The lithotripsy devices market size has grown strongly in recent years. It will grow from $1.25 billion in 2024 to $1.31 billion in 2025 at a compound annual growth rate (CAGR) of 5%. The growth in the historic period can be attributed to the introduction of extracorporeal shock wave lithotripsy (ESWL), clinical evidence and research, patient preference for non-invasive treatments, market penetration in healthcare facilities, regulatory approvals and standards, physician training and education.
The lithotripsy devices market size is expected to see strong growth in the next few years. It will grow to $1.63 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to the growing prevalence of urolithiasis, rising geriatric population, the shift towards minimally invasive procedures, the preference for outpatient treatments, and increasing adoption of sedation-free techniques. Major trends in the forecast period include adoption of disposable devices, collaborative multi-disciplinary care, remote monitoring and telemedicine integration, non-invasive alternatives, and expansion of home-based lithotripsy.
The increasing geriatric population worldwide is anticipated to boost the growth of the lithotripsy device market in the coming years. The geriatric demographic generally includes individuals aged 65 and older. The rising incidence of kidney stones and urolithiasis, particularly among this aging population, creates a demand for lithotripsy devices that facilitate minimally invasive procedures for kidney stone removal and urolithiasis treatment. For example, in October 2022, the World Health Organization, a Switzerland-based intergovernmental organization, projected that by 2030, one in six people globally would be 60 years old or older. During this timeframe, the population aged 60 and above is expected to grow from 1 billion in 2020 to 1.4 billion. Furthermore, by 2050, the global population of individuals aged 60 and older is predicted to double, reaching 2.1 billion. Consequently, the expanding geriatric population worldwide is driving the growth of the lithotripsy device market in the future.
The projected growth of the lithotripsy device market is expected to be driven by the increasing prevalence of kidney stones. Kidney stones, characterized by hard deposits of minerals and salts forming within the kidneys, prompt the demand for lithotripsy, a minimally invasive procedure designed to break down stones into smaller fragments for easier passage through the urinary tract. Notably, a study published in December 2022 by BMC Urology revealed a 21.1% prevalence of kidney stones in the population aged 40-70 years in southern Iran, with a higher incidence among men. Consequently, the rising occurrence of kidney stones serves as a catalyst for the prospective growth of the lithotripsy device market.
A significant trend influencing the lithotripsy device market is the adoption of technological advancements by major industry players. Leading companies within the market are actively investing in the development of advanced devices to maintain their competitive edge. An illustrative example is Cardiovascular Systems Inc., a US-based medical device manufacturer specializing in lithotripsy, which introduced intravascular lithotripsy technology in January 2022. This innovative technology is designed for treating coronary and peripheral artery diseases, allowing Cardiovascular Systems Inc. to provide products addressing a wide spectrum of calcific coronary lesions. The integration of such advanced technologies reflects a key trend shaping the landscape of the lithotripsy device market.
Prominent enterprises in the lithotripsy device market are strategically focusing on product advancements, exemplified by the introduction of innovations such as the peripheral intravascular lithotripsy (IVL) catheter. This specialized medical device is designed to streamline the treatment duration of IVL, particularly in addressing blockages within the arteries of the legs and feet. A notable illustration is the initiative undertaken by Shockwave Medical, Inc., a US-based provider of medical devices for atherosclerotic cardiovascular disease treatment. In March 2022, Shockwave Medical unveiled the Shockwave M5+ peripheral IVL catheter, having secured both CE Mark and USFDA clearance. This cutting-edge peripheral catheter introduces significant enhancements, facilitating efficient and effective treatment, even for challenging cases that were previously deemed difficult to address with IVL.
In September 2022, Advanced MedTech Solutions, a Singapore-based medical device and technology manufacturer, successfully acquired Wikkon for an undisclosed sum. This strategic acquisition positions Advanced MedTech Solutions to gain entry into the urology market in China, securing access to Wikkon's China-based device platform, a local sales force, and a medical device manufacturing strategy. Wikkon, a China-based innovative manufacturer specializing in lithotripsy and urology devices, brings valuable capabilities and assets to Advanced MedTech Solutions through this acquisition.
