Lithotripsy Devices Market Size To Reach $1.96 Billion By 2030

Lithotripsy Devices Market Growth & Trends

The global lithotripsy devices market size is expected to reach USD 1.96 billion by 2030, based on a new report by Grand View Research, Inc.The market is expected to expand at a CAGR of 6.40% from 2023 to 2030. Continuous research and development efforts by medical device manufacturers have led to the introduction of new lithotripsy devices that are more efficient, cost-effective, and user-friendly, attracting healthcare providers and patients. This will positively influence the demand for lithotripsy devices over the forecast period.

The global aging population is more susceptible to kidney stones, as it is more prevalent among older individuals. As the elderly population increases, the demand for lithotripsy devices is expected to rise to address their healthcare needs. Additionally, favorable reimbursement policies and insurance coverage for lithotripsy procedures have encouraged more patients to opt for treatment, supporting market growth. Furthermore, the expanding healthcare infrastructure and increasing disposable income in emerging markets are creating new growth opportunities in the market for lithotripsy devices. As access to healthcare improves in these regions, the demand for advanced medical treatments, including lithotripsy, is likely to grow.

Changes in dietary habits and sedentary lifestyles have contributed to an increase in lifestyle-related risk factors such as obesity and diabetes, which are known to increase the risk of kidney stone formation. As the prevalence of these risk factors grows, the demand for lithotripsy devices may also rise. As countries continue to invest in their healthcare infrastructure and allocate more resources to healthcare services, there is likely to be an increased adoption of advanced medical technologies, including lithotripsy devices.

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Lithotripsy Devices Market Report Highlights

• Based on type, the extracorporeal shockwave lithotripsy devices segment accounted for the higher market share in 2022 owing to the technological advancements in ESWL devices that have led to improved efficiency, precision, and safety of the procedure

• Based on application, kidney stones dominated the market with a revenue share of 44.7% in 2022, as lithotripsy devices are one of the primary treatment modalities for kidney stones, making them an essential solution to address the increasing number of cases

• Based on end-use, the hospitals segment led the market with a revenue share of 45.7% in 2022, as hospitals typically handle a large volume of patients, which leads to significant demand for lithotripsy devices

• North America led the global market for lithotripsy devices with a share of 31.2% in 2022, as healthcare systems in North America typically offer reimbursement support for medical procedures, including lithotripsy

Lithotripsy Devices Market Segmentation

Grand View Research has segmented the global lithotripsy devices market based on type, application, end-use, and region:

Lithotripsy Devices Type Outlook (Revenue, USD Million, 2018 - 2030)

• Extracorporeal Shock Wave Lithotripsy Devices

• Intracorporeal Lithotripsy Devices

Lithotripsy Devices Application Outlook (Revenue, USD Million, 2018 - 2030)

• Kidney Stones

• Ureteral Stones

• Pancreatic Stones

• Bile Duct Stones

Lithotripsy Devices End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Ambulatory Surgical Centers

• Others

Lithotripsy Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in Lithotripsy Devices Market

• Zimmer MedizinSystems GmbH

• Olympus Corporation

• Richard Wolf GmbH

• Boston Scientific Corporation

• STORZ Medical AG