What is Global Extracorporeal Shockwave Lithotripter Market?
The Global Extracorporeal Shockwave Lithotripter Market is a specialized sector within the healthcare industry that focuses on the production and distribution of extracorporeal shockwave lithotripters. These are medical devices used to break down kidney stones and other types of calculi in the body without the need for invasive surgery. The process involves the use of shock waves that are generated outside the body (extracorporeal) and then transmitted to the targeted stones. The shock waves cause the stones to vibrate and eventually break into small pieces that can be easily passed out of the body. The global market for these devices is significant and continues to grow, driven by factors such as the increasing prevalence of urolithiasis and advancements in lithotripter technology. However, the market is also influenced by various challenges, including the high cost of these devices and the risk of complications associated with their use.
Electromagnetic, Electrohydraulic, Piezoelectric in the Global Extracorporeal Shockwave Lithotripter Market:
The Global Extracorporeal Shockwave Lithotripter Market is segmented based on the type of technology used in the lithotripters. These include electromagnetic, electrohydraulic, and piezoelectric technologies. Electromagnetic lithotripters generate shock waves using an electromagnetic coil, while electrohydraulic lithotripters use a high-voltage spark to create a hydraulic shock wave. On the other hand, piezoelectric lithotripters utilize the piezoelectric effect, where an electric charge is produced in response to mechanical stress, to generate shock waves. Each of these technologies has its own advantages and disadvantages, and their usage varies depending on factors such as the size and location of the stones, the patient's overall health, and the healthcare provider's preference.
Kidney Stones, Biliary Calculi, Salivary Stones, Pancreatic Stones, Others in the Global Extracorporeal Shockwave Lithotripter Market:
The Global Extracorporeal Shockwave Lithotripter Market caters to various areas of healthcare, including the treatment of kidney stones, biliary calculi, salivary stones, pancreatic stones, and others. Kidney stones are the most common application, given the high prevalence of this condition worldwide. Biliary calculi, or gallstones, are another major application area, as these devices can be used to break down stones in the gallbladder or bile ducts. Similarly, they can be used to treat salivary stones that form in the salivary glands and pancreatic stones that occur in the pancreas. Other applications include the treatment of bladder stones and certain types of heart disease.
Global Extracorporeal Shockwave Lithotripter Market Outlook:
The future outlook for the Global Extracorporeal Shockwave Lithotripter Market is positive, with steady growth expected in the coming years. In 2022, the market was valued at US$ 364 million, and it is projected to increase to US$ 452.8 million by 2029. This represents a compound annual growth rate (CAGR) of 3.1% during the forecast period from 2023 to 2029. The largest market for these devices is Europe, which accounts for over half of the global market share. China and the USA are the next largest markets, each holding about 20% of the global market share. These figures reflect the high demand for non-invasive treatments for kidney stones and other types of calculi, as well as the ongoing advancements in lithotripter technology.
| Report Metric | Details |
| Report Name | Extracorporeal Shockwave Lithotripter Market |
| Accounted market size in 2022 | US$ 364 in million |
| Forecasted market size in 2029 | US$ 452.8 million |
| CAGR | 3.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | WIKKON, Shenzhen Hyde Medical Equipment, Beijing Sody Medical Equipment, Zhanjiang Haibin Medical Equipment, Comermy, Dornier, Richard-Wolf, MTS Medical, Direx, Siemens, EDAP TMS, STORZ MEDICAL, Medispec, ELMED, EMD Medical Technologies, Allengers, Shanghai Jingcheng Medical, Guangdong Weida Medical Equipment |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
