Extracorporeal Shock Wave Therapy Device Market is estimated to register 6.9% CAGR during 2022-2028

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.

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.

This report focuses on Extracorporeal Shock Wave Therapy Device volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Extracorporeal Shock Wave Therapy Device market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.

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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. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • Table-top/Portable ESWT Device
  • Hand-push Type ESWT Device

Segment by Application

  • Medical Institutions
  • Physical Therapy and Sports Center

By Company

  • 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)

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

 

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