Lithotripsy is a medical procedure in which shock waves or a laser are used to break down stones in the kidney, gallbladder, or ureters. The two main categories of lithotripsy are extracorporeal shock wave lithotripsy (ESWL) and laser lithotripsy. Laser lithotripsy is also known as flexible ureteroscopy and laser lithotripsy (FURSL) because doctors use a ureteroscope tool. Both procedures aids in eliminate bothersome stones fastly and effectively. The kind of treatment a doctor recommends will depend on a range of factors, such as the type of stones the person has and their overall health.
MARKET SCOPE
The "Global Mechanical Lithotripsy Systems Market Analysis to 2028" is a specialized and in-depth study of the medical devices industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Mechanical lithotripsy systems market with detailed market segmentation by type, application, end use, and geography. The report provides key statistics on the market status of the leading Mechanical lithotripsy systems market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global Mechanical lithotripsy systems market is segmented into extracorporeal shock wave lithotripsy devices, intracorporeal lithotripsy devices. Intracorporeal Lithotripsy Devices is again segmented into laser lithotripsy devices, electrohydraulic lithotripsy devices, ultrasonic lithotripsy devices, mechanical lithotripsy devices.
- On the basis of application, the market is segmented into kidney stones, ureteral stones, pancreatic stones, bile duct stones.
- On the basis of end use, the market is segmented into hospitals, ambulatory surgical centers, other end users.
MARKET DYNAMICS
Drivers:
- Rise in the incidences of Urolithiasis.
- Technological advancements.
Restraints:
- The adverse effects associated with lithotripsy and the availability of alternative treatments for stone removal is the major restraining factor for this market.
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 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Mechanical lithotripsy systems 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 demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Mechanical lithotripsy systems market in these regions.
IMPACT OF COVID-19 ON MECHANICAL LITHOTRIPSY SYSTEMS MARKET
COVID-19 first began in Wuhan (China) during 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 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. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. 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 Mechanical lithotripsy systems 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Mechanical lithotripsy systems market are anticipated to lucrative growth opportunities in the future with the rising demand for Mechanical lithotripsy systems in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Mechanical lithotripsy systems 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.
- Siemens AG
- Boston Scientific
- Dornier MedTech
- Olympus America
- DirexGroup
- Richard Wolf
- Jena Med Tech GmbH
- Elmed Electronics & Medical Industry & Trade Inc.
- EDAP TMS
- Medispec Ltd.