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
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. 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
List of Tables
Table 1. Global Shockwave Therapy Market, by Technique, 2021-2031 (Revenue, $Million)
Table 2. Shockwave Therapy Market for Electrohydraulic Technique, by Region, 2021-2031 (Revenue, $Million)
Table 3. Shockwave Therapy Market for Piezoelectric Technique, by Region, 2021-2031 (Revenue, $Million)
Table 4. Shockwave Therapy Market for Radial Technique, by Region, 2021-2031 (Revenue, $Million)
Table 5. Shockwave Therapy Market for Electromagnetic Shock Waves, by Region, 2021-2031 (Revenue, $Million)
Table 6. Global Shockwave Therapy Market, by Product, 2021-2031 (Revenue, $Million)
Table 7. Shockwave Therapy Market for Mobile Shockwave Therapy Devices, by Region, 2021-2031 (Revenue, $Million)
Table 8. Shockwave Therapy Market for Fixed Shockwave Therapy Devices, by Region, 2021-2031 (Revenue, $Million)
Table 9. Global Shockwave Therapy Market, by Application, 2021-2031 (Revenue, $Million)
Table 10. Shockwave Therapy Market for Orthopedics, by Region, 2021-2031 (Revenue, $Million)
Table 11. Shockwave Therapy Market for Cardiology, by Region, 2021-2031 (Revenue, $Million)
Table 12. Shockwave Therapy Market for Urology, by Region, 2021-2031 (Revenue, $Million)
Table 13. Shockwave Therapy Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 14. Global Shockwave Therapy Market, by End-user, 2021-2031 (Revenue, $Million)
Table 15. Shockwave Therapy Market for Hospitals, by Region, 2021-2031 (Revenue, $Million)
Table 16. Shockwave Therapy Market for Clinics, by Region, 2021-2031 (Revenue, $Million)
Table 17. Shockwave Therapy Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 18. Shockwave Therapy Market, by Region, 2021-2031 (Revenue, $Million)
Table 19. North America Shockwave Therapy Market, by Technique, 2021-2031 (Revenue, $Million)
Table 20. North America Shockwave Therapy Market, by Product, 2021-2031 (Revenue, $Million)
Table 21. North America Shockwave Therapy Market, by Application, 2021-2031 (Revenue, $Million)
Table 22. North America Shockwave Therapy Market, by End-user, 2021-2031 (Revenue, $Million)
Table 23. North America Shockwave Therapy Market, by Country, 2021-2031 (Revenue, $Million)
Table 24. U.S. Shockwave Therapy Market, by Technique, 2021-2031 (Revenue, $Million)
Table 25. U.S. Shockwave Therapy Market, by Product, 2021-2031 (Revenue, $Million)
Table 26. U.S. Shockwave Therapy Market, by Application, 2021-2031 (Revenue, $Million)
Table 27. U.S. Shockwave Therapy Market, by End-user, 2021-2031 (Revenue, $Million)
Table 28. Canada Shockwave Therapy Market, by Technique, 2021-2031 (Revenue, $Million)
Table 29. Canada Shockwave Therapy Market, by Product, 2021-2031 (Revenue, $Million)
Table 30. Canada Shockwave Therapy Market, by Application, 2021-2031 (Revenue, $Million)
Table 31. Canada Shockwave Therapy Market, by End-user, 2021-2031 (Revenue, $Million)
Table 32. Mexico Shockwave Therapy Market, by Technique, 2021-2031 (Revenue, $Million)
Table 33. Mexico Shockwave Therapy Market, by Product, 2021-2031 (Revenue, $Million)
Table 34. Mexico Shockwave Therapy Market, by Application, 2021-2031 (Revenue, $Million)
Table 35. Mexico Shockwave Therapy Market, by End-user, 2021-2031 (Revenue, $Million)
Table 36. Europe Shockwave Therapy Market, by Technique, 2021-2031 (Revenue, $Million)
Table 37. Europe Shockwave Therapy Market, by Product, 2021-2031 (Revenue, $Million)
Table 38. Europe Shockwave Therapy Market, by Application, 2021-2031 (Revenue, $Million)
Table 39. Europe Shockwave Therapy Market, by End-user, 2021-2031 (Revenue, $Million)
Table 40. Europe Shockwave Therapy Market, by Country, 2021-2031 (Revenue, $Million)
