Factors such as the growing incidence of urolithiasis and technological advancements in lithotripsy devices are driving the growth of this market.
The report Lithotripsy Devices Market is expected to
reach USD 1.76 Billion by 2023 from USD 1.41 Billion in 2018, at a CAGR of
4.5%.
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Market
Segmentation:-
By type, the
lithotripsy devices market is classified into extracorporeal shock wave
lithotripsy devices and intracorporeal lithotripsy devices. In 2017, the
extracorporeal shock wave lithotripsy devices segment accounted for the largest
share of the market. ESWL is the least invasive of all stone treatments and is
considered the treatment modality of choice for a majority of urinary stones.
On the basis of
applications, the lithotripsy devices market is categorized into kidney stones,
ureteral stones, pancreatic stones, and bile duct stones. In 2017, the kidney
stones segment accounted for the largest share of the market. The increasing
incidence of kidney stones and the recurrence of these stones over a period of
time are the key factors driving the growth of this segment.
On the basis of end
user, the lithotripsy devices market is categorized into hospitals, ambulatory
surgical centers, and other end users. In 2017, the hospitals segment accounted
for the largest share of the global lithotripsy devices market.
Target
Audience for this Report:-
- Manufacturers
and vendors of lithotripsy devices
- Research
associations related to surgeries
- Various
research and consulting firms
- Distributors
of lithotripsy devices
- Government
bodies
- Venture
capitalists
Regional
Analysis:-
Based on region, the
lithotripsy devices market is segmented into North America, Europe, Asia, and
the Rest of the World (RoW). North America dominated the lithotripsy devices
market in 2017. The large share can primarily be attributed to the high
prevalence of kidney stones and the large number of surgeries performed each
year.
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Top
key Players:-
Some of the major players
in the lithotripsy devices market are Siemens AG (Germany), Boston Scientific
(US), Dornier MedTech (Germany), Olympus America (Japan), DirexGroup (Germany),
and Richard Wolf (Germany).
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