Major companies operating in the lithotripsy devices market include Siemens AG, Becton Dickinson and Company, Boston Scientific Corporation, Cook Medical LLC, Shockwave Medical Inc., Lumenis Ltd., EDAP TMS S.A., Dornier MedTech GmbH, Electro Medical Systems S.A., Allengers Medical Systems Limited, DirexGroup, Medispec Ltd., Elmed Medical Systems Ltd., Convergent Laser Technologies, MTS Medical, NOVAmedtek LLC, EMD Medical Technologies, NIDHI Meditech Systems (NMS), Olympus Scientific Solutions Americas Corporation, Richard Wolf India Private Ltd., Karl Storz SE & Co. KG, Technomed Systems Private Limited, Shenzhen Wikkon Medical Apparatus Co. Ltd., Inceler Medikal Ltd. Sti, Cliniva Healthcare.
North America was the largest region in the lithotripsy devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the lithotripsy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the lithotripsy devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Lithotripsy devices are specialized medical instruments designed for the lithotripsy procedure, employing shock waves to target and disintegrate solid deposits within the body, commonly found in the kidneys, gallbladder, or urinary tract.
The primary categories of lithotripsy devices encompass extracorporeal shock wave lithotripsy (ESWL) devices, intracorporeal lithotripsy devices, laser lithotripsy devices, electrohydraulic lithotripsy devices, ultrasonic lithotripsy devices, and mechanical lithotripsy devices. ESWL devices, for instance, utilize shock waves generated externally to break down kidney stones and find applications in various medical scenarios such as kidney stones, ureteral stones, pancreatic stones, and bile duct stones. These advanced medical tools cater to diverse end-users, including hospitals, ambulatory surgical centers, and other healthcare facilities, reflecting their versatility and efficacy in addressing stone-related medical conditions.
The lithotripsy devices research report is one of a series of new reports that provides lithotripsy devices market statistics, including the lithotripsy devices industry's global market size, regional shares, competitors with a lithotripsy devices market share, detailed lithotripsy devices market segments, market trends and opportunities, and any further data you may need to thrive in the lithotripsy devices industry. This lithotripsy devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The lithotripsy device market consists of sales of dual-energy lithotripsy devices and robotic lithotripsy devices. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The lithotripsy devices market size is expected to see strong growth in the next few years. It will grow to $1.63 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to the growing prevalence of urolithiasis, rising geriatric population, the shift towards minimally invasive procedures, the preference for outpatient treatments, and increasing adoption of sedation-free techniques. Major trends in the forecast period include adoption of disposable devices, collaborative multi-disciplinary care, remote monitoring and telemedicine integration, non-invasive alternatives, and expansion of home-based lithotripsy.
The increasing geriatric population worldwide is anticipated to boost the growth of the lithotripsy device market in the coming years. The geriatric demographic generally includes individuals aged 65 and older. The rising incidence of kidney stones and urolithiasis, particularly among this aging population, creates a demand for lithotripsy devices that facilitate minimally invasive procedures for kidney stone removal and urolithiasis treatment. For example, in October 2022, the World Health Organization, a Switzerland-based intergovernmental organization, projected that by 2030, one in six people globally would be 60 years old or older. During this timeframe, the population aged 60 and above is expected to grow from 1 billion in 2020 to 1.4 billion. Furthermore, by 2050, the global population of individuals aged 60 and older is predicted to double, reaching 2.1 billion. Consequently, the expanding geriatric population worldwide is driving the growth of the lithotripsy device market in the future.
The projected growth of the lithotripsy device market is expected to be driven by the increasing prevalence of kidney stones. Kidney stones, characterized by hard deposits of minerals and salts forming within the kidneys, prompt the demand for lithotripsy, a minimally invasive procedure designed to break down stones into smaller fragments for easier passage through the urinary tract. Notably, a study published in December 2022 by BMC Urology revealed a 21.1% prevalence of kidney stones in the population aged 40-70 years in southern Iran, with a higher incidence among men. Consequently, the rising occurrence of kidney stones serves as a catalyst for the prospective growth of the lithotripsy device market.
