Extracorporeal Shock Wave Lithotripsy Market
Number of pages: 100 | Report Format: PDF | Published date: 07 February, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
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Report Attribute |
Details |
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Market size value in 2021 |
US$ 348 million |
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Revenue forecast in 2030 |
US$ 592 million |
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Growth Rate |
CAGR of 6.1% from 2022 to 2030 |
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Base year for estimation |
2021 |
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Forecast period |
2022-2030 |
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Historical Year |
2020 |
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Segments covered |
Technology, Application, End-User, and Region. |
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Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
According to the deep-dive market assessment study conducted by Growth+ Reports, the global extracorporeal shock wave lithotripsy market was valued at US$ 348 million in 2021. The market is expected to witness a CAGR of 6.1% from 2022 to 2030.
Market Fundamentals
Extracorporeal shock wave lithotripsy is a treatment to remove stones from the bile ducts, pancreatic ducts, or urinary system using a succession of shock waves produced by a lithotripter. An X-ray is used to target the shock waves as they enter the body. The purpose of the technique is to reduce the size of the stones so that they can travel through the body or be removed more easily. Pieces of kidney and ureter stones will pass via the urine. Large chunks may need to be removed from stones in the pancreatic or bile duct using an endoscope.There are two procedures for removing stones using shock wave treatment. One technique involves submerging the patient in a tub of warm water. The body is positioned such that the stones are accurately targeted using ultrasound or x-rays to locate where the stones are. In the second, more popular technique, the patient is placed on top of a soft cushion or membrane that allows the waves to travel through. To crush the stones, 1-2000 shock waves are required. The entire procedure lasts between 45 and 60 minutes.
About 50% of people with chronic pancreatitis develop pancreatic duct stones. These stones may obstruct the duct, resulting in discomfort and a decrease in the flow of vital pancreatic enzymes for digesting. The primary line of treatment for big pancreatic duct stones is frequently extracorporeal shock wave lithotripsy (ESWL). The bile ducts are a possible location for gallstones to become lodged after they leave the gallbladder. An endoscope is typically used to remove gallstones from the bile duct. However, extracorporeal shock wave lithotripsy (ESWL) may be employed to fragment some bigger or more difficult-to-reach stones before extraction.
The global extracorporeal shock wave lithotripsy market is expected to grow in the coming years due to factors such as increasing incidence of urinary tract stones, technological advancements in extracorporeal shock wave lithotripsy devices, and growing awareness about minimally invasive surgical procedures. The increasing popularity of extracorporeal shock wave lithotripsy as a non-invasive treatment option for kidney stones is expected to drive market growth. Additionally, developing more advanced and user-friendly extracorporeal shock wave lithotripsy devices is expected to boost market growth further. However, the high cost of extracorporeal shock wave lithotripsy devices and procedures and the lack of skilled professionals may pose challenges to the growth of the extracorporeal shock wave lithotripsy market.
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Market Dynamics
The rising prevalence of stone formation in the kidney, ureter, and pancreatic duct is the major driving factor of the extracorporeal shock wave lithotripsy market. Extracorporeal shock wave lithotripsy is a non-invasive procedure that reduces the overall hospital stay and provides quick recovery, increasing the demand for extracorporeal shock wave lithotripsy. The rising geriatric population and growing diabetic and obese population are more prone to stone formation, thus propelling the growth of the extracorporeal shock wave lithotripsy market. Moreover, the incorporation of advanced technologies in extracorporeal shock wave lithotripsy and the growing awareness regarding extracorporeal shock wave lithotripsy for kidney stone removal is also boosting the growth of the extracorporeal shock wave lithotripsy market. Additionally, the major market players are investing in R&D related to lithotripsy and are continuously innovating the extracorporeal shock wave lithotripsy devices, which are also anticipated to fuel the growth of the extracorporeal shock wave lithotripsy market. However, the high cost related to lithotripsy equipment and the procedure is the major restricting factor of the extracorporeal shock wave lithotripsy market. There are some side effects of extracorporeal shock wave lithotripsy, such as it can disrupt pacemakers and does not guarantee the removal of the stone, thus hampering the growth of the extracorporeal shock wave lithotripsy market.
