BTL Medical Technologies s.r.o., Zimmer MedizinSysteme GmbH, Dornier MedTech, Electro Medical Systems, Storz Medical AG, and Guangzhou Longest Science & Technology Co., Ltd., among others, are the major players in the global shock wave therapy device market.
The global shock wave therapy device market is expected to grow at a CAGR of about 6% in the forecast period of 2022-2027. As per the analysis by Expert Market Research, the market is expected to be driven by the advancement in research and development activities, increased usage of modern equipment in clinics and hospitals, and improved medications.
Extracorporeal shock wave therapy (ESWT), also known as shock wave therapy, is a non-invasive treatment used in physical therapy, orthopaedics, cardiology, and urology. The technique is well-known for its effectiveness in the treatment of pain. It is done with shock wave therapy devices, which are specialised instruments.
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Due to the demand for technologically advanced treatment procedures, the market is expected to grow significantly. The increasing occurrence of bone diseases in the senior population is propelling the market forward. The shock wave therapy device aids in the increase of cellular activity in the body, which helps in the overall market growth.
Due to the improved medications, advancements in research and development, and greater use of modern instruments in laboratories and hospitals, North America is expected to have a significant revenue share in the market. The global shock wave therapy device industry is expected to grow due to the rising frequency of bone diseases and the senior population in the Asia Pacific. The Asia Pacific region's shock wave therapy device industry is predicted to increase in response to the rising demand for new treatment options. Due to increased medical facilities and awareness throughout the Middle East and Africa, and Latin America, moderate growth is expected.
Headquarters: Neu-Ulm, Bavaria, Germany
As a supplier of medical device system solutions for treatment, diagnostics, and aesthetic medicine, Zimmer MedizinSysteme GmbH has been a trusted partner of therapists and doctors for almost 50 years. The company is a market leader in physiotherapy in Germany and a world market leader in cryotherapy. The company employs 120 medical device consultants in Germany and markets its products in over 80 countries worldwide.
Dornier MedTech, a wholly-owned subsidiary of Advanced MedTech Holdings, is a medical device company known for its revolutionary therapies and pioneering technologies in urology. As the pioneer of the Extracorporeal Shock Wave Lithotripsy non-invasive kidney stone treatment method and leader in Holmium laser urological equipment, Dornier MedTech is one of the most trusted names in the industry. The company specialises in shockwave therapy, urology, stone management, orthopaedics, medical lasers, and urology lasers, among others.
Headquarters: Nyon, Switzerland
Electro Medical Systems sets new standards in the design, production, and sale of devices used for dental and medical treatments. The company offers valuable solutions in the fields of urology, dental prevention, and shock wave therapy. The company is the market leader in endoscopic lithotripsy. Electro Medical Systems has shaped history and impacted the future of stone management with its LaserClast and LithoClast product range. The company is also the innovator of RSWT and developer of the Swiss DolorClast Method to treat muscular-skeletal pathologies and dermatological conditions.
Headquarters: Tägerwilen, Switzerland
Storz Medical AG is a partner company of the Karl Storz Group. The company is a medical technology manufacturer and develops innovative shock wave devices and shock wave systems of the highest precision. The company specialises in cardiology, urology, orthopaedics, veterinary medicine, aesthetic medicine, and dermatology, among others.
Headquarters: Guangzhou, Guangdong, China
Guangzhou Longest Science & Technology Co., Ltd. has extensive experience in developing, manufacturing, and selling specialised physiotherapy and rehabilitation equipment. The company operates in 2 segments: physiotherapy and medical aesthetics. Its products for physical therapy include heat therapy, electrotherapy, magnetic therapy, and shockwave, among others. The company also specialises in rehabilitation equipment, neurorehabilitation, veterinary equipment, and sports recovery, among others.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.