Global Lithotripters Market 2017-2021

This market research study identifies Boston Scientific, KARL STORZ, and Siemens as the leading players in the global lithotripters market. A comprehensive analysis of this market is also presented by product type (ESWL systems and intracorporeal lithotripsy systems), by end-user (hospitals and specialty clinics and ASCs), and by geography (the Americas, APAC, and EMEA).

Lithotripters market overview

The rising preference for minimally invasive (MI) procedures over open surgeries for the removal of kidney stones is driving the demand for extracorporeal shock wave lithotripsy (ESWL) procedure. Research analysis on the global lithotripters market identifies that the increasing number of ESWL procedures will be one of the major factors inducing a positive impact on the growth of the market. The demand for ESWL is increasing because it is performed by directing shockwaves. Lithotripter provides a focused and high-intensity acoustic pulse to break the kidney stones.

ESWL procedure can remove kidney stones that are radio-opaque and less than 0.79 inches in size. A large number of patients are adopting ESWL because it allows them to return to their routine almost immediately. Also, they offer a high success rate and has a minimal analgesic requirement. Technavio’s market research analysts predict that this global market is estimated to cumulate a revenue of more than USD 500 million by 2021.

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Lithotripters market forecast based on geography

In terms of geography, the Americas is witnessing growth in the global lithotripters market due to the advancement in product design and application. The market will continue to grow during the estimated period due to the availability of favorable reimbursements. Furthermore, vendors in the region are trying to boost their revenue generation by adopting strategies such as product innovation and product line extension.

Lithotripters market analysis for key vendors

The global lithotripters market is characterized by the presence of several global, national, and regional vendors. These vendors are increasingly competing against each other based on factors such as competitive pricing, product differentiation, success rate, and a strong distribution channel. Tier-1 and Tier-2 companies are extensively focusing on strengthening their product lines by adopting mergers and acquisitions. The entry of new companies will strengthen the competitive environment of the market.

Key vendors in the lithotripters market

• Boston Scientific
• KARL STORZ
• Siemens

Lithotripters market segmentation by product type

• ESWL systems
• Intracorporeal lithotripsy systems

The hospital industry across the world is witnessing an increasing adoption of intracorporeal lithotripsy due to the technological advancement in blasting kidney stones treatment. It is estimated that the demand for integrated ultrasonic pneumatic lithotripters will increase in the forthcoming years due to their high efficacy in kidney stone removal. During a lithotripsy procedure, PercSac, polyethylene (PE) sack is used to control stone fragments and entrap kidney stones.

Lithotripters market segmentation by end-user

• Hospitals and specialty clinics
• ASCs

The majority of patients prefer hospitals and specialty clinics over other healthcare centers because they introduce advanced medical equipment such as integrated lithotripters, lithotripters coupled with fluoroscopy systems, and lithotripter workstations. The popularity of hospitals and specialty clinics will continue to grow for the next four years due to the availability of low procedure cost in emerging countries and an increase in medical tourism.

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Key questions answered in the report include

• What will the lithotripters market size and the growth rate be in 2021?
• What are the key factors driving the global lithotripters market?
• What are the key lithotripters market trends impacting the growth of the global lithotripters market?
• What are the challenges to market growth?
• Who are the key vendors in the global lithotripters market?
• What are the market opportunities and threats faced by the vendors in the global lithotripters market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global lithotripters market?

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