical consultations and over 7% of the patients reported being unwell because of the delay in their treatment and care. However, in the post-pandemic period, the number of COVID-19 cases has decreased and the lifting of the lockdown along with the resumption of elective, non-COVID, and non-urgent procedures are expected to enable the market to increase gradually in coming years. Thus, the COVID-19 outbreak has adversely impacted the market's growth in its preliminary phase. Moreover, the market is expected to grow further at a stable pace with the resumption of kidney care and kidney stone removal procedures, globally.
Further, the market is expected to grow further with the increasing incidence of urolithiasis, a rise in the number of extracorporeal shock waves lithotripsy procedures, and technological advancements coupled with rising awareness. Urolithiasis is a common urologic problem, and it poses a significant burden on the healthcare system globally. It is associated with an increased risk of end-stage renal failure, which is driving the demand for lithotripsy devices. As per a study published in the journal Urolithiasis in February 2021, the incidence of nephrolithiasis has been increasing every year, with an estimated incidence rate of 10.1% in the United States. Thus, the increasing global prevalence of urolithiasis necessitates safe, efficacious, and affordable treatment for urolithiasis. Over the years, lithotripsy has become the most preferred method for the treatment of kidney stones, mainly due to the advantage of its relative safety, low cost, less recovery time, and positive patient outcomes. Thus, all these factors are responsible for driving the market's growth.
Therefore, owing to the aforementioned factors the studied market is anticipated to witness growth over the analysis period. However, the adverse effects associated with lithotripsy, and the availability of alternative treatments for stone removal is likely to impede market growth.
Lithotripsy Device Market Trends
Extracorporeal Shock Wave Lithotripsy (ESWL) Devices Segment Expected to Have a Significant Market Share
Extracorporeal shock wave lithotripsy is a technique for treating stones in the kidney and ureter that do 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. Extracorporeal shock wave lithotripsy devices (ESWL) are used for the treatment of kidney and ureter stones. This technology has been utilized by physicians worldwide and is expected to increase its penetration over the coming years due to the advantages offered, such as minimal invasiveness, reduced pain, shorter hospital stays, and quicker recovery time. Generally, this procedure is considered safe and less time-consuming as it takes only 45 minutes to perform. The growing demand for non-invasive procedures is leading to the adoption of ESWL. A study published in the Journal Disease Markers in July 2022 highlighted the high efficacy of ESWL for the management of urinary calculi. The study further highlighted the safety, and lower low incidence of adverse events, after the procedure. Further, a study published in the Urolithiasis in January 2023, underlines the minimally invasive nature of the ESWL procedure and its wide usage. The study stated that over 92% of the kidney stones patients covered in the study had their kidney stones cleared after the ESWL procedure.
Further, the key developments in the extracorporeal shock wave lithotripsy segment is also expected to boost the growth of the segment. For instance, in September 2022, Advanced MedTech Holdings, the acquired the WIKKON, Chinese company of urology and shock wave therapy devices. The acquisition would strengthen the extracorporeal shock wave lithotripsy portfolio of Advanced MedTech Holdings with the WIKKON advanced portfolio of urological solutions. Further, in June 2021, STORZ MEDICAL received the FDA 510 (k) clearance for its MODULITH SLX-F2 extracorporeal shock wave lithotripter for the new indications. With the FDA 510 (k) clearance the extracorporeal shock wave lithotripter would be able to offer non-invasive treatment of kidney stone.
Therefore, the extracorporeal shock wave lithotripsy segment is expected to witness significant growth over the forecast period due to the abovementioned factors, including its usage in the management of kidney stones and key developments in the segment.
North America Holds the Significant Share of the Lithotripsy Device Market
In North America, the lithotripsy devices market is projected to witness growth over the forecast period. Chronic kidney diseases are estimated to be more common in women than men. The number of chronic kidney diseases is found to be increasing globally. Kidney disease statistics for the US convey the burden of chronic kidney disease (CKD) and end-stage renal disease (ESRD). According to the data published by the Centers for Disease Control and Prevention, in July 2022, around 37 million people, i.e., 1 out of every 7, or 15% of the adult population, were estimated to have chronic kidney diseases. With the increasing cases of kidney disease, over 50,000 lithotripsy procedures are completed annually in the United States, which helps drive the lithotripsy devices market. A study published in the journal Medicina by the researchers of Mexico, in March 2022, highlighted the high prevalence and recurrence of Nephrolithiasis and the required surgical interventions in the population of Southeast Mexico.
Further, the developments and investment in the region are also expected to boost the growth of the lithotripsy market in North America. For instance, in July 2022, a United States based medical device company that is focused on kidney care and kidney stones management, received funding of USD 32.7 million in the Series C financing round led by Questa Capital and CR Group L.P. (CRG). Further, in November 2022, Adventist Health Hanford invested over USD 250,000 into the new laser technology for the treatment of kidney stones. Under the investment, the hospital would purchase Lumenis Pulse 120H Holmium Laser System with MOSES Technology which is capable to offer faster procedures by saving 20% of the time, less use of anesthesia, faster recovery times, and ease of treating outpatients without a hospital stay.
Therefore, owing to the aforesaid factors the growth of the studied market is anticipated in the North America Region.
Lithotripsy Device Industry Overview
The Lithotripsy Device market is moderately consolidated in nature due to the presence of a few companies operating globally as well as regionally. The competitive landscape includes an analysis of some international as well as local companies that hold market shares and are well known, including EDAP TMS, DirexGroup, Becton, Dickinson, and Company, Olympus Corporation, and Cook Medical LLC. Dornier MedTech (Advanced MedTech), Storz Medical AG, Boston Scientific Corporation, Novamedtek, Elmed Medical Systems, Karl Storz SE & Co. KG, and Siemens Healthineers AG, among others.
Lithotripsy Device Market Leaders
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EDAP TMS
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DirexGroup
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Boston Scientific Corporation
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Olympus Corporation
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Cook Medical LLC
*Disclaimer: Major Players sorted in no particular order
Lithotripsy Device Market News
- In March 2022, Shockwave Medical, Inc. globally launched its new peripheral intravascular lithotripsy (IVL) catheter, Shockwave M5+ peripheral IVL catheter after receiving both CE Mark and USFDA clearance. The device is specifically designed to reduce the time of IVL treatment, offer alternative access options, and expand access the IVL therapy to patients with larger vessel sizes.
- In November 2021, Shockwave Medical Inc. provided the safety and effectiveness of coronary Intravascular Lithotripsy (IVL) for the treatment of Intravascular Lithotripsy (IVL).
Lithotripsy Device 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 Increasing Burden of Urolithiasis
4.2.2 Rise in Number of Extracorporeal Shock Wave Lithotripsy Procedures
4.2.3 Technological Advancements in Minimally Invasive Surgeries
4.3 Market Restraints
4.3.1 Adverse Effects Associated with Lithotripsy
4.3.2 Availability of Alternative Treatments for Stone Removal
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 million)
5.1 By Type
5.1.1 Extracorporeal Shock Wave Lithotripsy Devices
5.1.2 Intracorporeal Lithotripsy Devices
5.1.2.1 Laser Lithotripsy Devices
5.1.2.2 Electrohydraulic Lithotripsy Devices
5.1.2.3 Ultrasonic Lithotripsy Devices
5.1.2.4 Pneumatic (Ballistic) Lithotripsy Devices
5.2 By Application
5.2.1 Kidney Stones
5.2.2 Ureteral Stones
5.2.3 Pancreatic Stones
5.2.4 Bile Duct Stones
5.3 By End User
5.3.1 Hospitals
5.3.2 Ambulatory Surgical Centers
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 Middle East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle-East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 EDAP TMS
6.1.2 Boston Scientific Corporation
6.1.3 Olympus Corporation
6.1.4 Dornier MedTech (Advanced MedTech)
6.1.5 Becton, Dickinson, and Company
6.1.6 Storz Medical AG
6.1.7 Cook Medical LLC
6.1.8 DirexGroup
6.1.9 Novamedtek
6.1.10 Elmed Medical Systems
6.1.11 Karl Storz SE & Co. KG
6.1.12 Siemens Healthineers AG
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Lithotripsy Device Industry Segmentation
As per the scope of the report, lithotripsy is a procedure that uses shock waves to break up the stones in the kidney, bladder, or ureter. After the procedure, tiny pieces of stones pass out of the body through the process of urination. However, large-sized stones are not able to pass through routine urination. Thus, the formation of stones can lead to bleeding, severe pain in the urinary tract, infection, and kidney damage. The lithotripsy device market is segmented into by Type (Extracorporeal Shock Wave Lithotripsy Devices and Intracorporeal Lithotripsy Devices), Application (Kidney Stones, Ureteral Stones, Pancreatic Stones, and Bile Duct Stones), End User (Hospitals, Ambulatory Surgical Centers, and Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.
| By Type | ||||||
| Extracorporeal Shock Wave Lithotripsy Devices | ||||||
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| By Application | |
| Kidney Stones | |
| Ureteral Stones | |
| Pancreatic Stones | |
| Bile Duct Stones |
| By End User | |
| Hospitals | |
| Ambulatory Surgical Centers | |
| Other End Users |
| Geography | ||||||||
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Lithotripsy Device Market Research FAQs
How big is the Lithotripsy Device Market?
The Lithotripsy Device Market size is expected to reach USD 1.66 billion in 2024 and grow at a CAGR of 5.16% to reach USD 2.13 billion by 2029.
What is the current Lithotripsy Device Market size?
In 2024, the Lithotripsy Device Market size is expected to reach USD 1.66 billion.
Who are the key players in Lithotripsy Device Market?
EDAP TMS, DirexGroup, Boston Scientific Corporation, Olympus Corporation and Cook Medical LLC are the major companies operating in the Lithotripsy Device Market.
Which is the fastest growing region in Lithotripsy Device Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Lithotripsy Device Market?
In 2024, the North America accounts for the largest market share in Lithotripsy Device Market.
What years does this Lithotripsy Device Market cover, and what was the market size in 2023?
In 2023, the Lithotripsy Device Market size was estimated at USD 1.57 billion. The report covers the Lithotripsy Device Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Lithotripsy Device Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Lithotripsy Devices Industry Report
The Lithotripsy Devices market report offers a comprehensive industry analysis, focusing on the global market trends and growth rate. The report covers the market segmentation by type, application, and end user, providing a detailed market overview and market outlook. It includes insights into the market leaders and the market value, supported by extensive industry research and industry statistics.
The market report provides an industry overview and market forecast, highlighting the market growth and market predictions. The report also features a market review, detailing the market segmentation and market data across various regions. It presents an industry outlook on the lithotripsy devices market, emphasizing the industry size and industry sales.
The industry reports offer valuable industry information and market predictions, making it a crucial resource for research companies. The report pdf and report example are available for further insights, providing a detailed examination of the market trends and market segmentation. The market analysis includes a thorough market forecast, ensuring a comprehensive understanding of the market dynamics and market value.
In summary, this report is an essential tool for understanding the lithotripsy devices market, providing in-depth industry analysis and market research. It covers all aspects of the market, from market data to market trends, ensuring a holistic view of the industry.
Lithotripsy Devices Market Report Snapshots
