The industry should witness significant expansion due to increasing prevalence of urolithiasis over the last few years. Urolithiasis affects nearly 12% of total global population once in their lifetime, as per U.S. National Institutes of Health report. Technological advancements and rising number of extracorporeal shock wave lithotripsy procedures will act as major driver for market size expansion.
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Growing elderly population base, will significantly increase demand for lithotripsy devices during the forecast period. As older people are more at risk of suffering from kidney or urinary tract diseases. Low fluid intake and low urine output may result in stone formation among the geriatric population. However, availability of alternative methods for stone removal and associated side-effects of these devices will hamper industry size expansion over the coming years.
Based on product type, the industry is segmented into extracorporeal shock wave lithotripsy system and intracorporeal lithotripsy system. Intracorporeal lithotripsy system segment is further bifurcated into electrohydraulic lithotripsy, laser lithotripsy, ultrasonic lithotripsy and mechanical lithotripsy.
Extracorporeal shock wave lithotripsy (ESWL) system segment dominated the industry in 2017 and is estimated to follow similar over the coming years. Growing demand for noninvasive procedure has led to high adoption of ESWL systems. ESWL procedure is highly preferred treatment modality for maximum stone procedures will further lead to industry expansion.
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