Table 41. Germany Shockwave Therapy Market, by Technique, 2021-2031 (Revenue, $Million)
Table 42. Germany Shockwave Therapy Market, by Product, 2021-2031 (Revenue, $Million)
Table 43. Germany Shockwave Therapy Market, by Application, 2021-2031 (Revenue, $Million)
Table 44. Germany Shockwave Therapy Market, by End-user, 2021-2031 (Revenue, $Million)
Table 45. France Shockwave Therapy Market, by Technique, 2021-2031 (Revenue, $Million)
Table 46. France Shockwave Therapy Market, by Product, 2021-2031 (Revenue, $Million)
Table 47. France Shockwave Therapy Market, by Application, 2021-2031 (Revenue, $Million)
Table 48. France Shockwave Therapy Market, by End-user, 2021-2031 (Revenue, $Million)
Table 49. UK Shockwave Therapy Market, by Technique, 2021-2031 (Revenue, $Million)
Table 50. UK Shockwave Therapy Market, by Product, 2021-2031 (Revenue, $Million)
Table 51. UK Shockwave Therapy Market, by Application, 2021-2031 (Revenue, $Million)
Table 52. UK Shockwave Therapy Market, by End-user, 2021-2031 (Revenue, $Million)
Table 53. Italy Shockwave Therapy Market, by Technique, 2021-2031 (Revenue, $Million)
Table 54. Italy Shockwave Therapy Market, by Product, 2021-2031 (Revenue, $Million)
Table 55. Italy Shockwave Therapy Market, by Application, 2021-2031 (Revenue, $Million)
Table 56. Italy Shockwave Therapy Market, by End-user, 2021-2031 (Revenue, $Million)
Table 57. Spain Shockwave Therapy Market, by Technique, 2021-2031 (Revenue, $Million)
Table 58. Spain Shockwave Therapy Market, by Product, 2021-2031 (Revenue, $Million)
Table 59. Spain Shockwave Therapy Market, by Application, 2021-2031 (Revenue, $Million)
Table 60. Spain Shockwave Therapy Market, by End-user, 2021-2031 (Revenue, $Million)
Table 61. Rest of Europe Shockwave Therapy Market, by Technique, 2021-2031 (Revenue, $Million)
Table 62. Rest of Europe Shockwave Therapy Market, by Product, 2021-2031 (Revenue, $Million)
Table 63. Rest of Europe Shockwave Therapy Market, by Application, 2021-2031 (Revenue, $Million)
Table 64. Rest of Europe Shockwave Therapy Market, by End-user, 2021-2031 (Revenue, $Million)
Table 65. Asia-Pacific Shockwave Therapy Market, by Technique, 2021-2031 (Revenue, $Million)
Table 66. Asia-Pacific Shockwave Therapy Market, by Product, 2021-2031 (Revenue, $Million)
Table 67. Asia-Pacific Shockwave Therapy Market, by Application, 2021-2031 (Revenue, $Million)
Table 68. Asia-Pacific Shockwave Therapy Market, by End-user, 2021-2031 (Revenue, $Million)
Table 69. Asia-Pacific Shockwave Therapy Market, by Country, 2021-2031 (Revenue, $Million)
Table 70. Japan Shockwave Therapy Market, by Technique, 2021-2031 (Revenue, $Million)
Table 71. Japan Shockwave Therapy Market, by Product, 2021-2031 (Revenue, $Million)
Table 72. Japan Shockwave Therapy Market, by Application, 2021-2031 (Revenue, $Million)
Table 73. Japan Shockwave Therapy Market, by End-user, 2021-2031 (Revenue, $Million)
Table 74. China Shockwave Therapy Market, by Technique, 2021-2031 (Revenue, $Million)
Table 75. China Shockwave Therapy Market, by Product, 2021-2031 (Revenue, $Million)
Table 76. China Shockwave Therapy Market, by Application, 2021-2031 (Revenue, $Million)
Table 77. China Shockwave Therapy Market, by End-user, 2021-2031 (Revenue, $Million)
Table 78. Australia Shockwave Therapy Market, by Technique, 2021-2031 (Revenue, $Million)
Table 79. Australia Shockwave Therapy Market, by Product, 2021-2031 (Revenue, $Million)
Table 80. Australia Shockwave Therapy Market, by Application, 2021-2031 (Revenue, $Million)
Table 81. Australia Shockwave Therapy Market, by End-user, 2021-2031 (Revenue, $Million)
Table 82. India Shockwave Therapy Market, by Technique, 2021-2031 (Revenue, $Million)
Table 83. India Shockwave Therapy Market, by Product, 2021-2031 (Revenue, $Million)
