Global Lithotripsy Device Market: Overview

This report analyzes the current and future scenario of the global lithotripsy device market. Increase in the prevalence of urolithiasis as well as rise in the demand for lithotripsy devices in stone management are projected to drive the global market.

This report comprises an elaborate executive summary, which includes information about various segments of the global lithotripsy device market. It also provides information and data analysis of the global market with respect to the segments based on product, application, and region. A detailed qualitative analysis of drivers and restraints of the market and opportunities has been provided in the overview section. Additionally, the section comprises competitive matrix and company profiles along with business overview to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis by region and market share analysis by key players, thereby presenting a thorough analysis of the overall competitive scenario in the global lithotripsy device market.

 

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Lithotripsy Device Market: Overview

The global lithotripsy device market is anticipated to witness prominent growth avenues during forecast period. One of the key elements supporting this projection is rising number of lithotripsy surgeries. In recent period, there is increase in the instances of kidney stones and gallstone diseases among worldwide population. Lithotripter is a medical device used to perform lithotripsy, which is a noninvasive procedure that helps in pulverizing stones in the patient’s body.

In recent period, the various health insurance companies and government bodies have incorporated new policies. The main motive of these policies is to make healthcare facilities available for everyone. As a result, increase in number of lithotripsy procedures owing to increase in favorable reimbursement policies is pegged to stimulate the growth of the global lithotripsy device market.

According to 2017 statistics, the total value of the global lithotripsy device market in this year was around US$ 705.5 mn. The market is projected to grow at a CAGR of around 3.8% during the forecast period of 2018–2026 and touch to the value of about US$ 984.3 mn by 2026.

The segmentation of the global lithotripsy device market is performed on the basis of products and applications

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

Key Players of Lithotripsy Device Market Report:

Another strategy that will be on the top of the list is expanding the geographical reach. For this purpose, many companies in the global lithotripsy device market are entering into partnership with other regional companies. This move is expected to support the market growth.  Olympus Corporation, Boston Scientific Corporation, EDAP TMS, C. R. Bard, Inc. (Becton, Dickinson), Dornier MedTech, Siemens Healthcare GmbH, KARL STORZ, Cook, EMS, and Richard Wolf GmbH are some of the key companies operating in the global lithotripsy device market.

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