As per DelveInsight Analysis, the Lithotripsy Devices market is anticipated to surge due to the increasing urolithiasis incidence, rising number of extracorporeal shock waves lithotripsy procedures, technological advancements in product development, increased risk of end-stage renal failure, rising awareness for the procedure, and the growing geriatric population.
According to the latest report published by DelveInsight “Lithotripsy Devices Market Insight” report, the global Lithotripsy Devices market is expected to witness significant growth owing to the rising number of patients suffering from urolithiasis, rising number of patients developing stones in different organs of the body, rising number of kidney cases, technological advancements pertaining to lithotripsy devices, growing geriatric population susceptible to urological disorders and the surge in adoption of lithotripsy devices. This report will provide an in-depth market understanding for Lithotripsy Devices, which will further benefit the competitors or stakeholders operating in the Lithotripsy Devices market.
Key Takeaways from the Lithotripsy Devices Market Report
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Lithotripsy Devices
Lithotripsy Devices are used in a Lithotripsy procedure that is a non-invasive surgery procedure that is used for the treatment of kidney stones that are large enough to pass through the urinary tract. Lithotripsy devices are generally used wherein shock waves or sharp ultrasonic energy waves are passed directly to the stones that can be located previously using fluoroscopy or ultrasound, which can further break the stones into the smaller pieces which pass via the urinary system. Lithotripsy allows persons with certain types of stones in the urinary system to avoid an invasive surgical procedure for stone removal.
Lithotripsy Devices Market Insights
Geographically, the global Lithotripsy Devices market is studied for North America, Europe, Asia-Pacific, and Rest of the World. In terms of revenue share North America currently leads the global Lithotripsy Devices market and is expected that it will remain constant during the forecast period. This domination is owing to the rising incidence of urinary tract disorders and diseases, surging adoption of lithotripsy among patients, growing prevalence of patients developing kidney stones, rising product launches contributing to the growth of the regional Lithotripsy Devices market growth. Moreover, the presence of key players in the region and supportive reimbursement programs further provide the immense growth opportunities for the Lithotripsy Devices market.
To know more why North America is leading the market growth in Lithotripsy Devices market, get a snapshot of the report Global Lithotripsy Devices Market Outlook
Lithotripsy Devices Market Dynamics
The Lithotripsy Devices Market has significantly increased owing to the rising prevalence of urolithiasis among the general population. Moreover, the growing burden of stones developing in different organs of the body leads to the growth in the demand for Lithotripsy procedures. In addition, the development of advanced technologies is evolving at a greater pace.
However, the outbreak of the COVID-19 pandemic caused a significant decrease in emergency department visits. Moreover, there was a delay in outpatient clinic appointments which pushed the need towards virtual or telephone clinics. Due to a lack of in-hospital beds, anaesthesia or procedural slots, and healthcare professionals, these changes created a significant backlog in the treatment, thereby creating a negative impact on the Global Lithotripsy Devices market.
However, certain factors like blood loss during internal bleeding and the adverse effects of postoperative complications may restrict the growth of the Global Lithotripsy Devices market.
Scope of the Lithotripsy Devices Market Report
DelveInsight Analysis: The Lithotripsy Devices market is expected to grow at a CAGR of 4.32% during the forecast period from 2021 to 2026 to reach USD 1.78 billion by 2026.
Table of Contents
1
Lithotripsy Devices Market Report Introduction
2
Lithotripsy Devices Market Executive summary
3
Regulatory and Patent Analysis
4
Lithotripsy Devices Market Key Factors Analysis
5
Porter’s Five Forces Analysis
6
COVID-19 Impact Analysis on Lithotripsy Devices Market
7
Lithotripsy Devices Market Layout
8
Lithotripsy Devices Global Company Share Analysis – Key 3-5 Companies
9
Lithotripsy Devices Market Company and Product Profiles
10
Project Approach
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About DelveInsight
DelveInsight is a leading Business Consultant and Market Research firm focused exclusively on life sciences. It supports Pharma companies by providing comprehensive end-to-end solutions to improve their performance.
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