Extracorporeal Shock Wave Lithotripsy Market Growth Accelerated by Rising Prevalence of Kidney Stones Disease

 

Extracorporeal Shock Wave Lithotripsy Market

Extracorporeal shock wave lithotripsy (ESWL) is a non-invasive medical procedure used to treat kidney stones and other types of calculi (stones formed from minerals or calcium salts) located in the kidney, ureter, or bile ducts. Kidney stones form when there is a decrease in urine volume or an excess of stone-forming substances in the urine, allowing minerals to crystallize and gather in the kidneys or urinary tract. The global extracorporeal shock wave lithotripsy market is estimated to be valued at US$ 443 Mn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

 

Market Dynamics:

Growing prevalence of kidney stones is expected to drive the global extracorporeal shock wave lithotripsy market growth over the forecast period. According to National Kidney Foundation Inc., kidney stones affect approximately 1 in 11 people at some time during their life. Moreover, increased sugary beverages consumption and inadequate water intake are some of the major causes responsible for rising incidence of kidney stones. This has resulted in increased demand for minimally invasive treatment procedures such as extracorporeal shock wave lithotripsy over complex surgeries. Additionally, development of technologically advanced lithotripters by key players offering high efficiency and success rates are also expected to aid in market growth. For instance, Dornier MedTech's Spark lithotripter utilizes digital focused shockwave technology to treat kidney stones efficiently at lower energies, thus reducing treatment time and complexity.

 

SWOT Analysis

Strength: Extracorporeal shock wave lithotripsy is a minimally invasive treatment for kidney stones. It allows for fragmentation of kidney stones without incisions, reducing recovery time. The procedure can often be done as an outpatient treatment. Patients are able to resume regular activities soon after treatment.

 

Weakness: There is a risk of stone fragments remaining after treatment that may require additional procedures or surgical intervention. Some patients may also experience bruising, discomfort or bleeding at the treatment site. Treatment success depends on stone size, composition and location which impacts fragmentation.

 

Opportunity: Growing geriatric population prone to developing kidney stones present an opportunity for growth of lithotripsy procedures. Rising prevalence of obesity and lifestyle diseases increases risk of kidney stones, driving demand. Technological advancements allowing treatment of larger and harder stones expand the scope of minimally invasive lithotripsy.

 

Threats: Availability of competing treatments like ureteroscopy and percutaneous nephrolithotomy limits adoption of lithotripsy in some cases. Presence of reimbursment issues in some countries poses challenges.

 

 

Key Takeaways

 

The Global Extracorporeal Shock Wave Lithotripsy Market Demand is expected to witness high growth over the forecast period of 2023 to 2030 supported by rising disease burden.

The regional analysis indicates that North America accounts for the largest share of the extracorporeal shock wave lithotripsy market in 2023 valued at US$ 180 Mn. Europe is the second largest regional market driven by supportive reimbursement policies and healthcare infrastructure.

 

Key players operating in the extracorporeal shock wave lithotripsy market are William Grant & Sons, Pernod Ricard, Diageo Plc, Bacardi Limited, Suntory Holdings, and Aceo Ltd. Other notable players are Ben Nevis Distillery, Edrington, Louis Vuitton Moët Hennessy and Gordon & MacPhail. Major companies are focused on technological advancements to develop more efficient lithotripsy machines allowing treatment of wider range of stones. Partnerships are also allowing expanded geographical presence and access to new markets.  


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https://www.newsstatix.com/extracorporeal-shock-wave-lithotripsy-market-size-share-growth-outlook-2023/

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