According to Fact MR’s recent market research, sales of Lithotripsy Devices to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges. Focus on improving overall patient care will remain a chief growth driver. Besides this, Lithotripsy Devices market will continue gaining from increasing willingness among patients and families to spend on advanced healthcare.
The lithotripsy devices market is anticipated to surpass US$ 2 Bn by 2031- trailing at a CAGR of over 5%. The market is largely driven by the increased prevalence of urolithiasis, an increase in the number of extracorporeal shock waves lithotripsy operations, technical developments, and rising awareness.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Lithotripsy Devices market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Lithotripsy Devices The report offers actionable and valuable market insights of Lithotripsy Devices. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Lithotripsy Devices Market across various industries and regions.
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Market Segmentation
- Product Type
- Extracorporeal Shock Wave Lithotripsy Devices
- Intracorporeal Lithotripsy Devices
- Laser Lithotripsy Devices
- Electrohydraulic Lithotripsy Devices
- Ultrasonic Lithotripsy Devices
- Mechanical Lithotripsy Devices
- Application
- Lithotripsy Devices for Kidney Stones
- Lithotripsy Devices for Ureteral Stones
- Lithotripsy Devices for Pancreatic Stones
- Lithotripsy Devices for Bile Duct Stones
- End User
- Lithotripsy Devices for Hospitals
- Lithotripsy Devices for Ambulatory Surgical Centers
- Lithotripsy Devices for Other End User
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Competitive Landscape
The lithotripsy device market has been shown to be competitive. EDAP TMS, Boston Scientific Corporation, Olympus Corporation, Accuron, and DirexGroup are among the main industry participants in lithotripsy devices. Certain strategic efforts, such as mergers, new product launches, acquisitions, and collaborations, are being implemented by the corporations to assist them enhance their market positions. In addition, businesses are concentrating on expanding the applications of lithotripsy devices in order to improve their positions during the forecast period.
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Key Takeaways from the Market Study
- Extracorporeal shock wave lithotripsy (ESWL) likely to generate 2 out of 5 sales
- Hospitals remain primary lithotripsy devices end users, generating 50% revenue
- Specialized clinics sales to expand at approximately 5% CAGR until 2031
- By application, treatment for kidney stones to remain dominant, yielding over 2/5th of the revenue
- U.S to emerge as an opportunistic market, expanding at a CAGR of 5%
- Around 3 out of 10 lithotripsy device sales are poised to occur in the U.K
- Asia to emerge as a highly lucrative growth regions, with India, Japan and China at the forefront
“The market is being driven by the rising prevalence of urolithiasis, an increase in the number of extracorporeal shock waves lithotripsy operations, technical developments, and increased awareness” – says the Fact.MR analyst.
For More Insight- https://www.factmr.com/article/124/latest-trends-in-the-healthcare-industry-how-has-it-transformed-businesses
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