What is the expected growth rate of the extracorporeal shock wave therapy device market?
The market is projected to grow at a CAGR of 5.9% from 2023 to 2030, driven by factors like rising chronic pain and the increasing geriatric population.
Which regions are leading the market for shockwave therapy devices?
North America currently holds the largest market share, but Asia Pacific is expected to see significant growth due to its aging population.
Who are the key players in the shockwave therapy device market?
Major players include BTL, Chattanooga, Starz Medical, EMS Electro Medical Systems, and Zimmer MedizinSystem.
What are the major challenges facing the shockwave therapy device market?
The high cost of devices and the lack of trained personnel are some of the key challenges hindering wider adoption.