The lithotripsy devices market size is estimated to be USD 1,450.7 million in 2022 and is expected to witness a CAGR of 6.75% during the forecast period 2023-2033. The improvements in technology for lithotripsy devices, a growing number of urolithiasis cases, aging populations, and a worldwide rise in demand for extracorporeal shock wave lithotripsy procedures are factors contributing to the market growth. However, existence of alternative stone removal procedures, undesirable us healthcare reforms, and negative effects of lithotripsy is expected to hinder the growth.

Segmentation

By Application

On the basis of application, the market is segregated into bile duct stones, pancreatic stones, ureteral stones, and kidney stones. In 2022, the kidney stones segment held the highest market share owing to the aging global population and the rise in kidney stone occurrence.

By Type

Based on type, the market is bifurcated into intracorporeal lithotripsy devices and extracorporeal shock wave lithotripsy devices. In 2022, the extracorporeal shock wave lithotripsy devices segment held the highest market share owing to its rising usage of it as the primary method of care for urinary stones as ESWL is the least invasive stone therapy available.

By End User

On the basis of end user, the market is segregated into ambulatory surgical centers, hospitals, and other end users. In 2022, the hospitals segment held the highest market share owing to the fact that hospitals execute the bulk of surgical procedures, and hospitals are the main end users of lithotripsy devices.

Regional Markets

In 2022, North America region accounted for the highest revenue in the lithotripsy devices market and is expected to maintain its dominance during the forecast period. This is attributed to the rise in the usage of innovative technology for kidney stone therapy, numerous operations carried out the year in the area, increased product releases, and the existence of multiple powerful players here. However, the Asia-Pacific region is predicted to grow at the fastest rate during the projection period owing to the increasing prevalence of disorders of the urinary tract, growing patient use of lithotripsy, and rising frequency of renal stones in patients.

Competitor Insights

Some of the key players operating in the lithotripsy devices market are Boston Scientific (US), DirexGroup (Germany), Dornier MedTech (Germany), Elmed Electronics & Medical Industry & Trade Inc. (US), KARL STORZ SE & Co. KG (Germany), Olympus America (Japan), Richard Wolf (Germany). Siemens AG (Germany), Welstone Technology (US), and Ziel Medizintechnik GmbH (Germany).

This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including application, type, and end user from 2023 to 2033.

Report Scope:

Segmentation: Lithotripsy Devices Market Report 2022 – 2033

Application (Revenue, USD Million), 2022 – 2033

• Bile Duct Stones
• Pancreatic Stones
• Ureteral Stones
• Kidney Stones

Type (Revenue, USD Million), 2022 – 2033

• Intracorporeal Lithotripsy Devices
  • Mechanical Lithotripsy Devices
  • Ultrasonic Lithotripsy Devices
  • Electrohydraulic Lithotripsy Devices
  • Laser Lithotripsy Devices
• Extracorporeal Shock Wave Lithotripsy Devices

End User (Revenue, USD Million), 2022 – 2033

• Ambulatory Surgical Centers
• Hospitals
• Other End Users

By Region (Revenue, USD Million), 2022 – 2033

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Rest of MEA