Rising Kidney Stones To Boost Extracorporeal Shock Wave Lithotripsy Market Growth

 

Extracorporeal Shock Wave Lithotripsy Market



Extracorporeal Shock Wave Lithotripsy Market by Technology (Electromagnetic, Electrohydraulic, and Piezoelectric), Application (Kidney Stone, Pancreatic Stone, and Other Applications), End-User (Hospital, Clinic, and Other End-Users), by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 – 2030

The Global Extracorporeal Shock Wave Lithotripsy Market Is Estimated To Be Valued At US$ 340.09 Million In 2023 And Is Expected To Exhibit A CAGR Of 6.32 % Over The Forecast Period, As Highlighted In A New Report Published By Coherent Market Insights.

Market Overview:

Extracorporeal Shock Wave Lithotripsy is a non-operational therapy for renal stones which can be conducted in the clinics, ambulatory center or mobile unit. The method utilizes shock waves to divide into stone pieces which cannot flow with urine. Extracorporeal Shock Wave Lithotripsy is efficient for many individuals, however a small percent of stones may not be dissolved ample with shock wave treatment and require other therapy. In these conditions, lithotripsy will be utilized further to break up the stone pieces.

Competitive Landscape:

Key players involved in the growth of the global Extracorporeal Shock Wave Lithotripsy Market are Olympus, Cook Medical, Richard-Wolf., Dornier MedTech and MTS Medical.

Market Key Drivers:

Increasing prevalence of kidney and ureter stones and rising minimally invasive procedures is expected to boost the growth of the global Extracorporeal Shock Wave Lithotripsy Market. For instance, as per a study published in October 2021, around 5% of women and 12% of men are suffering from kidney stones at some or the other point of life.

Rising product launches, mergers and acquisitions are anticipated to drive the growth of the global Extracorporeal Shock Wave Lithotripsy Market. For instance, in February 2023 ESWL was launched at BHR University Hospitals in the UK and in September 2021, Boston Scientific entered an acquisition with Lumenis LTD to create energy-based medical approaches for urology and otolaryngology treatments.

Covid-19 Impact Analysis:

The Covid-19 outbreak has adversely affected the growth of the global Extracorporeal Shock Wave Lithotripsy Market due to the surge in pandemic. The rising cases has shifted the focus of physicians and the anesthetists towards curing the Covid-19 patients. Lack of providers, postponement in the treatments and delay in appointments impeded the market growth.

Key Takeaways:

The global Extracorporeal Shock Wave Lithotripsy Market is anticipated to exhibit a CAGR of 6.32 % during the forecast period owing to the rising prevalence of kidney stones, diabetes, obesity and metabolic disorders. For instance, as per the International Federation of Diabetics 2021, diabetes is a significant threat factor for kidney stones, and it affected around 463 million people aged amid 20 to 79 years across the globe in 2020. 

Among regions, North America, Europe and Asia Pacific are expected to witness robust growth in global Extracorporeal Shock Wave Lithotripsy Market due to rising prevalence of diabetes, metabolic disorders, kidney stones, diabetes, increasing launches and approvals. For instance, as per the research article published in the NLM, kidney stones affected around 600,000 in 2021 in U.S. 

Comments

Post a Comment

Popular posts from this blog

Ginseng Market Outlook, Analysis and forecast up to 2028

Image
  Ginseng Market Ginseng is a slow-growing perennial plant with green oval-shaped leaves and meaty roots that can persist for more than a century. Ginseng is classified into two types: American ginseng and Asian ginseng. Panax quinquefolius is the scientific name for American ginseng, whereas Panax ginseng is the scientific name for Asian ginseng. Ginseng is widely used as a herb to increase the body's energy levels. Ginseng's antioxidant and anti-inflammatory qualities serve to enhance the immune system, lowering the risk of viral and microbial infections. Ginseng also helps to lower the risk of diseases such as lung cancer, skin cancer, and liver cancer. Other health advantages of ginseng include lower blood sugar levels and improved cognitive functions such as memory and conduct. Ginseng is mostly grown in the United States, Canada, and South Korea. Ginseng has been used as a herbal medicine in China for generations, and the country is one of its largest users. Asia Pacifi
Read more

Forging has significant application in creation of various metal for wide range of applications

Image
Forging refers to any process that produces metal from scratch by subjecting it to an external force. Metal forgers can be persons or machines. This techniques may involve grinding (for example, to produce alloyed steel) or may involve the application of pressure to apply heat to the metal piece until it is malleable. The actual process depends on various factors, including the material being forged, its shape, and the degree of stress that is placed on it. Forged grain is the product of Forging with grains of metals pushed against each other through a forge-like tool and into the cladding that forms the final shape of the metal after it has been done. It is the principal production process in most metals. It uses local or repetitive thrusts delivered by a hammer or die to apply mechanical blows to the metal piece until it becomes malleable. It is frequently classified according to the speed at which it's done: fast, cold, or hot. There are many types of forgers available today
Read more

The Vaccine Contract Manufacturing Industry to Flourish Due to Urgent Need to Develop Reliable and Cost-Effective Vaccines against Covid-19

Image
Germany Vaccine Contract Manufacturing industry is expected to witness significant growth in the near future, due to emergence of Covid-19. In Germany, from 3 January 2020 to 4:06pm CEST, 18 August 2021, there have been 3,835,375 confirmed cases of COVID-19 with 91,921 deaths, reported to WHO. As of 15 August 2021, a total of 97,884,043 vaccine doses have been administered. The increasing demand for safe and cost-effective vaccines due to unmatchable quality, consistent delivery, and unparalleled security, have contributed to the increasing growth and scope of this industry. The increasing demand for vaccines and resulting profit potential have led to significant growth in the number of contract manufacturing plants located across the world. A major focus of such plants is developing cost effective, high quality vaccines that could be made available to public health organizations and other medical organizations. Several new and innovative technologies are also being developed to man
Read more