The worldwide market for lithotripsy device is anticipated to witness a rise at a 4.4% CAGR for the duration of the assessment, 2026 and reach a market valuation of US$ 1,096 Million towards the end of 2026. This expansion for the foremost part is due to growing occurrences of kidney stones. In recent year's lithotripsy has turned into the most favored method for the treatment of kidney stones. This has been majorly because of the upside of its positive patient outcomes, less recovery time, low cost and relative safety. Furthermore, the intracorporeal lithotripsy devices can treat all constitutions of kidney stones and have a high achievement rate for ureteral stones with no foremost complications. However, lack of advancement and the business' interest in funding more youthful technologies are the prominent aspects controlling the expansion of the worldwide market for lithotripsy devices.
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Geographically, Europe regional market dominates the overall market value share and is likely to touch US$ 308 Million towards 2026 end. The Asia-Pacific excluding China region will be accounting for the second biggest market value share that is then trailed by North America. This region and Europe jointly comprise about 51% of the overall market share in the said period. Latin America and MEA are likely to remain the highest expanding regions owing to increasing healthcare efforts.
Lithotripsy is a therapeutic process utilized for treating stones and kidney stones in different organs, for example, liver or gallbladder. The kidney stones, for the most part, leave the body by urination; on the other hand, at times the body can't pass big stones by urination and might cause urinary tract infections, severe pain and bleeding. The overall market is broadly categorized product types namely extracorporeal lithotripsy device and intracorporeal lithotripsy device. The extracorporeal lithotripsy device category is projected to lead the overall market with over 70.0% over the assessment period. This category is likely to reflect incremental prospects of US$ 208.4 Million to touch the estimation of US$ 777 Million towards 2026 end. However, the intracorporeal lithotripsy devices category will be growing at the quicker pace in contrast to extracorporeal lithotripsy devices and will be growing with the 5.4% CAGR.
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In terms of the modality, the worldwide market includes portable and standalone lithotripsy device. In terms of the end user, the worldwide market is categorized into specialty clinics, ASC’s and hospitals. Of these, hospitals will be dominating the market reflecting an incremental prospect of US$ 202.2 Million and 4.2% CAGR.
The prominent market players active in the worldwide market are Richard Wolf GmbH, Siemens Healthineers AG, Lumenis Ltd., Dornier MedTech, Inceler Medikal Co. Ltd., STORZ MEDICAL AG, Medispec Ltd., Direx Group, GEMSS Co., Ltd., EDAP TMS S.A. and Others.
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The lithotripsy devices market is projected to continue its steady growth due to the burgeoning cases of kidney stones, coupled with the surging demand for minimally invasive medical treatments.
According to Fact.MR report, the lithotripsy devices market is anticipated to accelerate at 4.3% CAGR during 2018-2026 to reach a value of US$ 1,095.2 MN by the end of 2026.
In recent past, lithotripsy has become the most preferred way of treating kidney stones, owing to myriad advantages of lithotripsy devices, such as low cost, relative safety, negligible recovery time and positive results.The lithotripsy devices market report highlights the following players:EDAP TMS S.A.Direx GroupInceler Medikal Co. Ltd.STORZ MEDICAL AGThe lithotripsy devices market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.
The widespread prevalence of complications arising due to kidney stones is a main factor expected to fuel growth in the lithotripsy devices market in the forthcoming years.
In recent years, lithotripsy has gained traction as a highly viable method for treating large kidney stones.The Fact.MR report on lithotripsy devices market opines that the growing adoption of lithotripsy devices owing to their ability to treat all kinds of kidney stones with impressive success rates for ureteral stones without any considerable complications has been underpinning gains in lithotripsy devices market.You can Request an Example Copy from here - https://www.factmr.com/connectus/sample?flag=S_id=3084Surging Incidence of Urolithiasis to Boost Sales of Lithotripsy DevicesUrolithiasis is a widely prevalent urologic issue, which constitutes considerable burden on the healthcare system across the globe.
According to Fact.MR report on lithotripsy devices market, apart from widespread prevalence, urolithiasis has been linked to an increased risk of end-stage renal failure, which has further accelerated the demand for lithotripsy devices.