Table 84. India Shockwave Therapy Market, by Application, 2021-2031 (Revenue, $Million)
Table 85. India Shockwave Therapy Market, by End-user, 2021-2031 (Revenue, $Million)
Table 86. South Korea Shockwave Therapy Market, by Technique, 2021-2031 (Revenue, $Million)
Table 87. South Korea Shockwave Therapy Market, by Product, 2021-2031 (Revenue, $Million)
Table 88. South Korea Shockwave Therapy Market, by Application, 2021-2031 (Revenue, $Million)
Table 89. South Korea Shockwave Therapy Market, by End-user, 2021-2031 (Revenue, $Million)
Table 90. Rest of Asia-Pacific Shockwave Therapy Market, by Technique, 2021-2031 (Revenue, $Million)
Table 91. Rest of Asia-Pacific Shockwave Therapy Market, by Product, 2021-2031 (Revenue, $Million)
Table 92. Rest of Asia-Pacific Shockwave Therapy Market, by Application, 2021-2031 (Revenue, $Million)
Table 93. Rest of Asia-Pacific Shockwave Therapy Market, by End-user, 2021-2031 (Revenue, $Million)
Table 94. LAMEA Shockwave Therapy Market, by Technique, 2021-2031 (Revenue, $Million)
Table 95. LAMEA Shockwave Therapy Market, by Product, 2021-2031 (Revenue, $Million)
Table 96. LAMEA Shockwave Therapy Market, by Application, 2021-2031 (Revenue, $Million)
Table 97. LAMEA Shockwave Therapy Market, by End-user, 2021-2031 (Revenue, $Million)
Table 98. LAMEA Shockwave Therapy Market, by Country, 2021-2031 (Revenue, $Million)
Table 99. Brazil Shockwave Therapy Market, by Technique, 2021-2031 (Revenue, $Million)
Table 100. Brazil Shockwave Therapy Market, by Product, 2021-2031 (Revenue, $Million)
Table 101. Brazil Shockwave Therapy Market, by Application, 2021-2031 (Revenue, $Million)
Table 102. Brazil Shockwave Therapy Market, by End-user, 2021-2031 (Revenue, $Million)
Table 103. Saudi Arabia Shockwave Therapy Market, by Technique, 2021-2031 (Revenue, $Million)
Table 104. Saudi Arabia Shockwave Therapy Market, by Product, 2021-2031 (Revenue, $Million)
Table 105. Saudi Arabia Shockwave Therapy Market, by Application, 2021-2031 (Revenue, $Million)
Table 106. Saudi Arabia Shockwave Therapy Market, by End-user, 2021-2031 (Revenue, $Million)
Table 107. South Africa Shockwave Therapy Market, by Technique, 2021-2031 (Revenue, $Million)
Table 108. South Africa Shockwave Therapy Market, by Product, 2021-2031 (Revenue, $Million)
Table 109. South Africa Shockwave Therapy Market, by Application, 2021-2031 (Revenue, $Million)
Table 110. South Africa Shockwave Therapy Market, by End-user, 2021-2031 (Revenue, $Million)
Table 111. Rest of LAMEA Shockwave Therapy Market, by Technique, 2021-2031 (Revenue, $Million)
Table 112. Rest of LAMEA Shockwave Therapy Market, by Product, 2021-2031 (Revenue, $Million)
Table 113. Rest of LAMEA Shockwave Therapy Market, by Application, 2021-2031 (Revenue, $Million)
Table 114. Rest of LAMEA Shockwave Therapy Market, by End-user, 2021-2031 (Revenue, $Million)
Table 115. Edap Tms: Key Executives
Table 116. Edap Tms: Company Snapshot
Table 117. Edap Tms: Operating Segments
Table 118. Edap Tms: Product Portfolio
Table 119. Edap Tms: Net Sales
Table 120. Edap Tms: Key Stratergies
Table 121. Bio-Med Inc.: Key Executives
Table 122. Bio-Med Inc.: Company Snapshot
Table 123. Bio-Med Inc.: Operating Segments
Table 124. Bio-Med Inc.: Product Portfolio
Table 125. Bio-Med Inc.: Net Sales
Table 126. Bio-Med Inc.: Key Stratergies
Table 127. Dornier Medtech: Key Executives
Table 128. Dornier Medtech: Company Snapshot
Table 129. Dornier Medtech: Operating Segments
Table 130. Dornier Medtech: Product Portfolio
Table 131. Dornier Medtech: Net Sales
Table 132. Dornier Medtech: Key Stratergies
Table 133. Karl Storz Se & Co. Kg: Key Executives
Table 134. Karl Storz Se & Co. Kg: Company Snapshot
Table 135. Karl Storz Se & Co. Kg: Operating Segments
