Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Lithotripsy Device Market (By Product: Extracorporeal Lithotripsy, Intracorporeal Lithotripsy; By Application: Kidney Stones Biliary Duct Stones, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026”.
LOS ANGELES, April 23, 2019 (GLOBE NEWSWIRE) -- According to Acumen Research and Consulting, the global Lithotripsy Device market size is estimated to grow at CAGR above 3.6% over the forecast time frame 2019-2026 and reach the market value around USD 950 million by 2026.
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The technique of lithotripsy is breaks the urolithias is process. The process of formation of stones in the rein, bladder and/or urethra is Urolithiasis. It can be observed mostly that the renal stones cause blood and discomfort in the urine or in the groin on either side of the body between the abdomen and the upper thigh. Individuals are suffering from renal stones that sometimes happen in 1 in 20 persons. The process of Lithotripsia also uses a shock wave to break stones like kidneys, bladder and ureters into the inner organ. The small pieces of stone pass out of the body with the help of urine after this procedure.
The global market is expected to be driven by an increased occurrence of kidney stone and gallstone conditions. The global market for lithotripsy devices is also expected to receive favorable refunds for the lithotripsy procedure and increase awareness of renal health. In addition, the market around the world is probably pushed by the inclination towards minimally invasive procedures. In addition, high extracorporeal lithotrypsy costs and alternative treatment available are the key market constraints. Around 10 percent of the world's population has chronic kidney disease, according to the National Kidney Foundation.
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Market Insights
In terms of the product, intracorporal lithotripsia and extracorporal lithotripsy have been classified as the lithotripsy device market. The intracorporeal lithotripsy section has been further bifurcated into mechanical lithotripsy, electrohydraulic lithotripsy, ultrasonic lithotripsy, laser lithotripsy, and others. In 2017, the segment for extracorporeal lithotripsy dominated the market because of an increase in kidney stone prevalence. The market was classified into kidney stones, gallstones and more, according to application. The kidney stone segment is expected to be driven by an increase in the prevalence due to renal tubular acidosis.
Emerging laser lithotripsy technologies to promote the market
The global lithotrypsy market is projected to increase during the projected period in emerging lithotripsy technologies. Mosses technology is a new laser lithotripsy technique used for separating water from laser tip to stone. Lumenis, the technology from Moses Holmium is a combination of fiber and holmium laser used to treat stones in places that are not easy to reach. Dusting is used to remove pills without using the basket and to remove multiple pill fragments using the Pop Dusting method. A new laser lithotripsy technology is Thulium Laser. Smaller fibers, more stone removal and greater flexibility are of great value. RevoLix DUO is a holmium-thulium laser combination offered by LISA Laser Products GmbH for urological use of lithotrypsy.
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Regional Outlook
In terms of region, North America, Europe, Asia Pacific, Latin America and the Middle East and Africa are all included in the global market of lithotrypsy devices. North America has a large number of products approved for lithotripsy for treating different stone illnesses. During the forecast period, the region's leading share of the global market is likely to grow significantly in the US in the prevalence of kidney rock disease. In addition, product launches and lithotripsy device approvals are expected to promote the region's market. The prevalence of kidney stone is motivating Europe. Around 1% to 2% of people in Germany suffer each year from kidney stones. The Asia Pacific market is growing as gallstones and kidney stones are increasingly prevalent in this region.
Key Players and Strategies
The report also provides profiles of the world's leading players in the lithotripsy device sector. These include: Siemens Healthcare GmbH, EDAP TMS, Karl STORZ, Dornier MedTech, Cook, Richard Wolf GmbH, & SMS; and Boston Scientific Corporating; Olympus Corporation, C. R. Bard, Inc. The launch of new products is expected to drive the global market during the forecast period, and the focus is on the development of technologally advanced products by companies and product approvals. Dornier MedTech started in May 2018 with a new lithotripter system Dornier Delta III and SmartLitho. Dornier MedTech was approved for the Delta III product in Japan by the Pharmaceutical and Medical Devices Agency in July 2018. In April 2018, Cybersonics, Inc. was purchased by Olympus Corporation to design and manufacture lithotripsy systems.
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