The Vietnam shock wave therapy devices market was valued at USD 119.79 Million in 2025 and is expected to grow at a CAGR of 4.30%, reaching USD 182.50 Million by 2035. The market growth is driven by the rising prevalence of musculoskeletal disorders and chronic pain conditions and increasing adoption of non-invasive treatment options across physiotherapy and urology clinics across the region. The market benefits from the growing demand for non-invasive treatments and expanding physiotherapy centers. Advancements in device technology and increasing healthcare spending are expected to boost market growth.
Base Year
Historical Period
Forecast Period
Rising incidence of musculoskeletal disorders, increasing sports injuries, and surging geriatric population with disposable income are boosting demand for non-invasive shock wave devices, significantly accelerating market expansion.
Technological innovations such as portable home use systems, dual-mode focused/radial devices, and cloud-enabled smart interfaces, coupled with wider adoption in aesthetic and rehabilitative clinics, are diversifying applications and fueling market penetration.
The landscape features major global and regional manufacturers offering advanced acoustic energy platforms, compact mobile units, R&D backed precision modulation, and integrated software solutions, driving competitiveness and broader device adoption.
Compound Annual Growth Rate
4.3%
Value in USD Million
2026-2035
*this image is indicative*
Vietnam is experiencing a rising demand for advanced physiotherapy solutions, with shock wave therapy devices gaining significant traction in both public and private healthcare sectors. These devices are increasingly adopted for treating chronic pain, orthopedic conditions, and sports injuries, driven by growing patient awareness and medical infrastructure improvements. The market is expanding steadily, supported by technological innovation, the increasing prevalence of musculoskeletal disorders, and the shift toward non-invasive treatment options. The market is poised to reach USD 182.50 Million by 2035, underscoring its strong future potential. Favorable government healthcare initiatives and the growth of rehabilitation centers further boost adoption.
Rising Knee Osteoarthritis Incidence to Accelerate Market Growth
The growing prevalence of knee osteoarthritis (KOA) is emerging as a key driver of growth in the market. According to Thanh-Van Le et al. (2025), KOA affects approximately 34% of individuals over the age of 40 in Vietnam. This increasing disease burden has heightened the demand for effective, non-invasive treatment options such as shock wave therapy. As patients and healthcare providers seek alternatives to surgery and pharmacological treatments, the adoption of shock wave therapy devices is expected to rise significantly. This contributes substantially to market value and sustained long-term growth across the country.
Major market trends include ease in regulatory landscape, as well as increasing integration of advanced technologies.
Regulatory Reforms to Boost Market Expansion
The regulatory relaxation aimed at improving market access and operational efficiency is a significant trend driving the growth in the market. For instance, in March 2023, the government enacted Decree No. 07/2023/ND-CP, amending Decree 98, to address critical challenges in medical device management. Notable changes include the deferral of the ASEAN Common Submission Dossier Template (CSDT) requirement to January 2024, simplification of import conditions, and clarification of pricing regulations. These reforms are expected to reduce administrative barriers, accelerate device approvals, and support market expansion in the coming years.
Rising Exposure to Advanced Technologies to Elevate Vietnam Shock Wave Therapy Devices Market Value
The market is witnessing a notable trend of increasing international exposure and technology integration. In June 2025, it was revealed that Vietnam will host the Medipharm Expo 2025 in Ho Chi Minh City, showcasing cutting-edge shock wave therapy equipment among other advanced medical technologies. This international exhibition is expected to accelerate innovation exchange and enhance market visibility. Such developments will likely drive sustained market growth in the forecast period.
The market report offers a detailed analysis of the market based on the following segments:
Market Breakup by Technology
Market Breakup by Modality
Market Breakup by Application
Market Breakup by End User
Orthopedics to Lead the Market Segmentation Based on Application
By application, the market is segmented into cardiology, urology, erectile dysfunction, orthopedics, sports medicine, aesthetic medicine, dermatology, and others. Among these, orthopedics is anticipated to dominate the market due to the high prevalence of musculoskeletal disorders, such as work-related musculoskeletal disorders. According to Expert Market Research estimations, it is expected to hold around 50% of the overall market share in the forecast period. This trend is expected to drive significant demand for orthopedic shock wave therapy solutions in the coming years.
The key features of the market report comprise patent analysis, funding and investment analysis, and strategic initiatives by the leading players. The major companies in the market are as follows:
HMS Medical Systems, a leading physiotherapy equipment manufacturer based in India, offers a wide range of advanced therapeutic devices, including pneumatic shockwave therapy machines. Their shockwave therapy solutions are designed for non-invasive pain relief and accelerated healing, making them valuable tools in musculoskeletal rehabilitation. HMS's innovative approach and expanding global presence position the company as a key contributor to the growing shock wave therapy devices market.
Founded in 1987 and based in Tägerwilen, Switzerland, Storz Medical specializes in developing shock wave therapy systems. Its flagship devices, including the Duolith SD1 T-TOP and Masterpuls lines, support non-surgical treatment of musculoskeletal conditions. These technologies significantly contribute to improved outcomes in rehabilitation and orthopedic care worldwide.
BTL Industries, established in 1993 and headquartered in Stevenage, UK, delivers advanced therapeutic technologies, including extracorporeal shockwave therapy (ESWT) systems. These devices are widely used to address soft tissue injuries, chronic tendinopathies, and delayed bone healing. In Vietnam, BTL’s solutions are recognized for improving patient mobility and accelerating recovery in physiotherapy and sports medicine.
Established in 1992, Medispec Ltd. has been at the forefront of non-invasive therapy innovation. Its ED1000 system, designed for erectile dysfunction, is a prominent solution within sexual wellness. With global reach, Medispec’s shockwave technologies are gaining traction in urology and rehabilitation clinics for their effectiveness and patient-friendly design.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market include Medtronic, Siemens Healthineers AG, and Shockwave Medical Inc., among others.
Upto 15% Off
USD
$1999 $1799
$3099 $2789
$4599 $3909
$5999 $5099
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Technology |
|
| Breakup by Modality |
|
| Breakup by Application |
|
| Breakup by End User |
|
| Market Dynamics |
|
| Supplier Landscape |
|
| Companies Covered |
|
Datasheet
One User
USD 1,999
USD 1,799
tax inclusive*
Single User License
One User
USD 3,099
USD 2,789
tax inclusive*
Five User License
Five User
USD 4,599
USD 3,909
tax inclusive*
Corporate License
Unlimited Users
USD 5,999
USD 5,099
tax inclusive*
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Small Business Bundle
Growth Bundle
Enterprise Bundle
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Number of Reports: 3
20%
tax inclusive*
Small Business Bundle
Number of Reports: 5
25%
tax inclusive*
Growth Bundle
Number of Reports: 8
30%
tax inclusive*
Enterprise Bundle
Number of Reports: 10
35%
tax inclusive*
How To Order
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Share