Published on : Apr 23, 2018
Albany, New York, April 23, 2018: Presently, the swelling use of shock wave therapy devices to treat acute, sub-acute and chronic conditions, propelling the market growth of the shock wave therapy devices. A comprehensive study, titled “Shock Wave Therapy Device Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” has been recently added to the research repository of Market Research Hub (MRH), which aims to offer readers a clear perspective of the market on a global and regional level. Based on the geographical spread, the shock wave therapy market is divided into North America, Latin America, Japan, Europe, Asia Pacific and Middle East & Africa. Each of these regions is analyzed on the basis of revenue comparison (US$ Mn) and market size, 2013 to 2025.
Market Introduction and Growth Prospects
As per the analyst’s estimations, the global shock wave therapy device market was valued at over US$ 91.6 Mn in 2016 and is projected to surpass US$ 139.9 Mn by 2025, expanding at a CAGR of over 5.0% from 2017 to 2025. Shock wave therapy device is an administrative and clinical tool that helps patients suffering from erectile dysfunction to improve the overall operational efficiency. Several studies have demonstrated that shock waves induce an inflammatory response and neovascularization of the affected area, and helps in relieving pain, improving blood flow, and ultimately resulting in tissue regeneration and repair.
The above growth findings have been observed by the analysts based on some of the prime factors trending in the market. High prevalence and incidence rate of erectile dysfunction, cardiac diseases, increase in the number of cases of kidney stones, across the globe have increased patient flow to private clinics and hospitals. Due to these factors, there has been increasing demand for shock wave therapy devices in the near future.
The report further also suggests that increase in number of bone injuries and rise in demand for chair time optimization is projected to boost the shock wave therapy device market during (2017 to 2025). From a geographical standpoint, the market in the Asia Pacific is projected to expand at exponential CAGR during the forecast period. Growth in this region is mainly attributed to the large number of private clinics and hospitals, rise in the number of the geriatric population requiring physiotherapy services after bone surgery, and increase in adoption of sports activities.
As the report moves ahead, the study offers segmental analysis of the shock wave therapy devices market on the basis of application, modality, and end-user. In terms of technology, the global market is categorized into focused shock wave generation, radial or ballistic shock wave generation, and combined shock wave generation. By modality, it covers portable and fixed shock wave therapy.
At last, the competitive landscape analysis has been included which gives readers detailed analysis and insights on the business and product strategies of leading players. Major players profiled in the study include Boston Scientific Corporation, Dornier MedTech GmbH, EMS Electro Medical Systems S.A., Zimmer MedizinSysteme GmbH., BTL corporate, Siemens AG,?NCELER MEDICAL LTD, and Guangzhou Longest Science & Technology Co.
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