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Pharmaceutical

What is the Role of Advanced R&D in Widening Lithotripsy Devices Demand

The lithotripsy devices market is projected to continue its steady growth due to the burgeoning cases of kidney stones, coupled with the surging demand for minimally invasive medical treatments. According to Fact.MR report, the lithotripsy devices market is anticipated to accelerate at 4.3% CAGR during 2018-2026 to reach a value of US$ 1,095.2 MN by the end of 2026. In recent past, lithotripsy has become the most preferred way of treating kidney stones, owing to myriad advantages of lithotripsy devices, such as low cost, relative safety, negligible recovery time and positive results.

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The Fact.MR report on lithotripsy devices market opines that the growing adoption of lithotripsy devices owing to their ability to treat all kinds of kidney stones with impressive success rates for ureteral stones without any considerable complications has been underpinning gains in lithotripsy devices market.

Surging Incidence of Urolithiasis to Boost Sales of Lithotripsy Devices 

Urolithiasis is a widely prevalent urologic issue, which constitutes considerable burden on the healthcare system across the globe. According to Fact.MR report on lithotripsy devices market, apart from widespread prevalence, urolithiasis has been linked to an increased risk of end-stage renal failure, which has further accelerated the demand for lithotripsy devices. As per the U.S. National Institutes of Health, urolithiasis affects roughly 12% of the worldwide population once in lifetime. The report opines that the growing prevalence of kidney stones is likely to drive the growth of lithotripsy devices market during the forecast period.

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The rapidly advancing technology and manifold extracorporeal shock wave lithotripsy procedures are anticipated to act as a main growth driver for lithotripsy devices market, as per Fact.MR study. Further, lithotripsy devices’ manufacturers are focusing on creating novel and cutting-edge lithotripsy devices, which is expected to fuel growth in global lithotripsy devices market during 2018-2026.

The Fact.MR report on lithotripsy devices opines that lithotripsy procedures are likely to become an outpatient procedure in the forthcoming years, witnessing a robust growth in ambulatory surgical center segment by end users. Though there are newer ways for the treatment of kidney stones, patients are increasingly opting for minimally invasive or non-invasive treatment as a viable method for kidney stones treatment.

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Furthermore, as modern day lithotripters provide a wide range of settings to clinicians, medical practitioners get the liberty to adopt diverse combinations with various effects during the procedure. However, the prevalence of substitutes for kidney stones treatment is likely to dampen the growth of lithotripsy market during the foreseeable period. Additionally, adverse effects linked to the use lithotripsy, such as internal bleeding is another key factor likely to dampen the growth of lithotripsy devices market.

Europe to Dominate Lithotripsy Devices Market with Prevalence of Key Market Players

According to Fact.MR analysis of lithotripsy devices market, Europe is envisaged to dominate lithotripsy devices market and is projected to reach US$ 307.5 MN by the end of foreseeable period due to the presence of leading market players in the region.

Europe will be closely trialed by Asia-Pacific excluding China (APEC) lithotripsy devices market. APEC lithotripsy devices market is likely to account for second largest value share in lithotripsy devices market due to increasing burden of chronic diseases in tandem with the developing healthcare infrastructure in the region, apart from the growing initiatives to promote adoption of lithotripsy devices.

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Categories
Pharmaceutical

Strong Economic Developments will Provide an Impetus to Growth of the US$ 1,095.2 Million Lithotripsy Devices Market

A recent study by Fact.MR on the lithotripsy devices market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering lithotripsy devices.

Bottom-up approach is always used to obtain Lithotripsy Devices insightful data for the specific country/regions. The country specific data is again analyzed to derive data at a global level. Specific factors/parameters are considered related to the individual Lithotripsy Devices market and quantified with insightful rationale.

Increasing prevalence of diseases across the globe is generating huge demand for advanced healthcare system. As a result, more and more technologically advanced medical devices are being employed to aid medical Practitioners and professionals in medical setups. Sales of Lithotripsy Devices devices are soaring rapidly.

The Market survey of Lithotripsy Devices offers a comprehensive analysis of diverse features, including production capacities analysis of Lithotripsy Devices, demand, product developments, revenue generation, and Size of Lithotripsy Devices Market across the globe.

