Extracorporeal Shock Wave Lithotripsy is the commonly utilized treatment for kidney and ureter stones. In this, the high-intensity acoustic pulse is functional externally to crush the stone causing minimal brokerage to the normal tissue. The stones are shattered down into smaller fragments utilizing the shock waves.
According to the report analysis, ‘Extracorporeal Shock Wave Lithotripsy Market: Current Analysis and Forecast (2021-2027)’ states that the requirement for extracorporeal shock wave lithotripsy is growing all over the world on account of the augmenting the number of patients who are not suitable for open surgeries, innovations in technology, and shifting preferences of the populace towards less-invasive surgeries.
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| Global Extracorporeal Shock Wave Lithotripsy Market |
In addition to this, the growth in penetration of extracorporeal shock wave lithotripsy devices due to the benefits offered by these devices such as minimal invasiveness, decreased pain, shorter hospital stays, and earlier recovery time are also some of the prominent aspects underwriting towards the growth of the market.
Based on technology, the market is segmented into electrohydraulic technique, electromagnetic technique and piezoelectric technique. The electrohydraulic technique segment created revenue of USD XX million during 2020. The market is expected to grow at a CAGR of XX% during the forecast duration to reach a market valuation of USD XX million by 2027. However, the piezoelectric technique is predicted to witness a speedy growth rate during the predicted timeframe.
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Some of the foremost players working in the market are Siemens AG, Boston Scientific Corporation, Medtrue Enterprise Co. Ltd., Karl Storz Gmbh and Co. KG, Olympus Corporation, C.R. Bard Inc., Cook Group Inc., Wikkon, Lumenis LTD, Dornier MedTech GmbH, among others. Countless M&A's along with partnerships have been undertaken by these players to enhance new and advanced products. These companies in the Extracorporeal Shock Wave Lithotripsy Market are actively working for leading the highest market growth, generating the great value of market share, keep maintaining the governing position, registering the great value of market share and obtaining the competitive edge by analysing the strategies and policies of government as well as contenders, increasing the features and benefits of Extracorporeal Shock Wave Lithotripsy, implementing the policies of profit making and strategies of expansion, improving the qualitative and quantitative measures of such, spreading the awareness connected to the applications and advantages of Extracorporeal Shock Wave Lithotripsy, delivering the better customer satisfaction, decreasing the associated prices of such, and employing the young and active personnel.
For a better understanding of the market acceptance of the extracorporeal shock wave lithotripsy, the market is analysed based on its worldwide existence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America establishes a major market for the extracorporeal shock wave lithotripsy industry and created revenue of USD XX Million in 2020 due to the existence of well-established market players in the region. The Extracorporeal Shock Wave Lithotripsy market is projected to observe a boost, owing to the surge in the number of individuals opting for minimally invasive surgeries.
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Global Extracorporeal Shock Wave Lithotripsy Market
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