Table 136. Karl Storz Se & Co. Kg: Product Portfolio
Table 137. Karl Storz Se & Co. Kg: Net Sales
Table 138. Karl Storz Se & Co. Kg: Key Stratergies
Table 139. Boston Scientific Corporation: Key Executives
Table 140. Boston Scientific Corporation: Company Snapshot
Table 141. Boston Scientific Corporation: Operating Segments
Table 142. Boston Scientific Corporation: Product Portfolio
Table 143. Boston Scientific Corporation: Net Sales
Table 144. Boston Scientific Corporation: Key Stratergies
Table 145. Btl Industries: Key Executives
Table 146. Btl Industries: Company Snapshot
Table 147. Btl Industries: Operating Segments
Table 148. Btl Industries: Product Portfolio
Table 149. Btl Industries: Net Sales
Table 150. Btl Industries: Key Stratergies
Table 151. Shockwave Medical, Inc: Key Executives
Table 152. Shockwave Medical, Inc: Company Snapshot
Table 153. Shockwave Medical, Inc: Operating Segments
Table 154. Shockwave Medical, Inc: Product Portfolio
Table 155. Shockwave Medical, Inc: Net Sales
Table 156. Shockwave Medical, Inc: Key Stratergies
Table 157. Sanuwave & Sanuwave Health, Inc: Key Executives
Table 158. Sanuwave & Sanuwave Health, Inc: Company Snapshot
Table 159. Sanuwave & Sanuwave Health, Inc: Operating Segments
Table 160. Sanuwave & Sanuwave Health, Inc: Product Portfolio
Table 161. Sanuwave & Sanuwave Health, Inc: Net Sales
Table 162. Sanuwave & Sanuwave Health, Inc: Key Stratergies
Table 163. Inceler Medikal Co. Ltd.: Key Executives
Table 164. Inceler Medikal Co. Ltd.: Company Snapshot
Table 165. Inceler Medikal Co. Ltd.: Operating Segments
Table 166. Inceler Medikal Co. Ltd.: Product Portfolio
Table 167. Inceler Medikal Co. Ltd.: Net Sales
Table 168. Inceler Medikal Co. Ltd.: Key Stratergies
Table 169. Ems Dolorclast: Key Executives
Table 170. Ems Dolorclast: Company Snapshot
Table 171. Ems Dolorclast: Operating Segments
Table 172. Ems Dolorclast: Product Portfolio
Table 173. Ems Dolorclast: Net Sales
Table 174. Ems Dolorclast: Key Stratergies
List of Figures
Figure 1. Segmentation of Shockwave Therapy Market, 2021-2031
Figure 2. Shockwave Therapy Market, 2021-2031
Figure 3. Top Investment Pockets, by Region
Figure 4. Porter Five-1
Figure 5. Porter Five-2
Figure 6. Porter Five-3
Figure 7. Porter Five-4
Figure 8. Porter Five-5
Figure 9. Shockwave Therapy Market: Drivers, Restraints and Opportunities
Figure 10. Shockwave Therapy Market, by Technique, 2021 (%)
Figure 11. Comparative Share Analysis of Electrohydraulic Technique Shockwave Therapy Market, 2021 and 2031 (%)
Figure 12. Comparative Share Analysis of Piezoelectric Technique Shockwave Therapy Market, 2021 and 2031 (%)
Figure 13. Comparative Share Analysis of Radial Technique Shockwave Therapy Market, 2021 and 2031 (%)
Figure 14. Comparative Share Analysis of Electromagnetic Shock Waves Shockwave Therapy Market, 2021 and 2031 (%)
Figure 15. Shockwave Therapy Market, by Product, 2021 (%)
Figure 16. Comparative Share Analysis of Mobile Shockwave Therapy Devices Shockwave Therapy Market, 2021 and 2031 (%)
Figure 17. Comparative Share Analysis of Fixed Shockwave Therapy Devices Shockwave Therapy Market, 2021 and 2031 (%)
Figure 18. Shockwave Therapy Market, by Application, 2021 (%)
Figure 19. Comparative Share Analysis of Orthopedics Shockwave Therapy Market, 2021 and 2031 (%)
Figure 20. Comparative Share Analysis of Cardiology Shockwave Therapy Market, 2021 and 2031 (%)
Figure 21. Comparative Share Analysis of Urology Shockwave Therapy Market, 2021 and 2031 (%)
Figure 22. Comparative Share Analysis of Others Shockwave Therapy Market, 2021 and 2031 (%)
Figure 23. Shockwave Therapy Market, by End-user, 2021 (%)
Figure 24. Comparative Share Analysis of Hospitals Shockwave Therapy Market, 2021 and 2031 (%)
