Extracorporeal Shock Wave Lithotripsy Market Insights:
The Extracorporeal Shock Wave Lithotripsy Market size was valued at USD 369.23 Million in 2022, expecting a CAGR of 6% during the forecast period (2023-2030), and the market is projected to be worth USD 588.5 Million by 2030.
The increased adoption of Extracorporeal Shock Wave Lithotripsy in the Medical Devices industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Extracorporeal Shock Wave Lithotripsy also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Extracorporeal Shock Wave Lithotripsy in many sectors also boosts the market growth during the forecast period.
Extracorporeal shock wave lithotripsy (ESWL) is a medical procedure that uses shock waves to break up kidney stones into smaller pieces that can be passed more easily through the urinary tract. During ESWL, a machine called a lithotripter delivers high-energy shock waves to the area of the kidney where the stone is located, using either a water bath or a specialized membrane to focus the waves onto the stone. ESWL is a non-invasive procedure that typically does not require general anesthesia, and it can be performed on an outpatient basis. It is often used to treat kidney stones that are too large to pass naturally or that are causing pain or other symptoms.
Extracorporeal Shock Wave Lithotripsy Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Technology (Electromagnetic, Electrohydraulic, Piezoelectric), By Application (Kidney Stone, Pancreatic Stone, Other), By End-Use (Hospital, Clinic, Other), and companies (Boston Scientific Corporation, Siemens Healthcare GmbH, Richard Wolf GmbH, Cook Group, Inc., Sainty Pharma, Olympus Corporation, C.R. Bard, Inc., Lumenis LTD, Hologic Inc., Dornier MedTech GmbH, Karl Storz SE & Co. KG, Medtrue Enterprise Co., Ltd), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 6%, over the forecast period of 2023–2030.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Million)||588.5 Million|
|By Technology||Electromagnetic, Electrohydraulic, Piezoelectric|
|By Application||Kidney Stone, Pancreatic Stone, Other|
|By End-Use||Hospital, Clinic, Other|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Boston Scientific Corporation, Siemens Healthcare GmbH, Richard Wolf GmbH, Cook Group, Inc., Sainty Pharma, Olympus Corporation, C.R. Bard, Inc., Lumenis LTD, Hologic Inc., Dornier MedTech GmbH, Karl Storz SE & Co. KG, Medtrue Enterprise Co., Ltd|
The COVID-19 pandemic has had a substantial negative influence on the Extracorporeal Shock Wave Lithotripsy market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Boston Scientific Corporation, Siemens Healthcare GmbH, Richard Wolf GmbH, Cook Group, Inc., Sainty Pharma, Olympus Corporation, C.R. Bard, Inc., Lumenis LTD, Hologic Inc., Dornier MedTech GmbH, Karl Storz SE & Co. KG, Medtrue Enterprise Co., Ltd
Market Segment Analysis:
- Kidney Stone
- Pancreatic Stone
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Extracorporeal Shock Wave Lithotripsy industries in the region.
Key Extracorporeal Shock Wave Lithotripsy Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Extracorporeal Shock Wave Lithotripsy Market segments.
– Largest Market Share Held by Industry to Industry for Extracorporeal Shock Wave Lithotripsy
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Extracorporeal Shock Wave Lithotripsy Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
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