Shockwave Therapy Market By Technique, By Product, By Application, By End User : Global Opportunity Analysis and Industry Forecast, 2021-2031

Description

List of Tables

The shockwave therapy market was valued for $1,171.19 million in 2021 and is estimated to reach $2,269.63 million by 2031, exhibiting a CAGR of 6.8% from 2022 to 2031. Shockwave therapy is a non-invasive treatment that involves creating a series of low-energy acoustic wave pulsations that are directly applied to an injury through a person's skin via a gel medium. It can relieve pain and promote the healing of injured tendons, ligaments, and other soft tissues. These sound waves produce a therapeutic effect that causes a decrease in pain, thus increasing mobility and functionality by triggering the body's healing process. Shockwave therapy is sometimes referred to as extracorporeal pulse activation technology (EPAT).

The Food and Drug Administration has approved the use of extracorporeal shock wave therapy (ESWT) for the treatment of plantar fasciopathy and tendinopathy. However, multiple high-quality randomized clinical trials have provided substantial evidence that ESWT is a safe and effective noninvasive option for treating tendinopathy throughout the musculoskeletal system.

The key factor that drives the growth of the shockwave therapy market is the increase in the number of sports-tournament that are organized worldwide, which increases the number of sports-related injuries to a great extent. These sports injuries require speedy recovery along with faster pain relief. Moreover, rise in rates of bone diseases as well as an increase in the prevalence of musculoskeletal disorders such as arthritis, and the surge in the geriatric population are the major factors driving the growth of the market. For instance, according to the National Safety Council (NSC), in 2021, exercise equipment accounted for about 409,000 injuries, the most in any category of sports and recreation. Furthermore, increased investments in R&D for the development of medical devices as well as rise in technological advancements and modernization in the healthcare industry may open up new market potential for shockwave therapy.

However, the high cost of the treatment by shockwave therapy and the side effects following the therapy hamper the market growth. Conversely, the surge in sedentary lifestyle practices in developing countries that are followed in the post-covid phase is giving rise to chronic spinal ailments and back problems, which provides lucrative opportunities for the growth of the market. In addition, an increase in the number of cardiovascular diseases as a result of sedentary lifestyle practices is expected to boost the growth of the market during the forecast period.

The shockwave therapy market is segmented on the basis of technology, type, application, end-user, and region. By technology, the market is fragmented into electrohydraulic shockwaves, electromagnetic shockwaves, piezoelectric shockwaves, and radial shockwaves. By product, it is bifurcated into mobile and fixed. By application, it is classified into urology, orthopedic, cardiology, and others. By end user, the market is categorized into hospitals, clinics, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

North America accounted for a majority of the shockwave therapy market share in 2021 and is anticipated to remain dominant during the forecast period. The shockwave therapy market is mainly driven by the presence of well-established healthcare facilities, a growing geriatric population, and the rising prevalence of sports-related injuries & cardiovascular disorders. Moreover, an increase in the prevalence of arthritis and musculoskeletal disorders contribute to the market growth in the region. Furthermore, increasing investment by pharmaceutical companies in R&D activities to design technologically advanced medical devices through innovative research is expected to fuel the market growth.

Asia-Pacific is expected to register the fastest CAGR during the forecast period. This is due to the presence of a rapidly growing geriatric population, rising incidence of road accidents & chronic disorders, and improvement in the healthcare infrastructure are set to drive the market in Asia-Pacific.

The key players that operate in the shockwave therapy market are BioMed India, Boston Scientific Corporation, BTL Corporate, Dornier MedTech, EDAP TMS, EMS Dolorclast, Inceler Medikal Co. Ltd, Karl Storz SE & Co, SANUWAVE and SANUWAVE Health, Inc. and Shockwave Medical Inc.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the shockwave therapy market analysis from 2021 to 2031 to identify the prevailing shockwave therapy market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the shockwave therapy market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global shockwave therapy market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Technique

Electrohydraulic Technique
Piezoelectric Technique
Radial Technique
Electromagnetic Shock Waves

By Product

Mobile Shockwave Therapy Devices
Fixed Shockwave Therapy Devices

By End User

Hospitals
Clinics
Others

By Application

Urology
Others
Orthopedics
Cardiology

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- EDAP TMS
- Bio-Med Inc.
- Dornier MedTech
- KARL STORZ SE & Co. KG
- Boston Scientific Corporation
- BTL Industries
- Shockwave Medical, Inc
- SANUWAVE & SANUWAVE Health, Inc
- Inceler Medikal Co. Ltd.
- EMS Dolorclast

