The lithotripsy devices market is projected to continue its steady growth due to the burgeoning cases of kidney stones, coupled with the surging demand for minimally invasive medical treatments. According to Fact.MR report, the lithotripsy devices market is anticipated to accelerate at 4.3% CAGR during 2018-2026 to reach a value of US$ 1,095.2 MN by the end of 2026. In recent past, lithotripsy has become the most preferred way of treating kidney stones, owing to myriad advantages of lithotripsy devices, such as low cost, relative safety, negligible recovery time and positive results.
Important regions covered in the lithotripsy devices market report include:
- North America (Canada, US)
- Latin America (Argentina, Mexico)
- Europe (NORDIC, UK)
- Japan and MEA
- APEJ (China, India)
The lithotripsy devices market report also provides data regarding the key countries in the defined regions.
Surging Incidence of Urolithiasis to Boost Sales of Lithotripsy Devices
Urolithiasis is a widely prevalent urologic issue, which constitutes considerable burden on the healthcare system across the globe. According to Fact.MR report on lithotripsy devices market, apart from widespread prevalence, urolithiasis has been linked to an increased risk of end-stage renal failure, which has further accelerated the demand for lithotripsy devices. As per the U.S. National Institutes of Health, urolithiasis affects roughly 12% of the worldwide population once in lifetime. The report opines that the growing prevalence of kidney stones is likely to drive the growth of lithotripsy devices market during the forecast period. The rapidly advancing technology and manifold extracorporeal shock wave lithotripsy procedures are anticipated to act as a main growth driver for lithotripsy devices market, as per Fact.MR study. Further, lithotripsy devices’ manufacturers are focusing on creating novel and cutting-edge lithotripsy devices, which is expected to fuel growth in global lithotripsy devices market during 2018-2026.
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The Fact.MR report on lithotripsy devices opines that lithotripsy procedures are likely to become an outpatient procedure in the forthcoming years, witnessing a robust growth in ambulatory surgical center segment by end users. Though there are newer ways for the treatment of kidney stones, patients are increasingly opting for minimally invasive or non-invasive treatment as a viable method for kidney stones treatment. Furthermore, as modern day lithotripters provide a wide range of settings to clinicians, medical practitioners get the liberty to adopt diverse combinations with various effects during the procedure. However, the prevalence of substitutes for kidney stones treatment is likely to dampen the growth of lithotripsy market during the foreseeable period.
The 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%.
ESWL is the least invasive of all stone treatments and is considered the treatment modality of choice for a majority of urinary stones.Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsample.asp?id=29769904Kidney stones segment accounted for the largest share in 2017On the basis of applications, the lithotripsy devices market is categorized into kidney stones, ureteral stones, pancreatic stones, and bile duct stones.
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.Browse and in-depth TOC on “Lithotripsy Devices Market” 76 - Tables29 - Figures 108 - Pages In 2017, the hospitals segment accounted for the largest share of the marketOn 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.
The large share can be attributed to the high number of surgeries performed in hospitals.Read more (Lithotripsy Devices Market):- https://www.marketsandmarkets.com/PressReleases/lithotripsy-device.asp North America commanded the largest share of the market in 2017Based on region, the lithotripsy devices market is segmented into North America, Europe, Asia, and the Rest of the World (RoW).
The large share can primarily be attributed to the high prevalence of kidney stones and the large number of surgeries performed each year.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).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
Urolithiasis is the way toward shaping stones in the kidney, bladder, as well as urethra.
Kidney stones happen in 1 of every 20 individuals eventually in their life.Lithography is a method that utilization stun wave to separate stones in the kidney, bladder, or ureter.
Numerous pieces of the world are currently experiencing the stones' illness which represents a significant wellbeing risk influencing 20% of everyone around the world.
In Thailand, the most noteworthy pervasiveness pace of 16.9% was accounted for in the Northeast areas, while in Middle Eastern nations, the lifetime commonness of kidney stones is even high.
By and by, lithotripsy gadgets worldwide market is driven by the maturing populace, innovative progression, expanding frequency of urolithiasis.
Nonetheless, the antagonistic impact of lithotripsy stun waves which can regularly bring about hypertension, diabetes, and now and again the lasting loss of utilitarian renal volume go about as significant obstruction for this market.
Global Lithotripsy Devices Market was valued at USD1.45 billion in 2017, and is estimated to grow at a CAGR of 5.5% from 2017 to 2024.
For More Information Visit https://www.maximizemarketresearch.com/market-report/global-lithotripsy-devices-market/10927/Lithotripsy is medical procedure that break kidney stones in modicums.
It uses shock wave to break kidney stones so that it can peregrinate through urinary track and abstract from the body.
Transmuting technology and innovation are some of the major driving forces for the Global Lithotripsy Devices Market .
On the other hand, unpropitious healthcare reforms in the US, unpropitious effects associated with lithotripsy and the availability of alternative treatments for stone abstraction are a few key factors that are expected to restrain the magnification of Global Lithotripsy Devices Market during the forecast period.
The major player in the Global Lithotripsy Devices Market are Siemens AG (Germany), Boston Scientific (US), Dornier MedTech (Germany), Olympus America (Japan), DirexGroup (Germany), and Richard Wolf (Germany), Ince Medical, ELMED Elektronik ve Medikal San.
The lithotripsy devices market is projected to continue its steady growth due to the burgeoning cases of kidney stones, coupled with the surging demand for minimally invasive medical treatments.
According to Fact.MR report, the lithotripsy devices market is anticipated to accelerate at 4.3% CAGR during 2018-2026 to reach a value of US$ 1,095.2 MN by the end of 2026.
In recent past, lithotripsy has become the most preferred way of treating kidney stones, owing to myriad advantages of lithotripsy devices, such as low cost, relative safety, negligible recovery time and positive results.The lithotripsy devices market report highlights the following players:EDAP TMS S.A.Direx GroupInceler Medikal Co. Ltd.STORZ MEDICAL AGThe lithotripsy devices market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.
The widespread prevalence of complications arising due to kidney stones is a main factor expected to fuel growth in the lithotripsy devices market in the forthcoming years.
In recent years, lithotripsy has gained traction as a highly viable method for treating large kidney stones.The Fact.MR report on lithotripsy devices market opines that the growing adoption of lithotripsy devices owing to their ability to treat all kinds of kidney stones with impressive success rates for ureteral stones without any considerable complications has been underpinning gains in lithotripsy devices market.You can Request an Example Copy from here - https://www.factmr.com/connectus/sample?flag=S_id=3084Surging Incidence of Urolithiasis to Boost Sales of Lithotripsy DevicesUrolithiasis is a widely prevalent urologic issue, which constitutes considerable burden on the healthcare system across the globe.
According to Fact.MR report on lithotripsy devices market, apart from widespread prevalence, urolithiasis has been linked to an increased risk of end-stage renal failure, which has further accelerated the demand for lithotripsy devices.
