Extracorporeal Shock Wave Therapy Market Trends, Strategies, Opportunities For 2022-2028

The research report "Global Extracorporeal Shock Wave Therapy Market by Type (Mobile Shock Wave Therapy Devices, Fixed Shock Wave Therapy Devices), by Technology (Electromagnetic Technique, Electrohydraulic Technique, Piezoelectric Technique, Radial Technique), by Application (Kidney Stones, Pancreatic Stones, Uretic Stones, Salivary Stones, Musculoskeletal Disorders), by End-user (Hospitals, Physiotherapy Centres, Ambulatory Surgical Centres,Clinics, Radiology Labs, Others) and Geography- Global/Region/Country Forecast to 2028." The global extracorporeal shock wave therapy market size was estimated at USD 102.24 Mn in 2021, growing at a CAGR rate of 6.3% during the forthcoming years 2022-2028.

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Growing demand for the advanced technological treatment for pain management projected to impel the ESWT Market:
Extracorporeal shock wave therapy helps to treat gall and kidney stones. Such therapy is useful in for the treatment of several musculoskeletal conditions such as Achilles tendinopathy, rotator cuff tendinitis, plantar fasciitis, tennis elbow, patellar tendinopathy and bony non-unions. This therapy works as an alternative for surgery and helps to get fast recovery from muscle, joint and tendon disorders. Extracorporeal shock wave therapy (ESWT) market has obtained immense popularity by the sport athletes and clinicians due to the increase in sports-related injuries. Increase in the prevalence of musculoskeletal disorders rate fuels the shock wave therapy devices market growth. High and abrupt amplitude mechanical energy pulses are generated through electromagnetic coil for managing and reducing the pain in ESWT process.

One of the critical factors boosting the ESWT market growth is increase in the prevalence of arthritis. A few other prime factors anticipated to boost the ESWT market growth over the forthcoming period are the non-invasive nature of the therapy and growing demand for advanced technological treatment to manage pain. ESWT helps to increase cellular activity of the body and metabolic stimulation which results into increasing the demand for ESWT devices. Growing geriatric population is highly prone to the injuries and consequently creates a positive environment for the global shock wave therapy market growth. However, high cost of the therapy and dearth of skilled professionals to handle and operate the device can hamper the ESWT market growth over the evaluation time span.

North America got major share in the Extracorporeal Shock Wave Therapy Market:
On the basis of regional analysis, ESWT market is classified into major regions such as Europe, North America, Latin America, Asia Pacific, Middle East and Africa. Among all these regions, North America is dominating the global market by witnessing largest share because of the key investments in R&D of medical device technology and technological developments. India and China, emerging markets in Asia Pacific are expected to reveal high growth. Economies such as Mexico and Brazil in Latin America have major potential because of the developing medical infrastructure.

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Competitive Analysis - Extracorporeal Shock Wave Therapy Market:
Key players working in the extracorporeal shock wave therapy market are Dornier MedTech GmbH (Germany), Boston Scientific Corporation (U.S.), Cook Group Inc. (U.S.), C.R. Bard Inc. (U.S.), Medtrue Enterprise Co. Ltd. (U.K.) and Olympus Corporation (Japan).

Competitive Analysis - Diabetic Retinopathy Market
A few major players working in the diabetic retinopathy market are Abbott Laboratories (U.S.), Alimera Sciences (U.S.), Allergan plc (Ireland.), Ampio Pharmaceuticals. (U.S.), Bayer AG (Germany), F. Hoffmann-La Roche (Switzerland), Novartis AG (Switzerland), Pfizer Inc. (U.S.), Regeneron Pharmaceuticals Inc. (U.S.) and Valeant (Canada).

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