Extracorporeal shock wave lithotripsy in a non-invasive treatment for kidney stone and biliary calculi, using an acoustic pulse and are also used for salivary stones and pancreatic stones. The lithotripter supplies a high intensity acoustic pulse to crush the stone causing minimal collateral damage to the normal tissues and the shock waves break the stones into smaller portion.
Extracorporeal shock wave lithotripsy is a valuable tool for eradication of stones from kidney, ureter, gallbladder, salivary gland, or salivary duct. Extracorporeal shock wave lithotripsy is used to find the stone and break it down into smaller fragments. Extracorporeal shock wave lithotripsy generates shockwaves, which are then focused onto the stone present in body with negligible diversion of energy that favors minimal damage to tissue. Extracorporeal shock wave lithotripsy is also most effective in treatment of non-obstructing renal calculi. Whereas the composition and density of stone decides the rate of shockwaves to be generated. According to Centers for Disease Control and Prevention, number of adults diagnosed by kidney disease are 4.9 million in the U.S. in 2015.
Furthermore, improvement in healthcare facilities, awareness regarding available technique promote the market of Extracorporeal Shock Wave Lithotripsy.
Key Companies in the Extracorporeal Shock Wave Lithotripsy Industry:
1) Boston Scientific Corporation
Boston Scientific Corporation is a biotechnology engineering firm founded in June 29, 1979 in Watertown, Massachusetts. It manufactures medical devices that are usually used in interventional medical specialties. The corporation is immensely known for developing the Taxus Stent, which is a type of drug used to open clogged arteries.
John Abele and Peter Nicholas found the Boston Scientific Corporation. Its headquarters are located in Marlborough, Massachusetts.
In June 2022, the company acquired M.I. Tech Co., Ltd, for around U.S$ 230 million. In August 2022, the company acquired Obsidio, Inc.
2) C.R. Bard, Inc.
C.R. Bard, Inc. was a developer, manufacturer, and marketer of medical technologies in the vascular medicine, urology, oncology, and surgical specialty fields. C. R. Bard marketed its products and services worldwide to hospitals, individual health care professionals, extended care facilities, and alternate site facilities. The company was founded in the year 1907, and the headquarters are located in New Jersey, U.S. In April 2017, the company announced it would be acquired by Becton, Dickinson and Company.
3) GE healthcare
GE Healthcare Technologies Inc. is a global medical technology company. It was founded on September 28, 1994 and the headquarters are located in Chicago, Illinois, U.S. The company manufactures medical diagnostic equipment that include CT image machines, Nuclear Medicine Cameras.
GE Healthcare was spun-off on January 4, 2023, with the company being listed on the Nasdaq Stock Market. In February 2023, GE Healthcare acquired the San Mateo headquartered AI medical technology manufacturer.
4) Siemens AG
Siemens AG is a German multinational conglomerate corporation and the largest industrial manufacturing company in Europe. The company manufactures products like Electric generators, Transformers, Industrial and buildings automation, PLM software, Marine engines, Home appliances, Fire alarms etc. The company was founded in the year 1847 and the headquarters are located in Munich and Berlin, Germany. The company was founded by Werner von Siemens.
In October 2021, Siemens acquired the building loT software and hardware company Wattsense for an unknown sum. In February 2022, The Company completed the acquisition of ZONA Technology, specialist in aerospace and simulation firm.
5) Lumenis Ltd.
Lumenis Ltd. is the medical and aesthetic lasers and light-based technology. Lumenis Ltd. manufactures and sells laser and light-based systems, as well as accessories for surgical, aesthetic, and ophthalmic applications. The Company provides a range of laser and intense pulsed light products for use in benign prostatic hyperplasia, urinary lithotripsy, gynecology, general surgery, dermatology, hair removal, acne, and various retinal pathologies. The company was founded in the year 1991, and the headquarters are located in Jerusalem, Yerushalayim, Israel.
