Shock Wave Therapy Devices Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3189
Shock Wave Therapy Devices Market size is projected to experience significant growth from 2017 to 2024.
Shock wave therapy devices size should witness significant growth due to rising incidences of disorders such as musculoskeletal diseases, orthopedic disorders, lithotripsy and erectile dysfunction. The increasing prevalence of musculoskeletal disorders can be attributed to long-working hours, sedentary lifestyles and obesity. A worldwide upsurge in obese population has elevated the prevalence of orthopedic surgeries. Obese adults and a large number of geriatric population are prone to experience musculoskeletal pain which will augment shock wave therapy devices market growth.
Shock wave therapy is also being increasingly applied to treat the erectile dysfunction in males. Erectile dysfunction is found to be known more in men in elder ages and those showing lack of physical activity. Smoking, overweight and alcohol consumption is also an increasing factor associated with this disorder. An upward trend in the erectile dysfunction will garner the shock wave therapy devices market revenue.
Shock wave therapy device technology and treatment has upgraded significantly in recent years. Applications of this therapy are being expanded in the recent years that will enhance the scope of the shock wave therapy devices market. For instance, use of shock wave therapy is extended to pancreatic stones, salivary stones, erectile dysfunction, refractory angina as well as chronic wound healing. Rising investments in the R & D activities for development of medical devices will favor the shock wave therapy devices market growth.
Expensive treatment cost and the side effects following the therapy can hinder the shock wave therapy devices market growth.
Focused Shock Wave Generation is the largest shock wave therapy market share generating segment due to the advantages offered in comparison with the other shock wave therapy technologies.
Orthopedic segment is the highest market revenue generating segment owing to increased incidence of various orthopedic diseases in the geriatric population.
The portable shock wave therapy devices are estimated as the major market share generating segment considering the convenience and mobility factors of the shock wave therapy devices.
The physiotherapy segment is expected to witness a significant growth in the forthcoming years owing to an increased population exhibiting orthopedic diseases as well as injuries.
Canada is estimated to drive the North America shock wave therapy market considering the industry players and patients showing orthopedic and urological disorders.
UK is anticipated to show a significant market growth in the Europe shock wave therapy device market.
Some of the key industry players include Boston Scientific Corporation, Lumenis, Dornier MedTech, Olympus Corporation, Medtrue Enterprise, Edaptms TMS, Karl Storz, Sanuwave Health, Seimens AG, United medical Systems and Zimmer. The industry players focus on development of the existing products and new product launches to grow in the shock wave therapy devices market. For instance, in December 2018, Dermapace, a product by Sanuwave Health for treating diabetic foot ulcers received an FDA approval for marketing the product.
Shock wave therapy devices by Technology, 2013-2024 (USD Million)
- Focused Shock Wave Generation
- Radial or Ballistic Shock Wave Generation
- Combined Shock Wave Generation
Shock wave therapy devices by Application, 2013-2024 (USD Million)
- Erectile Dysfunction
Shock wave therapy devices by Modality, 2013-2024 (USD Million)
- Portable Shock Wave Device
- Fixed Shock Wave Device
Shock wave therapy devices by End use, 2013-2024 (USD Million)
- Physiotherapy Clinics
- Ambulatory Care
- Radiology Labs
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Boston Scientific Corporation
- Dornier MedTech
- Edaptms TMS
- Karl Storz
- Medtrue Enterprise
- Olympus Corporation
- Sanuwave Health
- Seimens AG
- United medical Systems
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