In terms of value, the global market for endovenous laser therapy is expected to expand at 7%-8% CAGR over the forecast period of 2016–2026.
APEJ is the third largest market for EVLT and battle for the third place will continue to draw the interest due to ever increasing install base for EVLT in countries such as Australia.Earlier, treatment of swollen and painful varicose veins required a surgical procedure, however now, there are multiple treatment options available to treat varicose veins based on the severity.
Endovenous laser therapy is considered as gold standard for treatment of varicose veins across the globe as patients experience minimal discomfort during and post procedure.
EVLT has mainly replaced the need for painful surgical stripping of large, varicose veins in the leg which involved a longer recovery period as compared to EVLT and slight chances of causing unsightly scars.
Endovenous laser therapy market accounted for a value of US$ 258.7 million in 2015 which is not a considerable proportion of a worldwide health care market but has a wide scope over the forecast period.Request For Report Sample: https://www.researchreportinsights.com/report/sample/110114786/Endovenous-Laser-Therapy-Devices-MarketInitially during 1990’s, surgical treatment of varicose veins was the only option available however currently, alternative treatment methods listed below are also available:SclerotherapyRadiofrequency ablationEndovenous laser therapyDiode Lasers -Top Selling ProductIn 2016, over 60% of global endovenous laser therapy revenue is estimated to be accounted by sales of diode lasers.
Although side effects of Yag laser are less, it is less efficacious for varicose vein treatment.
Medical Lithotripsy Device research report includes specific segments by region (country), by company, by Type and by Application.
This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2027.
Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-medical-lithotripsy-device-2021-379Segment by TypeIntracorporeal LithotripsyExtracorporeal LithotripsySegment by ApplicationHospitalsAmbulatory Surgical CentersOtherBy RegionNorth AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaU.A.EBy CompanyWalz ElektronikBoston ScientificOlympusC.
R. BardEDAP TMSSiemens Healthcare GmbHDornier MedTechCookKARL STORZRichard Wolf GmbHEMSGet the Complete Report & TOC @ https://www.grandresearchstore.com/life-sciences/global-medical-lithotripsy-device-2021-379Table of content1 Medical Lithotripsy Device Market Overview1.1 Product Overview and Scope of Medical Lithotripsy Device1.2 Medical Lithotripsy Device Segment by Type1.2.1 Global Medical Lithotripsy Device Sales Growth Rate Comparison by Type (2021-2027)1.2.2 Intracorporeal Lithotripsy1.2.3 Extracorporeal Lithotripsy1.3 Medical Lithotripsy Device Segment by Application1.3.1 Medical Lithotripsy Device Sales Comparison by Application: (2021-2027)1.3.2 Hospitals1.3.3 Ambulatory Surgical Centers1.3.4 Other1.4 Global Medical Lithotripsy Device Market Size Estimates and Forecasts1.4.1 Global Medical Lithotripsy Device Revenue 2016-20271.4.2 Global Medical Lithotripsy Device Sales 2016-20271.4.3 Medical Lithotripsy Device Market Size by Region: 2016 Versus 2021 Versus 20272 Medical Lithotripsy Device Market Competition by Manufacturers2.1 Global Medical Lithotripsy Device Sales Market Share by Manufacturers (2016-2021)2.2 Global Medical Lithotripsy Device Revenue Market Share by Manufacturers (2016-2021)2.3 Global Medical Lithotripsy Device Average Price by Manufacturers (2016-2021)2.4 Manufacturers Medical Lithotripsy Device Manufacturing Sites, Area Served, Product Type2.5 Medical Lithotripsy Device Market Competitive Situation and Trends2.5.1 Medical Lithotripsy Device Market Concentration Rate2.5.2 The Global Top 5 andIf You Have Any Question Related To This Report Contact Us @ https://www.grandresearchstore.com/enquire-now/global-medical-lithotripsy-device-2021-379CONTACT US:276 5th Avenue, New York, NY 10001, United StatesInternational: +1(646)-781-7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store
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