Product Code: A13380

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO Perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings
- 3.2.1.Top investment pockets
3.3.Porter's five forces analysis
3.4.Market dynamics
- 3.4.1.Drivers
  - 3.4.1.1. Increasing incidence of muscle and tendon disorder and sports-related injuries
  - 3.4.1.2. Rise in technological advancement
  - 3.4.1.3. Rise in chronic and musculoskeletal disorder
- 3.4.2.Restraints
  - 3.4.2.1. High cost of the treatment
- 3.4.3.Opportunities
  - 3.4.3.1. High growth potential in developing economies
3.5.COVID-19 Impact Analysis on the market

CHAPTER 4: SHOCKWAVE THERAPY MARKET, BY TECHNIQUE

4.1 Overview
- 4.1.1 Market size and forecast
4.2. Electrohydraulic Technique
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market share analysis by country
4.3. Piezoelectric Technique
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market share analysis by country
4.4. Radial Technique
- 4.4.1 Key market trends, growth factors and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market share analysis by country
4.5. Electromagnetic Shock Waves
- 4.5.1 Key market trends, growth factors and opportunities
- 4.5.2 Market size and forecast, by region
- 4.5.3 Market share analysis by country

CHAPTER 5: SHOCKWAVE THERAPY MARKET, BY PRODUCT

5.1 Overview
- 5.1.1 Market size and forecast
5.2. Mobile Shockwave Therapy Devices
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market share analysis by country
5.3. Fixed Shockwave Therapy Devices
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market share analysis by country

CHAPTER 6: SHOCKWAVE THERAPY MARKET, BY APPLICATION

6.1 Overview
- 6.1.1 Market size and forecast
6.2. Orthopedics
- 6.2.1 Key market trends, growth factors and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market share analysis by country
6.3. Cardiology
- 6.3.1 Key market trends, growth factors and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market share analysis by country
6.4. Urology
- 6.4.1 Key market trends, growth factors and opportunities
- 6.4.2 Market size and forecast, by region
- 6.4.3 Market share analysis by country
6.5. Others
- 6.5.1 Key market trends, growth factors and opportunities
- 6.5.2 Market size and forecast, by region
- 6.5.3 Market share analysis by country

CHAPTER 7: SHOCKWAVE THERAPY MARKET, BY END USER

7.1 Overview
- 7.1.1 Market size and forecast
7.2. Hospitals
- 7.2.1 Key market trends, growth factors and opportunities
- 7.2.2 Market size and forecast, by region
- 7.2.3 Market share analysis by country
7.3. Clinics
- 7.3.1 Key market trends, growth factors and opportunities
- 7.3.2 Market size and forecast, by region
- 7.3.3 Market share analysis by country
7.4. Others
- 7.4.1 Key market trends, growth factors and opportunities
- 7.4.2 Market size and forecast, by region
- 7.4.3 Market share analysis by country

