The Europe lithotripsy market was valued at US$ 395.67 million in 2023 and is expected to reach US$ 648.74 million by 2031; it is estimated to register a CAGR of 6.4% from 2023 to 2031.
Launch of Innovative Lithotripsy Devices Drives Europe Lithotripsy Market
Several manufacturers are developing technologically advanced products used during lithotripsy to remain competitive in the market across the globe. For example, in January 2022, Olympus announced the launch of its next-generation SOLTIVE Premium SuperPulsed Laser System (SOLTIVE Laser System). The product offers the potential for short procedure time, better patient outcomes, and low procedure cost as compared to standard Holmium: YAG lithotripsy device. Therefore, the launch of innovative lithotripsy devices drives the market.
Europe Lithotripsy Market Overview
The Europe lithotripsy market is segmented into the UK, Germany, France, Spain, Italy, and the Rest of Europe. As per the report published in the Fraunhofer in April 2022, the German health insurance company AOK stated that 10% of Germans experience a kidney stone once in their lifetime. Additionally, the cost of a lithotripsy procedure in Germany ranges from US$ 5,400 to US$ 6,600, as per the statistics revealed by the Vaidam.com website. Therefore, with rising prevalence of kidney stones in Germany accelerates demand for lithotripsy devices, which fuels the market growth.
Europe Lithotripsy Market Revenue and Forecast to 2031 (US$ Million)
Europe Lithotripsy Market Segmentation
The Europe lithotripsy market is categorized into product type, application, end user, and country.
By product type, the Europe lithotripsy market is segmented into extracorporeal shock wave lithotripsy devices, intracorporeal lithotripsy devices, and ureteroscopic. The extracorporeal shock wave lithotripsy devices segment held the largest share of the Europe lithotripsy market share in 2023.
In term of application, the Europe lithotripsy market is segmented into kidney stones, ureteral stones, pancreatic stones, bile duct stones, and bladder stones. The kidney stones segment held the largest share of the Europe lithotripsy market share in 2023.
Based on end user, the Europe lithotripsy market is segmented into hospitals, specialty clinics, and others. The hospitals segment held the largest share of the Europe lithotripsy market share in 2023.
Based on country, the Europe lithotripsy market is segmented into the UK, Germany, France, Spain, Italy, and the Rest of Europe. Germany segment held the largest share of Europe lithotripsy market in 2023.
Becton Dickinson and Co, Boston Scientific Corp, Cook Medical Holdings LLC, DirexGroup, Dornier MedTech, Edap Tms SA, ELMED Medical Systems, EMS Electro Medical Systems SA (EMS+), Karl Storz SE & Co KG, NOVAmedtk, Olympus Corp, and Potent Medical are some of the leading companies operating in the Europe lithotripsy market.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 395.67 Million |
| Market Size by 2031 | US$ 648.74 Million |
| CAGR (2023 - 2031) | 6.4% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Lithotripsy Market is valued at US$ 395.67 Million in 2023, it is projected to reach US$ 648.74 Million by 2031.
As per our report Europe Lithotripsy Market, the market size is valued at US$ 395.67 Million in 2023, projecting it to reach US$ 648.74 Million by 2031. This translates to a CAGR of approximately 6.4% during the forecast period.
The Europe Lithotripsy Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Lithotripsy Market report:
The Europe Lithotripsy Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Lithotripsy Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Lithotripsy Market value chain can benefit from the information contained in a comprehensive market report.
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