Extracorporeal Shock Wave Lithotripsy Market 2015 - 2023: Global Industry Size, Share, Growth, Forecasts
Latest
industry research report on: Global Extracorporeal Shock Wave
Lithotripsy Market : Industry Size, Share, Research, Reviews,
Analysis, Strategies, Demand, Growth, Segmentation, Parameters,
Forecasts
Extracorporeal
shock wave lithotripsy
(ESWL) is a most common non-invasive treatment for kidney stones and
ureter stones. The lithotriptor applies external high-intensity
acoustic pulse to crush the stone causing minimal damage to the
normal tissue. The shock waves break the stones into small fragments.
ESWL is widely used by physician worldwide due to characteristics
such as non-invasiveness, reduced pain and recovery time and reduced
hospital stay. The developing health care infrastructure by and
availability of technically developed equipment to carry out the
procedure are the vital drivers for the extracorporeal shock wave
lithotripsy market. In addition, the rising prevalence and incidences
of kidney stones and ureter stones are expected to fuel the
extracorporeal shock wave lithotripsy market. Furthermore, the rising
prevalence of obesity and patient awareness about the latest
technological advancements will contribute to the growth of the
market. However, failure of crushing large stones through ESWL is the
challenging factor for the extracorporeal shock wave lithotripsy
market.
The
extracorporeal shock wave lithotripsy market can be segmented into
technological, applications and end-user. Technologically, the market
can be further segmented into electrohydraulic technique,
piezoelectric technique, and electromagnetic technique.
Electrohydraulic technique is the oldest and the original method of
shockwave generation. Thus, it hold the largest share and is the most
accepted technique in the extracorporeal shock wave lithotripsy by
physicians and doctors. However, piezoelectric technique has the
highest growth rate during the forecast period. On the basis of
applications, the extracorporeal shock wave lithotripsy is used for
kidney stones, uretic stones, pancreatic stones and salivary stones.
Extracorporeal shock wave lithotripsy for kidney has the largest
market share and continue to show uniform growth during the forecast
period. Depending on the end-user, extracorporeal shock wave
lithotripsy is segmented into hospitals, clinics, radiology labs and
others. Hospitals held the largest share in the extracorporeal shock
wave lithotripsy market by end-user. However, the growth of clinic
providing extracorporeal shock wave lithotripsy is boosting due to
technological growth and reduced recovery time and early discharge
after the treatment.
Geographically,
North America held the largest share in the extracorporeal shock wave
lithotripsy throughout the forecast period. Presence of large number
of obese patients susceptible to the development of kidney stones is
expected to surge the market. Investment in medical device technology
research and development have coursed in the recent past as well as
collaborations have led to recent advances in the technique. Europe
is the second largest extracorporeal shock wave lithotripsy market
due to increased government investment fueling the market growth.
However, the fastest growing region is expected to be Asia Pacific
due to emerging health care infrastructure, and development of
technological facilities. Rising population, changing lifestyle and
high acceptance to novel technology are the major market drivers in
this region. Japan, China and India are the fastest growing economies
in Asia Pacific. South American countries such as Brazil and Mexico
are the regions that have significant potential for growth due to
developing medical infrastructure, and high disposable income.
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Globally, the extracorporeal
shock wave lithotripsy market is dominated by players such as Boston
Scientific Corporation, C.R. Bard Inc., Lumenis LTD, Cook Group Inc.,
Siemens AG, Medtrue Enterprise Co. Ltd., Karl Storz Gmbh and Co. KG,
Olympus Corporation, Sainty Pharma, and Dornier MedTech GmbH.
This research report analyzes
this market on the basis of its market segments, major geographies,
and current market trends. This report provides comprehensive
analysis of
Market growth drivers
Factors limiting market
growth
Current market trends
Market structure
Market projections for
upcoming years
This report is a complete study
of current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It
includes analysis of recent developments in technology, Porter’s
five force model analysis and detailed profiles of top industry
players. The report also includes a review of micro and macro factors
essential for the existing market players and new entrants along with
detailed value chain analysis.
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