Global Extracorporeal Lithotripsy Market is anticipated to rise at a higher CAGR in the forecast period. Generally, abdominal pain is the most common and distressing symptom and is the most common indication for surgical intervention. One of the diagnosis method to deal with pain in chronic pancreatitis is endoscopic drainage. Endoscopic drainage comprises pancreatic sphincterotomy, removal of pancreatic stones, pain relief procedures and placement of pancreatic stones and the placement of pancreatic stents to remove the obstruction.

Medically, more than 30% patients suffer from calcification and chronic pancreatitis. Therefore, with the inception of newer imaging technologies like computed tomography (CT) has enhanced the capability to inspect pancreatic calcification. Up to 70% of patients suffering from alcohol-related chronic pancreatitis can encounter pancreatic calcification after a decade of disease.

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On a commercial scale, such diseases are carefully diagnosed by using extracorporeal shock-wave lithotripsy (ESWT) in which the stones in the urinary tract are broken down in pieces. Shock-waves produced by the machine are then keenly observed with the help of an ultrasound x-ray imaging. The waves travel under tissues without hampering the stone severely. This will then pass into urine for over a period of time.

ESWT is extensively used by physicians worldwide owing to features such as non-invasion, minimized pain and availability of technically developed devices to conduct the procedures is pivot for driving the growth of extracorporeal lithotripsy market. Overall, the commercial market for extracorporeal lithotripsy industry is anticipated to rise at a double-digit CAGR in the forecast period.

Global extracorporeal lithotripsy market is driven by factors such as rising incidence of obese patients and latest technological advancements. However, the suggested diagnosis to crush large stones through extracorporeal lithotripsy is likely to impede the market growth in the forecast period. Global extracorporeal lithotripsy industry is segmented into piezoelectric technique, electromagnetic technique, electrohydraulic technique based on technology. Electrohydraulic technique dominates the global market and is the earliest of shockwave generation. Despite, piezoelectric technique is instantly growing in the assessment period.

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Based on application, the extracorporeal lithotripsy industry is segmented into uretic stones, kidney stones, pancreatic stones and salivary stones. Kidney stones account for largest share in the global market and continue to dominate the global market in the assessment period. Based on end-user, the extracorporeal industry is segmented into clinics, hospitals andradiology labs. Hospital segment dominates the global market during the assessment period.

Geographically, the global extracorporeal industry spans North America, Latin America, Europe, Asia-Pacific, Middle-East and Africa. North America dominates the global market in the forecast period owing to factors such as presence of large number of obese patients vulnerable to kidney stones. Europe is the second largest region to dominate global market owing to government initiatives and investment. APAC regions are likely to grow in the forecast period owing to high acceptance to novel technologies and higher disposable income.

The key players in the global extracorporeal lithotripsy industry include C.R. Bard Inc., Lumenis LTD, Boston Scientific Corporation, Siemens AG, Cook Group Inc, KarlStorzGmbh and Co. KG, Medtrue Enterprise Co. Ltd., Olympus Corporation, Sainty Pharma, and Dornier MedTech GmbH.

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