Global Lithotripsy Device Market - Snapshot

Lithotripters are devices that are used to break the stones present in the kidneys, biliary duct, and pancreas. The global lithotripsy device market was valued at US$ 705.5 Mn in 2017 and is projected to reach US$ 984.3 Mn by 2026, expanding at a CAGR of 3.8% from 2018 to 2026. Rise in prevalence of gallstone and kidney stone diseases is anticipated to drive the global market. Additionally, favorable reimbursement for lithotripsy procedure and increase in awareness about kidney health are expected to augment the global lithotripsy device market. Moreover, inclination toward minimally invasive procedures is likely to propel the market across the globe. Furthermore, high cost of extracorporeal lithotripsy and available alternative treatment are key factors that are anticipated to restrain the market. According to the National Kidney Foundation, approximately 10% of the world’s population is affected by chronic kidney diseases. According to the Eastern Mediterranean Health Journal, the prevalence of upper urinary tract stones was high in children as well as adults.

lithotripsy device market

In terms of product, the lithotripsy device market has been categorized into intracorporeal lithotripsy and extracorporeal lithotripsy. The intracorporeal lithotripsy segment has been further sub-segmented into mechanical lithotripsy, electrohydraulic lithotripsy, laser lithotripsy, ultrasonic lithotripsy, and others. The extracorporeal lithotripsy segment dominated the market in 2017, due to a rise in the prevalence of kidney stones. Based on application, the market has been classified into kidney stones, biliary duct stones, and others. Increase in the prevalence of kidney stone, due to renal tubular acidosis, is anticipated to drive the kidney stone segment.

In terms of region, the global lithotripsy device market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America accounted for major share of the global market in 2017. The market in North America is driven by the presence of key players and high rate of adoption of technologies in the region. Additionally, a rise in the prevalence of kidney stone disease is likely to propel the market in the region. According to an article published in the Cleveland Clinic Journal of Medicine, 10% to 25 % of adults were suffering from gall bladder stones in 2015, in the U.S. Approximately 13% of men and 7% of women in the U.S. are diagnosed with kidney stones once during their lives. The market in Europe is driven by an increase in the prevalence of kidney stone. In Germany, approximately 1% to 2% people suffer from kidney stones each year. The market in Asia Pacific is expanding due to an increase in the prevalence of gallstones and kidney stones in the region.

The global lithotripsy device market is highly fragment, due to the presence of a large number of players. Major players operating in the global lithotripsy device market include Boston Scientific Corporation, Olympus Corporation, C. R. Bard, Inc. (Becton, Dickinson), EDAP TMS, Siemens Healthcare GmbH, Dornier MedTech, Cook, KARL STORZ, Richard Wolf GmbH, and EMS. Increase in trend of mergers & acquisitions and product approvals & launches in developing countries is expected to boost the global lithotripsy device market during the forecast period. In April 2018, Olympus Corporation acquired Cybersonics, Inc. for lithotripsy system design and production technology. This acquisition enabled the company to strengthen its urological portfolio. Additionally, this acquisition provides growth in core part of business. In July 2018, Dornier MedTech, a provider of products for kidney stone management, received approval from Pharmaceutical and Medical Device Agency for its Delta III product in Japan. This product approval enabled the company to enhance its product portfolio in Japan.

Global Lithotripsy Device Market: Overview 

This report analyzes the current and future scenario of the global lithotripsy device market. Increase in the prevalence of urolithiasis as well as rise in the demand for lithotripsy devices in stone management are projected to drive the global market. 

This report comprises an elaborate executive summary, which includes information about various segments of the global lithotripsy device market. It also provides information and data analysis of the global market with respect to the segments based on product, application, and region. A detailed qualitative analysis of drivers and restraints of the market and opportunities has been provided in the overview section. Additionally, the section comprises competitive matrix and company profiles along with business overview to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis by region and market share analysis by key players, thereby presenting a thorough analysis of the overall competitive scenario in the global lithotripsy device market. 

Global Lithotripsy Device Market: Key Segments

In terms of product, the global lithotripsy device market has been segmented into intracorporeal and extracorporeal lithotripsy. The intracorporeal segment has been further divided into mechanical lithotripsy, electrohydraulic lithotripsy, laser lithotripsy, ultrasonic lithotripsy, and others. Based on application, the global market has been classified into kidney stones, biliary duct stones, and others. The market size and forecast for each of these segments have been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year. 

Global Lithotripsy Device Market: Regional Outlook

In terms of region, the global lithotripsy device market has been segmented into North America (the U.S. and Canada), Europe (the U.K., Germany, France, Spain, Italy, and Rest of Europe), Asia Pacific (India, China, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (South Africa, GCC Countries, and Rest of Middle East & Africa). The market size and forecast for each of these regions and the mentioned countries/sub-regions have been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year. The research study also covers the competitive scenario in these regions. 

Companies Mentioned in Report

The report also profiles major players in the global lithotripsy device market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major players profiled in the report include Boston Scientific Corporation, Olympus Corporation, C. R. Bard, Inc. (Becton, Dickinson), EDAP TMS, Siemens Healthcare GmbH, Dornier MedTech, Cook, KARL STORZ, Richard Wolf GmbH, and EMS.

The global lithotripsy device market has been segmented as below:       

  • Global Lithotripsy Device Market, by Product
    • Intracorporeal Lithotripsy
      • Mechanical Lithotripsy
      • Electrohydraulic Lithotripsy
      • Laser Lithotripsy
      • Ultrasonic Lithotripsy
      • Others
    • Extracorporeal Lithotripsy
       
  • Global Lithotripsy Device, by Application
    • Kidney Stones
    • Biliary Duct Stones
    • Others
       
  • Global Lithotripsy Device Market, by Region
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • Italy
      • France
      • Spain
      • Rest of Europe
    • Asia Pacific
      • India
      • China
      • Japan
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • GCC Countries
      • South Africa
      • Israel
      • Rest of Middle East & Africa
.