Shock Wave Therapy Device Market: Global Industry Size, Share, Growth, Forecast 2016 - 2023
Latest
industry research report on: Global Shock Wave Therapy Device Market
| Industry Size, Share, Research, Reviews, Analysis, Strategies,
Demand, Growth, Segmentation, Parameters, Forecasts
Shock wave therapy devices are
the new non-invasive treatment for musculoskeletal pain and is
frequently used in physiotherapy, orthopedics, urology, sports
medicine and veterinary medicine. It is commonly known as
extracorporeal shock wave therapy (ESWT). The term extra-corporeal
stands for outside the body as the shockwaves are generated outside
the body. Shockwave therapy is an alternative for surgery to those
who are suffering from various joint and tendon disorders. These
devices are efficient in rapid pain management and mobility
restoration. They are used ideally to speed up the recovery process
and to cure various indications which leads to acute or chronic
pain.
Shockwave therapy devices use
acoustic waves with high energy peak. These acoustic waves carries
high energy resulting in analgesic effect and can be used to treat
wide variety of painful spots, bone, soft tissue, myoskeletal tissues
with subchronic, subacute and chronic conditions. This results into
faster healing, regeneration, revascularization and reparative
processes of the bone cells, tendons, ligaments or any other soft
tissues which often leads return to pre-injury activity levels.
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The
shockwaves are effective in mechanical stimulation, increase cellular
activity of body, break down calcific deposits primarily (not
exclusively in tendon) by generating cavitation bubbles, and
stimulates a metabolic reaction in the affected tissue. The
developing infrastructure of healthcare and increasing use of
technologically advanced equipment to carry out various therapies are
few of the major drivers for the growth of shockwave therapy device
market. In addition to it, increasing prevalence and incidence of
bone injuries, musculoskeletal pain, epicondylitis, plantar fasciitis
and patellar and achilles tendinopathies, etc. are expected to
enhance the shockwave therapy device market.
The
shockwave therapy device market has been segmented by product type,
technology, end-user and geography. By product type, the market can
be segmented as mobile shockwave therapy devices and fixed shockwave
therapy devices. Based on technology the market has been segmented
into four types, namely, electromagnetic technique, electrohydraulic
technique, piezoelectric technique, and radial technique. Out of the
four techniques, electrohydraulic shockwaves are high-energy acoustic
waves generating with high voltage electrode under water explosion.
In lithotripsy (urology), shockwaves are primarily used to
disintegrate urolithiasis, where as in orthopedics, it is used to
induce the regeneration and tissue repair. The electromagnetic
shockwave technique produces a strong magnetic field by electric
current passing through the coil, and the subsequent compression of
fluid generates the shockwave. In the piezoelectric technique, the
high voltage current is applied to the sphere consisting piezo
crystals inside it, which creates the piezoelectric effect and
induces shockwave by deforming the crystals. The radial technique
principle employs a focal point which is different from the other
three techniques. The focal point has direct device-skin interface
and is spread from the top of the radial device in megaphone fashion.
Based on end-user, the shock wave therapy devices are segmented into
hospitals, physiotherapy clinics, ambulatory care, radiology labs and
others.
Geographically,
North America was observed to be the largest shock wave therapy
device market due to technological advancement in the region. The
significant Investment in medical device technology research and
development have resulted to recent advances in the technique. Due to
increased government investment, Europe is the second largest shock
wave therapy device market contributing to the market growth.
However, Asia Pacific region is expected to be the fastest growing
due to new development of novel technological facilities, increasing
population, emerging health care infrastructures, and changing
lifestyle. . Asia Pacific has some of the fastest growing economies
such as Japan, China and India which are emerging regions for the
growth of shock wave therapy device market. South American countries
such as Brazil and Mexico are the regions which have significant
potential in the market due to evolving medical structure, and high
disposable income.
The
global major players operating in shock wave therapy device market
include Boston Scientific Corporation, Dornier MedTech GmbH, C.R.
Bard Inc, Cook Group Inc., Medtrue Enterprise Co. Ltd., Lumenis Ltd,
Olympus Corporation, Siemens AG, Karl Storz Gmbh and Co. KG, Edaptms
TMS and other significant players worldwide.
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The report offers a
comprehensive evaluation of the market. It does so via in-depth
insights, understanding market evolution by tracking historical
developments, and analyzing the present scenario and future
projections based on optimistic and likely scenarios. Each research
report serves as a repository of analysis and information for every
facet of the market, including but not limited to: Regional markets,
technology developments, types, applications, and the competitive
landscape.
The study is a source of
reliable data on:
Key market segments and
sub-segments
Evolving market trends and
dynamics
Changing supply and demand
scenarios
Quantifying market
opportunities through market sizing and market forecasting
Tracking current
trends/opportunities/challenges
Competitive insights
Opportunity mapping in
terms of technological breakthroughs
The regional analysis
covers:
North America (U.S. and
Canada)
Latin America (Mexico,
Brazil, Peru, Chile, and others)
Western Europe (Germany,
U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands,
Luxembourg)
Eastern Europe (Poland,
Russia)
Asia Pacific (China, India,
Japan, ASEAN, Australia and New Zealand)
Middle East and Africa
(GCC, Southern Africa, North Africa)
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and the economic outlook. All the above data points are utilized to
generate a statistical model targeting the sector marketplace. More
than 300 TMR analysts across the world integrate these elements into
a framework to determine the subsector market size for a base year
and then forecast growth within each market.
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interviewed as experts, are screened and qualified based on certain
criteria in addition to their decision-making authority and the scope
of activity within their organizations.
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