Global Shockwave Therapy Market is valued approximately USD 2.09 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.78% over the forecast period 2022-2029. Shockwave Therapy also called as extracorporeal shockwave therapy (ESWT), is a non-invasive treatment procedure in which pressure waves are introduced into the body for the effective treatment of musculoskeletal conditions. In Shockwave therapy acoustic shock waves are targeted towards injured areas with the help of special handheld or fixed device. Moreover, it also helps in treatment of chronic pain associated with heel and elbows. The increasing prevalence of sports-related injuries and growing Geriatric Population are key factors driving the market growth.
Surge in number of geriatric individuals is contributing towards the growth of the Global Shockwave Therapy Market. For instance - as per United Nations (UN)'s World Population Ageing 2019 report - in 2019, globally the number of persons aged 65 years or over were estimated at 703 million, and as per projections the number of persons aged 65 years and more would grow to 1.5 billion by 2050. Additionally, globally, over the years the share of the population aged 65 years or over increased from 6 per cent in 1990 to 9 per cent in 2019, and this proportion would reach to 16 per cent by 2050. Also, surge in chronic muscular and tendon disorders as well as increasing technological advancements in healthcare sector would create lucrative growth prospectus for the market over the forecast period. However, the high cost of Shockwave Therapy devices and treatment procedure stifle the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Shockwave Therapy Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the increasing incidences of sports related injuries as well as arthritis and musculoskeletal disorders, and presence of leading market players in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising geriatric and target populations, and increasing investment towards enhancement of healthcare infrastructure in the region.
Major market player included in this report are:
- Boston Scientific Corporation
- Dornier MedTech
- EDAP TMS GmbH
- Karl Storz SE & Co. KG
- Lumenis
- Olympus Corporation
- Medtrue Entreprise Co., Ltd
- Sanuwave Health, Inc
- Bio-Med Inc
- Likamed GmbH
Recent Developments in the Market:
- In January 2022, Menoufia University offered sponsorship for a clinical trial to evaluate the effectiveness and safety of focused Low-Intensity Extracorporeal Shock Wave Therapy (Li-ESWT) for the treatment of erectile dysfunction
- In March 2022, Shockwave Medical, Inc. has announced launch of Shockwave M5+ peripheral IVL catheter. This new Shockwave M5+ catheter is designed to decrease IVL treatment time, and to offer alternative access options, and expand IVL therapy to patients with larger vessel sizes.
Global Shockwave Therapy Market Report Scope:
- Historical Data 2019-2020-2021
- Base Year for Estimation 2021
- Forecast period 2022-2029
- Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered Product Type, Technology, End User, Region
- Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Product Type:
- Mobile Shockwave Therapy Devices
- Fixed Shockwave Therapy Devices
By Technology:
- Electromagnetic Technique
- Electrohydraulic Technique
- Piezoelectric Technique
- Radial Technique
By End-User:
- Hospitals
- Physiotherapy Clinics
- Ambulatory Care
- Radiology Labs
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Shockwave Therapy Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Shockwave Therapy Market, by Product Type, 2019-2029 (USD Billion)
- 1.2.3. Shockwave Therapy Market, by Technology, 2019-2029 (USD Billion)
- 1.2.4. Shockwave Therapy Market, by End User, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Shockwave Therapy Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Shockwave Therapy Market Dynamics
- 3.1. Shockwave Therapy Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing prevalence of sports-related injuries
- 3.1.1.2. Growing Geriatric Population
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost associated with Shock Wave Therapy Devices and Procedures
- 3.1.2.2. Dearth of Skilled Healthcare Professionals
- 3.1.3. Market Opportunities
- 3.1.3.1. Surge in chronic muscular and tendon disorders
- 3.1.3.2. Increasing technological advancements in healthcare sector
Chapter 4. Global Shockwave Therapy Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Shockwave Therapy Market, by Product Type
- 6.1. Market Snapshot
- 6.2. Global Shockwave Therapy Market by Product Type, Performance - Potential Analysis
- 6.3. Global Shockwave Therapy Market Estimates & Forecasts by Product Type 2019-2029 (USD Billion)
- 6.4. Shockwave Therapy Market, Sub Segment Analysis
- 6.4.1. Mobile Shockwave Therapy Devices
- 6.4.2. Fixed Shockwave Therapy Devices
Chapter 7. Global Shockwave Therapy Market, by Technology
- 7.1. Market Snapshot
- 7.2. Global Shockwave Therapy Market by Technology, Performance - Potential Analysis
- 7.3. Global Shockwave Therapy Market Estimates & Forecasts by Technology 2019-2029 (USD Billion)
- 7.4. Shockwave Therapy Market, Sub Segment Analysis
- 7.4.1. Electromagnetic Technique
- 7.4.2. Electrohydraulic Technique
- 7.4.3. Piezoelectric Technique
- 7.4.4. Radial Technique
Chapter 8. Global Shockwave Therapy Market, by End User
- 8.1. Market Snapshot
- 8.2. Global Shockwave Therapy Market by End User, Performance - Potential Analysis
- 8.3. Global Shockwave Therapy Market Estimates & Forecasts by End User 2019-2029 (USD Billion)
- 8.4. Shockwave Therapy Market, Sub Segment Analysis
- 8.4.1. Hospitals
- 8.4.2. Physiotherapy Clinics
- 8.4.3. Ambulatory Care
- 8.4.4. Radiology Labs
- 8.4.5. Others
Chapter 9. Global Shockwave Therapy Market, Regional Analysis
- 9.1. Shockwave Therapy Market, Regional Market Snapshot
- 9.2. North America Shockwave Therapy Market
- 9.2.1. U.S. Shockwave Therapy Market
- 9.2.1.1. Product Type breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Technology breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. End User breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Shockwave Therapy Market
- 9.3. Europe Shockwave Therapy Market Snapshot
- 9.3.1. U.K. Shockwave Therapy Market
- 9.3.2. Germany Shockwave Therapy Market
- 9.3.3. France Shockwave Therapy Market
- 9.3.4. Spain Shockwave Therapy Market
- 9.3.5. Italy Shockwave Therapy Market
- 9.3.6. Rest of Europe Shockwave Therapy Market
- 9.4. Asia-Pacific Shockwave Therapy Market Snapshot
- 9.4.1. China Shockwave Therapy Market
- 9.4.2. India Shockwave Therapy Market
- 9.4.3. Japan Shockwave Therapy Market
- 9.4.4. Australia Shockwave Therapy Market
- 9.4.5. South Korea Shockwave Therapy Market
- 9.4.6. Rest of Asia Pacific Shockwave Therapy Market
- 9.5. Latin America Shockwave Therapy Market Snapshot
- 9.5.1. Brazil Shockwave Therapy Market
- 9.5.2. Mexico Shockwave Therapy Market
- 9.5.3. Rest of Latin America Shockwave Therapy Market
- 9.6. Rest of The World Shockwave Therapy Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Boston Scientific Corporation
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Dornier MedTech
- 10.2.3. EDAP TMS GmbH
- 10.2.4. Karl Storz SE & Co. KG
- 10.2.5. Lumenis
- 10.2.6. Olympus Corporation
- 10.2.7. Medtrue Entreprise Co., Ltd
- 10.2.8. Sanuwave Health, Inc
- 10.2.9. Bio-Med Inc
- 10.2.10. Likamed GmbH
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption