Shockwave Therapy Market Applications, Technological Advancements by 2028

The shockwave therapy market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 3,090.17 million by 2028 and grow at a CAGR of 5.78% in the above-mentioned forecast period. Increase in the prevalence of musculoskeletal disorders can be attributed to long-working hours, sedentary lifestyles and obesity which act as the major factor driving the shockwave therapy market.


Shockwave therapy is defined as a multidisciplinary device which is used in orthopaedics, physiotherapy, sports medicine, urology and veterinary medicine. Its main assets are fast pain relief and mobility restoration. Shock wave therapy is also known as extracorporeal shock wave therapy (ESWT) which is a non-invasive treatment that is used in extensive areas of medical field that includes physical therapy, orthopedics, cardiology, and urology.


Rise in the incidence of chronic muscular and tendon disorders, back and neck pain along with sports injuries acts as the vital factor escalating the market growth, also increase in the prevalence of arthritis and musculoskeletal disorders and rise in the rate of prevalence of bone diseases as well increasing geriatric population are the major factors among others driving the shockwave therapy market. Moreover, rise in the investments in the research and development activities for development of medical devices and increase in the technological advancements and modernization in the healthcare sector will further create new opportunities for shockwave therapy market in the forecasted period of 2021-2028.


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North America dominates the shockwave therapy market due to increase in the prevalence of arthritis and musculoskeletal disorders and rise in the rate of prevalence of bone diseases as well increasing geriatric population in this region. Asia-Pacific is the expected region in terms of growth in shockwave therapy market due to increase in the prevalence of arthritis and musculoskeletal disorders in this region.


The major players covered in the shockwave therapy market report are Boston Scientific Corporation, Dornier MedTech, EDAP TMS, KARL STORZ SE & Co. KG, Lumenis, Olympus Corporation, MEDTRUE ENTREPRISE CO.,LTD, SANUWAVE, and SANUWAVE Health, Inc, Bio-Med Inc, Likamed GmbH, MTS Medical, Siemens, United Medical Systems Inc, Zimmer Biomet and Cook among other domestic and global players.


About Data Bridge Market Research, Private Ltd


Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.


Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expands their reach by opening a new office in Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. “Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated Team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve.”


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