Figure 25. Comparative Share Analysis of Clinics Shockwave Therapy Market, 2021 and 2031 (%)
Figure 26. Comparative Share Analysis of Others Shockwave Therapy Market, 2021 and 2031 (%)
Figure 27. Shockwave Therapy Market by Region, 2021
Figure 28. U.S. Shockwave Therapy Market, 2021-2031 ($Million)
Figure 29. Canada Shockwave Therapy Market, 2021-2031 ($Million)
Figure 30. Mexico Shockwave Therapy Market, 2021-2031 ($Million)
Figure 31. Germany Shockwave Therapy Market, 2021-2031 ($Million)
Figure 32. France Shockwave Therapy Market, 2021-2031 ($Million)
Figure 33. UK Shockwave Therapy Market, 2021-2031 ($Million)
Figure 34. Italy Shockwave Therapy Market, 2021-2031 ($Million)
Figure 35. Spain Shockwave Therapy Market, 2021-2031 ($Million)
Figure 36. Rest of Europe Shockwave Therapy Market, 2021-2031 ($Million)
Figure 37. Japan Shockwave Therapy Market, 2021-2031 ($Million)
Figure 38. China Shockwave Therapy Market, 2021-2031 ($Million)
Figure 39. Australia Shockwave Therapy Market, 2021-2031 ($Million)
Figure 40. India Shockwave Therapy Market, 2021-2031 ($Million)
Figure 41. South Korea Shockwave Therapy Market, 2021-2031 ($Million)
Figure 42. Rest of Asia-Pacific Shockwave Therapy Market, 2021-2031 ($Million)
Figure 43. Brazil Shockwave Therapy Market, 2021-2031 ($Million)
Figure 44. Saudi Arabia Shockwave Therapy Market, 2021-2031 ($Million)
Figure 45. South Africa Shockwave Therapy Market, 2021-2031 ($Million)
Figure 46. Rest of LAMEA Shockwave Therapy Market, 2021-2031 ($Million)
Figure 47. Top Winning Strategies, by Year
Figure 48. Top Winning Strategies, by Development
Figure 49. Top Winning Strategies, by Company
Figure 50. Product Mapping of Top 10 Players
Figure 51. Competitive Dashboard
Figure 52. Competitive Heatmap of Top 10 Key Players
Figure 53. Top Player Positioning, 2021
Figure 54. Edap Tms.: Net Sales ($Million)
Figure 55. Bio-Med Inc..: Net Sales ($Million)
Figure 56. Dornier Medtech.: Net Sales ($Million)
Figure 57. Karl Storz Se & Co. Kg.: Net Sales ($Million)
Figure 58. Boston Scientific Corporation.: Net Sales ($Million)
Figure 59. Btl Industries.: Net Sales ($Million)
Figure 60. Shockwave Medical, Inc.: Net Sales ($Million)
Figure 61. Sanuwave & Sanuwave Health, Inc.: Net Sales ($Million)
Figure 62. Inceler Medikal Co. Ltd..: Net Sales ($Million)
Figure 63. Ems Dolorclast.: Net Sales ($Million)
Executive Summary
According to the report titled, “Shockwave Therapy Market," The global shockwave therapy market was valued at $1,171.19 million in 2021 and is projected to reach $2,269.62 million by 2031, registering 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. The concept and technology originally evolved from the discovery that focused sound waves were capable of breaking down kidneys and gallstones. Generated shockwaves have proven successful in a number of scientific studies for the treatment of chronic conditions. Shockwave therapy is its own treatment for a lingering injury, or pain resulting from illness.Key factors driving the growth of the shockwave therapy market include increasing incidence of muscle and tendon disorders and sports-related injuries. The rise in technological advancement, and the rise in chronic and musculoskeletal disorders. The rise in the prevalence of sports-related injuries increases the cases of muscle and tendon disorders, which increase the demand for shockwave therapy is the major factor that boosts the growth of the market. For instance, according to the data published by National Safety Council, it has been reported that with regard to exercise and exercise equipment injuries, the number of injuries increased slightly in 2021 (409,224 injuries in 2021 compared to 377,939 in 2020), the application with the highest injury