A significant trend influencing the lithotripsy device market is the adoption of technological advancements by major industry players. Leading companies within the market are actively investing in the development of advanced devices to maintain their competitive edge. An illustrative example is Cardiovascular Systems Inc., a US-based medical device manufacturer specializing in lithotripsy, which introduced intravascular lithotripsy technology in January 2022. This innovative technology is designed for treating coronary and peripheral artery diseases, allowing Cardiovascular Systems Inc. to provide products addressing a wide spectrum of calcific coronary lesions. The integration of such advanced technologies reflects a key trend shaping the landscape of the lithotripsy device market.
Prominent enterprises in the lithotripsy device market are strategically focusing on product advancements, exemplified by the introduction of innovations such as the peripheral intravascular lithotripsy (IVL) catheter. This specialized medical device is designed to streamline the treatment duration of IVL, particularly in addressing blockages within the arteries of the legs and feet. A notable illustration is the initiative undertaken by Shockwave Medical, Inc., a US-based provider of medical devices for atherosclerotic cardiovascular disease treatment. In March 2022, Shockwave Medical unveiled the Shockwave M5+ peripheral IVL catheter, having secured both CE Mark and USFDA clearance. This cutting-edge peripheral catheter introduces significant enhancements, facilitating efficient and effective treatment, even for challenging cases that were previously deemed difficult to address with IVL.
In September 2022, Advanced MedTech Solutions, a Singapore-based medical device and technology manufacturer, successfully acquired Wikkon for an undisclosed sum. This strategic acquisition positions Advanced MedTech Solutions to gain entry into the urology market in China, securing access to Wikkon's China-based device platform, a local sales force, and a medical device manufacturing strategy. Wikkon, a China-based innovative manufacturer specializing in lithotripsy and urology devices, brings valuable capabilities and assets to Advanced MedTech Solutions through this acquisition.
Major companies operating in the lithotripsy devices market include Siemens AG, Becton Dickinson and Company, Boston Scientific Corporation, Cook Medical LLC, Shockwave Medical Inc., Lumenis Ltd., EDAP TMS S.A., Dornier MedTech GmbH, Electro Medical Systems S.A., Allengers Medical Systems Limited, DirexGroup, Medispec Ltd., Elmed Medical Systems Ltd., Convergent Laser Technologies, MTS Medical, NOVAmedtek LLC, EMD Medical Technologies, NIDHI Meditech Systems (NMS), Olympus Scientific Solutions Americas Corporation, Richard Wolf India Private Ltd., Karl Storz SE & Co. KG, Technomed Systems Private Limited, Shenzhen Wikkon Medical Apparatus Co. Ltd., Inceler Medikal Ltd. Sti, Cliniva Healthcare.
North America was the largest region in the lithotripsy devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the lithotripsy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the lithotripsy devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Lithotripsy devices are specialized medical instruments designed for the lithotripsy procedure, employing shock waves to target and disintegrate solid deposits within the body, commonly found in the kidneys, gallbladder, or urinary tract.
The primary categories of lithotripsy devices encompass extracorporeal shock wave lithotripsy (ESWL) devices, intracorporeal lithotripsy devices, laser lithotripsy devices, electrohydraulic lithotripsy devices, ultrasonic lithotripsy devices, and mechanical lithotripsy devices. ESWL devices, for instance, utilize shock waves generated externally to break down kidney stones and find applications in various medical scenarios such as kidney stones, ureteral stones, pancreatic stones, and bile duct stones. These advanced medical tools cater to diverse end-users, including hospitals, ambulatory surgical centers, and other healthcare facilities, reflecting their versatility and efficacy in addressing stone-related medical conditions.
