Albany, NY – Shock wave therapy devices are the new non-invasive treatment for musculoskeletal pain and is frequently used in physiotherapy, orthopedics, urology, sports medicine and veterinary medicine. It is commonly known as extracorporeal shock wave therapy (ESWT). The term extra-corporeal stands for outside the body as the shockwaves are generated outside the body. Shockwave therapy is an alternative for surgery to those who are suffering from various joint and tendon disorders. These devices are efficient in rapid pain management and mobility restoration. They are used ideally to speed up the recovery process and to cure various indications which leads to acute or chronic pain.
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Other factors positively influencing the growth of the global shockwave therapy device market are increasing global geriatric population, continuously growing healthcare infrastructure, and augmenting use of technologically advanced equipment for therapies. However, high installation and maintenance cost of the equipment is adversely impacting the interest of end users, thereby restraining the growth of the market. Also, the continuous shortage of skilled workforce is adversely affecting the growth of the global shockwave therapy device market.
The global shockwave therapy device market has been segmented using four criteria: technology, end user, geography, and product type. By technology, the global shockwave therapy device market is segmented into electrohydraulic technique, electromagnetic technique, piezoelectric technique, and radial technique. Based on product type, the market is segmented into fixed shockwave therapy devices and mobile shockwave therapy devices. Some of the end users of shockwave therapy devices are ambulatory care, hospitals, radiology labs physiotherapy clinics, and others.
On the basis of geography, high technological advancements in developed countries have made North America the leading segment, followed by Europe. Heavy investment in the research and development of medical device technology in these regions have boosted the growth of the regional markets. The Asia Pacific market will expand at a noteworthy CAGR owing to increasing demand for shockwave therapy devices from emerging economies such as India, Japan, and China. Increasing population, changing lifestyles, emerging heath care infrastructures, and development of novel technologies are some favorable factors for the growth of shockwave therapy device market in APAC.
The report offers a comprehensive study of the competitive landscape of the global shockwave therapy device market. Some of the key companies operating in the global shockwave therapy device market are Cook Group Inc., Siemens AG, Boston Scientific Corporation, C.R. Bard Inc, Dornier MedTech GmbH, Medtrue Enterprise Co. Ltd., Olympus Corporation, Lumenis Ltd, Karl Storz Gmbh and Co. KG, and Edaptms TMS.
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