Global lithotripsy devices market is expected to be driven by technological advancements in lithotripsy devices in next 10 years

The global lithotripsy devices market revenue is expected to register a moderate CAGR over the forecast period. Rising patient preference for non-invasive treatment methods is expected to drive the growth of the market over the forecast period. Technological advancements in devices and increasing prevalence of urolithiasis is other factor driving growth of the market over the forecast period.

The global lithotripsy devices market report has been segmented on the basis of type, end user, and region.

On basis of type, the global lithotripsy devices market is segmented based on extracorporeal shock wave lithotripsy system and intracorporeal lithotripsy system. The intracorporeal lithotripsy system is further sub-segmented based on laser lithotripsy, electrohydraulic lithotripsy, mechanical lithotripsy, and ultrasonic lithotripsy. The extracorporeal shock wave lithotripsy system segment account for major revenue share of the market.

Based on end user, the global lithotripsy devices market is segmented based on hospitals and clinics. The hospitals segment accounts for major revenue share over the forecast period. Increasing number of surgeries in hospitals is in turn expected to drive the growth of the segment over the forecast period.

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Regional segmentation includes North America, Europe, Latin America, Asia Pacific and Middle East and Africa. North America contributes major revenue share and is expected to maintain its dominance over the forecast period. Asia Pacific region is expected to witness rapid growth rate over the forecast period. Countries like China and India is expected to support the growth of the market in Asia Pacific, owing to the increasing the prevalence of urolithiasis in these countries over the forecast period.

Some prominent players in the global lithotripsy devices market are Siemens AG, Storz Medical AG, Boston Scientific Corporation, Olympus America, Richard Wolf, Direxgroup, Novamedtek, Dornier Medtech, Medispec, and Walz Elektronik GmbH.

 

About the Author

Michelle Boyd
Michelle does an outstanding job, related to the Health and Medicine background. Having experience of more than 8years, have been working before with other companies related to the same field, been an expert in resolving whatever queries are being approached by the team. She likes to enjoy each and every moment of life.

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