Extracorporeal Shock Wave Therapy Device Market Share, Insight, Report, Trends, Analysis, & Forecast

SKU: DMMD3124 | Last Updated On: May 24 2022 | Available Formats

> Global Extracorporeal Shock Wave Therapy Device Market Expected to reach a high CAGR of 5.2% By 2029: DataM Intelligence

Global Extracorporeal Shock Wave Therapy Device Market is segmented By Product (Table-top portable ESWT, Hand-push type ESWT), By End-user (Physiotherapy clinics, Specialty clinics, Hospitals), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Global Extracorporeal Shock Wave Therapy Device Market is expected to grow at a CAGR of 5.2% during the forecasting period (2022-2029).

The extracorporeal shock wave therapy device is an electronic device used to produce low-energy sound waves that interact directly through a gel medium with an individual's affected area. As it can be used in orthopedics, physiotherapy, urology, sports drugs, veterinary medicines, rehabilitation centers, plastic surgery and others, shockwave therapy has multidisciplinary usage. It is a non-surgical procedure for treating soft tissue injuries, chronic pain and the reparative phase of affected bones and tendons.

 

Market Dynamics

The major factors propelling the growth of the extracorporeal shock wave therapy device market are the growing demand for hassle-free techniques and the rise in the prevalence of arthritis and musculoskeletal disorders. Moreover, a rise in the incidence of chronic muscular & tendon disorders, back & neck pains coupled with sports injuries is expected to robust the market's growth. The global market for extracorporeal shock wave therapy products increases in demand, mostly due to the substantial growth in medical industry R&D activities. The rising prevalence of bone disorders among senior citizens, such as arthritis, raises the need for extracorporeal shock wave therapy equipment for knee problems. Furthermore, technical developments such as integrating laser technology with a shock wave system are fueling the market's growth.

Demand for Hassle-Free Techniques is Driving the Market Growth

The growth of the global shock wave therapy system industry is driven by advances in research and development activities, increased use of modern equipment in hospitals and clinics, and improved medications. Because of the demand for technologically advanced treatment methods, the market is expected to record substantial growth.  In the geriatric population, the growing prevalence of bone diseases provides an impetus for business development. The device for shock wave therapy also helps increase cellular activity in the body, which further aids the development of the industry of shock wave therapy devices.

The high cost of shock wave therapy devices

The higher cost of shock wave therapy devices can hamper demand for shock wave therapy devices and limit the growth of the global market for shock wave therapy. The lack of professional personnel to operate the equipment can also impede global shock wave therapy equipment growth.

COVID-19 Impact Analysis

The outbreak of COVID-19 has negatively impacted the growth of the Extracorporeal Shock Wave Therapy Device market globally. The disruption in the supply chain has majorly impacted the growth of the market amidst the pandemic. Therefore, the COVID-19 pandemic hampered the Extracorporeal Shock Wave Therapy Device market's market value in 2020.

Segmentation Analysis

Based on the product, the Extracorporeal Shock Wave Therapy Device market has been classified into Table-Top/Portable ESWT Device and Hand-Push Type ESWT Device.

The Table-Top/portable Extracorporeal Shock Wave Therapy Device segment is projected to be the dominant segment in the market during the forecast period.

Table-top/portableExtracorporeal Shock Wave Therapy Device dominated the global market in 2019. In contrast, the Hand-push type Extracorporeal Shock Wave Therapy Device is expected to present considerable growth shortly. The Table-top/Portable Shock Wave Therapy System activates the affected tissues' metabolic reaction to crack calcific deposition by producing cavitation bubbles. The devices push an analgesic response mechanism to block body pain signals. Thus, gaining a potential demand from end-use industries.  

Extracorporeal Shock Wave Therapy Device is segmented based on End-user, including physiotherapy clinics, specialty clinics and hospitals.

Physiotherapy clinics are expected to dominate the Extracorporeal Shock Wave Therapy Device market.

Physiotherapy Clinics held the dominant position in the global market during the forecast period. Moreover, specialty clinics are expected to project a considerable CAGR during the forecast period. The development of healthcare infrastructure in Asian countries is expected to propel the segment growth shortly.

 

Geographical Analysis

Based on geography, the study analyzes the Extracorporeal Shock Wave Therapy Device market in the global market, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

North America is expected to dominate the global Extracorporeal Shock Wave Therapy Device market.

North America is controlling and contributing the leading shares to the global market for shock wave therapy devices in terms of sales. It is expected to report substantial growth over a forecast period due to the growing demand for alternative treatment for minor surgeries in the area, such as shock wave therapy devices. Europe also contributed modest shares and reported a healthy growth rate, led by North America, in the global market for shock wave therapy equipment. Additionally, Due to the growing prevalence of geriatric population and bone injuries in Asia Pacific countries such as India and China, the Asia Pacific has become the lucrative market for shock wave therapy devices and is projected to register significant shares over the forecast period.

 

Competitive Landscape

The Extracorporeal Shock Wave Therapy Device market is highly competitive, owing to big food brands' presence. The key Extracorporeal Shock Wave Therapy Device players contributing to the growth of the global market include Share Co. Ltd., BTL, Starz Medical, EMS Electro Medical Systems, MTS Medical, Zimmer MedizinSystem, GYMNA, LIKAMED GMBH, INCELER MEDIKAL, HANIL-TM and HNT MEDICAL, among others. The major players are adopting new product launch and expansion strategies for global growth in the Extracorporeal Shock Wave Therapy Device market.  

Intelect® RPW 2 (Chattanooga):

Nature In Bottle is a brand of Chattanooga.  The company offers a product that combines streamlined design with ergonomics and patient-comfort with ease-of-use. It indicates disorders of tendons insertions, plantar fasciitis, pulse vibration massage and others.

Product Portfolio: The Company’s portfolio comprises Clinical electrotherapy, portable electrotherapy, high power laser therapy and Hot & cold therapy etc.

Why Purchase the Report?

  • Visualize the Extracorporeal Shock Wave Therapy Device market segmentation composition by Product, End-user, and region, highlighting the critical commercial assets and players.
  • Identify commercial opportunities in the extracorporeal shock wave therapy device market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of extracorporeal shock wave therapy device market - level 3 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The global Extracorporeal Shock Wave Therapy Device market report would provide access to an approx: 51 market data table, 45 figures and 180 pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

Trending Topics

Disposable Medical Sensors Market

Veterinary Antibiotics Market

Vein Finders Market

Did not find what you were looking for?Every 7 out of 10 customers request tailored reports. Get yours today!
We collate your requirements.
Our global research team is put into action.
We deliver, and make sure your endeavour is a success!

Buy This Report

20% Discount Applied*



Note*: For "Bundle/Bulk" Subscription of Reports,
please contact: [email protected]

Get your free sample proposal with a single click!

linkedinpinterest