Stone formation in the urinary tract is now a common health issue faced by many adult and old age peoples. Extracorporeal shock wave lithotripsy is a procedure to break up stones inside the urinary tract, bile ducts or pancreatic duct with a series of shock waves generated by a machine called a lithotripter. By this procedure, the stones are broken down into small pieces.
MARKET SCOPE
The "Global Extracorporeal Shock Wave Lithotripsy Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Extracorporeal Shock Wave Lithotripsy market with detailed market segmentation by technology, use, and end-user. The report provides key statistics on the market status of the leading Extracorporeal Shock Wave Lithotripsy market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on technology the market is segmented as, electrohydraulic technique, electromagnetic technique, and piezoelectric technique.
- Based on the use the market is segmented as, retric and renal stones and bladder calculi.
- Based on end users the market is segmented as, hospitals, clinics, and others.
MARKET DYNAMICS
Drivers:
- Rising prevalence of stone formation in the urinary tract and other gastrointestinal disorders.
- Increasing geriatric population.
- Rising awareness and acceptance of advanced techniques in Lithotripsy.
- Presence of advanced technology for kidney stones, bezoars, and gallstones treatment.
Restraints:
- High cost of lithotripsy.
- Requirement of highly skilled and trained personnel.
- Whereas, the high cost of treatment is expected to restrain the market growth during the forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The Extracorporeal Shock Wave Lithotripsy market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South and Central America after evaluating political, economic, social, and technological factors affecting the Extracorporeal Shock Wave Lithotripsy market in these regions.
IMPACT OF COVID-19 ON EXTRACORPOREAL SHOCK WAVE LITHOTRIPSY MARKET
COVID-19 first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. Few companies have already announced possible delays in product deliveries and slumps in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Extracorporeal Shock Wave Lithotripsy market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnerships & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market payers from the Extracorporeal Shock Wave Lithotripsy market are anticipated to lucrative growth opportunities in the future with the rising demand for Extracorporeal Shock Wave Lithotripsy in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Extracorporeal Shock Wave Lithotripsy market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BOSTON SCIENTIFIC CORPORATION
- C.R. BARD INC.
- COOK GROUP INC.
- MEDTRUE ENTERPRISE CO. LTD.
- SAINTY PHARMA
- SIEMENS AG
- LUMENIS LTD
- OLYMPUS CORPORATION
- DORNIER MEDTECH
- KARL STORZ