Market Overview:
The global shock wave therapy device market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of chronic diseases, rising geriatric population, and technological advancements in shock wave therapy devices. Based on type, the global shock wave therapy device market is segmented into mobile shock wave therapy devices and fixed shock wave therapy devices. The mobile Shock Wave Therapy Devices segment is expected to grow at a higher CAGR than the Fixed Shock Wave Therapy Devices segment during the forecast period from 2018 to 2030. This can be attributed to factors such as technological advancements in mobile Shock Wave Therapy Devices and their growing adoption for various applications such as hospitals, physiotherapy centers, clinics, radiology labs, and others.
Product Definition:
Shockwave therapy device is a medical device that uses shock waves to treat various conditions. The shock waves are directed at the affected area and help to break up the tissues, which can help to reduce inflammation and pain. Shockwave therapy may also help to promote healing in the area.
Mobile Shock Wave Therapy Devices:
Mobile shock wave therapy devices are the latest technology in pain management. They were initially developed for use in sports medicine to treat muscle sprains and strains, but they have been found effective for use as a primary treatment for chronic back and neck pain as well. Mobile shock wave therapy devices produce short, intense waves of pressure that are designed to break up adhesions (bands of scar tissue) that build up around muscles, tendons or nerves.
Fixed Shock Wave Therapy Devices:
A shock wave is a traveling wave that is generated by an electric current passed through water. The main function of shock wave therapy devices includes the treatment of bone and soft tissue injuries. It also helps in reducing inflammation, pain, and swelling caused due to various chronic conditions such as arthritis, osteoarthritis, back problems & joint disorders and sports injuries.
Application Insights:
The others application segment held the largest share of shockwave therapy devices market in 2017. This can be attributed to the growing adoption of SHT for various conditions, such as arthritis and bone metastasis. The hospitals segment is expected to grow at a lucrative rate over the forecast period owing to increasing prevalence of cancer and other life-threatening diseases that require high dosage of radiation treatment. According to WHO, around 1 in 6 deaths occur due to cancer worldwide every year, with most of these cases occurring in developing countries like China and India. Thus, increasing incidences related with mortality due to curable diseases will boost industry growth over the forecast period (2017-2030).
Regional Analysis:
North America dominated the global market in 2017 owing to the increasing prevalence of osteoporosis and other bone-related disorders. According to National Osteoporosis Foundation, more than 10 million women are suffering from osteoporosis in the U.S., with an average age of onset being between 50 and 60 years. Thus, it is highly recommended for patients suffering from this condition to undergo shockwave therapy sessions for faster recovery times.
Asia Pacific is expected to witness lucrative growth over the forecast period owing its rapidly developing healthcare infrastructure coupled with rising patient awareness levels regarding various treatment options available in Japan.
Growth Factors:
- Increasing incidence of chronic pain: The global prevalence of chronic pain is estimated to be around 20%. This number is expected to grow in the coming years due to the increasing aging population and rising rates of lifestyle-related diseases. This will create a large pool of patients who can benefit from shockwave therapy devices.
- Growing awareness about the benefits of shockwave therapy: There is growing awareness about the benefits of shockwave therapy among both healthcare professionals and patients. This is helping to drive demand for these devices.
- Technological advancements: The technology behind shockwave therapy devices continues to evolve, with new features and applications being developed all the time. This is helping to increase their popularity among both healthcare professionals and patients alike.
- Rising demand for minimally invasive treatments: There is a growing trend towards minimally invasive treatments, as they are associated with fewer side effects than traditional surgery or other treatment options available today.. Shockwave therapy devices offer an attractive alternative to traditional treatments, making them increasingly popular among consumers worldwide . 5) Cost-effective compared with other treatment options: Shockwave Therapy Devices are one most cost effective device on market
Scope Of The Report
Report Attributes
Report Details
Report Title
Shockwave Therapy Device Market Research Report
By Type
Mobile Shock Wave Therapy Devices, Fixed Shock Wave Therapy Devices
By Application
Hospitals, Physiotherapy Centers, Clinics, Radiology Labs, Others
By Companies
Boston Scientific Corporation, C.R. Bard Inc., Dornier MedTech GmbH, Lumenis Ltd., Medtrue Enterprise Co. Ltd., Olympus Corporation, Cook Group Inc., Edaptms TMS, Siemens AG, Karl Storz
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
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Shockwave Therapy Device Market Report Segments:
The global Shockwave Therapy Device market is segmented on the basis of:
Types
Mobile Shock Wave Therapy Devices, Fixed Shock Wave Therapy Devices
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
Hospitals, Physiotherapy Centers, Clinics, Radiology Labs, 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:
- Boston Scientific Corporation
- C.R. Bard Inc.
