Market Overview:
The global high energy shockwave therapy unit market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and technological advancements in medical devices. Based on type, the global high energy shockwave therapy unit market is segmented into portable high energy shockwave therapy units and benchtop high energy shockwave therapy units. The portable high energy shockwave therapy unit segment is expected to grow at a higher CAGR than the benchtop high energy ShockWave Therapy Unit segment during the forecast period from 2018 to 2030. This can be attributed to its growing popularity among patients owing to its portability and ease of use. Based on application, the global High Energy ShockWave Therapy Unit Market is divided into hospitals, clinics, and others segments.
Product Definition:
A High Energy Shockwave Therapy Unit is a machine that uses sound waves to treat medical conditions. The importance of using a High Energy Shockwave Therapy Unit is that it can provide an effective treatment for many medical conditions.
Portable High Energy Shockwave Therapy Unit:
The portable high energy shockwave therapy unit is a device that generates extremely high-frequency sound waves, which are then applied to the targeted area. The treatment helps stimulate and re-energize cells in the body, which helps improve various conditions such as arthritis pain, osteoarthritis pain, ankylosing spondylitis pain; back & joint related problems like muscle soreness & sprain and sports injury.
Benchtop High Energy Shockwave Therapy Unit:
The benchtop high energy shockwave therapy unit is a device that generates and utilizes high-energy sound waves for the treatment of various diseases. Shockwave therapy units are used in medical settings to treat a variety of ailments such as cancer, arthritis, pain management, etc. by reducing or eliminating the pain caused by damaged tissues.
Application Insights:
High energy shockwave therapy is used for the treatment of various diseases such as osteoarthritis, rheumatoid arthritis, sports injuries, post-surgical pain and strains and spinal disorders. The others segment includes military applications and other applications. Other high energy shockwave therapy application include cosmetic surgery & dentistry. Clinic & hospital are estimated to be the fastest growing segments owing to advanced equipment availability in clinics along with a highly skilled staff that can administer HESWTU at an outpatient basis compared to other methods such as physical therapies or surgeries which require hospitalization in most cases.
The use of high-powered shockwaves has been proven effective for treating chronic conditions associated with joint inflammation including osteoarthritis and rheumatoid arthritis (RA). Owing to rising awareness about this procedure across the globe coupled with increasing government funding towards R&D initiatives on how best to utilize this technology for treating RA is expected drive demand over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing cases of cancer, rising adoption of advanced technologies, and availability of highly skilled physicians in this region. Moreover, high healthcare expenditure and government support for R&D are some other factors contributing toward the growth of this regional market. For instance, according to statistics published by National Cancer Institute (NCI), it was estimated that more than 2 million new cases will be diagnosed in U.
Growth Factors:
- Increasing incidence of chronic diseases such as cancer, diabetes, and heart disease is expected to drive the demand for high energy shockwave therapy unit market over the forecast period.
- Rising geriatric population is also anticipated to boost the growth of this market owing to increase in prevalence of age-related chronic diseases.
- Growing awareness about benefits offered by high energy shockwave therapy units is projected to propel the demand for these devices in coming years.
- Technological advancements in this field are likely to create new opportunities for players operating in this market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
High Energy Shockwave Therapy Unit Market Research Report
By Type
Portable High Energy Shockwave Therapy Unit, Benchtop High Energy Shockwave Therapy Unit
By Application
Hospital, Clinic, Others
By Companies
Siemens, Dornier MedTech, Lumenis, STORZ MEDICAL, Inceler Medikal, DirexGroup, Medispec, EDAP TMS, GEMSS Co
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global High Energy Shockwave Therapy Unit Market Report Segments:
The global High Energy Shockwave Therapy Unit market is segmented on the basis of:
Types
Portable High Energy Shockwave Therapy Unit, Benchtop High Energy Shockwave Therapy Unit
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Siemens
- Dornier MedTech
- Lumenis
- STORZ MEDICAL
- Inceler Medikal
- DirexGroup
- Medispec
- EDAP TMS
- GEMSS Co
Highlights of The High Energy Shockwave Therapy Unit Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Portable High Energy Shockwave Therapy Unit
- Benchtop High Energy Shockwave Therapy Unit
- By Application:
- Hospital
- Clinic
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Energy Shockwave Therapy Unit Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A High Energy Shockwave Therapy Unit (HESWT) is a device that uses high-energy sound waves to treat various medical conditions. These waves are thought to cause physical and emotional pain, which can help stimulate the body's natural healing processes.
Some of the major companies in the high energy shockwave therapy unit market are Siemens, Dornier MedTech, Lumenis, STORZ MEDICAL, Inceler Medikal, DirexGroup, Medispec, EDAP TMS, GEMSS Co.
The high energy shockwave therapy unit market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Energy Shockwave Therapy Unit Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 High Energy Shockwave Therapy Unit Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 High Energy Shockwave Therapy Unit Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the High Energy Shockwave Therapy Unit Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global High Energy Shockwave Therapy Unit Market Size & Forecast, 2020-2028 4.5.1 High Energy Shockwave Therapy Unit Market Size and Y-o-Y Growth 4.5.2 High Energy Shockwave Therapy Unit Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Portable High Energy Shockwave Therapy Unit
5.2.2 Benchtop High Energy Shockwave Therapy Unit
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Energy Shockwave Therapy Unit Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Energy Shockwave Therapy Unit Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Portable High Energy Shockwave Therapy Unit
9.6.2 Benchtop High Energy Shockwave Therapy Unit
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Portable High Energy Shockwave Therapy Unit
10.6.2 Benchtop High Energy Shockwave Therapy Unit
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Portable High Energy Shockwave Therapy Unit
11.6.2 Benchtop High Energy Shockwave Therapy Unit
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Portable High Energy Shockwave Therapy Unit
12.6.2 Benchtop High Energy Shockwave Therapy Unit
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Portable High Energy Shockwave Therapy Unit
13.6.2 Benchtop High Energy Shockwave Therapy Unit
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Energy Shockwave Therapy Unit Market: Competitive Dashboard
14.2 Global High Energy Shockwave Therapy Unit Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens
14.3.2 Dornier MedTech
14.3.3 Lumenis
14.3.4 STORZ MEDICAL
14.3.5 Inceler Medikal
14.3.6 DirexGroup
14.3.7 Medispec
14.3.8 EDAP TMS
14.3.9 GEMSS Co