Lithotripsy Devices MarketSize and Trends

Lithotripsy devices market is driven by increase in geriatric population, technological advancement, increase in incidence rate of urolithiasis disease cases, and rise in number of extracorporeal shock wave lithotripsy procedures.

As per National Kidney Foundation, Inc., yearly around 0.5 million new people worldwide suffers from kidney stones problem and around 1 out of 10 people have kidney stone problem around the globe. Furthermore, in U.S. around 1 out of 7 people suffers from chronic kidney disease yearly.

North America is expected to contribute major market share followed by Europe. Furthermore, rapid rise in geriatric population in Asia Pacific is expected to position it as a fast growing market for lithotripsy devices market.

Increase in geriatric population and incidence rate of urolithiasis expected to support the growth for lithotripsy devices market in the near future

According to the data of Ministry of Statistics and Program Implementation, in 2016, around 103 million people in India were over 60 years of age. Also, as per data published by Organization for Economic Co-operation and Development (OECD) the geriatric population in 2014, was accounted around 17.26% and 14.50% of the overall population in the U.K. and U.S., respectively. The number is expected to increase steadily in the near future.