What is Lithotripters Market Scope?
A lithotripter is defined as the non-invasive device that is used for removing kidney stones without surgery. The lithotripter provides a non-chirurgical method of spraying stones into small enough bits to travel naturally in the urine of the person. Patients who once had to undergo extensive surgery to remove their stones could be treated with lithotripsy and would not even need an incision. Some of the symptoms are bleeding disorder, abdominal pain, urinary tract infection, damaged kidney infection, and others. Demand for lithotripter has increased, due to the increase in the prevalence of kidney stones. For instance, according to The National Center for Biotechnology Information (NCBI), In the United States, the prevalence of kidney stones has risen from 1 in 20 to 1 in 11 since 1994. Hence, rising number of kidney stones patients across the world is likely to be the prime driver for market growth
The Lithotripters market study is being classified by Type (Extracorporeal Shock Wave Lithotripsy, Flexible Ureteroscopy and Lasertripsy and Others), by Application (Hospital, Specialty Clinics and Others) and major geographies with country level break-up.
The global lithotripters market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Analysts at AMA predicts that Players from United States and China will contribute to the maximum growth of Global Lithotripters market throughout the predicted period.
Boston Scientific Corporation (United States), Dornier MedTech (Germany), Siemens Healthineers AG (Germany), STORZ Medical (Switzerland), Allengers Medical Systems (India), Aymed Medikal Teknoloji (Turkey), Convergent Laser Technologies (United States), Cook Medical Incorporated (United States), Elmed Electronics & Medical Industry & Trade (United States) and EMD Medical Technologies (Turkey) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are GEMMS (United States), Gyrus Acmi (United States), Jena Med Tech (Germany), Medispec (I) LTD (India), NOVAmedtek (Turkey), Shenzhen Huikang (Wikkon) Medical Apparatus (China) and Shenzhen Hyde Medical Equipment (China).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Lithotripters market by Type, Application and Region.
On the basis of geography, the market of Lithotripters has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
According to Government of Singapore, “these guideline serve as a guide to the management of medical clinics and private hospital approved by the Ministry of Health to provide lithotripsy, a special care services list under the Third Schedule of the private Hospitals and Medical Clinics Regulation, on the provision of lithotripsy for the treatment of renal stones”.
Influencing Market Trend
- Technology Advancement regarding Lithotripters
Market Drivers
- Increasing Number of Kidney Stones Patients and Increasing Awareness
- Rising Disposal Income among Middle-Class Families
Opportunities
- Growing Demand from Emerging Economics such as China, India, among others
- Government Initiative regarding Lithotripters
Restraints
- Issue related to Blood in the Urine and repeated Lithotripsy Procedure may be needed
Challenges
- Lithotripsy is not preferred for Pregnant Women and Bleeding Problem Patients
Key Target Audience
Lithotripters Manufacturers, Industry Association, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
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