Lithotripsy Market at USD 524.9 Million Revenues Plying for Significant Growth During 2019 – 2023 | MarketResearchFuture.com

Mar 14, 2019

Lithotripsy Market report by leading company Market Research Future explores Scope of the Study as Research Objective, Assumptions and Limitations in-depth. The report gives Market Dynamics by Drivers, Restraints, Opportunities, Challenges, Macroeconomic Indicators and Technology Trends & Assessment.

Pune, Maharashtra - March 14, 2019 /MarketersMedia/ —

The Global Lithotripsy Market is growing rapidly, gaining colossal prominence owing to the augmenting prevalence of kidney stones. Attributing to the technological advancements transpired in the medical science, the market has grown exponentially, witnessing the emergence of novel treatment procedures, medications & surgeries.

Market Research Future (MRFR) in its recently published study report asserts that the global Lithotripsy market, growing further, will register a growth of USD 524.9 Mn. By 2023 with over 4% CAGR from 2017 to 2023.

Additional factors such as growing population and urbanization worldwide are fostering the market growth. Improving economic conditions that enable access to the quality life & the improved healthcare worldwide are providing impetus to the market growth. Seminal efforts &investments put in the field to bring betterment in the therapy, by the key market players are paying off well, fostering the market growth. Simultaneously, government initiatives are playing a vital role in encouraging the market growth.

On the other hand, factors such as low awareness among people about the availability of this treatment, the high cost involved in Lithotripsy along with the skepticism of physicians towards the advancement & efficacies of this treatment, are likely to impede the growth of the Lithotripsy market.

Global Lithotripsy Market – Key Players

Some of the fervent key players driving the market include DIREX, S.L. (Spain), Boston Scientific (US), Dornier MedTech. (Germany), Elmed Electronics & Medical Industry & Trade Inc. (Turkey), EDAP TMS (France), Jena Med Tech GmbH (Germany), Olympus Corporation (Japan), Medispec LTD (US), Siemens Healthcare GmbH (Germany), and STORZ MEDICAL AG (Switzerland)

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Lithotripsy Market - Segmentation

The Global Lithotripsy Market has been segmented based on type and end user.

By type, the global lithotripsy market has been segmented into extracorporeal shock wave lithotripsy (ESWL), intracorporeal (endoscopic lithotripsy), percutaneous lithotripsy, and others. The intracorporeal segment has been segmented into laser lithotripsy, electrohydraulic lithotripsy, mechanical lithotripsy, and ultrasonic lithotripsy.

By end user, the global lithotripsy market has been segmented into hospitals and clinics, research laboratories, academic institutes, and others.

Industry, Innovation & Related News:

In December 2018, Shockwave Medical, a company specializing in the development and commercialization of intravascular lithotripsy, announced a partnership with Abiomed, Inc., a manufacturer of medical implant devices. The companies have collaborated for the purpose of a training and education program in the US and Germany with a prime focus on their respective technologies.

In May 2018, Shockwave Medical, a pioneer of Intravascular Lithotripsy launched Coronary Intravascular Lithotripsy in Europe.

April 23, 2018, Shockwave Medical, Inc. (US), a pioneer in the treatment of calcified cardiovascular disease, announced CE Mark and European commercial availability of the Shockwave S4 Peripheral Intravascular Lithotripsy (IVL) Catheter. Intravascular Lithotripsy is an innovative therapy designed to treat calcified leg artery blockages with lithotripsy - sonic pressure waves historically used to treat patients with kidney stones.

Lithotripsy Market - Regional Analysis

By region, the Global Lithotripsy Market has been segmented into the Americas, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA).

The Americas is the largest market for lithotripsy and held the largest share of the market in 2016. The widespread prevalence of urology disorders and the presence of a massive pool of diabetic patients in the region drive the Americas market. Moreover, robust healthcare sector, favorable reimbursement scenario, and high healthcare expenditure in the region can be credited for the growth of the market.

Europe commands the second position in the global lithotripsy market where Western Europe accounts for the lion's share of the market. High healthcare expenditure and spreading awareness about new products and therapies in the region can be credited for the growth of the market.

APAC is the fastest growing market for lithotripsy. Expanding healthcare sector, improving reimbursement scenario and the existence of a broad patient base in the region stimulates the growth of the market. The MEA market is expected to grow at a moderate pace over the forecast period.

Browse Complete 72 Pages Premium Research Report Enabled with Tables and Figures @ https://www.marketresearchfuture.com/reports/lithotripsy-market-3200

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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