CHAPTER 8: SHOCKWAVE THERAPY MARKET, BY REGION

8.1 Overview
- 8.1.1 Market size and forecast
8.2 North America
- 8.2.1 Key trends and opportunities
- 8.2.2 North America Market size and forecast, by Technique
- 8.2.3 North America Market size and forecast, by Product
- 8.2.4 North America Market size and forecast, by Application
- 8.2.5 North America Market size and forecast, by End User
- 8.2.6 North America Market size and forecast, by country
  - 8.2.6.1 U.S.
  - 8.2.6.1.1 Key market trends, growth factors and opportunities
  - 8.2.6.1.2 Market size and forecast, by Technique
  - 8.2.6.1.3 Market size and forecast, by Product
  - 8.2.6.1.4 Market size and forecast, by Application
  - 8.2.6.1.5 Market size and forecast, by End User
  - 8.2.6.2 Canada
  - 8.2.6.2.1 Key market trends, growth factors and opportunities
  - 8.2.6.2.2 Market size and forecast, by Technique
  - 8.2.6.2.3 Market size and forecast, by Product
  - 8.2.6.2.4 Market size and forecast, by Application
  - 8.2.6.2.5 Market size and forecast, by End User
  - 8.2.6.3 Mexico
  - 8.2.6.3.1 Key market trends, growth factors and opportunities
  - 8.2.6.3.2 Market size and forecast, by Technique
  - 8.2.6.3.3 Market size and forecast, by Product
  - 8.2.6.3.4 Market size and forecast, by Application
  - 8.2.6.3.5 Market size and forecast, by End User
8.3 Europe
- 8.3.1 Key trends and opportunities
- 8.3.2 Europe Market size and forecast, by Technique
- 8.3.3 Europe Market size and forecast, by Product
- 8.3.4 Europe Market size and forecast, by Application
- 8.3.5 Europe Market size and forecast, by End User
- 8.3.6 Europe Market size and forecast, by country
  - 8.3.6.1 Germany
  - 8.3.6.1.1 Key market trends, growth factors and opportunities
  - 8.3.6.1.2 Market size and forecast, by Technique
  - 8.3.6.1.3 Market size and forecast, by Product
  - 8.3.6.1.4 Market size and forecast, by Application
  - 8.3.6.1.5 Market size and forecast, by End User
  - 8.3.6.2 France
  - 8.3.6.2.1 Key market trends, growth factors and opportunities
  - 8.3.6.2.2 Market size and forecast, by Technique
  - 8.3.6.2.3 Market size and forecast, by Product
  - 8.3.6.2.4 Market size and forecast, by Application
  - 8.3.6.2.5 Market size and forecast, by End User
  - 8.3.6.3 UK
  - 8.3.6.3.1 Key market trends, growth factors and opportunities
  - 8.3.6.3.2 Market size and forecast, by Technique
  - 8.3.6.3.3 Market size and forecast, by Product
  - 8.3.6.3.4 Market size and forecast, by Application
  - 8.3.6.3.5 Market size and forecast, by End User
  - 8.3.6.4 Italy
  - 8.3.6.4.1 Key market trends, growth factors and opportunities
  - 8.3.6.4.2 Market size and forecast, by Technique
  - 8.3.6.4.3 Market size and forecast, by Product
  - 8.3.6.4.4 Market size and forecast, by Application
  - 8.3.6.4.5 Market size and forecast, by End User
  - 8.3.6.5 Spain
  - 8.3.6.5.1 Key market trends, growth factors and opportunities
  - 8.3.6.5.2 Market size and forecast, by Technique
  - 8.3.6.5.3 Market size and forecast, by Product
  - 8.3.6.5.4 Market size and forecast, by Application
  - 8.3.6.5.5 Market size and forecast, by End User
  - 8.3.6.6 Rest of Europe
  - 8.3.6.6.1 Key market trends, growth factors and opportunities
  - 8.3.6.6.2 Market size and forecast, by Technique
  - 8.3.6.6.3 Market size and forecast, by Product
  - 8.3.6.6.4 Market size and forecast, by Application
  - 8.3.6.6.5 Market size and forecast, by End User
8.4 Asia-Pacific
- 8.4.1 Key trends and opportunities
- 8.4.2 Asia-Pacific Market size and forecast, by Technique
- 8.4.3 Asia-Pacific Market size and forecast, by Product
- 8.4.4 Asia-Pacific Market size and forecast, by Application
- 8.4.5 Asia-Pacific Market size and forecast, by End User
- 8.4.6 Asia-Pacific Market size and forecast, by country
  - 8.4.6.1 Japan
  - 8.4.6.1.1 Key market trends, growth factors and opportunities
  - 8.4.6.1.2 Market size and forecast, by Technique
  - 8.4.6.1.3 Market size and forecast, by Product
  - 8.4.6.1.4 Market size and forecast, by Application
  - 8.4.6.1.5 Market size and forecast, by End User
  - 8.4.6.2 China
  - 8.4.6.2.1 Key market trends, growth factors and opportunities
  - 8.4.6.2.2 Market size and forecast, by Technique
  - 8.4.6.2.3 Market size and forecast, by Product
  - 8.4.6.2.4 Market size and forecast, by Application
  - 8.4.6.2.5 Market size and forecast, by End User
  - 8.4.6.3 Australia
  - 8.4.6.3.1 Key market trends, growth factors and opportunities
  - 8.4.6.3.2 Market size and forecast, by Technique
  - 8.4.6.3.3 Market size and forecast, by Product
  - 8.4.6.3.4 Market size and forecast, by Application
  - 8.4.6.3.5 Market size and forecast, by End User
  - 8.4.6.4 India
  - 8.4.6.4.1 Key market trends, growth factors and opportunities
  - 8.4.6.4.2 Market size and forecast, by Technique
  - 8.4.6.4.3 Market size and forecast, by Product
  - 8.4.6.4.4 Market size and forecast, by Application
  - 8.4.6.4.5 Market size and forecast, by End User
  - 8.4.6.5 South Korea
  - 8.4.6.5.1 Key market trends, growth factors and opportunities
  - 8.4.6.5.2 Market size and forecast, by Technique
  - 8.4.6.5.3 Market size and forecast, by Product
  - 8.4.6.5.4 Market size and forecast, by Application
  - 8.4.6.5.5 Market size and forecast, by End User
  - 8.4.6.6 Rest of Asia-Pacific
  - 8.4.6.6.1 Key market trends, growth factors and opportunities
  - 8.4.6.6.2 Market size and forecast, by Technique
  - 8.4.6.6.3 Market size and forecast, by Product
  - 8.4.6.6.4 Market size and forecast, by Application
  - 8.4.6.6.5 Market size and forecast, by End User
8.5 LAMEA
- 8.5.1 Key trends and opportunities
- 8.5.2 LAMEA Market size and forecast, by Technique
- 8.5.3 LAMEA Market size and forecast, by Product
- 8.5.4 LAMEA Market size and forecast, by Application
- 8.5.5 LAMEA Market size and forecast, by End User
- 8.5.6 LAMEA Market size and forecast, by country
  - 8.5.6.1 Brazil
  - 8.5.6.1.1 Key market trends, growth factors and opportunities
  - 8.5.6.1.2 Market size and forecast, by Technique
  - 8.5.6.1.3 Market size and forecast, by Product
  - 8.5.6.1.4 Market size and forecast, by Application
  - 8.5.6.1.5 Market size and forecast, by End User
  - 8.5.6.2 Saudi Arabia
  - 8.5.6.2.1 Key market trends, growth factors and opportunities
  - 8.5.6.2.2 Market size and forecast, by Technique
  - 8.5.6.2.3 Market size and forecast, by Product
  - 8.5.6.2.4 Market size and forecast, by Application
  - 8.5.6.2.5 Market size and forecast, by End User
  - 8.5.6.3 South Africa
  - 8.5.6.3.1 Key market trends, growth factors and opportunities
  - 8.5.6.3.2 Market size and forecast, by Technique
  - 8.5.6.3.3 Market size and forecast, by Product
  - 8.5.6.3.4 Market size and forecast, by Application
  - 8.5.6.3.5 Market size and forecast, by End User
  - 8.5.6.4 Rest of LAMEA
  - 8.5.6.4.1 Key market trends, growth factors and opportunities
  - 8.5.6.4.2 Market size and forecast, by Technique
  - 8.5.6.4.3 Market size and forecast, by Product
  - 8.5.6.4.4 Market size and forecast, by Application
  - 8.5.6.4.5 Market size and forecast, by End User

