Overview

Extracorporeal Lithotripsy Systems Market Introduction

The global extracorporeal lithotripsy systems market is predicted to value over USD 1.5 billion by the end of 2028 and grow at a CAGR of over 4% during the forecast period of 2022-2028.

Extra corporeal Lithotripsy is a non-invasive treatment of kidney stones of the upper urinary tract. This treatment uses shock waves (pulses of energy) to breakdown stones in the kidney and urinary tract. The shock waves are produced by machine and are focused onto the stone using x-ray and ultrasonic guidance. The waves pass through the skin and break up the stones into tiny fragments, later which will pass through urine. This non-invasive approach allows patients to be rendered stone-free without surgical intervention or endoscopic procedures.

Extracorporeal Lithotripsy Systems Market Overview

Extracorporeal lithotripsy systems are non-invasive and minimize the complications associated with alternative methods. They have a huge demand in treating renal stones and more advantageous over open and endoscopic procedures. Traditional methods have a lot of limitation in their applicability for treating renal stones due to lack of technological advancement. It created a huge demand for extracorporeal lithotripsy systems in primary healthcare settings. It is further boosted by technological advancements and led to the rapid growth of the market. Additionally, the market is expected to witness huge capital investments in R&D to strengthen the product portfolio of the company. It created new opportunistic space in untapped markets and encouraged new market players to enter the market.

The Asia Pacific is a high potential region for both international and domestic manufacturers due to the high prevalence of renal stones. It expected to represent the fast-growing region in the global market. Latin America is the second fast-growing region due to increasing adoption and rising awareness. Global market is dominated by North America due to the high spending capacity of the patient population and well established reimbursement policies. Europe is the second leading region in the global market due to high awareness among the population. Both North America and Europe is expected to represent slow-growing regions in the global market due to the high intensity of manufactures. Rest of World is expected to account small fraction in the global market and it is expected to increase significantly during the forecast period

Extracorporeal Lithotripsy Systems market players include SWL Systems, Welstone Technologies, LLC., Elmed Medical Systems, Medispec, Jena Medtech, Siemens, PI ceramics GMBH, and others.

Extracorporeal Lithotripsy Systems Market Segmentation:

By Energy Source

Electrohydraulic
Piezoelectric Electromagnetic

By End User

Hospitals
Outpatient centres

By Region

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants

FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth

Objectives of the Study:
• To provide with an exhaustive analysis on the global Extracorporeal Lithotripsy Systems market by Energy Source, by End-User, and by Region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and Middle East and Africa
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies