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HEALTHCARE & PHARMACEUTICAL

Extracorporeal Shock Wave Lithotripsy (ESWL) Market Segmentation by Type (B-Ultrasound ESWL, and X-Ray ESWL); by Application (Kidney Stones, Biliary Calculi, Salivary Stones, Pancreatic Stones, and Others); and by End User (Hospitals, Clinics, Radiology Labs, and Others) – Global Demand Analysis & Opportunity Outlook 2031

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IN THE NEWS

  • June 2021- Storz Medical received clearance from the U.S. Food and Drug Administration (FDA) for MODULITH SLX-F2 extracorporeal shock wave lithotripter. With this device, children over the age of three years suffering of stone disease can now be treated non-invasively.

  • August 2020- Dornier MedTech launched UroX, which is a community that connects professionals from various disciplines to cultivate innovative solutions and solve complex challenges in urology.

Global Extracorporeal Shock Wave Lithotripsy (ESWL) Market Highlights Over 2022 - 2031

The global extracorporeal shock wave lithotripsy (ESWL) market is estimated to garner a substantial revenue by growing at a robust CAGR over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed primarily to the advantages of ESWL, such as reduced pain, minimal invasiveness, and quicker recovery time. Along with these, increasing number of incidences of reporting of kidney stones in patients, coupled with growing prevalence of lifestyle associated conditions and obesity are also expected to drive market growth in the forthcoming years. According to the World Health Organization (WHO), as of December June 2021, obesity reached epidemic proportions worldwide, with at least 2.8 million people dying each year as a result of being overweight or obese. Furthermore, escalating advancements in the healthcare infrastructure across the globe, and rising investments by pharmaceutical companies to develop sophisticated medical instruments are projected to offer lucrative opportunities to the market in the near future. In 2018, the global health spending reached a value of more than USD 1,000, which is evaluated to increase up to USD 2,000 by the end of the year 2050.

Extracorporeal Shock Wave Lithotripsy (ESWL) Market

The market is segmented by application into kidney stones, biliary calculi, salivary stones, pancreatic stones, and others, out of which, the kidney stones segment is anticipated to hold the largest share in the global extracorporeal shock wave lithotripsy (ESWL) market. This can be accounted to the high usage of ESWL for breaking kidney stones into small pieces that can easily travel through the urinary tract and pass from the body. Apart from this, shock waves lithotripsy also helps in reducing symptoms (such as pain) and allows people to pass the kidney stones on their own, which is also assessed to boost the market segment growth in the future. Additionally, on the basis of end user, the hospitals segment is predicted to occupy the largest share over the forecast period, which can be credited to the presence of advanced equipment in a hospital facility that can reduce complications significantly. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Healthcare Expenditure per Capita, (USD), 2015-2018

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global Extracorporeal Shock Wave Lithotripsy (ESWL) Market Regional Synopsis

Regionally, the global extracorporeal shock wave lithotripsy (ESWL) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the improvements in healthcare facilities, and rapid shift in the lifestyle patterns of the population. Moreover, the market in North America is projected to acquire the largest share during the forecast period owing to the presence of large number of diabetic and obese patients prone to development of kidney stones. According to the American Diabetes Association, 37.3 million Americans in 2019 were suffering from diabetes, with about 1.9 million people experiencing type 1 diabetes, including about 244,000 children. In addition, strong footprint of market players is also expected to drive the growth of the market in the region.

Extracorporeal Shock Wave Lithotripsy (ESWL) Market Share

The global extracorporeal shock wave lithotripsy (ESWL) market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global extracorporeal shock wave lithotripsy (ESWL) market includes the following segments:

By Type

  • B-Ultrasound ESWL
  • X-Ray ESWL

By Application

  • Kidney Stones
  • Biliary Calculi
  • Salivary Stones
  • Pancreatic Stones
  • Others

By End User

  • Hospitals
  • Clinics
  • Radiology Labs
  • Others

Growth Drivers

  • Increasing Number of Incidences of Reporting of Kidney Stones in Patients
  • Growing Prevalence of Lifestyle Associated Conditions and Obesity

Challenges

  • Failure to Crush Large Kidney Stones Through ESWL

Top Featured Companies Dominating the Market

  • Siemens AG
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Boston Scientific Corporation
  • C.R. Bard Inc.
  • Cook Group Inc.
  • Medtrue Enterprise Co. Ltd.
  • Jiangsu Sainty Handsome Co., Ltd.
  • Lumenis LTD
  • Olympus Corporation
  • Dornier MedTech GmbH
  • Karl Storz Gmbh and Co. KG

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