Artificial Intelligence (AI) is fastest growing segment fueling the growth of Extracorporeal Shock Wave Lithotripsy Market

Extracorporeal Shock Wave Lithotripsy (ESWL) is a non-invasive medical procedure used to treat kidney stones and gallbladder stones. During ESWL, high-energy shock waves are directed at the stones from outside the body using ultrasonic guidance, breaking them into sand-like fragments that can pass harmlessly in the urine.

The global Extracorporeal Shock Wave Lithotripsy Market is estimated to be valued at US$ 443 Mn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends:

AI models can process ultrasound and other imaging data more quickly and accurately than humans to locate stones, optimize treatment parameters, track stone fragmentation in real-time, and help surgeons minimize radiation exposure and treatment time. This is expected to significantly improve clinical outcomes and drive adoption of AI-powered ESWL systems among healthcare providers globally over the forecast period.

Segment Analysis

The Global Extracorporeal Shock Wave Lithotripsy Market Size is segmented by technology into electrohydraulic lithotripsy, piezoelectric lithotripsy, and electromagnetic lithotripsy. The piezoelectric lithotripsy segment dominates the market as piezoelectric lithotripters are compatible with all types of clinical settings including hospitals, ambulatory surgical centers, and urology clinics. Piezoelectric lithotripters provide non-invasive treatment and cause minimal trauma to surrounding tissues.

Key Takeaways

The global extracorporeal shock wave lithotripsy market is expected to witness high growth, exhibiting CAGR of 6.2% over the forecast period, due to increasing prevalence of urolithiasis globally.

Market size related content comprises: The global extracorporeal shock wave lithotripsy market is expected to reach a value of US$ 443 Mn in 2023 and is projected to reach US$ 717 Mn by 2030.

Regional analysis related content comprises: Asia Pacific dominates the market and is expected to grow at the fastest rate during the forecast period. Countries such as China, India, and Japan have high occurrences of kidney stones owing to dietary and climatic conditions, thus driving the demand for lithotripsy procedures.

Key players related content comprises: Key players operating in the extracorporeal shock wave lithotripsy market are Siemens AG, Dornier MedTech GmbH, Olympus America, Richard Wolf, Boston Scientific, EDAP TMS, Urologix Inc., Guangdong Haifu Medical Technology Co., Ltd., Chongqing Haifu Medical Technology Co., Ltd., Jiangsu Yuyue Medical Equipment Co., Ltd. Siemens AG and Dornier MedTech GmbH captured over 60% of the market share in 2022 owing to their technologically advanced and widely used lithotripter systems.

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