Extracorporeal Shock Wave Lithotripsy Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

The global extracorporeal shock wave lithotripsy market is anticipated to witness an uptick on account of surging demand from patients and healthcare professionals across the globe owing to increasing awareness about the extracorporeal shock wave lithotripsy, rising preference for minimally invasive procedures and increased focus of many industry players to launch new and advanced technologies. Furthermore, the changes in lifestyle and growing prevalence of stone diseases such as kidney stones, pancreatic stones, among others. For instance, according to the European Association of Urology, the prevalence rates for urinary stones vary from 1% to 20% in 2019. Also, in other countries such as Canada, Sweden, or the United States, the prevalence of renal stones is nearly 10%. Owing to these facts and the rising expenditure for the development of the technically advanced infrastructure are some of the other factors that are adding pace to the growth of the market. 

The recent COVID-19 pandemic has disrupted the healthcare industry with the emergence of SARS-COV-2. As of March 16, 2021, there have been almost 121 million cases of COVID-19 worldwide. The disease has impacted more than 210 countries and territories, with the United States confirming around one-fifth of all global cases. Owing to this huge surge in the covid cases lockdown restrictions have been put all over the world. This has caused people to delay the number of urology surgeries which in turn has negatively impacted the extracorporeal shock wave lithotripsy market.

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According to UnivDatos Market Insights (UMI)’ research report “Global Extracorporeal Shock Wave Lithotripsy Market Analysis, 2020”, the extracorporeal shock wave lithotripsy market is projected to grow at a CAGR of around 5% during 2021-27F. The increasing prevalence of obesity and diabetes all over the globe is expected to propel the extracorporeal shock wave lithotripsy market as these people are more susceptible to developing kidney stones during their lifetime. 

Based on the technology, the market is fragmented into electrohydraulic technique, electromagnetic technique, and piezoelectric technique. The electrohydraulic technique segment accounted for a considerable share in 2020 and is anticipated to register a lucrative CAGR during the forecast period as it is one of the oldest and the original methods of shockwave generation. However, the piezoelectric technique is anticipated to witness a rapid growth rate during the projected timeframe.

Hospitals Segment to Witness Robust growth

Based on end-user, the market is segmented into hospitals, clinics, and others. The hospitals companies segment had the highest revenue and CAGR growth in the analyzed period owing to the increasing preference of patients for hospitals-based procedures, and favorable reimbursement scenarios are some of the prominent factors boosting the growth of this segment. However, the clinics segment is expected to grow at a considerable CAGR in the forthcoming years.

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North America to Grab Lion’s Share, and witnessed Explicit Growth

Based on the region, North America dominated the global extracorporeal shock wave lithotripsy market in 2020. The region is projected to maintain its dominance during the forecasted period 2021-27 owing to the presence of well-established market players and frequent product launches in the region. North America is expected to skyrocket with a CAGR of X% in the forecast period owing, as stated in UnivDatos Market Insights (UMI)’ research report “Global Extracorporeal Shock Wave Lithotripsy Market Analysis, 2020”. 

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Extracorporeal Shock Wave Lithotripsy Market include Siemens AG, Boston Scientific Corporation, Medtrue Enterprise Co. Ltd., Karl Storz Gmbh, and Co. KG, Olympus Corporation, C.R. Bard Inc., Cook Group Inc., Wikkon, Lumenis LTD, Dornier MedTech GmbH, among others. The players are focused on launching products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.  

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 “Global Extracorporeal Shock Wave Lithotripsy Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for extracorporeal shock wave lithotripsy providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.

Market Segmentation:

1. By Technology (Electrohydraulic Technique, Electromagnetic Technique, and Piezoelectric Technique)
2. By Application (Kidney Stones, Uretic Stones, Pancreatic Stones, and Salivary Stones)
3. By End-User (Hospitals, Clinics, and Others)
4. By Region (North America, Europe, Asia-Pacific, Rest of the World)
5. By Company (Siemens AG, Boston Scientific Corporation, Medtrue Enterprise Co. Ltd., Karl Storz Gmbh, and Co. KG, Olympus Corporation, C.R. Bard Inc., Cook Group Inc., Wikkon, Lumenis LTD, Dornier MedTech GmbH, )

Key questions answered in the study:

1. What are the current and future trends of the extracorporeal shock wave lithotripsy industry?
2. How the industry has been evolving in terms of technology, application, and end-user?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the extracorporeal shock wave lithotripsy industry?
5. What is the customer orientation, purchase behavior, and expectations from extracorporeal shock wave lithotripsy firms across various regions?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 COVID-19 IMPACT

6 GLOBAL EXTRACORPOREAL SHOCK WAVE LITHOTRIPSY MARKET REVENUE

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY APPLICATION

9 MARKET INSIGHTS BY END-USER

10 MARKET INSIGHTS BY REGION

11 EXTRACORPOREAL SHOCK WAVE LITHOTRIPSY MARKET DYNAMICS

12 EXTRACORPOREAL SHOCK WAVE LITHOTRIPSY MARKET OPPORTUNITIES

13 EXTRACORPOREAL SHOCK WAVE LITHOTRIPSY MARKET TRENDS & INSIGHTS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

19 DISCLAIMER

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