Europe Lithotripsy Market Forecast to 2031 - Regional Analysis - by Product Type (Extracorporeal Shock Wave Lithotripsy Devices, Intracorporeal Lithotripsy Devices, and Ureteroscopic), Application (Kidney Stones, Ureteral Stones, Pancreatic Stones, Bile D

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.

Reasons to buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe lithotripsy market.
Highlights key business priorities to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Europe lithotripsy market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe lithotripsy market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.