The Extracorporeal Shock Wave Lithotripsy Market is a non-invasive treatment procedure used to break down kidney stones and gallbladder stones into smaller fragments through shock wave pulses. ESWL makes use of shock waves generated outside the body to fragment stones in the kidney, ureter or bile duct without making incisions. Kidney stones can be very painful and ESWL helps alleviate the pain by eliminating or reducing the size of the stone causing the obstruction.
The global Extracorporeal Shock Wave Lithotripsy Market is estimated to be valued at Us$ 510.34 Mn in 2024 and is expected to exhibit a CAGR Of 7.2% over the forecast period of 2024 To 2030.
Key players operating in the Extracorporeal Shock Wave Lithotripsy market are Dornier MedTech, EDAP TMS, Boston Scientific Corporation, Siemens AG, Olympus Corporation and Storz Medical AG. Dornier MedTech held the leading market share in 2020 owing to its strong product portfolio of lithotripters.
The growing prevalence of kidney stones and gallstones across the world is driving the demand for ESWL procedures. It is estimated that about 10-15% of the world's population will develop a kidney stone at some point during their lifetime. ESWL offers an effective non-invasive treatment option for breaking and removing stones.
Technological advancements are helping improve the safety, efficacy and outcomes of ESWL treatment. Advanced lithotripters feature improved imaging modalities for precise stone localization. They also enable variable shockwave delivery and higher number of shocks for improved stone fragmentation.
Mobile lithotripters - Companies are developing compact and portable lithotripters that can be easily moved between procedure rooms. This ensures round-the-clock availability and reduces equipment cost.
Hybrid lithotripters - Next-gen devices integrate ultrasound, fluoroscopy and ESWL to offer multi-modality guidance for pin-point stone targeting. This improves stone-free rates with fewer repeat treatments.
Emerging markets in Asia Pacific and Latin America are expected to provide high growth opportunities. Increasing healthcare spending and awareness about non-invasive procedures will drive the uptake of ESWL in these regions.
Miniaturization of lithotripters into desktop units will make the technology accessible to small clinics and hospitals. This expands the addressable market potential.
Impact of COVID-19 on Extracorporeal Shock Wave Lithotripsy Market Growth
The COVID-19 pandemic has significantly impacted the growth of the extracorporeal shock wave lithotripsy market. During the initial outbreak, most elective medical procedures were postponed to avoid the risk of virus transmission and focus healthcare resources on critical care of COVID-19 patients. This led to a decline in the number of lithotripsy procedures performed globally in 2020. However, as the pandemic spread stabilized in certain regions, healthcare facilities resumed normal operations with strict safety protocols. This helped revive the market to some extent towards the latter half of 2020. Still, the overall market revenues decreased in 2020 compared to the pre-pandemic levels.
As the vaccination drives progressed in 2021, healthcare facilities increased their capacity utilization gradually. This aided the recovery of the lithotripsy market. However, repeated waves of new variants like Delta and Omicron impacted the market growth again. Various restrictions were re-imposed temporarily. The supply chain was also disturbed sporadically. All these factors impeded the complete recovery of the market to the pre-COVID numbers. Moving ahead, as the pandemic hopefully declines, the market is expected to pick up steam. Healthcare institutions will prioritize clearing backlogs of postponed cases. At the same time, ensuring strict safety protocols will remain crucial for sustaining operations and boosting patient confidence. Adopting advanced lithotripsy technologies can further aid in meeting the growing clinical demand efficiently in the post-pandemic environment.
The Global Extracorporeal Shock Wave Lithotripsy Market In terms of geography, North America holds the major share of the extracorporeal shock wave lithotripsy market in terms of value. This is attributed to factors like the large patient pool, high healthcare expenditure, rising prevalence of urolithiasis, and rapid adoption of advanced devices. On the other hand, Asia Pacific is poised to be the fastest-growing regional market during the forecast period. This high growth can be credited to increasing awareness, improving access and healthcare investments, and expanding medical tourism in developing Asian countries.
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