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Shock Wave Therapy Market (By Technique: Radial Shock Waves, Electromagnetic Shock Waves, Electrohydraulic Shock Waves, Piezoelectric Shock Waves, Others; By Product: Fixed Shockwave Therapy Devices, Mobile Shockwave Therapy Devices; By Diseases; By Application; By End User) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032
The global shockwave therapy market size was valued at USD 1.70 billion in 2022 and is projected to hit around USD 4.81 billion by 2032 growing at a compound annual growth rate (CAGR) of 11% during the forecast period 2023 to 2032.
The shockwave therapy is mainly introduced in the form of effective therapy which is noninvasive in order to treat urological conditions. With the help of rapid research and development this therapy was found to be potent in order to manage total hiparthoplasty, orthopedic surgeries and other fracture healing procedures. It mainly deals with new vascularisation of junctions of the tendon and bones which require greater precision in order to have a proper movement after the procedure. Osteoprogenitor differentiations are carried out with the help of this procedure. The entire process deals with the formation of hematoma which ultimately results in the formation of new born tissue. This is given rise with the help of shock waves that stimulate pressure upon the targeted site. The patellar tendinopathy is being recently treated by this technique along with trochanteric pain disorders. Knee osteoarthritis can also be successfully treated with the help of this advanced technology. Adhesive capsulitis is another disorder which finds its solution in this advanced method of treatment.
The increasing chronic disorders relating to bones and tendons have led to the demand of this technology for treatment. The increased cases of muscular disorders which are clubbed with spinal diseases proves to be beneficial for the growth of the market of shockwave therapy. The rapid increase in the individuals who suffer with acute neck and back pain is anticipated to propel the size of the market in the coming years which will demand the need for shockwave therapy. With the help of shocked therapy numerous diseases can be treated effectively and quickly with great precision. The reliability of the treatment also proves to be a driving force for the growth of the market during the forecast period. The rapid urbanization has increased in the number of people leading modern lifestyles which gives rise to spinal disorders because of the long working hours in order to fulfill their financial needs.
Increasing investments as a result of the development and Research which is being parade out by the various companies for therapeutic purposes and to make the treatment quicker and easier for the patients prove to be great challenges for the market. On the other hand, the design which is required for successfully implementing these techniques imposes a huge cost on the manufacturers.
The occurrence of the pandemic proves to be upgrade challenge for the shockwave therapy market. In order to prevent cross infection and spread of the disease the hospitals were functioning based on selective surgeries. The other unimportant surgical procedures were kept on hold in order to safeguard the health of the patients as well as the staff. There was an increase in the demand for advanced technology and medical supplies in order to manage the infected individuals. The majorly used devices included oxygen generators, life support machines and respiratory support devices, which were employed to save the critical patients. The use of protective eyeglasses and gloves had increased tremendously in order to protect the health care workers from getting infected from the civil population. The manufacturers of the medical supplies have a great opportunity to capitalize the rapid demand of these products which ensure the safety of the medical staff.
Growth Factors
The rapid growth of the IT sector has increased the number of people suffering with spinal disorders and muscular spasms which paves a way for the shockwave therapy during the coming years.
Rapid globalization has encouraged the involvement of sports all over the world into the daily lifestyle. This has given rise to numerous international sport events such as the Olympics. This gives rise to numerous opportunities for the sports medicine and other medical procedures to be involved in the event. In order to obtain quicker results with precise treatment advance technology is made use of in order to keep up with the competitors. With the increase in the competition among the countries and their sport players the number of injuries related to these sports has also increased to a great extent which demand advance technology and therapeutics for treatment within a short period of time.
Shockwave therapy is one of those advanced therapeutics which are required for treating such injuries with precision and accuracy. The increase number of chronic diseases among the population has also helped the market to show a considerable growth during the forecast period. The huge number of people belonging to the geriatric population has given rise to a varied range of chronic diseases, majorly relating to the spinal cord and joints which requires special attention clubbed with advanced technology.
The shockwave therapy has also shown a considerable work in the other chronic diseases which are relating to the cardiovascular system. Plastic surgery is another sector which makes use of this advanced technology in order to obtain better results within a short span of time. The growth of the market is hindered as a result of the high cost which is associated with the development of these technologies. The research and development which is carried out in order to obtain the desired results also imposes a huge economic pressure on the manufacturers and developers. The sedentary lifestyle which has been adopted due to rapid modernization and urbanization has increased the number of people suffering with chronic diseases along with cardiovascular disorders. This proves to be a great opportunity for the shockwave therapy to show its effectiveness among the masses.
The rapid increase in congenital disorders has also proved to be upgrade opportunity for the market with great results. Sports injury proves to be a major sector for the shockwave therapy market which requires prompt service with best results. These are multidisciplinary devices that help to provide the therapeutic treatments for physiotherapy, urology, sports medicine and orthopedics. With the increased demand for sports the number of injuries among the younger generation has also increased. This requires better healing capacities which are provided with the help of these advanced therapeutic procedures. With the help of these advanced technologies the pain is relieved faster and mobility is restored quicker than usual. The shock wave therapy is also known as ESWT which represents a non invasive therapeutic procedure that is put into use in special areas.
