Market Overview:
The global lithotripsy laser market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of kidney stones, technological advancements in lithotripsy lasers, and rising demand for minimally invasive surgeries. Based on type, the global lithotripsy laser market is segmented into fixed and mobile devices. The fixed devices segment is expected to account for a larger share of the market than the mobile devices segment during the forecast period. This can be attributed to factors such as lower cost and longer life span of fixed devices compared with mobile devices. Based on application, the global lithotripsy laser market is divided into urology, general surgery, ENT (ear-nose-throat), and others segments.
Product Definition:
A lithotripsy laser is a medical device that uses a high-energy laser beam to break up stones in the urinary tract or other organs. The importance of lithotripsy lasers lies in their ability to shatter stones without damaging the surrounding tissue.
Fixed:
The global fixed, it's usage and growth factor in lithotripsy laser market size was valued at USD 6.5 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period. Increasing prevalence of cancer & cardiovascular diseases, rising geriatric population base with high susceptibility towards developing these disorders coupled with increasing demand for minimally invasive procedures are some major factors that drive the growth of this market globally.
Mobile:
The global mobile and it's usage in lithotripsy laser market size was valued at USD 6.2 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. Increasing adoption of advanced technology for treatment, rising prevalence of cancer & cardiovascular diseases, increasing geriatric population base with weak bones are some high impact rendering drivers for this market during the forecast period 2016-2021.
Application Insights:
Lithotripsy is majorly used for breaking up kidney stones and other urinary tract stones. General surgery segment held the largest market share in 2017, owing to high prevalence of chronic diseases such as cardiovascular diseases, cancer and diabetes which leads to more number of stone patients seeking treatment with lithotripsy. Lithotripsy is also used for treating various other disorders including gallstones, bladder stones and ureter Stones among others.
The urology segment is expected to grow at a lucrative CAGR over the forecast period due to increase in number of lithotripters being employed by hospitals & clinics especially for complex surgeries involving multiple organs or body parts.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing lithotripsy procedures, rising urology and general surgery cases, and favorable reimbursement policies & government initiatives. For instance, as of 2016-2017 academic year, there were over 1 million students covered under the UHIP program in Canada. In addition to this, a number of hospitals are offering financial assistance for patients undergoing lithotripsy procedure under public programs such as Medicare or private insurance companies like Private Health Services Insurance Plan (PHSIP).
Asia Pacific is expected to witness lucrative growth during the forecast period owing to improving healthcare infrastructure coupled with growing medical tourism industry in emerging countries such as India & China. Moreover, increasing awareness about various treatment options available for kidney stones is also expected drive regional growth during the forecast period.
Growth Factors:
- Increasing incidence of kidney stones: The global prevalence of kidney stones is estimated to be around 10%. This number is expected to grow in the coming years due to increasing incidence of obesity and diabetes. This will create demand for lithotripsy laser devices and services, thereby driving growth of the lithotripsy laser market.
- Technological advancements: The lithotripsy laser market is witnessing rapid technological advancements, with new devices being launched every year. These advancements are helping to improve the efficacy and safety of lithotripsy lasers, thereby driving their adoption among healthcare professionals and patients alike.
- Growing awareness about minimally invasive procedures: There is growing awareness among patients about the benefits of minimally invasive procedures over traditional surgery techniques. This is helping to drive demand for lithotripsy lasers, as they are a type of minimally invasive procedure.
- Rising geriatric population: The global geriatric population is growing at a rapid pace, owing to increasing life expectancy rates across the world. This trend is particularly prominent in developed countries such as the US and Japan where there are large numbers of elderly people who require treatment for kidney stones or other urinary tract disorders using lithotripsy lasers..
Scope Of The Report
Report Attributes
Report Details
Report Title
Lithotripsy Laser Market Research Report
By Type
Fixed, Mobile
By Application
Urology, General Surgery, Ent, Others
By Companies
Olympus, Quanta System, Hyper Photonics, Potent Medical, Cook Medical, Boston Scientific, Richard Wolf, StarMedTec, LINLINE Medical Systems, Convergent Laser Technologies, LISA laser products
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Lithotripsy Laser Market Report Segments:
The global Lithotripsy Laser market is segmented on the basis of:
Types
Fixed, Mobile
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Urology, General Surgery, Ent, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Olympus
- Quanta System
- Hyper Photonics
- Potent Medical
- Cook Medical
- Boston Scientific
- Richard Wolf
- StarMedTec
- LINLINE Medical Systems
- Convergent Laser Technologies
- LISA laser products
Highlights of The Lithotripsy Laser Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fixed
- Mobile
- By Application:
- Urology
- General Surgery
- Ent
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lithotripsy Laser Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lithotripsy laser is a type of medical treatment that uses a beam of light to break up stones in the urinary tract.
Some of the major companies in the lithotripsy laser market are Olympus, Quanta System, Hyper Photonics, Potent Medical, Cook Medical, Boston Scientific, Richard Wolf, StarMedTec, LINLINE Medical Systems, Convergent Laser Technologies, LISA laser products.
The lithotripsy laser market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lithotripsy Laser Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Lithotripsy Laser Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Lithotripsy Laser Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Lithotripsy Laser Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Lithotripsy Laser Market Size & Forecast, 2020-2028 4.5.1 Lithotripsy Laser Market Size and Y-o-Y Growth 4.5.2 Lithotripsy Laser Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Fixed
5.2.2 Mobile
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Urology
6.2.2 General Surgery
6.2.3 Ent
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lithotripsy Laser Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lithotripsy Laser Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Fixed
9.6.2 Mobile
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Urology
9.10.2 General Surgery
9.10.3 Ent
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Fixed
10.6.2 Mobile
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Urology
10.10.2 General Surgery
10.10.3 Ent
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Fixed
11.6.2 Mobile
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Urology
11.10.2 General Surgery
11.10.3 Ent
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Fixed
12.6.2 Mobile
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Urology
12.10.2 General Surgery
12.10.3 Ent
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Fixed
13.6.2 Mobile
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Urology
13.10.2 General Surgery
13.10.3 Ent
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Lithotripsy Laser Market: Competitive Dashboard
14.2 Global Lithotripsy Laser Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Olympus
14.3.2 Quanta System
14.3.3 Hyper Photonics
14.3.4 Potent Medical
14.3.5 Cook Medical
14.3.6 Boston Scientific
14.3.7 Richard Wolf
14.3.8 StarMedTec
14.3.9 LINLINE Medical Systems
14.3.10 Convergent Laser Technologies
14.3.11 LISA laser products