The Global Lithotripsy Devices Market is expected to reach USD 2.12 billion by 2025, from USD 1.41 billion in 2017 growing at a CAGR of 5.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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The market dynamics study of this Lithotripsy Devices Market business research report demonstrates the scope of the various commercial possibilities over the coming years and the positive revenue forecasts in the years ahead. It also studies the key markets and mentions different regions i.e. the geographical spread of the business. Under competitive market share evaluation, this document suggests that the key players dominate the operations in the industry attributable to their strong geographical reach & huge production facilities. The major players operating in the Lithotripsy Devices Market are in strong competition in terms of technology, innovation, and pricing.
Some of the major players operating in the Lithotripsy Devices Market are Richard Wolf, Direxgroup, Medispec LTD , C. R. Bard, Inc., Novamedtek, Karl Storz Gmbh, LUMENIS., COOK, Dornier, Medtech, Siemens AG, Storz Medical AG, Direx Group, Boston Scientific Corporation, Olympus, Medispec and Walz Elektronik among others.
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Market Definition: Global Lithotripsy Devices Market
Global Lithotripsy Devices market research analysis document intensely analyses the potential of the market with respect to existing scenario and the future prospects by considering all the market aspects of Healthcare industry. Not to mention, to do well and get success in this competitive market place, such business research report plays a very central role by offering important and consequential market insights for the business. With a full devotion and commitment, Lithotripsy Devices market research document has been presented with the best realistic service and recommendations which can be trusted confidently by businesses.
Lithotripsy is a technique of breaking the process of urolithiasis. Urolithiasis is the process stones formation in the kidney, bladder, and/or urethra. It can be mostly observed that the kidney stones cause blood in the urine and discomfort in the abdomen and flank, or in the groin that is the area between the abdomen and the upper thigh on either side of the body. The people suffer from kidney stones that occur in 1 in 20 people at some point of time. Lithotripsy procedure also uses shock wave to break up stones in the internal organ like kidney, bladder, or ureter. Subsequently in this procedure, the tiny pieces of stones pass out of the body with the help of urine.
Market Segmentation: Global Lithotripsy Devices Market
- The global lithotripsy devices market is segmented based on type, application, distribution channel and geographical segments.
- Based on type, the market is segmented into intracorporeal lithotripsy and extracorporeal shock wave lithotripsy. The intracorporeal lithotripsy segment is further segmented into mechanical lithotripsy, electrohydraulic lithotripsy (EHL), laser lithotripsy and ultrasonic lithotripsy.
- On the basis of application, the market is classified into kidney stone, pancreatic stones, ureteral stones and bile duct stone.
- On the basis of end users, the market is segmented into hospitals, ambulatory surgical centers, and other end users.
- Based on geography the market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
Key Developments in the Market: Global Lithotripsy Devices Market
- In May 2018, Dornier MedTech has launched world’s first smart lithotripter using big data with the device name Dornier Delta III SmartLitho, which will be offering an analytic algorithm to help urologists make treatment decisions. The device is accessible with the powerful imaging for improved stone visualization, maximized energy to treat more stones in more patients and enhanced efficiency for time saving features to serve more patients.
- In May 2015, Olympus that is expert in designing and delivering innovative solutions for medical and surgical procedures has launched new lithotripsy devices, expanding complete portfolio GLIDEWIRE that is a urologic guidewire, ShockPulse- SE that fragments and removes stones even more efficiently.
Key benefits of buying the Lithotripsy Devices Market Report:
This Lithotripsy Devices Market report will enable both of the sides in market be an established firm or a relative new entrant. It helps the established firms to know about the moves which are being performed by their competitors and also helps the new entrants by educating them about the market situations and the industry trends. This Lithotripsy Devices Market report is quite fruitful in helping to understand the market definition and all the aspects of the market including the CAGR value and key profiles.
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