Extracorporeal shock wave lithotripsy is a
non-invasive treatment for kidney stone and biliary calculi, using an
acoustic pulse and are also used for salivary stones and pancreatic
stones. The lithotripter supplies a high intensity acoustic pulse to
crush the stone causing minimal collateral damage to the normal
tissue and the shock waves break the stones into smaller portion.
Extracorporeal shock wave lithotripsy are widely used by the
physician globally due to its important characteristic such as
non-invasiveness, recovery time, reduced pain and reduced hospital
stay. Extracorporeal shock wave lithotripsy success rate is high for
patients with smaller stones such as less than 1 centimeter. Also,
rise in prevalence of obesity and increasing diabetic patient
population also favors growth of the extracorporeal shock wave
lithotripsy market.
Furthermore, rising incidence of kidney stones and
ureter stones are expected to boost growth of the market in the near
future. Rampant development of healthcare infrastructure in emerging
economies and growing awareness about the availability of technically
developed equipment to carry out the procedures favors growth of the
market. After extracorporeal shock wave lithotripsy treatment,
patient can resume daily activities within one to two days. According
to the National Health and Nutrition Examination Survey held in 2012,
prevalence of kidney stone was found to be higher in women than in
males.
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Extracorporeal Shock Wave Lithotripsy
Market Taxonomy
By Technology
-
Electrohydraulic Technique
-
Electromagnetic Technique
-
Piezoelectric Technique
By Application
-
Kidney Stones
-
Uretic Stones
-
Pancreatic Stones
-
Salivary Stones
By End User
-
Hospital
-
Clinics
Extracorporeal shock wave lithotripsy
market is being fuelled by rise in incidence of kidney stones
Extracorporeal shock wave lithotripsy is a
valuable tool for eradication of stones from kidney, ureter,
gallbladder, salivary gland, or salivary duct. Extracorporeal shock
wave lithotripsy is used to find the stone and break it down into
smaller fragments. Extracorporeal shock wave lithotripsy generates
shockwaves, which are then focused onto the stone present in body
with negligible diversion of energy that favors minimal damage to
tissue. Extracorporeal shock wave lithotripsy is also most effective
in treatment of non-obstructing renal calculi. Whereas the
composition and density of stone decides the rate of shockwaves to be
generated. According to Centers for Disease Control and Prevention,
number of adults diagnosed by kidney disease are 4.9 million in the
U.S. in 2015.
Furthermore, improvement in healthcare facilities,
awareness regarding available technique promote the market of
extracorporeal shock wave lithotripsy.
Growth engines for extracorporeal shock
wave lithotripsy market
Most populated and urbanized regions such as North
America, Asia-pacific and European region in the world that uses the
advanced devices for treatment purpose shows the largest
extracorporeal shock wave lithotripsy market. Europe also favors the
growth of market due to increased government investment. The high
growth in India and China can be attributed to government and venture
capital investments in the field of extracorporeal shock wave
lithotripsy to develop the market. Increase in incidence of kidney
stone disease in the U.S. also favors the market of extracorporeal
shock wave lithotripsy.
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The key players dominating the global
extracorporeal shock wave lithotripsy market
Investment in medical device technology and R&D
have increased the competition among the manufacturers. Whereas
manufacturers are focusing on offering advanced features to
extracorporeal shock wave lithotripsy at affordable prices to gain a
competitive edge in the market. The key players operating in the
market are Boston Scientific Corporation, C.R. Bard Inc., Lumenis
LTD, GE Healthcare and Siemens AG.
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