Report Scope of the Shock Wave Therapy Market
| Report Coverage | Details |
| Market Size in 2023 | USD 1.88 Billion |
| Market Size by 2032 |
USD 4.81 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 11% |
| North America Market Share in 2022 | 47% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | Technique, Product, Diseases, Application, End User, Geography |
| Companies Mentioned | Dornier MedTech GmbH, Zimmer MedizinSysteme GmbH, Medtrue Enterprise Co. Ltd., MS Electro Medical Systems S.A., BTL Corporate, Lumenis Ltd., Edaptms TMS, Boston Scientific Corporation, C.R. Bard Inc., Cook Group Inc., Olympus Corporation |
Product Insights
On the basis of product type, the mobile shockwave therapy devices have ruled the market pertaining to its flexibility and mobility. It is accessible to remote places where the patient can't be brought to the hospital setup. .
Further, the fixed shockwave therapy devices are seen to show a considerable growth during the forecast period which is mainly used in the hospital setups where a walk-in population is met with directly.
Technique Insights
On the basis of technique, the electrohydraulic shockwaves have been found to be the leading segment in the market which is followed by the piezoelectric shockwave therapy. These are mainly used for the orthopedic surgeries which require higher precision and accuracy. The radial shockwave therapy and electromagnetic shockwave are the next segments that prove to be in demand in the market.
Disease Insights
On the basis of diseases, long bone fractures along with upper and lower extremity tendinopathy form the leading market for this segment pertaining to their high prevalence in the market. Plantar fasciopathy is the next segment in this sector which is further followed by medial tibia stress syndrome and avasive necrosis.
Application Insights
On the basis of application, orthopedic surgeries are the most common procedures that are carried out in the hospitals pertaining to the increasing sport activities of the people resulting from increasing awareness regarding health problems. The next in line are the cardiovascular system disorders which are a major side effect of the modern lifestyle of the people. This is followed by the urological conditions and others.
End Users Insights
On the basis of end users, the hospitals form the largest market for the shockwaves therapy as the common people directly end up into this institution when need arises. This segment deals with multiple factors hence are opted for easily by the people. Clinic and laboratories fall next in the line after hospitals which are concerned with such problems of the people. These segments usually do not come into consideration for major procedures hence their support is obtained at a primary level.
Geography Insights
The North American market dominates in the segment is result of the increased number of cases belonging to musculoskeletal disorders and arthritis. The huge geriatric population belonging to this region also helps to increase the market size. The Asia Pacific region also proves to be a significant market for the shocked therapy as a result of the increase in the number of chronic diseases among the people. The rapid growth in the information technology sector of this region has given rise to chronic neck and spinal disorders that requires this advanced technology for treatment. The European nations provide a considerable growth during the forecast period pertaining to the rise in chronic ailments among the people.
The shockwave therapy is mainly introduced in the form of effective therapy which is noninvasive in order to treat urological conditions. With the help of rapid research and development this therapy was found to be potent in order to manage total hiparthoplasty, orthopedic surgeries and other fracture healing procedures. It mainly deals with new vascularisation of junctions of the tendon and bones which require greater precision in order to have a proper movement after the procedure. Osteoprogenitor differentiations are carried out with the help of this procedure. The entire process deals with the formation of hematoma which ultimately results in the formation of new born tissue. This is given rise with the help of shock waves that stimulate pressure upon the targeted site. The patellar tendinopathy is being recently treated by this technique along with trochanteric pain disorders. Knee osteoarthritis can also be successfully treated with the help of this advanced technology. Adhesive capsulitis is another disorder which finds its solution in this advanced method of treatment.
The increasing chronic disorders relating to bones and tendons have led to the demand of this technology for treatment. The increased cases of muscular disorders which are clubbed with spinal diseases proves to be beneficial for the growth of the market of shockwave therapy. The rapid increase in the individuals who suffer with acute neck and back pain is anticipated to propel the size of the market in the coming years which will demand the need for shockwave therapy. With the help of shocked therapy numerous diseases can be treated effectively and quickly with great precision. The reliability of the treatment also proves to be a driving force for the growth of the market during the forecast period. The rapid urbanization has increased in the number of people leading modern lifestyles which gives rise to spinal disorders because of the long working hours in order to fulfill their financial needs.
Increasing investments as a result of the development and Research which is being parade out by the various companies for therapeutic purposes and to make the treatment quicker and easier for the patients prove to be great challenges for the market. On the other hand, the design which is required for successfully implementing these techniques imposes a huge cost on the manufacturers.
The occurrence of the pandemic proves to be upgrade challenge for the shockwave therapy market. In order to prevent cross infection and spread of the disease the hospitals were functioning based on selective surgeries. The other unimportant surgical procedures were kept on hold in order to safeguard the health of the patients as well as the staff. There was an increase in the demand for advanced technology and medical supplies in order to manage the infected individuals. The majorly used devices included oxygen generators, life support machines and respiratory support devices, which were employed to save the critical patients. The use of protective eyeglasses and gloves had increased tremendously in order to protect the health care workers from getting infected from the civil population. The manufacturers of the medical supplies have a great opportunity to capitalize the rapid demand of these products which ensure the safety of the medical staff.
Recent developments
Key market players
Segments covered in the report
(Note*: We offer report based on sub segments as well. Kindly, let us know if you are interested)
By Technique
By Product
By Diseases
By Application
By End User
By Geography
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