Market Overview:
The global lithotripsy system market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing prevalence of kidney stones, biliary calculi, salivary stones, pancreatic stones and other stone diseases. In addition, technological advancements in lithotripsy systems are also contributing to the growth of this market. Based on type, shock wave lithotripsy is expected to account for the majority share of the global lithotripsy system market in 2018. This can be attributed to its high efficiency and low cost as compared to other types of lithotripsy systems. Laser lithotripsy is expected to be the fastest growing type during the forecast period owing its advantages such as precise fragmentation and reduced thermal damage.
Product Definition:
A lithotripsy system is a device that is used to break up stones in the kidney, bladder, or other parts of the urinary tract. The importance of lithotripsy system is that it can help to prevent blockages and other problems caused by stones in these areas.
Shock Wave Lithotripsy:
It is a new technology that uses shock waves to break up kidney stones. It has been around for about 10 years and has recently gained popularity due to the advent of advanced equipment such as the Elekta Lithotripsy system which can deliver more shock wave energy in less time. This increase in efficiency will result in an overall decrease in treatment cost, thus making it more attractive for patients.
Laser Lithotripsy:
Laser lithotripsy is a technique that utilizes light energy to break up and remove accumulated plaques in the kidney, liver, and other areas of the body. The process is commonly used for treating people suffering from chronic kidney stones (urolithiasis). It also helps in removing deposits from blood vessels which reduces the risk of stroke or heart attack.
Application Insights:
Based on the application, the market is segmented into kidney stones, biliary calculi, salivary stones pancreatic stones and others. The kidney stone segment dominated the overall market in terms of revenue in 2017. Increasing incidence of chronic diseases such as diabetes and an aging population are factors contributing to its high share. Lithotripsy is most commonly used for treating kidney stone formation due to its low risk and easy treatment compared to other methods such as shock wave lithotripsy or percutaneous nephrolithotomy.
The pancreatic stones segment is expected to grow at a lucrative rate over the forecast period owing to increasing prevalence of chronic diseases such as diabetes mellitus type 1 & 2, obesity and family history associated with these disorders increases risk of developing gallstones or cholesterol Stones (PNET). These factors increase demand for effective treatment options which results in higher adoption of lithotripsy systems especially for outpatient procedures thus driving growth during future years.
Regional Analysis:
North America dominated the global market in 2017. High adoption of advanced lithotripsy systems, increasing prevalence of kidney and other urological disorders, and rising healthcare expenditure are some factors responsible for its large share. In addition, favorable reimbursement policies in U.S., which covers up to 70% cost of device is another factor contributing to its high share within the region.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to improving healthcare infrastructure and growing patient awareness regarding available treatment options for stones formation. Moreover, increasing medical tourism due to low stone treatment costs will boost the regional market during future years as well (Kumar & Reddy 2016). For instance, Lithotripsy Treatment Cost Table by Country shows that India charges around USD X whereas Japan charges around USD X-50 (Lithotripsy Association 2014).
Growth Factors:
- Increasing incidence of kidney stones: The global incidence of kidney stones is increasing due to various factors such as changing lifestyle, dietary habits, and increasing aging population. This is expected to drive the demand for lithotripsy systems in the coming years.
- Technological advancements: The lithotripsy system market is witnessing rapid technological advancements with the introduction of new and advanced systems such as shockwave lithotripsy (SWL), percutaneous nephrolithotomy (PCNL), and ureteroscopy (URS). These advancements are expected to boost the growth of this market in the coming years.
- Growing awareness about minimally invasive procedures: There is a growing awareness among patients about minimally invasive procedures such as lithotripsy which offer several benefits over traditional surgical procedures. This is likely to fuel the demand for lithotripsy systems in the coming years.
- Rising healthcare expenditure: There has been a significant rise in healthcare expenditure across developed and developing countries owing to rising income levels, increased prevalence of chronic diseases, and expanding insurance coverage worldwide .This is anticipated to boost demand for advanced medical devices including lithotripters over the forecast period.. 5) Emerging markets offer potential growth opportunities: The global lithotripsy system market offers potential growth opportunities owing to rising disposable income levels and expanding healthcare infrastructure in emerging markets such as China, India, Brazil, Mexico etc
Scope Of The Report
Report Attributes
Report Details
Report Title
Lithotripsy System Market Research Report
By Type
Shock Wave Lithotripsy, Laser Lithotripsy, Other
By Application
Kidney Stones, Biliary Calculi, Salivary Stones, Pancreatic Stones, Others
By Companies
Boston Scientific, Olympus, Dornier, Siemens, ShockWave Medical, Lumenis, MTS Medical, Allengers, Elmed Medical Systems, Comermy Nanyang Medical Instrument
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Lithotripsy System Market Report Segments:
The global Lithotripsy System market is segmented on the basis of:
Types
Shock Wave Lithotripsy, Laser Lithotripsy, Other
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
Kidney Stones, Biliary Calculi, Salivary Stones, Pancreatic Stones, 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:
- Boston Scientific
- Olympus
- Dornier
- Siemens
- ShockWave Medical
- Lumenis
- MTS Medical
- Allengers
- Elmed Medical Systems
- Comermy Nanyang Medical Instrument
Highlights of The Lithotripsy System 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:
- Shock Wave Lithotripsy
- Laser Lithotripsy
- Other
- By Application:
- Kidney Stones
- Biliary Calculi
- Salivary Stones
- Pancreatic Stones
- 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 System 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.