Market Ecosystem
The global extracorporeal shock wave lithotripsy market has been analyzed from four perspectives: Technology, Application, End-User, and Region.
Extracorporeal Shock Wave Lithotripsy Market by Technology
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Based on technology, the global extracorporeal shock wave lithotripsy market is classified into electromagnetic, electrohydraulic, and piezoelectric. The electrohydraulic technique segment dominated the extracorporeal shock wave lithotripsy market with the largest market share in 2021. The electrohydraulic technique is the most widely used accepted lithotripsy by physicians, thus boosting the segment growth. The electrohydraulic technique is the primary treatment for pancreatic duct stones, increasing the demand for electrohydraulic lithotripsy. Moreover, for the treatment of difficult stones electrohydraulic technique is preferred over other techniques as it is more portable, rapid, and efficient, fueling the segment growth. Similarly, it is more cost-efficient compared to other techniques. The electrohydraulic technique is more commonly used during percutaneous choledochoscopy, which is more precise, thus propelling the segment growth.
Extracorporeal Shock Wave Lithotripsy Market by Application
Based on application, the global extracorporeal shock wave lithotripsy market is divided into uretic stones, kidney stones, pancreatic stones, and salivary stones. The kidney stones segment had the largest share of the extracorporeal shock wave lithotripsy market in 2021. The rising prevalence of kidney stones globally is increasing the demand for extracorporeal shock wave lithotripsy thus boosting the segment growth. The growing geriatric and obese population with unhealthy lifestyles is increasing the cases of kidney stones, which plays a significant role in segmental growth. Moreover, the increase in the demand for the non-invasive procedure for kidney stones treatment is fueling the segment growth.
Extracorporeal Shock Wave Lithotripsy Market by End-user
Based on end-user, the global extracorporeal shock wave lithotripsy market is segmented into hospitals, clinics, and others. The hospitals & clinics had a significant share of the extracorporeal shock wave lithotripsy market in 2021. The large share of the hospital segment is attributed to the rise in footfall in the hospitals. Hospitals have much more well-developed infrastructure and skilled professionals, thus boosting the segment growth. The high cost related to lithotripsy equipment and maintenance is also restricting the use of this equipment by other end-users, propelling the segment growth.
Extracorporeal Shock Wave Lithotripsy Market by Region
Based on region, the global extracorporeal shock wave lithotripsy market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America dominated the global extracorporeal shock wave lithotripsy market in 2021, followed by Europe and Asia Pacific. The rising prevalence of stones in the kidney, ureter, and pancreatic duct with the rising geriatric population in the region is the major driving factor of the region. The rise in the overall spending per capita on healthcare in the region is also boosting regional growth. The growing obese population and unhealthy lifestyle are also increasing the cases of kidney stones. The region is expected to expand as a result of the region's expanding healthcare facilities and shifting demographics. Moreover, the presence of major market players in the region is also anticipated to expand regional growth.
Competitive Landscape
Some of the prominent players operating in the extracorporeal shock wave lithotripsy market are:
Strategic Developments
Extracorporeal shock wave lithotripsy is a treatment to remove stones from the bile ducts, pancreatic ducts, or urinary system using a succession of shock waves produced by a lithotripter
The high cost related to extracorporeal shock wave lithotripsy and complication such as it can cause a problem with pacemakers are some of the restricting factors of the market.
The North American region dominates in market share, but the Asia Pacific Region has the fastest growth rate and can be considered the key growth region.
• The prominent players operating in the global extracorporeal shock wave lithotripsy market are Boston Scientific Corporation; Siemens Healthcare GmbH; Richard Wolf GmbH; Dornier MedTech GmbH (Advanced MedTech Holdings); Cook Group, Inc.; Sainty Pharma; Olympus Corporation; C.R. Bard, Inc.; Lumenis LTD; Hologic, Inc.; Karl Storz Gmbh and Co. KG. and Medtrue Enterprise Co., Ltd among others.
The kidney stones segment holds the largest market share of the global market.
*Insights on financial performance are subject to the availability of information in the public domain
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Snehal Deshmukh
Principle Consultant
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