Global Lithotripsy Market Size By Type (Extracorporeal Shock Wave Lithotripsy Devices, Intracorporeal Lithotripsy Devices), By Application (Kidney Stones, Bile Duct Stones), By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Lithotripsy Market Valuation – 2024-2031

So, why is lithotripsy, that cool non-surgical way to bust up kidney stones, becoming so popular? Well, it's a mix of things. First off, kidney stones (those pesky renal calculi) are super common. And unfortunately, they're becoming more common as more folks deal with things like what they eat, how much they move around, and other health factors. Plus, as the world's population gets bigger and older, and issues like obesity and diabetes rise, we're seeing even more kidney stones. That means more people looking for easy, effective treatments like lithotripsy which is boosting the market to surpass a revenue of USD 1.69 Billion valued in 2024 and reach a valuation of around USD 2.61 Billion by 2031.

So, why are we seeing lithotripsy become so much more in demand? It's really a mix of thingschanges in who we are (demographics), how we live (lifestyle), and the way we get healthcare. More and more people are getting kidney stones, often because of what we eat and how little we move. This makes kidney stones a bigger public health issue, and we need good treatments like lithotripsy to deal with it. Plus, lithotripsy itself is getting better, changing how healthcare is delivered, and all these factors together are making the market for lithotripsy services grow. It's becoming a key part of urological care worldwide, with the market expected to grow at a CAGR of 5.57% from 2024 to 2031.

Lithotripsy MarketDefinition/ Overview

Lithotripsy is a non-invasive medical therapy that reduces kidney stones, gallstones, and other solid deposits (calculi) in the body to smaller fragments that can be easily passed via the urinary tract or expelled. Lithotripsy was developed in the early 1980s as a substantial development in the treatment of urolithiasis (urinary tract stones) and has since become a frequently used therapeutic method for patients suffering from renal or biliary calculi.

So, what's lithotripsy all about? Well, mainly it's used to zap those pesky kidney stones, also known as renal calculus. These stones are like tiny, hard crystals that build up in your kidneys or urinary tract, and believe me, they cause some serious pain when they block things up! Luckily, lithotripsy is a great way to break them down into smaller bits so you can, ahem, naturally get rid of them without needing major surgery. The most common type, something called Extracorporeal Shock Wave Lithotripsy (ESWL), is really cool because it uses shock waves from outside your body to shatter those stones into itty-bitty pieces that you can then pee out.

The future of lithotripsy is being influenced by an increasing emphasis on value-based healthcare delivery models that promote outcomes, efficiency, and cost-effectiveness. With mounting pressure to cut healthcare costs and improve resource allocation, healthcare providers are focusing on optimizing treatment routes, standardizing protocols, and harnessing data-driven insights to improve the value proposition of lithotripsy services. Healthcare companies may improve clinical outcomes, minimize treatment variability, and increase patient satisfaction by using evidence-based practices, quality indicators, and performance benchmarks all while optimizing resource use and controlling costs.

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How Increasing Incidence of Urolithiasis Drive the Lithotripsy Market?

Urolithiasis, a pathological illness characterized by the production and movement of stones inside the urinary tract is a major global health concern with prevalence increasing worldwide. This disorder also known as urinary stone disease or kidney stones occurs when mineral deposits crystallize and collect forming stones that block the flow of urine and cause severe discomfort and consequences. Urolithiasis is a group of stone-related disorders that affect various components of the urine collecting system such as the kidneys, ureters, bladder, and urethra with diverse clinical presentations and treatment options.

A variety of reasons contribute to the rising prevalence of urolithiasis including food habits and lifestyle changes as well as demographic variables and genetic predispositions. Dietary variables play an important role in stone development with heavy consumption of specific foods and beverages such as red meat, salt, sugar, and soft drinks increasing the risk of stone formation. Excessive consumption of oxalate-rich foods such as spinach, almonds, and chocolate can also contribute to stone development by increasing urinary oxalate excretion which is a precursor to calcium oxalate stones, the most frequent type of urinary stone.

Urolithiasis is a complicated and multifaceted illness defined by the production and movement of stones inside the urinary tract and its prevalence is increasing internationally. Dietary habits, lifestyle factors, demographic traits, genetic predispositions, and underlying medical disorders all play a role in the growing global urolithiasis burden. Understanding the underlying mechanisms that cause stone formation and progression is critical for developing targeted prevention strategies, optimizing diagnostic approaches, and implementing effective therapeutic interventions to reduce the impact of urolithiasis on individuals and healthcare systems.

How High Cost of Lithotripsy Therapy and Devices Hamper the Lithotripsy Market?

The procurement and maintenance costs associated with lithotripsy devices can be high requiring a major financial commitment from healthcare facilities and providers. Lithotripsy equipment whether using electrohydraulic, piezoelectric, or electromagnetic shock wave generation requires a significant initial investment due to its sophisticated technology and specific components. Furthermore, ongoing maintenance, calibration, and servicing requirements increase the long-term costs of owning and operating lithotripsy devices. These costs include typical maintenance operations including equipment inspections, component replacements, and software upgrades as well as periodic quality assurance tests to assure peak performance and patient safety.

The cost ramifications of lithotripsy therapy for individuals can be significant especially in areas with low healthcare financing or where patients incur a significant financial burden for medical services. While lithotripsy is a less invasive alternative to standard surgical procedures for urinary tract stones, the expenses of therapy can still be too expensive for many patients particularly those who lack adequate insurance coverage or access to financial assistance programs. Out-of-pocket costs for lithotripsy operations may include deductibles, copayments, and coinsurance payments which can quickly add up especially for people with high-deductible health plans or low financial means.

The purchase and maintenance costs associated with lithotripsy devices can be significant for healthcare facilities and providers however, the financial implications of lithotripsy therapy for individuals can also be a significant constraint particularly in areas with limited healthcare funding or where patients bear a significant portion of the costs. Addressing these financial barriers requires a comprehensive and collaborative approach that includes policy interventions and healthcare financing reform.

Category-Wise Acumens

Will Increasing Urological Conditions Drive the Type Segment?

Extracorporeal Shock Wave Lithotripsy (ESWL) has established itself as the dominant technology in the global market for lithotripsy devices accounting for a significant share of total revenue. This dominance is due to numerous fundamental aspects that highlight its efficacy and popularity in treating a wide range of urological disorders including kidney stones, bladder stones, and ureteral stones.

ESWL, unlike surgical procedures that need incisions, uses high-energy shock waves to break stones from outside the body. This non-invasive method dramatically lowers the risk of problems associated with surgical procedures such as infections, bleeding, and extended recovery times. The ability to break stones into smaller, acceptable bits without requiring cuts or intrusive manipulation makes ESWL an especially appealing alternative for patients who are concerned about the dangers and discomfort associated with traditional surgery.

The attractiveness of ESWL stems from its potential to provide therapeutic advantages without exposing patients to the dangers, discomfort, and recovery time associated with invasive procedures resulting in a preference for this method among persons seeking stone management solutions. As a result of this positive patient and clinician perspective, demand for ESWL continues to rise driving revenue growth in the lithotripsy devices market and solidifying ESWL’s position as the cornerstone of non-invasive stone treatment techniques worldwide.

Will the Increasing Number of Kidney Stone Patients Drive the Application Segment?

Kidney stones are expected to have the largest compound annual growth rate (CAGR) during the estimated period owing to a variety of variables that highlight their rising incidence and the growing demand for appropriate treatment options. The increased prevalence of kidney stones is a worldwide health concern aggravated by lifestyle changes, food choices, and an aging population. This problem is not limited to a single place but rather occurs all over the world needing a comprehensive management and treatment strategy.

The growing number of kidney stone sufferers is a substantial contributor to this predicted increase. Kidney stones also known as renal calculi are hard mineral and salt deposits that accumulate within the kidneys causing severe pain and suffering. They are frequently connected with lifestyle variables such as excessive consumption of animal protein, salt, and sugar, insufficient fluid intake, obesity, and sedentary behavior. As these lifestyle variables become more common, so does the occurrence of kidney stones. Furthermore, climate change-induced higher ambient temperatures have been related to increased rates of dehydration, a major risk factor for kidney stone formation.

The kidney stone market is really taking off, and here's whymore and more people are getting kidney stones, plus our population is getting older. We're also seeing some amazing advances in medical technology, and there's a bigger push for preventive care. Pharmaceuticals are playing a larger role, and we're even starting to see digital health tools get involved. Let's not forget, kidney stones can be really expensive to deal with! All this means we desperately need better ways to manage and prevent them. As kidney stones become more common around the world, we can expect the market for treatments to get much bigger. This growth will be powered by new technologies, care that's centered around the patient, and all-around smart strategies designed to help patients feel better and bring down those healthcare costs.

