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Medical Laser Lithotripsy Device Market Provides in-depth analysis of the Industry, with Current Trends and Future Estimations to Elucidate the Investment Pockets

By Healthcare Market Report 2 years ago
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Medical Laser Lithotripsy Device Market: Introduction

A medical equipment called lithotripsy is used to treat kidney stones. A painful condition is a kidney stone. A high energy shock fragment is used in lithotripsy to break up kidney stones. Extracorporeal shock wave lithotripsy is a non-surgical method for treating kidney and ureter stone. Its powerful shock waves go through the body to shatter the stone into tiny patterns and sand grains so that urine can pass through it.

In order to help investors interested in this market, the Medical Laser Lithotripsy Device Market report offers data and statistics about the current state of the business. The market for laser lithotripsy devices is expanding more quickly than in previous years, and it is anticipated that the market will expand significantly from 2020 to 2030. The key factor influencing the growth of the lithotripsy devices market is the increasing geriatric population seen around the world.

Medical Laser Lithotripsy Device Market: Overview

Medical Laser Lithotripsy Device market was valued at USD 1.67 billion in 2021, and it is expected to reach USD 2.03 billion by 2027, registering a CAGR of 5.5% during the forecast period 2022-2027.

Due to important driving factors such the rising prevalence of urolithiasis, rising pollution, increased awareness of lithotripsy treatment, and others, the market for lithotripsy devices is anticipated to expand during the forecast period. It is anticipated that the market will have development prospects due to the growing elderly population. The increased incidence of kidney or urinary tract disease is what is fueling the expansion of the global market for laser lithotripsy equipment. The need for laser lithotripsy devices has increased as the global geriatric population has grown, as older people are more likely to have renal disorders. One of the key factors supporting the expansion of the global market for laser lithotripsy devices is the devices’ technological advancement. The lucrative markets that the makers of these devices can seize are those in developing nations like China and India.

Medical Laser Lithotripsy Device Market: Growth Drivers

  • The important factor propelling the market for lithotripsy devices is the worldwide increase in the elderly population.
  • The market’s overall expansion is supported by rising investments in the creation of cutting-edge technology as well as elements like favourable government regulations surrounding diagnostic tests like X-rays and urine microscopy tests.
  • The main factors influencing the demand for lithotripsy devices are an increase in the prevalence of urolithiasis, a prevalent urologic condition that places a heavy cost on the healthcare system globally and carries a risk of end-stage renal failure.

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Medical Laser Lithotripsy Device Market: Segmentation

key players:

  • EMS Electro Medical Systems
  • Dornier MedTech
  • Lumenis
  • Boston Scientific
  • Olympus
  • Quanta System
  • Cook Medical
  • Karl Storz
  • Trimedyne
  • OmniGuide
  • DirexGroup
  • URO INC
  • Elmed Medical Systems

By Type:

  • Intelligent Identification System
  • Lithotripsy Device
  • By Application:
  • Hospitals
  • Ambulatory Surgical Centers
  • Other

By Regions:

  • North America
  • Europe
  • China
  • Japan
  • Middle East and Africa
  • South America
  • India
  • South Korea
  • Southeast Asia
  • Others

COVID-19 Impact:

Due to the necessity for anesthesiologists to treat patients who were infected with COVID-19 and the consequent cancellation of elective surgery, the COVID-19 pandemic has had a significant negative impact on the market for lithotripsy equipment. It was necessary to minimise the number of beds utilised for urological patients so that there would be enough beds and staff for the new COVID-19 wards. Additionally, it was important to avoid contaminating the facility and infecting elective patients. The majority of the remaining urological medical team, which is most significant from a urological standpoint, completely devoted themselves to managing the infected patients on the newly established COVID-19 unit. Therefore, the declining number of elective procedures and the expanding COVID-19 patient pool had an influence on the market in 2020.

FAQs:

  • What is the driving factor for the growth of the Medical Laser Lithotripsy Device Market?
  • How will the COVID-19 pandemic impact the demand and consumption of this Market?
  • What is the major application area of this Market?
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  • Which geographical location is dominant in this Market?
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