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2021
Shockwave Therapy Market

Shockwave Therapy Market by Technique (Electrohydraulic Shock Waves, Piezoelectric Shock Waves, Radial Shock Waves, Electromagnetic Shock Waves, and Others), Product Type (Mobile Shockwave Therapy Devices and Fixed Shockwave Therapy Devices), Disease (Plantar Fasciopathy, Avasive Necrosis, Medial Tibial Stress Syndrome, Upper & Lower Extremity Tendinopathies, Long Bone Fracture, and Others), Application (Orthopedic, Cardiology, Urology, and Others), and End User (Hospitals, Diagnostic Laboratories, Clinics, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A13380
Pages: NA
Nov 2021 | 11 Views
   
Author(s) : Onkar Sumant
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COVID-19

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Shockwave therapy was introduced as a noninvasive, effective therapy for treatment of urologic conditions. Subsequently, with extensive clinical research, the therapy was proven potent for management of total hiparthoplasty, fracture healing, and other orthopedic conditions. Shockwave therapy involves neovascularization at the tendon-bone junction, proliferation of tentocytes, and subsequent osteoprogenitor differentiation. The shock waves stimulate pressure buildup, which can further lead up to hematoma formation that finally results in new bone/tissue formation. In recent times, shock waves have primarily been used in the treatment of patellar tendinopathy, trochanteric pain syndrome, adhesive capsulitis, and knee osteoarthritis. Based on various patient feedbacks, shockwave therapy is effective in relieving pain.

Market Scope and Structure Analysis

Report Metric

Details

 Market Size Available for Years

 2020–2030

 Base Year Considered

 2020

 Forecast Period

 2021–2030

 Forecast Unit

 Value (USD)

 Segments Covered

 Technique, Application, End User, and Region

 Regions Covered

 North America, Europe, Asia-Pacific, and LAMEA

 Companies Covered

MS Electro Medical Systems S.A., BTL Corporate, Dornier MedTech GmbH, Zimmer MedizinSysteme GmbH, Boston Scientific Corporation, C.R. Bard Inc., Cook Group Inc., Olympus Corporation, Medtrue Enterprise Co. Ltd., Lumenis Ltd., Edaptms TMS

 

COVID-19 Impact Analysis

Increase has been witnessed in the demand for medical supplies to take care of infected population. Respiratory support devices such as atomizers, life support machines, oxygen generators, and monitors are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. The need for medical supplies has increased significantly among both from healthcare professionals and civil population for precautionary measures, owing to rise in number of COVID-19 cases worldwide. Manufacturers of these products have a chance to capitalize this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the market. Therefore, COVID 19 is expected to have a significant impact on the global shockwave therapy market.

Top Impacting Factors

  • Rise in the cases of chronic muscular and spinal disorders coupled with growth in the number of patients suffering from acute back & neck pain is anticipated to fuel growth for inception of shockwave therapy mechanisms for effective, quick, and reliable treatment.
  • Growing globalization has resulted in inception of global sports events with participants from all around the world. These include Olympics and common wealth games. The high competitiveness of these events leads to cases of sports related injuries which further fuels the demand for advanced therapeutics for quick treatment of fractures and resulting pain. It is thus anticipated to further the market growth.
  • Rise in investments pertaining to research and development of new novel therapies which are highly efficient, more accurate, and fully technologically integrated is slated to boost the growth of shockwave therapy market.
  • However, huge costs associated with design, development, and administration of shockwave therapies may hamper its market growth in regions that lack muscle power and have to subside with low disposable incomes.

Key Market Trends

  • North America is anticipated to show huge dominance in the shockwave therapy market owing to rising geriatric population and established healthcare infrastructure.
  • Electrohydraulic segment is anticipated to witness highest share among all shockwave therapies owing to higher preference among physicians coupled with higher technological application for the past few decades. Additionally, the technique has shown wide range of applications such as cardiovascular disorders, veterinary medicines and plastic surgery. This, in turn, is slated to add onto the brand building and goodwill for shockwave therapy market.
  • In 2019, STORZ MEDICAL launched MODULITH SLC. The device is the first shockwave product in the world for treatment of refractory angina pectoris.
  • BTL Ltd. has recently launched their product by the name of SWT for increasing efficacy of the treatment by combination of shockwaves and high energy lasers. The procedure is widely useful in sports medication and veterinary medication.
  • Asia Pacific is anticipated to witness exponential growth in coming years owing to rising geriatric population, growing awareness on shockwave therapy market and robust investments being influx by both government and private sector industrialists.

Key Segments Covered

Segment

Subsegment

 Technique

  • Electrohydraulic Shock Waves
  • Piezoelectric Shock Waves
  • Radial Shock Waves
  • Electromagnetic Shock Waves
  • Others

 Product Type

  • Mobile Shockwave Therapy Devices
  • Fixed Shockwave Therapy Devices

 Diseases

  • Plantar Fasciopathy
  • Avasive Necrosis
  • Medial Tibial Stress Syndrome
  • Upper & Lower Extremity Tendinopathies
  • Long Bone Fracture
  • Others

 Application

  • Orthopedic
  • Cardiology
  • Urology
  • Others

 End User

  • Hospitals
  • Diagnostic Laboratories
  • Clinics
  • Others

 Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA


Key Benefits of the Report

  • This study presents the analytical depiction of the shockwave therapy industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the shockwave therapy market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the shockwave therapy growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed analysis depending on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in the Shockwave Therapy Report

  • Which are the leading players active in the shockwave therapy market?
  • How is each segment of the market expected to grow during the forecast period?
  • What are the adoption trends for the shockwave therapy market in emerging economies and established economies across the world?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?
  • What are the impacts of COVID-19 in the industry?
  • What is shockwave therapy?
  • What is the shockwave therapy market prediction in the future?
  • What are the current trends and predicted trends?
 
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