Extracorporeal Shock Wave Lithotripsy Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.60 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Extracorporeal Shock Wave Lithotripsy Market Analysis
The extracorporeal shock wave lithotripsy (ESWL) market is expected to register a CAGR of 6.6% during the forecast period.
- The COVID-19 pandemic significantly impacted the extracorporeal shock wave lithotripsy (ESWL) market, as anesthesiologists had to focus on managing COVID-19-infected patients, resulting in the postponement of elective surgeries. Urological patient beds were also reduced to allocate resources to COVID-19 wards. As a result, according to a study published in the Journal of EndoUrology in October 2021, non-invasive treatments became crucial in patient management during the lockdown period to minimize COVID-19-related risks to patients.
- Furthermore, the impact of the COVID-19 pandemic on kidney stone treatment was significant, as evidenced by a study conducted by the American Urological Association. The study revealed a notable decrease in the overall kidney stone treatment rate during the peak of the pandemic in 2020. As a result, the demand for ESWL devices was hampered during the pandemic.
- However, the rising prevalence of kidney and ureter stones and the increasing demand for minimally invasive procedures are expected to fuel the ESWL market. Kidney stones affect approximately 5% of women and 12% of men at some point in their lives, according to a study published in October 2021, and using ESWL to treat kidney stones is a safe and effective method. According to a study published in October 2021, kidney stones affect about 5% of women and 12% of men at some point in their lives. Using ESWL to treat kidney stones is considered a safe and effective method. In June 2021, the World Health Organization (WHO) reported that 39 million children under 5 years were overweight or obese, with one in five children and adolescents globally being overweight.
- In addition, product and service launches, mergers, and acquisitions are anticipated to boost the market over the forecast period. For instance, ESWL was introduced at BHR University Hospitals in the United Kingdom in February 2023, and Boston Scientific acquired Lumenis LTD in September 2021 to develop energy-based medical solutions for urology and otolaryngology procedures.
- Despite the market's potential for growth, the limitations of ESWL may restrain the market over the forecast period.
Extracorporeal Shock Wave Lithotripsy Market Trends
Kidney Stone Segment is Projected to Grow Significantly During the Forecast Period.
- The kidney stone segment has emerged as the largest revenue contributor in the global healthcare industry, owing to the rising incidence of kidney stones worldwide. According to a 2022 article published by the Multidisciplinary Digital Publishing Institute (MDPI), approximately 20% of the global population suffers from kidney stones, and the associated health and economic costs are significant.
- Several risk factors contribute to the prevalence of kidney stones, such as obesity, metabolic disorders, intestinal injuries, certain medications, and diabetes. According to the International Federation of Diabetics (IFD) Report 2021, diabetes is a significant risk factor for kidney stones, and it affected about 463 million people aged between 20 to 79 years globally in 2020. The number of people with diabetes is expected to rise to 643 million by 2030 and 700 million by 2045. Moreover, the incidence of Type 2 diabetes is rising rapidly in low- and middle-income countries, affecting 79% of adults in these regions. For people with diabetes, kidney stones can be especially troublesome, as the sugar in their urine creates a breeding ground for bacteria. As a result, the increasing prevalence of diabetes and kidney stones is expected to boost the demand for kidney stone treatments over the forecast period.
- One of the most common and effective treatments for kidney stones is extracorporeal shock wave lithotripsy. This procedure involves shattering the kidney stone into smaller fragments that can pass through the urinary tract more quickly and exit the body. However, with the advent of technologically advanced products by key market players, the market for kidney stone treatments is expected to grow significantly over the forecast period. For instance, in June 2020, Olympus introduced its SoltiveTM SuperPulsed Laser System, a new thulium fiber laser application designed for stone lithotripsy and soft tissue applications.
- In conclusion, the kidney stone treatment market is poised for significant growth over the forecast period due to the rising incidence of kidney stones worldwide and increasing risk factors such as diabetes, obesity, and metabolic disorders. Additionally, the introduction of technologically advanced products by key market players is expected to drive market growth further.
North America Dominates the Market and Expected to do Same in the Forecast Period.
- North America is expected to dominate the extracorporeal shock wave lithotripsy market over the forecast period, owing to many obese and diabetic patients prone to stone formation.
- The COVID-19 pandemic had a negative impact on the extracorporeal shock wave lithotripsy market due to the reduced number of surgeries being performed, resulting in reduced usage of the devices. The pandemic also affected the market by directly affecting production and demand, creating supply chain and market disruptions, and negatively impacting firms and financial markets.
- According to the research article published in the National Library of Medicine, kidney stones affect about 12% of the global population. Their yearly incidence in the United States was around 600,000 in 2021. However, the rising adoption of extracorporeal shock wave lithotripsy and regulatory approval for the various treatment are boosting the market growth. In February 2021, the Shockwave intravascular lithotripsy (IVL) system was cleared by the US Food and Drug Administration (US FDA) to treat severely calcified coronary artery plaques.
- Thus, owing to the abovementioned factors, the studied market is expected to grow significantly over the forecast period.
