Transparency Market Research (TMR) has published a new report
titled, “Lithotripsy Device Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast, 2018–2026”. According to the report, the global
lithotripsy device market was valued at US$ 705.5 Mn in 2017.
It is projected expand at a CAGR of 3.8% from 2018 to 2026. Increase in the
prevalence of kidney stone and a rise in awareness about kidney health are
anticipated to augment the global market between 2018 and 2026.
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Lithotripsy is a non-invasive procedure that is utilized to break
stones present in various organs such as kidneys, liver or gallbladder, and
pancreas. Lithotripsy compromises products such as intracorporeal and
extracorporeal lithotripter. Rise in the prevalence of kidney stones and an
increase in the awareness of kidney health are key factors that are anticipated
to drive the global market for lithotripsy device. Additionally, favorable
reimbursement policies are likely to propel the global lithotripsy device
market. However, availability of alternatives for stone management is
anticipated to restrain the global market. Moreover, the high cost of
lithotripsy procedure is a major factor restraining the market.
The report offers detailed segmentation of the global lithotripsy
device market based on product and application. The market has also been
segmented based on region (North America, Europe, Asia Pacific, Latin America,
and Middle East & Africa). Favorable reimbursement policies and an increase
in the prevalence of kidney stone are likely to drive the global lithotripsy
device market.
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Extracorporeal lithotripsy segment
to account for leading share, while intracorporeal lithotripter segment to
expand significantly
In terms of product, the extracorporeal lithotripsy segment
accounted for a leading share of the global market in 2017, and the trend is
anticipated to continue during the forecast period. Increase in prevalence of
pancreatic, biliary, and ureteral stone cases across the globe is projected to
boost the segment during the forecast period. Increase in demand for
lithotripsy devices, due to inclination toward minimally invasive procedures,
is a key factor that is anticipated to drive the market during the forecast
period.
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Emerging technologies in laser
lithotripsy to propel market
Emerging technologies in lithotripsy are projected to boost the
global lithotripsy market during the forecast period. Mosses technology is a
new technique of laser lithotripsy that is employed to separate water between
laser tip and stone. Lumenis, Moses Holmium technology is a combination of
fiber and Holmium laser that is utilized to treat stones present in difficult
to reach locations. Dusting technique is used to remove stones without using
the basket, while the pop-dusting technique is used to remove multiple stone
fragments. Thulium laser is a new technology of laser lithotripsy. Its
advantages include smaller fibers, increase in stone ablation, and higher
flexibility. RevoLix DUO is a combination of Holmium and Thulium laser,
offered by LISA Laser Products GmbH, and is used for urological
application for lithotripsy.
North
America to be highly lucrative lithotripsy device market
North America has a large number of lithotripsy products approved
for the treatment of various stone diseases. In the U.S., significant increase
in prevalence of kidney stone diseases is likely to propel the region’s leading
share of the global market during the forecast period. Additionally, product
launches and approval for lithotripsy devices are anticipated to drive the
market in the region.
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Product launches by key players
and patent approvals to boost market
The report also provides profiles of leading players operating in
the global lithotripsy device market. These include Boston Scientific
Corporation, Olympus Corporation, C. R. Bard, Inc., (Becton, Dickinson), EDAP
TMS, Siemens Healthcare GmbH, Dornier MedTech, Cook, KARL STORZ, Richard Wolf
GmbH, and EMS. Launch of new products, focus on development of technologically
advanced products by companies, and product approvals are expected to drive the
global market during the forecast period. In May 2018, Dornier MedTech launched
a new product Dornier Delta III and SmartLitho lithotripter system. In July
2018, Dornier MedTech received approval from Pharmaceutical and Medical Device Agency
for the Delta III product in Japan. In April 2018, Olympus Corporation acquired
Cybersonics, Inc. for lithotripsy system design and production
technology.
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