Lithotripsy is a medical procedure used for breaking stones in kidney and in other organs, such as liver or gallbladder. Generally, kidney stones exit the body through urination, however, the same is not possible in the case of large stones. In such cases, lithotripsy devices are used to disintegrate kidney or ureteric stones to allow passage through the urinary tract system with negligible discomfort to the patient.
A recently compiled report of Fact.MR, titled “Lithotripsy Devices Market Forecast, Trend Analysis & Competition Tracking – Global Review 2018 to 2026,” gives an exhaustive analysis on lithotripsy devices market. Size of lithotripsy devices market has been evaluated for the historical period (2013-2017) and forecast period (2018-2026), and is offered in volume (tons) and value (US$ MN). The report also delivers a detailed analysis and forecast on main segments and the competitive landscape of lithotripsy devices market.
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Unique Growth Strategies Becoming Paramount
The robust competition in lithotripsy devices market is propelling lithotripsy devices manufacturers to adopt unique growth strategies to gain a competitive edge in lithotripsy devices market. To capitalize on the proliferating demand for lithotripsy devices, the leading players in lithotripsy devices market are increasingly inducing innovative features in lithotripsy devices, business expansion and collaborations and acquisitions in order to survive and gain the center stage in the marketplace. Furthermore, lithotripsy devices market players are focusing their efforts in the direction of manufacturing innovative lithotripsy devices to intensify their market position and reinforce product offerings.
The report offers a crisp overview of the lithotripsy devices market, which includes an introduction to the lithotripsy devices market in tandem with a definition of the target product – lithotripsy devices. A systematic breakdown of the lithotripsy devices market has been offered in this chapter, which implies scope of the research involved. Size of lithotripsy devices market has been studied in terms of volume (tons) and value (MN), and forecast on the lithotripsy devices market has been offered for the period between 2018 and 2026.
Surging Incidence of Urolithiasis to Boost Sales of Lithotripsy Devices
Urolithiasis is a widely prevalent urologic issue, which constitutes considerable burden on the healthcare system across the globe. According to Fact.MR report on lithotripsy devices market, apart from widespread prevalence, urolithiasis has been linked to an increased risk of end-stage renal failure, which has further accelerated the demand for lithotripsy devices. As per the U.S. National Institutes of Health, urolithiasis affects roughly 12% of the worldwide population once in lifetime. The report opines that the growing prevalence of kidney stones is likely to drive the growth of lithotripsy devices market during the forecast period. The rapidly advancing technology and manifold extracorporeal shock wave lithotripsy procedures are anticipated to act as a main growth driver for lithotripsy devices market, as per Fact.MR study. Further, lithotripsy devices’ manufacturers are focusing on creating novel and cutting-edge lithotripsy devices, which is expected to fuel growth in global lithotripsy devices market during 2018-2026.
Adverse Effects Associated with Lithotripsy Dampening Market Development
Due to numerous risks associated with lithotripsy treatment, such as internal bleeding, lithotripsy devices’ manufacturers have been struggling to grow their sales. As treatment with lithotripsy devices can damage kidney due to blockage in urine flow caused by small stone particles, in tandem with other potential health complications, such as high blood pressure, several patients with kidney stones are opting for available viable substitutes to lithotripsy devices.
Detailed profiling of leading players operating in lithotripsy devices market has been included in lithotripsy devices market report. Key players operating in lithotripsy devices market include, Siemens AG, Dornier MedTech, C.R. Bard, Inc., STORZ Medical, Lumenis, Olympus America, ms Westfalia, Elmed Medical Systems, MTS medical, Direx Group, Walz Elektronik, Medispec Ltd. GEMSS Co., Ltd., Inceler Medikal, Richard Wolf, EMS Electro Medical Systems, Allenger, Jena Med Tech GmbH, Walz Elektronik GmbH, Novamedtek, Boston Scientific Corporation, EDAP TMS, Beijing SODY Medical Equipment Co., Ltd., Cook Medical, and Apex-MediTech.
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