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- 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
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- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lithotripsy is a medical procedure that uses shock waves to break up stones in the urinary tract.
Some of the key players operating in the lithotripsy system market are Boston Scientific, Olympus, Dornier, Siemens, ShockWave Medical, Lumenis, MTS Medical, Allengers, Elmed Medical Systems, Comermy Nanyang Medical Instrument.
The lithotripsy system market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lithotripsy System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lithotripsy System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lithotripsy System Market - Supply Chain
4.5. Global Lithotripsy System Market Forecast
4.5.1. Lithotripsy System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lithotripsy System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lithotripsy System Market Absolute $ Opportunity
5. Global Lithotripsy System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lithotripsy System Market Size and Volume Forecast by Type
5.3.1. Shock Wave Lithotripsy
5.3.2. Laser Lithotripsy
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lithotripsy System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lithotripsy System Market Size and Volume Forecast by Application
6.3.1. Kidney Stones
6.3.2. Biliary Calculi
6.3.3. Salivary Stones
6.3.4. Pancreatic Stones
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lithotripsy System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lithotripsy System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lithotripsy System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lithotripsy System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lithotripsy System Demand Share Forecast, 2019-2026
9. North America Lithotripsy System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Lithotripsy System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lithotripsy System Market Size and Volume Forecast by Application
9.4.1. Kidney Stones
9.4.2. Biliary Calculi
9.4.3. Salivary Stones
9.4.4. Pancreatic Stones
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lithotripsy System Market Size and Volume Forecast by Type
9.7.1. Shock Wave Lithotripsy
9.7.2. Laser Lithotripsy
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lithotripsy System Demand Share Forecast, 2019-2026
10. Latin America Lithotripsy System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Lithotripsy System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lithotripsy System Market Size and Volume Forecast by Application
10.4.1. Kidney Stones
10.4.2. Biliary Calculi
10.4.3. Salivary Stones
10.4.4. Pancreatic Stones
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lithotripsy System Market Size and Volume Forecast by Type
10.7.1. Shock Wave Lithotripsy
10.7.2. Laser Lithotripsy
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lithotripsy System Demand Share Forecast, 2019-2026
11. Europe Lithotripsy System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Lithotripsy System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lithotripsy System Market Size and Volume Forecast by Application
11.4.1. Kidney Stones
11.4.2. Biliary Calculi
11.4.3. Salivary Stones
11.4.4. Pancreatic Stones
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lithotripsy System Market Size and Volume Forecast by Type
11.7.1. Shock Wave Lithotripsy
11.7.2. Laser Lithotripsy
11.7.3. Other
11.8. Basis Point Share (BPS) Analyis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lithotripsy System Demand Share, 2019-2026
12. Asia Pacific Lithotripsy System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lithotripsy System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lithotripsy System Market Size and Volume Forecast by Application
12.4.1. Kidney Stones
12.4.2. Biliary Calculi
12.4.3. Salivary Stones
12.4.4. Pancreatic Stones
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lithotripsy System Market Size and Volume Forecast by Type
12.7.1. Shock Wave Lithotripsy
12.7.2. Laser Lithotripsy
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lithotripsy System Demand Share, 2019-2026
13. Middle East & Africa Lithotripsy System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lithotripsy System Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lithotripsy System Market Size and Volume Forecast by Application
13.4.1. Kidney Stones
13.4.2. Biliary Calculi
13.4.3. Salivary Stones
13.4.4. Pancreatic Stones
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lithotripsy System Market Size and Volume Forecast by Type
13.7.1. Shock Wave Lithotripsy
13.7.2. Laser Lithotripsy
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lithotripsy System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lithotripsy System Market: Market Share Analysis
14.2. Lithotripsy System Distributors and Customers
14.3. Lithotripsy System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Boston Scientific
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Olympus
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dornier
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ShockWave Medical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lumenis
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. MTS Medical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Allengers
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Elmed Medical Systems
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Comermy Nanyang Medical Instrument
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