Gain Access into Lithotripsy Market Report Methodology

Country/Region-wise Acumens

Will the Increasing Technological Advancements in Healthcare Sector Drive the Market in North American Region?

North America is anticipated to demonstrate its dominance in the lithotripsy market garnering the greatest share owing to a number of significant aspects that highlight the region’s robust healthcare ecosystem and technological capabilities. One key driver of North America’s industry supremacy is the early acceptance and deployment of breakthrough technology in the healthcare sector. With a culture of innovation and a strong emphasis on technology improvements, North American healthcare practitioners have been fast to incorporate novel treatment modalities such as lithotripsy into their complete approach to patient care.

Technological advancements in the healthcare sector have helped put North America to the forefront of the lithotripsy industry. The region has a thriving ecosystem of medical device makers, research institutions, and healthcare facilities that are always pushing the limits of innovation to create next-generation lithotripsy devices. North American stakeholders are pushing the development of cutting-edge lithotripsy technologies that offer better precision, efficacy, and patient outcomes.

Will the Availability of Affordable Lithotripsy Devices Boost the Asia Pacific Region?

The Asia Pacific market is really taking off! We're expecting some serious growth in the coming years, and it's all because the region is becoming a major player in global healthcare. One big reason? More and more people are getting kidney stones, thanks to things like population changes and how we're living our lives. See, as the population in Asia Pacific gets older, and with lifestyle choices like not-so-great diets and spending too much time sitting around, kidney stones are becoming more common. Things like not drinking enough water, being overweight, and not eating a balanced diet all make the risk go up as we age.

The increasing adoption of lithotripsy devices in emerging countries such as China and India is expected to fuel market growth in the Asia Pacific region. As these countries’ economies and cities expand rapidly so does healthcare spending and demand for innovative medical treatments. Lithotripsy devices which provide a minimally invasive and cost-effective method of treating kidney stones are becoming acknowledged as critical components of urological care pathways in emerging markets.

The Asia Pacific lithotripsy device market is expected to expand and innovate at a steady pace owing to a mix of demographic trends, technological breakthroughs, market dynamics, and collaborative activities targeted at improving patient outcomes and treatment quality.

Competitive Landscape

The lithotripsy market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions and political support. The organizations focus on innovating their product line to serve the vast population in diverse regions.

Some of the prominent players operating in the lithotripsy market include

  • Allengers Medical Systems Limited
  • Dornier MedTech GmbH
  • M.S. Electro Medical Systems S.A.
  • Karl Storz GmbH & Co. KG
  • Lumenis Ltd.
  • Medispec Ltd.
  • Olympus Corporation
  • Siemens Healthineers AG
  • STORZ MEDICAL AG

Latest Developments

  • In February 2022, Applaud Medical received a Breakthrough Device Designation from the FDA for their Acoustic Enhancer technology. This innovation is designed to be used in conjunction with ureterostomy with laser lithotripsy (URS-LL) to dissolve calcium-based kidney stones ranging in size from 6 mm to 20 mm. The Acoustic Enhancer is a tiny bubble filled with gas and protected by a lipid shell that was specifically built for this application.
  • In February 2021, the US Food and Drug Administration (FDA) approved the Shockwave intravascular lithotripsy (IVL) system to treat heavily calcified coronary artery plaques. This device employs a balloon to generate sonic pressure waves that can pass through soft arterial tissue, with the primary goal of selectively breaking down calcified plaque to enhance stent implantation.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

Growth Rate

CAGR of ~5.57% from 2024 to 2031

Base Year for Valuation

2024

HISTORICAL PERIOD

2021-2023

FORECAST PERIOD

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Type
  • Application
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

Allengers Medical Systems Limited, Dornier MedTech GmbH, M.S. Electro Medical Systems S.A., Karl Storz GmbH & Co. KG, Lumenis Ltd., Medispec Ltd., Olympus Corporation, Siemens Healthineers AG, STORZ MEDICAL AG

Customization

Report customization along with purchase available upon request

Lithotripsy Market, By Category

Type

  • Extracorporeal Shock Wave Lithotripsy Devices
  • Intracorporeal Lithotripsy Devices

Application

  • Kidney Stones
  • Bile Duct Stones
  • Pancreatic Stones
  • Ureteral Stones

Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Research Methodology of Market Research

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Reasons to Purchase this Report

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Pivotal Questions Answered in the Study

Some of the key players leading in the market include Olympus, Siemens AG, Dornier Medtech, Medispec, Boston Scientific, Storz Medical AG, and Novamedtek.

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