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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.
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.
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.
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.
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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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: SEGMENTATION BY PRODUCT TYPE
PART 07: SEGMENTATION BY END-USER
PART 08: SEGMENTATION BY GEOGRAPHY
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: KEY VENDOR ANALYSIS
PART 14: APPENDIX
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