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The global market for shock wave therapy device is anticipated to grow in the forecast period owing to driving factors like the rising demand for hassle-free and advanced treatment methods. The rising prevalence of bone diseases, especially in the Asia Pacific region, is expected to contribute to the growth of the market. Moreover, advancements in technology and an increase in R&D activities are expected to further drive the market growth. In addition, shock wave therapy device also helps in increasing cellular activity in the body, which, as a result, is leading to the greater adoption of shock wave therapy devices and aiding the market growth. Shock wave therapy devices targeted towards pain relief and alleviating sports-related injuries are also easily found on online platforms like Amazon.com (NASDAQ: AMZN), which is expected to further propel the market growth.
BTL Medical Technologies s.r.o. is one of the leading players in the shock wave therapy device industry. In the Arab Health Expo 2021, held in Dubai, the company presented its therapeutic treatment equipment- BTL’s Super Inductive System, which is designed to manage a variety of conditions, including pain and other orthopaedic conditions. In October 2018, Dornier MedTech, a global leader in urology, was awarded the best presentation prize at the 13th South Eastern European Meeting, showcasing its Aries 2 device, aimed at low-intensity shockwave therapy for erectile dysfunction. The rapid technological advancements by the key players are, thus, likely to boost the market in the coming years.
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The major players in the global shock wave therapy device market are BTL Medical Technologies s.r.o., Zimmer MedizinSysteme GmbH, Dornier MedTech GmbH, Electro Medical Systems S.A., Storz Medical AG, and Guangzhou Longest Science & Technology Co. Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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