MarketResearchNest.com adds “Global Lithotripters Market 2017-2021” new report to its research database. The report spread across 105 pages with table and figures in it.
The Research analysts forecast the global lithotripters market to grow at a CAGR of 2.11% during the period 2017-2021. Lithotripters are used to break kidney stones. Lithotripsy machines have four components, which include a shockwave generator, a coupling system, a focusing system, and an imaging and localization unit. Based on product type, the global lithotripters market has been segmented into ESWL system and intracorporeal lithotripsy system.
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Technavio recognizes the following companies as the key players in the global lithotripters market: Boston Scientific, KARL STORZ, and Siemens.
Other Prominent Vendors in the market are: Allengers Medical Systems, Aymed, CellSonic Medical, Convergent Laser Technologies, Cook Medical, EDAP TMS, Elmed Electronics & Medical Industry & Trade, EMD Medical Technologies, EMS, ENDO-FLEX, GEMMS, Guangzhou Potent Optotronic Technology, HealthTronics, Inceler Medikal, Jena Medtech, Medispec, MED-SONIC, MS WESTFALIA, MTS Medical, NOVAmedtek, Richard Wolf, and Shenzhen Huikang Medical Apparatus.
“The latest trend gaining momentum in the market is Technological advances in lithotripsy. Kidney stone management using lithotripters has provided positive results in the mechanism of stone disintegration, localization, coupling, and shockwave focusing. However, laser is required to fragment or remove the stones once visualized. Holmium laser is commonly used to manage renal and urinary stones. Advances in laser have provided several benefits such as maneuvering with different bends. Recent advances in shockwave lithotripsy have provided positive results in treating kidney stones.”
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According to the report, one of the major drivers for this market is Low procedure cost in emerging countries. Kidney stone removal is an expensive procedure in developed countries such as the US, the UK, and Germany. The procedure costs $12,000-$25,000 depending on the type of healthcare facility, size of stone, and availability of reimbursements. However, in developing countries, the procedure cost is comparatively low. Government-run healthcare facilities such as the hospitals run by the NHS offer low-cost kidney stone removal procedures. The lower procedure cost in emerging countries such as South Africa, Mexico, Saudi Arabia, and Spain drive the growth of the market.
Further, the report states that one of the major factors hindering the growth of this market is High procedure and device cost. Kidney stone removal is an expensive procedure in developed countries such as the US, the UK, and Germany. The procedure costs $12,000-$25,000 depending on the type of healthcare facility, size of stone, and availability of reimbursements. The high procedure and device cost affect the growth of the market. Lithotripters are high-end devices. The workstation and initial installation cost is equivalent to the installation of diagnostic imaging devices. With the introduction of cloud-based platforms and integrated systems, the establishment of hybrid ORs increases the overall installation cost of lithotripsy systems.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Mr. Jeet Jain