Shock Wave Therapy Devices Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Shock wave therapy also called extracorporeal shock wave therapy (ESWT) is a non-invasive treatment that is used in wide areas of medical field that includes physical therapy, orthopedics, cardiology, and urology. Shock wave therapy is an alternative treatment for orthopedic surgeries. The term extracorporeal signifies the external shock generation, and the resultant shock waves are then transmitted to the internal parts of the body via intermediate pads through the skin. Shock wave therapy is undertaken mainly by patients suffering from tendons and joints disorders. This therapy is known to perform very efficient mobility restoration and pain management. The shock wave therapy is carried out with the help of specialized devices called shock wave therapy devices. These devices intend to treat several indications that leads to chronic and acute pain and as well as helps to speed up the process of recovery within patients suffering from chronic and sub-chronic conditions of painful bones, spots, myoskeletal tissues and soft tissues. The shock wave therapy provides faster healing, revascularization and regeneration of the bones, ligaments and tendons.

MARKET SCOPE

The "Global Shock wave therapy devices Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Shock wave therapy devices market with detailed market segmentation by type, technology, end user, and geography. The report provides key statistics on the market status of the leading Shock wave therapy devices market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on type, the global Shock wave therapy devices market is segmented into mobile shock wave therapy devices, fixed shock wave therapy devices.
  
•   Based on technology, the market is categorised into electrohydraulic technique, electromagnetic technique, radial technique, piezoelectric technique.
  
•   Based on end user, the market is categorised into physiotherapy centers, hospitals and clinics, ambulatory surgical centers, others end users.
  

MARKET DYNAMICS

Drivers

•   Rise in prevalence of arthritis and musculoskeletal disorders.
  
•   The demand for non-invasive and hassle-free techniques.
  
•   Demand for technologically advanced devices for pain management.
  
•   Increase in research in the field of shockwave therapy.
  

Restraints

•   Higher cost of shock wave therapy devices.
  
•   Lack of skilled workforce to operate the devices.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Shock wave therapy devices market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Shock wave therapy devices market in these regions.

IMPACT OF COVID-19 ON SHOCK WAVE THERAPY DEVICES MARKET

As a result of the COVID-19 pandemic many specialty surgical procedures have experienced a rapid decline in case volumes. This has important implications on the short-term and long-term economic stability of shockwave therapy procedures across all healthcare practice settings. Due to lockdown imposed by the governments across the world many shockwave therapy procedures were delayed, and supply chain restriction has limited the availability of resources needed to deliver shockwave therapy services. Moreover, the COVID-19 pandemic has disrupted the healthcare sector since all healthcare settings were prioritizing for the treatment of COVID 19, which has delayed several diagnostics and therapeutic procedures.

MARKET PLAYERS

The report covers key developments in the Shock wave therapy devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Shock wave therapy devices market are anticipated to lucrative growth opportunities in the future with the rising demand for Shock wave therapy devices in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Shock wave therapy devices market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Boston Scientific Corporation
  
•   C.R. Bard Inc.
  
•   Dornier MedTech GmbH
  
•   Lumenis Ltd.
  
•   Medtrue Enterprise Co. Ltd.
  
•   Olympus Corporation
  
•   Cook Group Inc.
  
•   Edaptms TMS
  
•   Siemens AG
  
•   Karl Storz GmbH and Co. KG.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Shock Wave Therapy Devices Report Scope