- Dornier MedTech GmbH
- Lumenis Ltd.
- Medtrue Enterprise Co. Ltd.
- Olympus Corporation
- Cook Group Inc.
- Edaptms TMS
- Siemens AG
- Karl Storz
Highlights of The Shockwave Therapy Device 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:
- Mobile Shock Wave Therapy Devices
- Fixed Shock Wave Therapy Devices
- By Application:
- Hospitals
- Physiotherapy Centers
- Clinics
- Radiology Labs
- 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 Shockwave Therapy Device 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.
How you may use our products:
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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 Shockwave Therapy Device is a machine that uses high-frequency sound waves to treat physical injuries. The sound waves cause the body to release energy, which can help heal the injury.
Some of the major companies in the shockwave therapy device market are Boston Scientific Corporation, C.R. Bard Inc., Dornier MedTech GmbH, Lumenis Ltd., Medtrue Enterprise Co. Ltd., Olympus Corporation, Cook Group Inc., Edaptms TMS, Siemens AG, Karl Storz.
The shockwave therapy device market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Shockwave Therapy Device 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 Shockwave Therapy Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Shockwave Therapy Device 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 Shockwave Therapy Device 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 Shockwave Therapy Device Market Size & Forecast, 2018-2028
4.5.1 Shockwave Therapy Device Market Size and Y-o-Y Growth
4.5.2 Shockwave Therapy Device Market Absolute $ Opportunity
Chapter 5 Global Shockwave Therapy Device 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 Shockwave Therapy Device Market Size Forecast by Type
5.2.1 Mobile Shock Wave Therapy Devices
5.2.2 Fixed Shock Wave Therapy Devices
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Shockwave Therapy Device 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 Shockwave Therapy Device Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Physiotherapy Centers
6.2.3 Clinics
6.2.4 Radiology Labs
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Shockwave Therapy Device 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 Shockwave Therapy Device 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 Shockwave Therapy Device Analysis and Forecast
9.1 Introduction
9.2 North America Shockwave Therapy Device 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 Shockwave Therapy Device Market Size Forecast by Type
9.6.1 Mobile Shock Wave Therapy Devices
9.6.2 Fixed Shock Wave Therapy Devices
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 Shockwave Therapy Device Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Physiotherapy Centers
9.10.3 Clinics
9.10.4 Radiology Labs
9.10.5 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 Shockwave Therapy Device Analysis and Forecast
10.1 Introduction
10.2 Europe Shockwave Therapy Device 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 Shockwave Therapy Device Market Size Forecast by Type
10.6.1 Mobile Shock Wave Therapy Devices
10.6.2 Fixed Shock Wave Therapy Devices
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 Shockwave Therapy Device Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Physiotherapy Centers
10.10.3 Clinics
10.10.4 Radiology Labs
10.10.5 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 Shockwave Therapy Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Shockwave Therapy Device 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 Shockwave Therapy Device Market Size Forecast by Type
11.6.1 Mobile Shock Wave Therapy Devices
11.6.2 Fixed Shock Wave Therapy Devices
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 Shockwave Therapy Device Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Physiotherapy Centers
11.10.3 Clinics
11.10.4 Radiology Labs
11.10.5 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 Shockwave Therapy Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Shockwave Therapy Device 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 Shockwave Therapy Device Market Size Forecast by Type
12.6.1 Mobile Shock Wave Therapy Devices
12.6.2 Fixed Shock Wave Therapy Devices
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 Shockwave Therapy Device Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Physiotherapy Centers
12.10.3 Clinics
12.10.4 Radiology Labs
12.10.5 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) Shockwave Therapy Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Shockwave Therapy Device 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) Shockwave Therapy Device Market Size Forecast by Type
13.6.1 Mobile Shock Wave Therapy Devices
13.6.2 Fixed Shock Wave Therapy Devices
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) Shockwave Therapy Device Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Physiotherapy Centers
13.10.3 Clinics
13.10.4 Radiology Labs
13.10.5 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 Shockwave Therapy Device Market: Competitive Dashboard
14.2 Global Shockwave Therapy Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Boston Scientific Corporation
14.3.2 C.R. Bard Inc.
14.3.3 Dornier MedTech GmbH
14.3.4 Lumenis Ltd.
14.3.5 Medtrue Enterprise Co. Ltd.
14.3.6 Olympus Corporation
14.3.7 Cook Group Inc.
14.3.8 Edaptms TMS
14.3.9 Siemens AG
14.3.10 Karl Storz
