DUBLIN--(BUSINESS WIRE)--The "Lithotripsy Devices Market by Type (ESWL, Intracorporal (Laser, Electrohydraulic, Mechanical, Ultrasonic Lithotripsy)), Application (Kidney, Ureteral, Bile Duct & Pancreatic Stones), End User (Hospital), Procedures - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global 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%.
Factors driving the growth of this market include the increasing incidence of urolithiasis and technological advancements in lithotripsy devices. On the other hand, unfavorable healthcare reforms in the US and the adverse effects associated with lithotripsy and the availability of alternative treatments for stone removal are expected to restrain the growth of this market during the forecast period.
By type, the lithotripsy devices market is categorized into extracorporeal shock wave lithotripsy (ESWL) devices and intracorporeal lithotripsy devices. In 2017, the intracorporeal lithotripsy devices segment is expected to register the highest CAGR during the forecast period.
The lithotripsy devices market by application 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 growth of this segment is mainly driven by the increasing incidence of kidney stones.
By end user, the lithotripsy devices market is segmented into hospitals, ambulatory surgical centers, and other end users. In 2017, the hospitals segment accounted for the largest share of the market. The large share can be attributed to the significant amount of surgeries performed in hospitals.
Geographically, the lithotripsy devices market was dominated by North America, followed by Europe, in 2017. However, Asia is expected to register the highest CAGR during the forecast period. Growth in this region can be attributed to the developing healthcare infrastructure, rising burden of chronic diseases, and increasing initiatives to promote the use of lithotripsy devices.
Companies Mentioned
- Siemens AG
- Storz Medical AG
- Boston Scientific
- Olympus
- Richard Wolf
- Direxgroup
- Novamedtek
- Dornier Medtech
- Medispec
- Walz Elektronik
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Lithotripsy Devices Market, By Type
7 Lithotripsy Devices Market, By Application
8 Lithotripsy Devices Market, By End User
9 Lithotripsy Devices Market, By Region
10 Competitive Landscape
11 Company Profiles
12 Appendix
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