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top player positioning, 2021

CHAPTER 10: COMPANY PROFILES

10.1 EDAP TMS
- 10.1.1 Company overview
- 10.1.2 Key Executives
- 10.1.3 Company snapshot
- 10.1.4 Operating business segments
- 10.1.5 Product portfolio
- 10.1.6 Business performance
- 10.1.7 Key strategic moves and developments
10.2 Bio-Med Inc.
- 10.2.1 Company overview
- 10.2.2 Key Executives
- 10.2.3 Company snapshot
- 10.2.4 Operating business segments
- 10.2.5 Product portfolio
- 10.2.6 Business performance
- 10.2.7 Key strategic moves and developments
10.3 Dornier MedTech
- 10.3.1 Company overview
- 10.3.2 Key Executives
- 10.3.3 Company snapshot
- 10.3.4 Operating business segments
- 10.3.5 Product portfolio
- 10.3.6 Business performance
- 10.3.7 Key strategic moves and developments
10.4 KARL STORZ SE & Co. KG
- 10.4.1 Company overview
- 10.4.2 Key Executives
- 10.4.3 Company snapshot
- 10.4.4 Operating business segments
- 10.4.5 Product portfolio
- 10.4.6 Business performance
- 10.4.7 Key strategic moves and developments
10.5 Boston Scientific Corporation
- 10.5.1 Company overview
- 10.5.2 Key Executives
- 10.5.3 Company snapshot
- 10.5.4 Operating business segments
- 10.5.5 Product portfolio
- 10.5.6 Business performance
- 10.5.7 Key strategic moves and developments
10.6 BTL Industries
- 10.6.1 Company overview
- 10.6.2 Key Executives
- 10.6.3 Company snapshot
- 10.6.4 Operating business segments
- 10.6.5 Product portfolio
- 10.6.6 Business performance
- 10.6.7 Key strategic moves and developments
10.7 Shockwave Medical, Inc
- 10.7.1 Company overview
- 10.7.2 Key Executives
- 10.7.3 Company snapshot
- 10.7.4 Operating business segments
- 10.7.5 Product portfolio
- 10.7.6 Business performance
- 10.7.7 Key strategic moves and developments
10.8 SANUWAVE & SANUWAVE Health, Inc
- 10.8.1 Company overview
- 10.8.2 Key Executives
- 10.8.3 Company snapshot
- 10.8.4 Operating business segments
- 10.8.5 Product portfolio
- 10.8.6 Business performance
- 10.8.7 Key strategic moves and developments
10.9 Inceler Medikal Co. Ltd.
- 10.9.1 Company overview
- 10.9.2 Key Executives
- 10.9.3 Company snapshot
- 10.9.4 Operating business segments
- 10.9.5 Product portfolio
- 10.9.6 Business performance
- 10.9.7 Key strategic moves and developments
10.10 EMS Dolorclast
- 10.10.1 Company overview
- 10.10.2 Key Executives
- 10.10.3 Company snapshot
- 10.10.4 Operating business segments
- 10.10.5 Product portfolio
- 10.10.6 Business performance
- 10.10.7 Key strategic moves and developments