Shock Wave Therapy Device Trends and Forecast
The future of the global shock wave therapy device market looks promising with opportunities in the urology, orthopedic, and cardiology markets. The global shock wave therapy device market is expected to reach an estimated $1.7 billion by 2030 with a CAGR of 6.3% from 2024 to 2030. The major drivers for this market are increasing incidence of musculoskeletal diseases, growth in traffic accidents, and rising research and development projects related to shockwave therapy kits or medical equipment.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Shock Wave Therapy Device by Segment
The study includes a forecast for the global shock wave therapy device by technology, type, application, end use, and region.
Shock Wave Therapy Device Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Electrohydraulic Technique
• Piezoelectric Technique
• Radial Technique
• Electromagnetic Shock Waves
Shock Wave Therapy Device Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Mobile Shockwave Therapy Devices
• Fixed Shockwave Therapy Devices
Shock Wave Therapy Device Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Urology
• Orthopedics
• Cardiology
• Others
Shock Wave Therapy Device Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Hospitals
• Clinics
• Others
Shock Wave Therapy Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Shock Wave Therapy Device Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies shock wave therapy device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the shock wave therapy device companies profiled in this report include-
• BTL Industries
• Bio-Med
• Dornier MedTech
• Inceler Medikal
• EMS Dolorclast
• KARL STORZ
• EDAP TMS
• Boston Scientific
• Shockwave Medical
• SANUWAVE & SANUWAVE Health
Shock Wave Therapy Device Market Insights
Lucintel forecasts that electrohydraulic technique will remain the largest segment over the forecast period due to its extensive application for the treatment of lithotripsy in elderly patients receiving orthopedic physical therapy.
Within this market, orthopedic will remain the largest segment due to rises in the geriatric population and growing frequency of bone diseases, musculoskeletal disorders, sports-related injuries, and arthritis.
North America will remain the largest region over the forecast period due to advancements in shockwave therapy device technology and the presence of several major players in the region.
Features of the Global Shock Wave Therapy Device Market
Market Size Estimates: Shock wave therapy device market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Shock wave therapy device market size by various segments, such as by technology, type, application, end use, and region in terms of value ($B).
Regional Analysis: Shock wave therapy device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different technologies, types, applications, end uses, and regions for the shock wave therapy device market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the shock wave therapy device market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the shock wave therapy device market size?
Answer: The global shock wave therapy device market is expected to reach an estimated $1.7 billion by 2030.
Q2. What is the growth forecast for shock wave therapy device market?
Answer: The global shock wave therapy device market is expected to grow with a CAGR of 6.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the shock wave therapy device market?
Answer: The major drivers for this market are increasing incidence of musculoskeletal diseases, growth in traffic accidents, and rising research and development projects related to shockwave therapy kits or medical equipment.
Q4. What are the major segments for shock wave therapy device market?
Answer: The future of the shock wave therapy device market looks promising with opportunities in the urology, orthopedic, and cardiology markets.
Q5. Who are the key shock wave therapy device market companies?
Answer: Some of the key shock wave therapy device companies are as follows:
• BTL Industries
• Bio-Med
• Dornier MedTech
• Inceler Medikal
• EMS Dolorclast
• KARL STORZ
• EDAP TMS
• Boston Scientific
• Shockwave Medical
• SANUWAVE & SANUWAVE Health
Q6. Which shock wave therapy device market segment will be the largest in future?
Answer: Lucintel forecasts that electrohydraulic technique will remain the largest segment over the forecast period due to its extensive application for the treatment of lithotripsy in elderly patients receiving orthopedic physical therapy.
Q7. In shock wave therapy device market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to advancements in shockwave therapy device technology and the presence of several major players in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the shock wave therapy device market by technology (electrohydraulic technique, piezoelectric technique, radial technique, and electromagnetic shock waves), type (mobile shockwave therapy devices and fixed shockwave therapy devices), application (urology, orthopedics, cardiology, and others), end use (hospitals, clinics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Shock Wave Therapy Device Market, Shock Wave Therapy Device Market Size, Shock Wave Therapy Device Market Growth, Shock Wave Therapy Device Market Analysis, Shock Wave Therapy Device Market Report, Shock Wave Therapy Device Market Share, Shock Wave Therapy Device Market Trends, Shock Wave Therapy Device Market Forecast, Shock Wave Therapy Device Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.