The global Extracorporeal Shock Wave Therapy Device market was valued at US$ 5 million in 2020 and is expected to reach US$ 8 million by the end of 2027, growing at a CAGR of 6.9% during 2021-2027.
Extracorporeal Shock Wave Therapy (ESWT) is a noninvasive, FDA-approved technology that uses shock waves to treat chronic, painful conditions of the musculoskeletal system. The procedure has also proven to be extremely effective for improved penile function. ESWT produces intense, short energy waves that travel faster than the speed of sound. This shock wave, in turn, generates pulses of high pressure sound that travel through the skin, initiating tissue repair. ESWT can often heal even chronic conditions that the body has previously been unable to repair on its own. The weak shock waves interact with deep tissue where they cause mechanical stress and microtra uma that stimulate the body to jump into action.
Europe is the largest Extracorporeal Shock Wave Therapy Device market with about 40% market share. North America is follower, accounting for about 28% market share.
The key players are Chattanooga(DJO)(US), BTL(UK), Storz Medical(Switzerland), EMS Electro Medical Systems(Switzerland), MTS Medical(Germany), Zimmer MedizinSysteme(Germany), Gymna(Belgium), Likamed GmbH(Germany), Inceler Medikal(Turkey), HANIL-TM(Korea), HnT Medical(Korea), Urontech(Korea), Wikkon(China), Longest(China), Xiangyu Medical(China), Shengchang Medical(China) etc. Top 3 companies occupied about 49% market share.
Global Extracorporeal Shock Wave Therapy Device Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Extracorporeal Shock Wave Therapy Device Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Chattanooga(Djo), Btl, Storz Medical, Ems Electro Medical Systems, Mts Medical, Zimmer Medizinsysteme, Gymna, Likamed Gmbh, Inceler Medikal, Hanil-Tm, Hnt Medical, Urontech, Wikkon, Longest, Xiangyu Medical, Shengchang Medical and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Focused ESWT
- Radial ESWT
Segment by Application
- Medical Institutions
- Physical Therapy and Sports Center
Table of Content:
1 Extracorporeal Shock Wave Therapy Device Market Overview
2 Extracorporeal Shock Wave Therapy Device Market Competition by Manufacturers
3 Extracorporeal Shock Wave Therapy Device Retrospective Market Scenario by Region
4 Global Extracorporeal Shock Wave Therapy Device Historic Market Analysis by Type
5 Global Extracorporeal Shock Wave Therapy Device Historic Market Analysis by Application
6 Key Companies Profiled
7 Extracorporeal Shock Wave Therapy Device Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Extracorporeal Shock Wave Therapy Device Market Dynamics
10 Global Extracorporeal Shock Wave Therapy Device Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.