(MENAFN- America News Hour) Research Nester published a report titled “extracorporeal shock wave lithotripsy (eswl) market : Global Demand Analysis & Opportunity Outlook 2031′′ which delivers detailed overview of the global extracorporeal shock wave lithotripsy (ESWL) market in terms of market segmentation by type, application, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global extracorporeal shock wave lithotripsy (ESWL) market is estimated to occupy a substantial revenue by growing at a robust CAGR during the forecast period, i.e., 2022 – 2031, ascribing to the rising number of cases of reporting of kidney stones in patients, and increasing occurrence of lifestyle associated conditions and obesity. Along with these, surging improvements in healthcare infrastructure around the world, and escalating investments by pharmaceutical companies for developing sophisticated medical instruments are also expected to drive the growth of the market in the forthcoming years.
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Based on application, the kidney stones segment is anticipated to acquire the largest share during the forecast period in view of the high utilization of ESWL for breaking kidney stones into small pieces that can move easily through the urinary tract and pass from the body. Additionally, by end user, the hospitals segment is projected to grab the largest share over the forecast period attributing to the presence of sophisticated equipment in this facility that which is able to reduce complications significantly.
Geographically, the global extracorporeal shock wave lithotripsy (ESWL) market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific is evaluated to witness noteworthy growth in the market during the forecast period attributing to the advancements in healthcare facilities, and rapidly changing lifestyle patterns of the population in the region. Moreover, the market in North America is assessed to acquire the largest share over the forecast period on the back of the presence of large number of diabetic and obese patients prone to development of kidney stones in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Number of Reported Cases of Kidney Stones Among Patients to Bolster Market Growth
Over the last two decades, the total prevalence of lifestyle diseases and percentage of obese population have observed a significant hike. It in turn has resulted in the increase in the number of reported cases of kidney stones, which in turn is anticipated to raise the demand for ESWL in the near future. This can be credited to the high efficiency and minimal invasiveness of the technique for removal of stones.
However, failure to crush large kidney stones through this technique is expected to operate as key restraint to the growth of the global extracorporeal shock wave lithotripsy (ESWL) market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global extracorporeal shock wave lithotripsy (ESWL) market which includes company profiling of Siemens AG, Boston Scientific Corporation, C.R. Bard Inc., Cook Group Inc., Medtrue Enterprise Co. Ltd., Jiangsu Sainty Handsome Co., Ltd., Lumenis LTD, Olympus Corporation, Dornier MedTech GmbH, Karl Storz Gmbh and Co. KG, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global extracorporeal shock wave lithotripsy (ESWL) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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