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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 Users

Key stakeholders in Market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities.

Technological Innovation in Medical Devices Revolutionizing the Healthcare System

The medical device industry is a heterogeneous, innovative and dynamic sector. From telemedicine to artificial intelligence, robotic surgery and 3D printing, technology is revolutionizing the healthcare industry.

The intersection of healthcare and technology has led to numerous advancements in medical devices. New age medical technology has transformed the way doctors and patients participate and interact with each other. Introduction of advanced medical devices such as drug-device combinations (DDCs), preventive and predictive equipment’s, self-care devices is completely transforming the medical world.

Increasing investments by public and government bodies in healthcare sector is positively impacting the Lithotripsy Devices market. Governments across the globe are introducing various initiatives to strength the medical device sector with major emphasis on research and development (R&D).

Lithotripsy Devices manufacturing companies and healthcare service providers have started offering personalized patient care and access to complete end-to-end medical device products and services. They are focusing on developing and enhancing product prototyping and minimizing operation cost.

With the onset of COVID-19 pandemic the sales of Lithotripsy Devices witnessed a huge upsurge and the trend is likely to continue in the future.

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Some Notable Offerings by Fact.MR Report on Lithotripsy Devices market:

  • We will provide you an analysis of the extent to which this Lithotripsy Devices market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
  • We will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
  • Also, this report will help you to identify any trends to forecast growth rates.
  • The analyzed report will forecast the general tendency for supply and demand.

Report Benefits & Key Questions Answered

  • Lithotripsy Devices Category and segment level analysis: Fact MR offers detailed analysis of the factors influencing the sales prospect across key segments. Lithotripsy Devices category analysis provides deep insights into customer experiences, emerging trends and growth drivers. The vital information highlighted in this section will enable market players to make timely business decision to gain competitive advantage.
  • Lithotripsy Devices Manufacturing trend analysis: A key aspect of the study is comprehensive Lithotripsy Devices manufacturing trend analysis. These insights provide vital information on how market players are coping with latest trends that are prevailing in the market.
  • Innovation and acquisition activity in Lithotripsy Devices: The report highlights in detail the various organic and inorganic strategies adopted manufacturers in order to gain a competitive edge in Lithotripsy Devices market. Adoption of various technologies are being discussed in detail.
  • Lithotripsy Devices demand by country: The report forecasts the country wise demand for Lithotripsy Devices between 2021 and 2031. By analyzing this section of the report, Lithotripsy Devices manufacturers can accordingly invest in those regions where the demand is on the rise.
  • Post COVID consumer spending on Lithotripsy Devices: The Fact.MR market survey also highlights the impact of COVID-19 on medical devices industry. These insights provide vital information on how market players are executing their manufacturing strategies to coup with the COVID-19 pandemic.

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.

Some of the Lithotripsy Devices Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides: 

  • Details regarding latest innovations and development in Lithotripsy Devices and how it is gaining customer traction during the forecast period.
  • Analysis about the customer demand of the products and how it is likely to evolve in coming years.
  • Latest regulations enforced by government bodies and local agencies and their impact on Demand of Lithotripsy Devices Market .
  • Insights about adoption of new technologies and its influence on the Lithotripsy Devices market Size.
  • Overview of the impact of COVID-19 on Lithotripsy Devices Market and economic disruptions caused by the pandemic.
  • Evaluates post-pandemic impact on the Sales of Lithotripsy Devices Market during the forecast period.

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After reading the Market insights of Lithotripsy Devices Report, readers can:

  • Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
  • Analyze key regions holding significant share of total Lithotripsy Devices market revenue.
  • Study the growth outlook of Lithotripsy Devices market scenario, including production, consumption, history and forecast.
  • Learn consumption pattern and impact of each end use & supply side analysis of Lithotripsy Devices market.
  • Investigate the recent R&D projects performed by each market player & competitive analysis of Lithotripsy Devices Market Players.

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How Fact.MR Assists in Making Strategic Moves For Lithotripsy Devices Market Manufacturer?

  • The data provided in the Lithotripsy Devices market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
  • The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

 

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About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

Visit Our Website: https://www.factmr.com