The lithotripsy devices research report is one of a series of new reports that provides lithotripsy devices market statistics, including the lithotripsy devices industry's global market size, regional shares, competitors with a lithotripsy devices market share, detailed lithotripsy devices market segments, market trends and opportunities, and any further data you may need to thrive in the lithotripsy devices industry. This lithotripsy devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The lithotripsy device market consists of sales of dual-energy lithotripsy devices and robotic lithotripsy devices. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Lithotripsy Devices Market Characteristics3. Lithotripsy Devices Market Trends and Strategies4. Lithotripsy Devices Market - Macro Economic Scenario including the impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Lithotripsy Devices Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Lithotripsy Devices Market34. Recent Developments in the Lithotripsy Devices Market
5. Global Lithotripsy Devices Growth Analysis and Strategic Analysis Framework
6. Lithotripsy Devices Market Segmentation
7. Lithotripsy Devices Market Regional and Country Analysis
8. Asia-Pacific Lithotripsy Devices Market
9. China Lithotripsy Devices Market
10. India Lithotripsy Devices Market
11. Japan Lithotripsy Devices Market
12. Australia Lithotripsy Devices Market
13. Indonesia Lithotripsy Devices Market
14. South Korea Lithotripsy Devices Market
15. Western Europe Lithotripsy Devices Market
16. UK Lithotripsy Devices Market
17. Germany Lithotripsy Devices Market
18. France Lithotripsy Devices Market
19. Italy Lithotripsy Devices Market
20. Spain Lithotripsy Devices Market
21. Eastern Europe Lithotripsy Devices Market
22. Russia Lithotripsy Devices Market
23. North America Lithotripsy Devices Market
24. USA Lithotripsy Devices Market
25. Canada Lithotripsy Devices Market
26. South America Lithotripsy Devices Market
27. Brazil Lithotripsy Devices Market
28. Middle East Lithotripsy Devices Market
29. Africa Lithotripsy Devices Market
30. Lithotripsy Devices Market Competitive Landscape and Company Profiles
31. Lithotripsy Devices Market Other Major and Innovative Companies
35. Lithotripsy Devices Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Lithotripsy Devices Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on lithotripsy devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for lithotripsy devices? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The lithotripsy devices market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Extracorporeal Shock Wave Lithotripsy Devices; Intracorporeal Lithotripsy Devices; Laser Lithotripsy Devices; Electrohydraulic Lithotripsy Devices; Ultrasonic Lithotripsy Devices; Mechanical Lithotripsy Devices2) By Applications: Kidney Stones; Ureteral Stones; Pancreatic Stones; Bile Duct Stones
3) By End-User: Hospitals; Ambulatory Surgical Centers; Other End Users
Subsegments:
1) By Extracorporeal Shock Wave Lithotripsy Devices: High-Energy Shock Wave Devices; Low-Energy Shock Wave Devices2) By Intracorporeal Lithotripsy Devices: Ultrasound Lithotripsy Devices; Electrohydraulic Lithotripsy Devices
3) By Laser Lithotripsy Devices: Holmium Laser Devices; Neodymium-YAG Laser Devices
4) By Electrohydraulic Lithotripsy Devices: Pneumatic Devices; Hydraulic Devices
5) By Ultrasonic Lithotripsy Devices: Ultrasonic Fragmentation Devices
6) By Mechanical Lithotripsy Devices: Grasping Devices; Crushing Devices
Key Companies Mentioned: Siemens AG; Becton Dickinson and Company; Boston Scientific Corporation; Cook Medical LLC; Shockwave Medical Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Siemens AG
- Becton Dickinson and Company
- Boston Scientific Corporation
- Cook Medical LLC
- Shockwave Medical Inc.
- Lumenis Ltd.
- EDAP TMS S.A.
- Dornier MedTech GmbH
- Electro Medical Systems S.A.
- Allengers Medical Systems Limited
- DirexGroup
- Medispec Ltd.
- Elmed Medical Systems Ltd.
- Convergent Laser Technologies
- MTS Medical
- NOVAmedtek LLC
- EMD Medical Technologies
- NIDHI Meditech Systems (NMS)
- Olympus Scientific Solutions Americas Corporation
- Richard Wolf India Private Ltd.
- Karl Storz SE & Co. KG
- Technomed Systems Private Limited
- Shenzhen Wikkon Medical Apparatus Co. Ltd.
- Inceler Medikal Ltd. Sti
- Cliniva Healthcare.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 1.31 Billion |
| Forecasted Market Value ( USD | $ 1.63 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
