Intravascular Lithotripsy Market Size

  • Report ID: 5366
  • Published Date: Nov 03, 2023
  • Report Format: PDF, PPT

Intravascular Lithotripsy Market Size

Intravascular Lithotripsy Market size is predicted to reach USD 155 billion by the end of 2036, expanding around 12% CAGR during the forecast period i.e., 2024-2036. In the year 2023, the industry size of intravascular lithotripsy was over USD 2 billion. The growth of this market can be attributed on the account of growing prevalence of cardiovascular diseases all across the globe. Cardiovascular diseases, such as coronary heart disease and peripheral artery disease, are increasing worldwide due to unhealthy lifestyles, changes in dietary habits and aging populations. This has increased the need for effective treatments and minimally invasive procedures such as angioplasty or stenting, thus raising the demand for intravascular lithotripsy. According to WHO, cardiovascular disease is the leading cause of death worldwide, with about 17.9 million deaths each year.

Furthermore, the escalating existence of complexities associated with kidney stones is the main factor driving the market expansion of intravascular lithotripsy. Besides, the growing adoption of intravascular lithotripsy in order to treat patients with coronary artery disease and constant ongoing research and development in intravascular lithotripsy further is positively influencing the market growth in the projected time frame. 

Intravascular Lithotripsy Market
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Author Credits:  Radhika Pawar

  • Report ID: 5366
  • Published Date: Nov 03, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing prevalence of cardiovascular disease and increasing research and development in intravascular lithotripsy are some of the major factors anticipated to drive the growth of the intravascular lithotripsy market.

The market is anticipated to attain a CAGR of ~12% over the forecast period, i.e., 2024-2036.

The major players in the market are of Abbott Laboratories, Siemens AG, Olympus America, Boston Scientific, Medispec Ltd, Dornier MedTech GmbH, Elmed Electronics & Medical Industry & Trade Inc., and others.

The hospital segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in North America is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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