Question 1

What are Lithotripsy Devices?

Accepted Answer

Lithotripsy devices are medical devices that involve the administration of a series of shock waves to the stones. The shock waves are generated by a machine called a lithotripter, which is focused by x-ray onto the kidney stone.

Question 2

What is the market for Lithotripsy Devices?

Accepted Answer

The Lithotripsy devices market was valued at USD 1.39 billion in 2023, growing at a CAGR of 4.32% during the forecast period from 2024 to 2030 to reach USD 1.78 billion by 2030.

Question 3

What are the drivers for the Lithotripsy Devices market?

Accepted Answer

The lithotripsy devices market is growing significantly due to the rising prevalence of urolithiasis, technological advancements in product development, increased risk of end-stage renal failure, and rising awareness for the procedure is expected to escalate the demand for lithotripsy devices during the forecast period from 2024 to 2030.

Question 4

Who are the key players operating in the Lithotripsy Devices market?

Accepted Answer

Some of the key market players operating in the Lithotripsy devices market include Boston Scientific Corporation, Walz Elektronik GmbH, Lumenis, DirexGroup, Medispec Ltd, Richard Wolf GmbH, Technomed Medical Systems, ELMED™ USA Medical Systems, SODY Medical Equipment Co. Ltd, NOVAMEDTEK, STORZ MEDICAL AG, Allengers, Dornier MedTech GmbH, MTS Medical UG, Electro Medical Systems (EMS), Apex-MediTech, Siemens Medical Solutions USA, Inc, Olympus Corporation, Shockwave Medical Inc, EDAP TMS, and others.

Question 5

Which region has the highest share in the Lithotripsy Devices market?

Accepted Answer

Among all the regions, North America is estimated to hold a significant revenue share in the Lithotripsy devices market. This is due to the growing prevalence of urolithiasis and the rising burden of end-stage renal disease underscoring the increasing demand for effective management solutions, Enhanced by technological advancements, regulatory approvals, and significant market presence of leading companies, continued investment in healthcare infrastructure and innovative product development is expected to drive the market for lithotripsy devices during the forecast period from 2024 to 2030.