Product Code: ETC12558990 | Publication Date: Apr 2025 | Product Type: Market Research Report | ||
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The India lithotripsy devices market import shipments showed robust growth with a CAGR of 15.4% from 2020 to 2024. However, there was a significant decline in growth rate between 2023 and 2024 at -36.8%, indicating a slowdown in market expansion towards the end of the period.
The India lithotripsy devices market is witnessing significant growth due to the increasing prevalence of kidney stones in the country, coupled with advancements in technology and healthcare infrastructure. Lithotripsy devices are used for non-invasive treatment of kidney stones, offering patients a less painful and quicker recovery compared to traditional surgical methods. The market is also driven by the rising adoption of minimally invasive procedures, growing awareness about the benefits of lithotripsy, and a surge in healthcare investments. Key players in the India lithotripsy devices market include Siemens Healthineers, Boston Scientific Corporation, and DirexGroup, among others. Government initiatives to improve healthcare access and the expanding healthcare sector are further propelling the growth of the lithotripsy devices market in India.
The India lithotripsy devices market is experiencing significant growth driven by factors such as the rising prevalence of kidney stones, increasing adoption of minimally invasive procedures, and advancements in lithotripsy technology. There is a growing demand for more efficient and precise lithotripsy devices that offer improved patient outcomes and reduced treatment times. Additionally, the availability of advanced shock wave lithotripsy (SWL) and laser lithotripsy technologies is contributing to the market expansion. Market players are focusing on developing innovative lithotripsy devices with enhanced features to cater to the evolving needs of healthcare providers and patients. The market is expected to continue to grow as healthcare infrastructure improves and awareness about kidney stone treatments increases among the population.
The India lithotripsy devices market faces several challenges, including limited access to advanced healthcare facilities in rural areas, uneven distribution of medical resources, high cost of lithotripsy procedures, and the presence of traditional treatment methods. Additionally, the lack of skilled healthcare professionals proficient in operating lithotripsy devices poses a significant challenge. Regulatory hurdles, such as lengthy approval processes for new medical technologies, also contribute to the challenges faced by companies operating in the Indian lithotripsy devices market. Overall, addressing these challenges will require collaborative efforts between healthcare providers, government bodies, and industry stakeholders to improve access to advanced lithotripsy treatments, enhance healthcare infrastructure, and promote awareness about the benefits of modern lithotripsy devices.
The India lithotripsy devices market presents promising investment opportunities due to factors such as a growing prevalence of kidney stones, increasing healthcare infrastructure, and rising adoption of minimally invasive procedures. With advancements in technology leading to the development of more efficient and cost-effective lithotripsy devices, there is a demand for innovative solutions in this market. Investors can consider opportunities in companies involved in manufacturing, distribution, and servicing of lithotripsy devices, as well as those focusing on research and development to introduce cutting-edge technologies. Additionally, partnerships with healthcare facilities and providers can help in gaining market share and expanding reach in the rapidly growing Indian healthcare sector. Overall, the India lithotripsy devices market offers a favorable investment landscape for those looking to capitalize on the country`s evolving healthcare needs.
The Indian government has implemented several policies related to the lithotripsy devices market to ensure patient safety, quality control, and affordability. The Medical Device Rules, 2017, regulate the registration, import, and sale of medical devices, including lithotripsy devices, to enhance their safety and efficacy. The government also encourages domestic manufacturing of medical devices through initiatives like the Make in India campaign, aimed at reducing dependency on imports and promoting local production. Additionally, the National Health Policy 2017 emphasizes the need for affordable healthcare services, which indirectly impacts the pricing and accessibility of lithotripsy devices in the market. Overall, these policies strive to create a conducive environment for the growth of the lithotripsy devices market in India while prioritizing patient welfare and healthcare affordability.
The India lithotripsy devices market is expected to show steady growth in the coming years due to the increasing prevalence of kidney stones and the growing adoption of minimally invasive procedures. Technological advancements in lithotripsy devices, such as the development of compact and portable devices, are also contributing to market growth. Additionally, the rising healthcare expenditure and improving healthcare infrastructure in India are further driving the demand for lithotripsy devices. However, factors such as the high cost of lithotripsy procedures and limited access to advanced healthcare facilities in rural areas could pose challenges to market growth. Overall, the India lithotripsy devices market is poised for expansion, supported by a favorable regulatory environment and increasing awareness about kidney stone treatment options.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Lithotripsy Devices Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Lithotripsy Devices Market Revenues & Volume, 2021 & 2031F |
3.3 India Lithotripsy Devices Market - Industry Life Cycle |
3.4 India Lithotripsy Devices Market - Porter's Five Forces |
3.5 India Lithotripsy Devices Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Lithotripsy Devices Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Lithotripsy Devices Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 India Lithotripsy Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of kidney stones in India |
4.2.2 Technological advancements in lithotripsy devices |
4.2.3 Growing awareness about minimally invasive procedures in healthcare |
4.3 Market Restraints |
4.3.1 High cost associated with lithotripsy devices |
4.3.2 Limited access to advanced healthcare facilities in rural areas of India |
4.3.3 Stringent regulatory requirements for medical devices |
5 India Lithotripsy Devices Market Trends |
6 India Lithotripsy Devices Market, By Types |
6.1 India Lithotripsy Devices Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Lithotripsy Devices Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 India Lithotripsy Devices Market Revenues & Volume, By Extracorporeal Shock Wave Lithotripsy Devices, 2021 - 2031F |
6.1.4 India Lithotripsy Devices Market Revenues & Volume, By Intracorporeal Lithotripsy Devices, 2021 - 2031F |
6.2 India Lithotripsy Devices Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Lithotripsy Devices Market Revenues & Volume, By Kidney Stones, 2021 - 2031F |
6.2.3 India Lithotripsy Devices Market Revenues & Volume, By Ureteral Stones, 2021 - 2031F |
6.2.4 India Lithotripsy Devices Market Revenues & Volume, By Pancreatic Stones, 2021 - 2031F |
6.2.5 India Lithotripsy Devices Market Revenues & Volume, By Bile Duct Stones, 2021 - 2031F |
6.3 India Lithotripsy Devices Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 India Lithotripsy Devices Market Revenues & Volume, By Hospitals, 2021 - 2031F |
6.3.3 India Lithotripsy Devices Market Revenues & Volume, By Ambulatory Surgical Centers, 2021 - 2031F |
6.3.4 India Lithotripsy Devices Market Revenues & Volume, By Others, 2021 - 2031F |
7 India Lithotripsy Devices Market Import-Export Trade Statistics |
7.1 India Lithotripsy Devices Market Export to Major Countries |
7.2 India Lithotripsy Devices Market Imports from Major Countries |
8 India Lithotripsy Devices Market Key Performance Indicators |
8.1 Average waiting time for lithotripsy procedures |
8.2 Adoption rate of minimally invasive lithotripsy techniques |
8.3 Number of healthcare facilities offering lithotripsy services |
9 India Lithotripsy Devices Market - Opportunity Assessment |
9.1 India Lithotripsy Devices Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Lithotripsy Devices Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Lithotripsy Devices Market Opportunity Assessment, By End User, 2021 & 2031F |
10 India Lithotripsy Devices Market - Competitive Landscape |
10.1 India Lithotripsy Devices Market Revenue Share, By Companies, 2024 |
10.2 India Lithotripsy Devices Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |