Shock Wave Therapy Devices Market Sales Volume, Sales Price, Sales Revenue Analysis
Rise in prevalence of arthritis and musculoskeletal disorders to fuel growth of shock wave therapy devices market
According to Health and Safety Executive, the UK, 41% of ill health was encountered among the UK employees due to work related musculoskeletal disorders (WRMSD), accounting for around 1,311,000 cases in 2014. Furthermore, according to the Center for Disease Control (CDC) around 22.7% of adults are reported with some or the other kind of arthritis, accounting for 54.4 million cases during 2013-2015. The high prevalence rate of musculoskeletal disorders creates a highly conducive environment for growth of shock wave therapy devices market.
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The global shockwave therapy devices market can be segmented on the basis of product type, technology, end user and geographical regions.
On the basis of product type,
-> Mobile Shockwave Therapy Devices
-> Fixed Shockwave Therapy Devices
On the basis of technology,
-> Electromagnetic Technique
-> Electrohydraulic Technique
-> Piezoelectric Technique
-> Radial Technique
The demand for non-invasive and hassle-free techniques responsible for driving the global shock wave therapy market
The demand for technologically advanced treatment for pain management and non- invasive nature of this therapy is the prime factor that is responsible to drive the global shock therapy market. The ability of shock waves therapy devices to increase cellular activity of the body and metabolic stimulation is also responsible to attract a large population. Furthermore, increase in the rate of prevalence of bone diseases as well increasing geriatric population are also playing a pivotal role to boost the global shock wave therapy devices market. However, the high cost of the therapy and lack of skillful workers to operate these devices could hinder the market growth up to some extent.
Key players operating the global shock wave therapy devices market includes:
-> C.R. Bard Inc.
-> Boston Scientific Corporation
-> Lumenis Ltd.
-> Dornier MedTech GmbH
-> Olympus Corporation
-> Medtrue Enterprise Co. Ltd.
-> Edaptms TMS
-> Cook Group Inc.
-> Karl Storz GmbH
-> Seimens AG.
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