Shock wave therapy also called extracorporeal shock wave therapy (ESWT) is a non-invasive treatment that is used in wide areas of medical field that includes physical therapy, orthopedics, cardiology, and urology. Shock wave therapy is an alternative treatment for orthopedic surgeries. The term extracorporeal signifies the external shock generation, and the resultant shock waves are then transmitted to the internal parts of the body via intermediate pads through the skin. Shock wave therapy is undertaken mainly by patients suffering from tendons and joints disorders. This therapy is known to perform very efficient mobility restoration and pain management.
Physical therapy, orthopedics, cardiology, and urology are just some of the many medical specialties that make use of SWT (shock wave therapy), also known as extracorporeal shock wave therapy (ESWT). An alternative to traditional orthopedic operations is SWT (shock wave therapy). Shocks are generated externally, hence the term “extracorporeal,” and are then pass on to the body’s internal organs and tissues via intermediate pads through the skin. Patients with problems in their tendons and joints are the typical candidates for shock wave therapy. These treatments are well-known for their ability to restore mobility and alleviate pain. SWT (shock wave therapy) is performed using specific tools specifically designed for the purpose. These tools are designed to aid patients with chronic and sub-chronic conditions of painful bones, myoskeletal tissues, spots, and soft tissues by treating a wide variety of underlying causes of pain. Bones, ligaments, and tendons all benefit from the SWT (shock wave therapy)’s accelerated revascularization, healing, and regeneration.
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The market for SWT (shock wave therapy) devices is expected to grow as the incidence of arthritis and other musculoskeletal disorders continues to rise
The Health and Safety Executive in the United Kingdom estimates that 1,311,000 people in the United Kingdom suffered from work-linked musculoskeletal disorders in 2014. This accounts for 41% of all cases of illness in the workforce. In addition, between 2013 and 2015, there were 54.4 million cases of arthritis worldwide, or about 22.7% of adults, in accordance to the CDC (Center for Disease Control and Prevention). With so many people suffering from musculoskeletal problems, the market for SWT (shock wave therapy) devices is set up for rapid expansion.
The Major Players Covered in Shock Wave Therapy Devices Market: C.R. Bard Inc., Boston Scientific Corporation, Lumenis Ltd., Dornier MedTech GmbH, Olympus Corporation, Medtrue Enterprise Co. Ltd., Edaptms TMS, Cook Group Inc., Karl Storz GmbH and Seimens AG.
The global market for shock wave therapy devices can be broken down into distinct submarkets based on factors such as product category, technological innovation, application, and region:
Based on the product type,
- Mobile Shockwave Therapy Devices
- Fixed Shockwave Therapy Devices
Based on the technology,
- Electromagnetic Technique
- Piezoelectric Technique
- Electrohydraulic Technique
- Radial Technique
Based on the end user,
- Ambulatory Care
- Physiotherapy Clinics
- Radiology Labs
Market growth for SWT (shock wave therapy) devices is being driven in part by the improving healthcare systems in Asia
The global Shock Wave Therapy Devices Market is broken down into the following regions: North America, Asia Pacific, Latin America, Europe, Africa and the Middle East. Due to technological developments and substantial investments in R&D of medical device technology, North America holds the largest share of the global market. In the coming years, the Asia-Pacific region is projected to produce a rapidly expanding market because of demographic shifts, improvements in standard of living, and advancements in healthcare infrastructure. Forecasts from the Population Reference Bureau indicate that by 2050, the world’s population will have grown by 33% from 2016 estimates, reaching an estimated 9.9 Bn people. There is likely to be a sizable elderly population in this area. Given the prevalence of injuries among this population, the global market for SWT (shock wave therapy) devices is expected to expand rapidly in the coming future.
The global SWT (shock wave therapy) market is expanding due to rising demand for painless and invasive-free treatments
The global shock therapy market is being propelled by the increasing need for effective pain management and the attractiveness of non-invasive therapies such as shock therapy. SWT (shock wave therapy) devices are popular because they can stimulate metabolism and enhance cellular activity in the body. The growing elderly population and rising incidence of bone diseases are also driving growth in the global SWT (shock wave therapy) devices market. The high price of treatment and a lack of trained personnel to operate the devices could slow the market’s expansion, however.
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Table of Contents with Major Points:
- Key Findings
- Definitions and Assumptions
- Definition of Shock Wave Therapy Devices Market
- Market Dynamics
- Trends and Developments
- Key Emerging Trends
- Key Developments Mergers and Acquisition
- New Product Launches and Collaboration
- Partnership and Joint Venture
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
Qualitative Insights Impact of COVID-19 on Global Shock Wave Therapy Devices Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
- Data Sources
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