Lithotripsy Device Market to Gain Value of US$ 1.1 Bn by 2031, Reveals TMR Review - GlobeNewswire

Wilmington, Delaware, United States, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global lithotripsy instrumentality market is estimated to scope a worth of US$ 1.1 Bn by 2031, states a study by Transparency Market Research (TMR). The marketplace for lithotripsy instrumentality is expected to turn astatine a CAGR of 4.1% during the forecast period, from 2022 to 2031. The full worth of marketplace was US$ 717.6 Mn successful 2021.

Lithotripsy Device Market: Key Findings

• Government authorities of respective nations worldwide are providing charismatic reimbursement policies for lithotripsy procedures, according to a TMR survey that offers in-depth cognition connected the lithotripsy aesculapian instrumentality industry. Moreover, determination has been a surge successful the knowing among radical regarding the value of kidney health. These factors expected to boost the income maturation successful the marketplace during the forecast period, notes a TMR survey that sheds airy connected antithetic cardinal aspects including the laser lithotripsy devices.
• As per TMR’s review, the extracorporeal lithotripsy conception of the marketplace showed dominance successful 2021. The maturation of the conception is ascribed to summation successful the cases of kidney stones worldwide. This aside, the intracorporeal lithotripsy conception is projected to grow astatine salient gait during the forecast play owing to emergence successful the usage of lithotripsy devices owed summation successful the adoption of minimally invasive procedures globally, states a TMR reappraisal report.
• The kidney stones exertion conception dominated the marketplace successful 2021 owed to summation successful the cases of kidney stones owing to renal tubular acidosis. As per a study released successful 2020, approximately12% Indian colonisation is estimated to endure from urinary chromatic issues. This aside, the fig of kidney chromatic surgeries are increasing. These factors are expected to thrust the income fig successful the nation.
  

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Lithotripsy Device Market: Growth Boosters

• Rising prevalence of kidney stones globally is expected to boost the maturation of the lithotripsy instrumentality marketplace stock during the forecast period
• The adoption of extracorporeal lithotripsy is projected to summation successful the adjacent aboriginal owing to surge successful people’s inclination toward minimally invasive procedures

Lithotripsy Device Market: Regional Analysis

• The marketplace successful North America is projected to summation profitable prospects during the forecast period. The marketplace maturation is ascribed to summation successful concern successful the healthcare infrastructure, emergence successful the wellness understanding, and summation successful request for next-gen healthcare facilities successful the region. Moreover, the North America marketplace is expected to proceed attracting lucrative prospects successful the adjacent aboriginal owing the beingness of favorable reimbursement policies for surgical procedures and ample fig of kidney chromatic patients successful the region.
• The Europe marketplace is expected to pull sizable concern opportunities successful the forthcoming years. The marketplace maturation successful Europe is attributed to the beingness of precocious infrastructure and favorable regulations unneurotic with emergence successful the fig of caller products approvals successful the region.

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Market Competition Landscape

• Companies are expanding investments successful researches successful bid to make next-gen minimally invasive lithotripsy devices
• Several players are focusing connected the motorboat of cost-effective products
• Enterprises are utilizing acquisition strategy successful bid to grow their merchandise portfolios

Lithotripsy Device Market: Key Players

Some of the cardinal players profiled successful the study are:

• Olympus Corporation
• Boston Scientific Corporation
• EDAP TMS
• C. R. Bard, Inc. (Becton, Dickinson)
• Dornier MedTech
• Siemens Healthcare GmbH
• KARL STORZ
• Cook
• EMS
• Richard Wolf GmbH

Lithotripsy Device Market Segmentation

• Product
  • Intracorporeal Lithotripsy
    • Mechanical Lithotripsy
    • Electrohydraulic Lithotripsy
    • Laser Lithotripsy
    • Ultrasonic Lithotripsy
    • Others
  • Extracorporeal Lithotripsy
• Application
  • Kidney Stones
  • Biliary Duct Stones
  • Others

Regions Covered

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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