The Lithotripsy Device Global Market Slated To Surge From $1.83 Billion In 2024 To $1.92 Billion In 2025
The Business Research Company's Lithotripsy Device Global Market Report 2025 – Market Size, Trends, And Global Forecast 2025-2034
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What Has Been The Growth Trajectory Of The Lithotripsy Device Market In Recent Years?
The lithotripsy device market has grown robustly in recent years. The market size is projected to see a surge from $1.83 billion in 2024 to $1.92 billion in 2025, with a compound annual growth rate CAGR of 5.2%. This growth in the historic period can be attributed to the rising incidence of kidney stones, preference for non-invasive procedures, advancements in medical imaging, increased geriatric population, and patients' demand for faster recovery.
What Are The Projected Growth And Expected Market Size Of The Lithotripsy Device Market?
The lithotripsy device market size is poised for strong growth in the foreseeable future. The market is expected to balloon to $2.47 billion in 2029, registering a compound annual growth rate CAGR of 6.4%. The growth in the forecast period can be credited to technological innovations in lithotripsy, increasing awareness and education, global access to healthcare services, collaborations in urology and nephrology, and preventive approaches to kidney stones. Noteworthy trends in the forecast period include remote monitoring and telesurgery, continued research in stone fragmentation techniques, global collaboration in lithotripsy research, focus on outcomes-based healthcare, and the integration of artificial intelligence ai.
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What Factors Could Propel The Lithotripsy Device Market Forward?
The escalating prevalence of kidney stones is anticipated to act as a catalyst for the lithotripsy device market. Kidney stones, which are hard, pebble-like fragments, can develop in one or both kidneys when the urine contains excessive amounts of certain minerals. Lithotripsy devices are utilized in the treatment of kidney stones, breaking them into small, manageable pieces using shockwaves to facilitate their easy passage through urine.
What Companies Are Operating In The Lithotripsy Device Market?
Significant corporations operating in the lithotripsy device market include Boston Scientific Corporation, Cook Medical LLC, Shockwave Medical Inc., Lumenis Ltd., EDAP TMS S.A., Dornier MedTech GmbH, Allengers Medical Systems Limited, DirexGroup, Medispec Ltd., Elmed Medical Systems Ltd., Convergent Laser Technologies, MTS Medical, NOVAmedtek LLC, EMD Medical Technologies, NIDHI Meditech Systems, Olympus Scientific Solutions Americas Corporation, Richard Wolf India Private Ltd., Karl Storz SE & Co. KG, Technomed Systems Private Limited, Shenzhen Wikkon Medical Apparatus Co. Ltd., Inceler Medikal Ltd. Sti, Cliniva Healthcare, C. R. Bard Inc., E.M.S. Electro Medical Systems S.A., MACHIDA Endoscope Co. Ltd., Medtronic plc, Aymed Medical Technology Co. Ltd., Proteus Digital Health Inc.
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What Are The Latest Developments In The Lithotripsy Device Market?
Major corporations operating in the lithotripsy device market are intensely focused on developing advanced treatment facilities, aiming to amplify patient access and enhance treatment outcomes. These advanced treatment facilities include innovative medical centers equipped with cutting-edge technologies and specialized healthcare services.
What Does The Market Segmentation Of The Lithotripsy Device Market Industry Look Like?
The lithotripsy device market covered in this report is segmented:
1 By Type: Extracorporeal Shock Wave Lithotripsy Devices, Intracorporeal Lithotripsy Devices
2 By Applications: Kidney Stones, Ureteral Stones, Pancreatic Stones, Bile Duct Stones, Other Applications
3 By End-User: Hospitals, Ambulatory Surgical Centers, Other End Users
Subsegments:
1 By Extracorporeal Shock Wave Lithotripsy Devices: Electrohydraulic Lithotripsy Devices, Electromagnetic Lithotripsy Devices, Piezoelectric Lithotripsy Devices
2 By Intracorporeal Lithotripsy Devices: Laser Lithotripsy Devices, Ultrasound Lithotripsy Devices, Mechanical Lithotripsy Devices
What Are The Regional Insights Into The Lithotripsy Device Market?
North America emerged as the largest region in the lithotripsy devices market in 2024. The regions cited in the lithotripsy device market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa, offering a comprehensive geographical perspective for investors and stakeholders.
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