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Extracorporeal Shock Wave Therapy Device Market is segmented By Product (Table-top portable ESWT, Hand-push type ESWT), By End-user (Physiotherapy clinics, Specialty clinics, Hospitals), and By Region (North America, Latin America, Europe, Asia Pacific, M

01-16-2023 02:53 PM CET | Health & Medicine

Press release from: Analytics Market Research

Global Extracorporeal Shock Wave Therapy Device Market

Global Extracorporeal Shock Wave Therapy Device Market

Extracorporeal Shock Wave Therapy Device Market Growth Analysis Outlook
Market size for extracorporeal shock wave therapy devices was estimated at USD 119.3 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.90% from 2023 to 2032. The extracorporeal shock wave therapy device is an electronic device that generates low-energy sound waves that interact with an individual's affected area directly through a gel medium. Shockwave therapy has a broad use because it can be utilised in orthopaedics, physiotherapy, urology, sports medications, veterinary medicines, rehabilitation centres, plastic surgery, and other fields. It is a non-surgical method for treating chronic pain, soft tissue injuries, and the healing stage of hurt tendons and bones.

The market study analysis for extracorporeal shock wave therapy devices provides a comprehensive market overview with both quantitative and qualitative data. Based on market segmentation by product, end user, and region, it provides a perspective and prediction for the global market. Additionally, it offers market size and growth projections for the Extracorporeal Shock Wave Therapy Device Market for major nations including the United States, Canada, Brazil, Germany, Italy, Spain, United Kingdom, Russia, European countries, United Arab Emirates, Saudi Arabia, South Africa, Japan, China, India, South Korea, Australia, and the rest of the world through 2032.

Market Dynamics
The market for extracorporeal shock wave therapy devices is expanding as a result of the rising prevalence of musculoskeletal ailments and arthritis as well as the rising demand for hassle-free treatments. In addition, an increase in the prevalence of back and neck discomfort, chronic muscle & tendon disorders, and sports injuries is anticipated to support the market's growth. Extracorporeal shock wave therapy products are in greater demand globally, mostly as a result of the rapid expansion of R&D activities in the medical sector. Extracorporeal shock wave therapy equipment for knee issues is more necessary as bone ailments like arthritis are becoming more common in older people. The industry is also expanding due to technological advancements like the combination of laser technology and shock wave systems.

Demand for hassle-free techniques is driving the market growth
The improvement of drugs, greater usage of contemporary technology in hospitals and clinics, and advancements in research and development activities all contribute to the expansion of the global shock wave therapy system market. The market is anticipated to expand significantly due to the desire for cutting-edge treatment options. The rising incidence of bone illnesses in the elderly population serves as a catalyst for corporate growth. The shock wave therapy device also encourages the body's cells to work harder, which promotes the growth of the shock wave therapy device sector.

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Global Extracorporeal Shock Wave Therapy Device Market: Segmentations

Global Extracorporeal Shock Wave Therapy Device Market: By Key Players
Chattanooga(DJO)(US)
BTL(UK)
Storz Medical(Switzerland)
EMS Electro Medical Systems(Switzerland)
MTS Medical(Germany)
Zimmer MedizinSysteme(Germany)
Gymna(Belgium)
Likamed GmbH(Germany)
Inceler Medikal(Turkey)
HANIL-TM(Korea)
HnT Medical(Korea)
Urontech(Korea)
Wikkon(China)
Longest(China)
Xiangyu Medical(China)
Shengchang Medical(China)

Global Extracorporeal Shock Wave Therapy Device Market: By Types
Table-top/Portable ESWT Device
Hand-push Type ESWT Device

Global Extracorporeal Shock Wave Therapy Device Market: By Applications
Medical Institutions
Physical Therapy and Sports Center

Global Extracorporeal Shock Wave Therapy Device Market: Regional Analysis
The countries covered in the regional analysis of the Global Extracorporeal Shock Wave Therapy Device market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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COVID-19 Impact Analysis
The global market for extracorporeal shock wave therapy devices has suffered because to the COVID-19 outbreak. The pandemic's effects on the supply chain have had a significant negative influence on the market's expansion. Therefore, the COVID-19 pandemic reduced the market value of extracorporeal shock wave therapy devices in 2020.

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