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Shock Wave Therapy Device Market Overview
Shock Wave Therapy Device Market size is estimated to reach $220.4 million by 2027, growing at a CAGR of 4.9% during the forecast period 2022-2027. The shockwave therapy system is a device that discharges targeted electric impulses to pulverize kidney and gall bladder stones. The unit offers a non-invasive means of crumbling the kidney stones into tinier pieces that will pass out of the body naturally. The Shockwave Therapy Device is planned to offer an efficient, non-invasive treatment of musculoskeletal disorders. Lithotripsy includes the management of a range of shock waves to the targeted stone. The shock waves, which are produced by a machine termed a lithotripter, are directed by x-ray onto the kidney stone. In the field of cardiology, Cardiac shockwave therapy (CSWT) is a possible and efficient remedy to advance revascularization in the ischemic myocardium of patients with refractory coronary heart disease (CHD).
The surging count of patients with musculoskeletal disorders, urological ailments, cardiac ailments, and patients enduring different surgical procedures is set to drive the Shock Wave Therapy Device Market. The multidisciplinary application of shockwave therapy in orthopedics, physiotherapy, urology, sports medicines, veterinary medicines, rehabilitation centers, plastic surgery, and others is set to propel the growth of the Shock Wave Therapy Device Market during the forecast period 2022-2027. This represents the Shock Wave Therapy Device Industry.
Shock Wave Therapy Device Market Segment Analysis – By Technique:
The Shock Wave Therapy Device Market based on technique can be further segmented into Electrohydraulic Shock Waves, Piezoelectric Shock Waves, Redial Shock Waves, and Others. The Electrohydraulic Shock Waves Segment held the largest market share in 2021. This growth is owing to the heightened awareness and the surging application of the technology over the past few years together with the raised inclination amidst the doctors. Shock Wave Therapy is utilized in the treatment of musculoskeletal disorders. The extensive series of applications in different ailments like cardiovascular diseases, veterinary medications, and plastic surgery is further propelling the growth of the Electrohydraulic Shock Waves segment.
Furthermore, the Piezoelectric Shock Waves segment is estimated to grow with the fastest CAGR of 5.6% during the forecast period 2022-2027 owing to the extensive application of the piezoelectric shock waves being produced by an electrical discharge by way of piezo crystals mounted on a parabolic surface with the surging application of shock wave therapy in musculoskeletal disorders.
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Shock Wave Therapy Device Market Segment Analysis – By End User:
The Shock Wave Therapy Device Market based on end-user can be further segmented into Hospitals, Clinics, and Others. The Hospitals segment held the largest market share in 2021. This growth is owing to the surging application of Shock Wave Therapy Device for the treatment of various ailments like musculoskeletal disorders in hospitals. Lithotripsy techniques are extensively performed in hospitals. The augmented financing by the key players owing to the heightening acceptance of shock wave therapy devices for cardiology in developing countries is further propelling the growth of this segment.
Furthermore, the Others segment is estimated to grow with the fastest CAGR of 5.7% during the forecast period 2022-2027 owing to the extensive application of Shock Wave Therapy Device for treatment of musculoskeletal disorders in conjunction with the proliferating demand for shock wave therapy devices in physiotherapy centers.
Shock Wave Therapy Device Market Segment Analysis – By Geography:
The Shock Wave Therapy Device Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of the World. North America held the largest share with 35% of the overall market in 2021. The growth of this region is owing to the soaring progressive technology and the well-entrenched healthcare infrastructure offering shock wave therapy for pain management in the North American region. Shock Wave Therapy is applied in the treatment of musculoskeletal disorders. The increasing predominance of cardiac ischemia, kidney stones, and erectile dysfunction is further propelling the growth of the Shock Wave Therapy Device Market in the North American region.
Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR rate over the forecast period 2022-2027. This growth is owing to factors like the enormous population in the Asia-Pacific region. The surging count of cases of musculoskeletal disorders, the unwillingness for surgical techniques, and the inclination towards non-invasive technologies in countries like India, China, and Japan are further fuelling the progress of the Shock Wave Therapy Device Market in the Asia-Pacific region.
Shock Wave Therapy Device Market – Drivers
Surging Clinical Applications Of Shock Wave Therapy Device For Musculoskeletal Disorders Are Projected To Drive The Growth Of Shock Wave Therapy Device Market:
Presently, the use of shock wave therapy (SWT) in musculoskeletal disorders has been principally utilized in the treatment of tendinopathies (proximal plantar fasciopathy, lateral elbow tendinopathy, calcific tendinopathy of the shoulder, and patellar tendinopathy and more) and bone defects (delayed-and non-union of bone fractures, avascular necrosis of femoral head and more). Though the technique of their therapeutic impacts is still unknown, most of the published papers have demonstrated positive and advantageous impacts of utilizing SWT as a treatment for musculoskeletal disorders, with a success rate ranging from 65% to 91%, while the complexities are low or insignificant. The surging clinical applications of Shock Wave Therapy Device for musculoskeletal disorders are therefore fuelling the growth of the Shock Wave Therapy Device Market during the forecast period 2022-2027.
Proliferating Application Of Shock Wave Lithotripsy (SWL) Is Expected To Boost The Demand Of Shock Wave Therapy Device:
Shock wave lithotripsy (SWL) has been a secure and efficient non-invasive treatment alternative for nephrolithiasis since the early 1980s. Since then, lithotripter technology has been clarified, and indications for SWL have extended. It is an appealing alternative for patients as it offers a really minimally invasive technique to accomplish complete stone-free rates (SFR) nearing 75%. As with any procedure, case selection and technique are crucial to make perfect results, diminish morbidity and augment SFR. Prior to commencing SWL treatment, it is essential to discuss the treatment alternatives accessible (inclusive of endourologic options) with patients to assist patients in choosing their optimal management option. The proliferating application of shock wave lithotripsy (LWL) is therefore driving the growth of the Shock Wave Therapy Device Market during the forecast period 2022-2027.
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Shock Wave Therapy Device Market – Challenges
Disadvantages Of Lithotripsy Are Hampering The Growth Of The Shock Wave Therapy Device Market:
Lithotripsy side effects like back pain are typical in the case of percutaneous lithotripsy. In this kind of lithotripsy, an incision is built at the posterior side of the patient’s body for the elimination of stones that are too large to be passed naturally. Additional typical side effects are inclusive of bleeding, which happens to owe to the energy beam being focused in an uncontrolled manner, thereby injuring the organ. In a unique event, if the suitable surgical protocols are not adhered to, consequent to the laser lithotripsy for kidney stone elimination, possibilities of infection are there also. There exists sufficient data which demonstrates that a lithotripsy experience can add to issues like hypertension and diabetes. These issues are thus hampering the growth of the Shock Wave Therapy Device Market.
Shock Wave Therapy Device Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in this market. Shock Wave Therapy Device top 10 companies include:
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A. Extracorporeal Shock Wave Lithotripsy Market – Forecast (2022 – 2027)
B. Lithotripsy Device Market
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