Shock Wave Therapy Devices Market Industry Top Manufactures C.R. Bard, Boston Scientific, Lumenis , Dornier MedTech, Olympus

Shock wave therapy also called extracorporeal shock wave therapy (ESWT) is a non-invasive treatment that is mostly used to treat kidney stones and also in orthopedics and physical therapy. The term extracorporeal refers to external shock generation, wherein resultant shock waves are transmitted to the internal parts of the body through intermediate pads through the skin. Moreover, patients suffering from chronic pain or acute pain opt for shock wave therapy. These devices are aimed to treat various indications that could lead to chronic and acute pain and also helps to fasten the process of recovery for patients suffering from painful condition such as spots, painful bones, and myoskeletal tissues and soft tissues.

Global shock wave therapy devices market Dynamics

Growing prevalence of arthritis and musculoskeletal disorders to drive growth of the global shock wave therapy devices market

According to Health and Safety Executive, the U.K., in 2014, 41% employees encountered with various diseases associated with musculoskeletal disorders (WRMSD), accounting for around 1,311,000 cases. Furthermore, according to the Center for Disease Control and Prevention (CDC), during 2013-2015, around 22.7% of adults were reported with some or the other kind of arthritis, accounting for 54.4 million. Thus, high prevalence rate of musculoskeletal disorders is creating lucrative environment for growth of the global 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

On the basis of end user,
Hospitals
Physiotherapy Clinics
Ambulatory Care
Radiology Labs
Others

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Global Shock Wave Therapy Devices Market- Regional Insight

Among regions, North America accounts for the largest share in the global shock wave therapy devices market, owing to development of novel technologies and major investments in research and development activities of medical device technology. Furthermore, Asia Pacific region is expected witness the fastest growth during the forecast period, owing to increasing population, changing lifestyle, and development in healthcare infrastructure. According to Population Reference Bureau’s report, global population is projected to increase 33% from 2016 and reach 9.9 billion by 2050. This population is expected to be characterized by a significantly large geriatric population. Moreover, geriatric population is highly vulnerable to injuries, which in turn, is expected to drive growth of the global shock wave therapy devices market during the forecast period.

The demand for non-invasive and hassle-free techniques responsible for driving the global shock wave therapy devices market

Increasing demand novel treatment options for pain management and non-invasive nature of this therapy is expected to fuel growth of the global shock therapy devices market. Shock therapies increases cellular activities and metabolic stimulation in the body, which is attracting a large population. Moreover, increase in the rate of prevalence of bone diseases as well growing geriatric population are boosting the demand for shock wave therapy and thereby driving growth of the market.

However, high cost of the therapy and lack of skillful workers to operate these devices is expected to hamper the global shock wave therapy devices market growth over the forecast period.

The 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, and Seimens AG.

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