Market Size of Extracorporeal Shock Wave Lithotripsy Industry
| 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.
