What is Global Extracorporeal Lithotripsy Market?
The Global Extracorporeal Lithotripsy Market is a vast and dynamic sector that focuses on the use of non-invasive treatment methods for the removal of stones from the body. Extracorporeal Lithotripsy is a medical procedure that uses sound waves to break up stones in the kidney, gallbladder, or ureter. The global market for this procedure has been steadily growing due to the increasing prevalence of urolithiasis and the rising preference for non-invasive treatment methods. The market was valued at US$ 364 million in 2023 and is projected to reach a value of US$ 514.8 million by 2030. This growth is driven by technological advancements in lithotripsy devices and the increasing incidence of kidney stones worldwide.
Electrohydraulic Technique, Electromagnetic Technique, Piezoelectric Eechnique in the Global Extracorporeal Lithotripsy Market:
The Global Extracorporeal Lithotripsy Market is segmented based on the technique used, namely Electrohydraulic, Electromagnetic, and Piezoelectric techniques. The Electrohydraulic technique uses a high-voltage spark to generate a shock wave that breaks up the stone. The Electromagnetic technique, on the other hand, uses a magnetic field to generate a shock wave. The Piezoelectric technique uses the piezoelectric effect to generate a shock wave. Each of these techniques has its own advantages and disadvantages, and the choice of technique depends on the size, location, and composition of the stone, as well as the patient's overall health.
Kidney Stones, Biliary Duct Stones, Others in the Global Extracorporeal Lithotripsy Market:
The Global Extracorporeal Lithotripsy Market finds its application in various areas such as Kidney Stones, Biliary Duct Stones, and others. Kidney stones are the most common application of Extracorporeal Lithotripsy. This is due to the high prevalence of kidney stones worldwide. Biliary duct stones, although less common, also require Extracorporeal Lithotripsy for treatment. Other applications of Extracorporeal Lithotripsy include the treatment of gallstones and pancreatic stones. The choice of application depends on the location of the stone in the body and the patient's overall health.
Global Extracorporeal Lithotripsy Market Outlook:
The future outlook for the Global Extracorporeal Lithotripsy Market is promising. In 2023, the market was valued at US$ 364 million. However, it is projected to grow at a Compound Annual Growth Rate (CAGR) of 5.0% from 2024 to 2030, reaching a value of US$ 514.8 million. This growth is expected to be driven by the increasing prevalence of urolithiasis, technological advancements in lithotripsy devices, and the rising preference for non-invasive treatment methods. Despite the challenges posed by the COVID-19 pandemic, the market is expected to recover and continue its growth trajectory in the coming years.
| Report Metric | Details |
| Report Name | Extracorporeal Lithotripsy Market |
| Accounted market size in 2023 | US$ 364 million |
| Forecasted market size in 2030 | US$ 514.8 million |
| CAGR | 5.0% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | WIKKON, HYDE, Sody, Haibin, Comermy, Dornier, Richard-Wolf, MTS, DirexGroup, Siemens, EDAP TMS, Storz Medical, Medispec, ELMED, EMD |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