rate is 15- to 24-year-olds, nearly twice as many males are injured as females (4,148,404 males vs. 2,158,887 females), and 91% of injury victims are treated in emergency departments and released. Moreover, the surge in the number of road accidents is another major factor contributing to the growth of the market. For instance, according to the report published by World Health Organization, in 2021 every year the lives of approximately 1.3 million people are cut short as a result of a road traffic crash. Between 20 and 50 million more people suffer non-fatal injuries, with many incurring a disability as a result of their injury. In addition, more than 90% of road traffic deaths occur in low- and middle-income countries. Road traffic injury death rates are highest in the African region and lowest in the European region. Thus, the increasing incidence of muscle and tendon injuries is anticipated to increase the demand for technologically advanced shockwave therapy devices, thereby driving the growth of the market.
The market also offers growth opportunities to the key players in the market. The rise in technological advancement in the healthcare systems in developing nations (such as Brazil, India, and China) has been undergoing rapid changes in terms of healthcare reforms. The surge in geriatric populations and increase in the number of chronic diseases, and the increase in the number of sports-related injuries of muscles and tendons increase the need for shockwave therapy procedures which are expected to drive the growth of the market. In addition, the lack of physical activity among the people increases the number of chronic diseases in society and the emerging nations need to focus on the adoption of the latest technologies that are crucial in making medical products very advanced and reliable to trust and scalability to cater to the needs of the rising patient pool. Furthermore, the increasingly sedentary lifestyle practices which are followed in the post covid phase are giving rise to chronic spinal ailments and back problems. These disorders require proper management and treatment in order to achieve the best results. Therefore, technological advancements in developing nations offer lucrative opportunities for the growth of the shockwave therapy market.
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 type, it is bifurcated into mobile and fixed. By application, it is classified into urology, orthopedics, 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.
The key players profiled in the study include 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 Market Insights
- By technology, the electrohydraulic shockwave segment is expected to experience rapid growth in the market and is estimated to reach $ 889.24 million by 2031, with a CAGR of 7.3%. However, the piezoelectric shockwave segment is estimated to be growing with a significant CAGR of 7.0% during the forecast period.
- By type, the mobile segment dominated the global market. However, the fixed segment is expected to grow with a significant CAGR of 7.3% during the forecast period.
- By application, the orthopedic segment dominated the global market. However, the cardiology segment is expected to grow with a significant CAGR of 7.4% during the forecast period.
- By end-user, the hospital segment dominated the global market. However, the clinic segment is expected to grow with a significant CAGR of 7.2% during the forecast period.
- Based on region, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR of 7.8% during the forecast period
Companies Mentioned
- 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
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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