Extracorporeal Shock Wave Lithotripsy Industry Overview
The market for extracorporeal shock wave lithotripsy is highly competitive, with several international and local companies holding significant market shares. Some of the well-known companies in the market include Olympus, Dornier MedTech, MTS Medical, Cook Medical, and Richard-Wolf, among others.
These companies are actively engaged in research and development activities to introduce innovative products that offer better patient outcomes and improved efficiency. Moreover, they are also expanding their market presence through strategic collaborations, partnerships, and mergers and acquisitions.
Extracorporeal Shock Wave Lithotripsy Market Leaders
Olympus
Dornier MedTech
MTS Medical
Cook Medical
Richard-Wolf
*Disclaimer: Major Players sorted in no particular order
Extracorporeal Shock Wave Lithotripsy Market News
- May 2022: Dornier MedTech received Food and Drug Administration (FDA) clearance and CE approval for its new Nautilis urology table. For decades, urology tables have remained virtually unchanged, with only incremental improvements in their imaging systems. Dornier has completely reimagined the urology table with the patient, urologist, and the hospital in mind. The Nautilus offers new capabilities never before found in a urology table, combining a free-standing motorized urology table and the benefits of a mobile C-arm into one powerful, ergonomic platform.
- January 2022: Applaud Medical was granted breakthrough device designation by the Food and Drug Administration (FDA) for its Acoustic Enhancer technology. This technology is intended for use in combination with ureteroscopy with laser lithotripsy (URS-LL) for breaking down calcium-based urinary stones.
Extracorporeal Shock Wave Lithotripsy Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Adoption of Minimally Invasive Procedures
4.2.2 Growing Risk Factors That Lead to Kidney Stones
4.3 Market Restraints
4.3.1 Limitations Of Extracorporeal Shock Wave Lithotripsy (ESWL)
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value USD million)
5.1 Technology
5.1.1 Electromagnetic
5.1.2 Electrohydraulic
5.1.3 Piezoelectric
5.2 Application
5.2.1 Kidney Stone
5.2.2 Pancreatic Stone
5.2.3 Other Applications
5.3 End-User
5.3.1 Hospital
5.3.2 Clinic
5.3.3 Other End-Users
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Cook Medical
6.1.2 Siemens Healthcare GmbH
6.1.3 Olympus
6.1.4 Dornier MedTech
6.1.5 Storz Medical AG
6.1.6 MTS Medical
6.1.7 WIKKON
6.1.8 Richard-Wolf
6.1.9 DirexGroup
6.1.10 EDAP TMS
6.1.11 Allengers
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Extracorporeal Shock Wave Lithotripsy Industry Segmentation
Extracorporeal shock wave lithotripsy is a technique for treating stones in the kidney and ureter that do not require surgery. Instead, high-energy shock waves are passed through the body and used to break stones into pieces as small as grains of sand. Extracorporeal shock wave lithotripsy devices (ESWL) are used to treat kidney and ureter stones. This technology has been utilized by physicians worldwide. It is expected to increase its penetration over the coming years due to its advantages, such as minimal invasiveness, reduced pain, shorter hospital stay, and quicker recovery.
The extracorporeal shock wave lithotripsy market is segmented by technology (electromagnetic, electrohydraulic, and piezoelectric), application (kidney stone, pancreatic stone, and other), end-use (hospital, clinic, and others), and geography (North America, Europe, Asia-Pacific, and Rest of the World). The report also covers the estimated market sizes and trends for 17 countries across major global regions.
The report offers the value (USD million) for the above segments.
| Technology | |
| Electromagnetic | |
| Electrohydraulic | |
| Piezoelectric |
| Application | |
| Kidney Stone | |
| Pancreatic Stone | |
| Other Applications |
| End-User | |
| Hospital | |
| Clinic | |
| Other End-Users |
| Geography | ||||||||
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| Rest of the World |
Extracorporeal Shock Wave Lithotripsy Market Research FAQs
What is the current Extracorporeal Shock Wave Lithotripsy Market size?
The Extracorporeal Shock Wave Lithotripsy Market is projected to register a CAGR of 6.60% during the forecast period (2024-2029)
Who are the key players in Extracorporeal Shock Wave Lithotripsy Market?
Olympus, Dornier MedTech, MTS Medical, Cook Medical and Richard-Wolf are the major companies operating in the Extracorporeal Shock Wave Lithotripsy Market.
Which is the fastest growing region in Extracorporeal Shock Wave Lithotripsy Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Extracorporeal Shock Wave Lithotripsy Market?
In 2024, the Asia-Pacific accounts for the largest market share in Extracorporeal Shock Wave Lithotripsy Market.
What years does this Extracorporeal Shock Wave Lithotripsy Market cover?
The report covers the Extracorporeal Shock Wave Lithotripsy Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Extracorporeal Shock Wave Lithotripsy Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Extracorporeal Shock Wave Lithotripsy Industry Report
Statistics for the 2024 Extracorporeal Shock Wave Lithotripsy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Extracorporeal Shock Wave Lithotripsy analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
