The global shock wave therapy market is projected to grow with a lucrative CAGR of over 5 percent owing to the growing occurrence of accidents and sports injuries, increase in patients with musculoskeletal, urological, cardiac conditions, and patients undergoing various surgical procedures are the key factors contributing to the growth of the industry. For example, about 50 million cases of arthritis were registered over the past three years, according to the Center for Disease Control (CDC). The high prevalence rate of musculoskeletal disorders is anticipated to fuel demand for the shock wave therapy market over the forecast period.
Adroit Market Research report on the global shock wave therapy market gives a holistic view of the market from 2018 to 2028, which includes factors such as market drivers, restraints, opportunities, and challenges. The market has been studied for the period 2018 to 2028, with the base year of estimation as 2019 and forecast from 2020 to 2028. The report covers the current status and future traits of the market at the global as well as country level. Also, the study assesses the market competition with Porter's five forces analysis and company positioning based on their product portfolio, geographic footprint, strategic initiatives, and overall revenue. Prominent players operating in the global shock wave therapy market have been studied in detail.
North America currently holds the largest share in the shock wave therapy market owing to the presence of a significant number of major players across the region along with growing investments by the established firms. However, Asia Pacific is going to record growth at a faster pace on account of the growing geriatric population especially across emerging economies such as India, China, and Japan in particular. Furthermore, the market growth across the Asia Pacific region is attributed to the rising government focus on the development of advanced healthcare facilities for the growing population.
The prominent players operating in the global shock wave therapy market include EMS DolorClast, Dornier MedTech GmbH, Olympus America, Karl Storz SE & Co KG, Siemens Healthcare GmbH, BTL, EDAP TMS, Inceler Medikal Co. Ltd., Boston Scientific Corporation, Zimmer Medizin Systeme GmbH among other prominent players.
Key segments of the global shock wave therapy market
Technique Overview, 2018-2028 (USD Million)
- Electrohydraulic Shock Waves
- Piezoelectric Shock Waves
- Radial Shock Waves
Application Overview, 2018-2028 (USD Million)
End-User Overview, 2018-2028 (USD Million)
Regional Overview, 2018-2028 (USD Million)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of Middle East and Africa