Global lithotripsy market to be valued at $2.3b by 2031

Thanks to an increased incidence of kidney stones.

The global lithotripsy market is expected to reach $2.3b by 2031 at a compound annual growth rate of 6.6%, said The Insight Partners.

The sector’s expansion is attributed to an increased incidence of kidney stones, technological advancements, and a growing preference for minimally invasive procedures.

“Patients increasingly prefer lithotripsy due to its relatively safe profile, lower cost, and faster recovery, in contrast to traditional surgical methods,” the report said.

Meanwhile, companies in the market are pivoting toward collaborations with healthcare providers, device manufacturers, and research institutions.

By end user, the hospitals segment accounted for the largest market share in 2023.