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Global Shock Wave Therapy Device Market to Grow at a CAGR of 6% During 2020-2025, Driven by the Rising Demand for Hassle-Free Treatment Methods

According to a new report by EMR titled, ‘Global Shock Wave Therapy Device Market Report and Forecast 2020-2025’, the global market for shock wave therapy device is expected to grow at a CAGR of 6% in the forecast period of 2020-2025.

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 2020, 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.

Market Analysis by Technology, Modality, Application, End Use, and Region:

  • The market based on technology can be divided into focused, radial, or ballistic and combined. Focused technology can be further divided into electromagnetic, electrohydraulic, and piezoelectric. 
  • The market on the basis of modality can be bifurcated into portable and fixed.
  • The major application sectors of the industry are orthopaedic, cardiology, erectile dysfunction, and urology, among others. 
  • The major end uses of the industry are hospitals, clinics, and rehab centres, among others.
  • The regional markets for shock wave therapy device include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The shock wave therapy device industry is being driven by the rising demands for hassle-free treatment methods.
  • The rising prevalence of bone diseases and the geriatric population is expected to propel the market forward.
  • The varied applications of shock wave therapy device like increasing cellular activity and boosting metabolism have also contributed to the market demand, pushing the market growth forward.
  • The market is expected to witness further expansion in the coming years due to an increased investment in R&D and technological advancements.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for shock wave therapy device for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the technologies, modalities, applications, end uses and regional markets of shock wave therapy device.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

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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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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