Extracorporeal Shock Wave Lithotripsy Market Size

Extracorporeal Shock Wave Lithotripsy (ESWL) Market size was over USD 422.8 Million in 2023 and is projected to cross USD 869.18 Million by the end of 2036, growing at more than 5.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of extracorporeal shock wave lithotripsy is estimated at USD 444.49 Million. The major factor attributed to the expansion of the market is the rising cases of kidney stones among the global population owing to the engagement in a sedentary lifestyle and consumption of a high amount of fatty and processed food items. Recent statistics stated that the prevalence of kidney stones varies from region to region. For instance, in 2022 it was calculated that the prevalence rate of kidney stones is almost 1-5% in Asia, 5-9% in Europe, and 7-15% in North America. At the same time, approximately 20% of the population in Saudi Arabia and only 4% population in China were diagnosed with kidney stones.

In addition to kidney stones, the global extracorporeal shock wave lithotripsy (ESWL) market is also estimated to increase owing to the rise in ureter stones and gallstones. Also, the rising preference for minimally invasive procedures is expected to increase the utilization rate of extracorporeal shock wave lithotripsy (ESWL) for destructing of hardened masses such as kidney stones, bezoars, and gallstones during the forecast period. Furthermore, the escalation in patient awareness of recent technological advancements in the healthcare industry along with the high investments made in the medical devices sector is expected to drive market growth in the upcoming years. Additionally, the increasing awareness level about the advantages of extracorporeal shock wave lithotripsy (ESWL) which includes minimal invasiveness, reduced pain, shorter hospital stay, quicker recovery time, and enhanced overall patients experience is projected to create a positive outlook for market expansion and impetus a significant revenue generation in the forecast period.