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Global Shock Wave Therapy Device Market Trends, Statistics, Analysis: By Product Type: Mobile Shockwave Therapy Devices, Fixed Shockwave Therapy Devices; By Technology: Electromagnetic Technique, Electrohydraulic Technique, Piezoelectric Technique; Others; By Applications; By End User; Regional Analysis; Supplier Landscape; 2023-2031
Global Shock Wave Therapy Device Market Outlook
The shock wave therapy devices market size attained a value of USD 1.75 billion in 2022. The market is further expected to grow at a CAGR of 7.7% during the forecast period of 2023-2031 to attain a value of USD 3.45 billion by 2031, likely to be driven by the rising demand for physiotherapy across the globe.
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North America Leading the Global Market for Shock Wave Therapy Device
North America is expected to have a major share in the market in terms of revenue owing to improved medications, advancement in R&D, and increased usage of modern instruments in laboratories and hospitals. The rising prevalence of bone diseases and the geriatric population in the Asia Pacific is expected to contribute to the growth of the global shock wave therapy device industry. Moreover, the increasing demand for new treatment options is also expected to spur the shock wave therapy device industry growth in the Asia Pacific region. The Middle East and Africa and Latin America are expected to show moderate growth due to increasing medical facilities and awareness in the regions.
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Shock Wave Therapy Device: Market Segmentation
Shock wave therapy, also known as extracorporeal shock wave therapy (ESWT) is a non-invasive treatment being used in areas like physical therapy, orthopaedics, cardiology, and urology. The therapy is known to be very efficient for pain management. It is carried out using specialised devices called shock wave therapy devices.
By technology, the market can be divided into:
- Focused
- Electromagnetic
- Electrohydraulic
- Piezoelectric
- Radial or Ballistic
- Combined
Based on modality, the market can be divided into:
- Portable
- Fixed
By application, the market is segmented into:
- Orthopaedic
- Cardiology
- Urology
- Others
By end use, the market can be divided into:
- Hospitals
- Clinics
- Rehab Centres
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Demand for Hassle-Free Techniques is Driving the Market Growth
The advancement in research and development activities, increased usage of modern equipment in hospitals and clinics, and improved medications are driving the global shock wave therapy device industry growth. The market is expected to register significant growth owing to the demand for technologically advanced treatment methods. The increasing prevalence of bone diseases in the geriatric population is providing an impetus for the market growth. In addition to this, the shock wave therapy device also helps in increasing cellular activity in the body, which is further aiding the growth of the shock wave therapy device industry.
Key Industry Players in the Global Shock Wave Therapy Device Market
The report gives a detailed analysis of the following key players in the global shock wave therapy device market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- BTL Medical Technologies s.r.o.
- Zimmer MedizinSysteme GmbH
- Dornier MedTech GmbH
- Electro Medical Systems S.A.
- Storz Medical AG
- Guangzhou Longest Science & Technology Co., Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's five forces model, along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2016-2022 |
| Forecast Period | 2023-2031 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Technology |
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| Breakup by Applications |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Shockwave Therapy Devices Market Overview
3.1 Global Shockwave Therapy Devices Market Historical Value (2016-2022)
3.2 Global Shockwave Therapy Devices Market Forecast Value (2023-2031)
4 Global Shockwave Therapy Devices Market Landscape
4.1 Global Shockwave Therapy Devices Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Shockwave Therapy Devices Product Landscape
4.2.1 Analysis by Product Type
4.2.2 Analysis by Application
4.2.3 Analysis by End User
5 Global Shockwave Therapy Devices Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Shockwave Therapy Devices Market Segmentation
6.1 Global Shockwave Therapy Devices Market by Product Type
6.1.1 Market Overview
6.1.2 Mobile Shockwave Therapy Devices
6.1.3 Fixed Shockwave Therapy Devices
6.2 Global Shockwave Therapy Devices Market by Technology
6.2.1 Market Overview
6.2.2 Electromagnetic Technique
6.2.3 Electrohydraulic Technique
6.2.4 Piezoelectric Technique
6.2.5 Radial Technique
6.2.6 Combined
6.2.7 Others
6.3 Global Shockwave Therapy Devices Market by Applications
6.3.1 Market Overview
6.3.2 Orthopedic
6.3.3 Cardiology
6.3.4 Urology
6.3.5 Others
6.4 Global Shockwave Therapy Devices Market by End User
6.4.1 Market Overview
6.4.2 Hospitals
6.4.3 Physiotherapy Clinics
6.4.4 Ambulatory Care
6.4.5 Radiology Labs
6.4.6 Others
6.5 Global Shockwave Therapy Devices Market by Region
6.5.1 Market Overview
6.5.2 North America
6.5.3 Europe
6.5.4 Asia Pacific
6.5.5 Latin America
6.5.6 Middle East and Africa
7 North America Shockwave Therapy Devices Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Shockwave Therapy Devices Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Shockwave Therapy Devices Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Shockwave Therapy Devices Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Shockwave Therapy Devices Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Boston Scientific Corporation
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Dornier MedTech
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 EDAP TMS
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 KARL STORZ SE & Co. KG
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Lumenis
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Olympus Corporation
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 MEDTRUE ENTREPRISE CO., LTD
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 SANUWAVE
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 SANUWAVE Health, Inc.
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Bio-Med Inc.
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Likamed GmbH
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 MTS Medical
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
17.13 Siemens
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
17.13.5 Certifications
18 Global Shockwave Therapy Devices Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The market for shock wave therapy devices reached a value of USD 1.75 billion in 2022, driven by the rising demand for different kind of therapies.
The market is likely to grow at a CAGR of 7.7% during the forecast period of 2023-2031 to attain a value of USD 3.45 billion by 2031, likely to be driven by the rising awareness about the benefits of these devices.
The major drivers of the industry, such as increasing prevalence of bone diseases, advancements in R&D, and demand for hassle-free treatment methods, are expected to aid the market growth.
The key trend guiding the growth of the market is a rise in demand for minor surgeries.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America leading the market.
The major technologies in the market include focused, radial, or ballistic and combined. Focused technology can be further divided into electromagnetic, electrohydraulic, and piezoelectric.
The market can be divided based on modality into portable and fixed by modality.
The major application segments in the industry are orthopaedic, cardiology, and urology, among others.
The leading end use sectors in the industry are hospitals, clinics, and rehab centres, among others.
The major players in the industry 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.
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