Global Shock Wave Therapy Device Patent Landscape Report 2024

Patent Landscape Report Coverage

The Global Shock Wave Therapy Device Patent Landscape Report provides a comprehensive and in-depth analysis of the patents in this growing industry. The key sections captured in the report for shock wave therapy device includes a thorough examination of the patent portfolios of key players, covering aspects such as the number of patents and types of technologies patented. It includes the latest trends, geographical distribution of patents, top IP player profiles, technological segmentation, and patent valuation for shock wave therapy device. The breakdown of patents by technical segments is provided, giving more clarity on the specific areas of innovation within shock wave therapy device technologies.

The competitive nature between prominent companies drives continuous research and developments leading to the rise in patent filings for shock wave therapy devices. Shockwave Medical filed a patent on a device which generates shock waves to treat calcified aortic values or calcified lesions in blood vessels. The notable feature of this device is that the surface area of one electrode is greater than the surface area of the other electrode, which allows for the generation of arcs in fluid. Hence, the development of these advanced technologies is shaping the patent landscape positively for shock wave therapy devices.

Shock Wave Therapy Device Patent Outlook

• The advancements in the mechanism of shock wave generation such as electrohydraulic, electromagnetic, and piezoelectric systems are impacting the market innovations, as patents are focusing on improving the performance of the devices.

• Companies are also focusing on patents based on technologies and optimizing several shock wave parameters such as frequency, energy levels, and adjustable systems for specific medical treatments.

• The increasing focus on integration of shock wave therapy devices with imaging technologies such as MRI and ultrasound to provide treatment accuracy and real-time visualization, is driving the growth of the market. Companies and research institutions are actively investing in patenting new technologies to protect their novel innovations and establish market dominance.

What are Shock Wave Therapy Devices?

Shock wave therapy devices are used to deliver shock waves to the body for therapeutic purposes. These waves are acoustic waves which carry energy. They can be generated using different technologies, such as electrohydraulic, electromagnetic, or piezoelectric systems. The therapy is given through a handheld device. The benefit of this therapy includes a non-invasive nature and minimal downtime. It provides effective pain relief, enhances functional outcomes and promotes healing in several musculoskeletal conditions.

Shock Wave Therapy Device Industry Growth Drivers

Technological Innovations Shock Wave Generation and Integration with Imaging Systems is Expected to Boost the Patent Industry Growth

The growth in patents industry is influenced by advancements in technologies such as shock wave generation and integration with imaging guidance. The advancements in electromagnetic shock wave generation enable high precision and high treatment outcomes. Moreover, innovations in hydraulic systems focus on reducing treatment times and higher energy efficiency. The integration of shock wave therapy devices with ultrasound and MRI allows precision treatment and monitors tissue response as well. As a result, there is an increase in patent activity, focused on enhancing the performance of shock wave therapy devices.

Increasing Application Across Multiple Domains is Expected to Propel the Shock Wave Therapy Device Patent Industry

The patent landscape for shock wave therapy devices is growing to cover expandi ng clinical applications beyond traditional musculoskeletal disorders. The new applications include treating conditions like cardiac disorders, wound healing, erectile dysfunction, and neurological conditions among others. The number of granted patents for shock wave therapy devices increased from 894 in 2022 to 969 in 2023. Moreover, there was a subsequent increase in number of patents filing as well. The industry witnessed an upward trend in patents granted from 2021 to 2023. In 2024, 841 new patent applications were filed, signifying the rising utilization of shock wave therapy in multiple medical areas.

Shock Wave Therapy Device Patent Segmentation

The report will cover the following sections in detail:

Breakup by Product Type

• Mobile Shockwave Therapy Devices

• Fixed Shockwave Therapy Devices

Breakup by Technology

• Electromagnetic Technique

• Electrohydraulic Technique

• Piezoelectric Technique

• Radial Technique

• Others

Shock Wave Therapy Device Patent Segmentation Analysis

The breakup based on technology includes electromagnetic technique, electrohydraulic technique, piezoelectric technique, radial technique, and others. Piezoelectric shock wave generators convert electrical energy into mechanical energy. Patents in this area focusing on reliability of piezoelectric shock wave devices for efficient therapeutic outcomes.

The detailed technological data will be provided for all specified segments classified in this report.

Shock Wave Therapy Device Patent Jurisdiction Analysis

The United States is one of the leading jurisdictions for shock wave therapy device patents, having around 31,000+ patents. The presence of big medical device companies, well-established healthcare infrastructure, and advanced research and development activities contributes to the regional patent landscape significantly.

Patent Profile of Key Companies

Among the players with shock wave therapy device patent families, new entrants have been identified, which can be either established companies or startups developing their first technology in the shock wave therapy device field. Some of the major companies mentioned in this report (a non-exhaustive list) are as follows:

Medtronic, Inc.

Medtronic plc, founded in 1949, and headquartered in Ireland, is a global leader in medical technology, solutions, and services. The company engages in the development, manufacturing, and marketing of medical devices including shock wave therapy devices. The company has filed various patents in the field of shock wave therapy devices.

Guided Therapy Systems LLC

Guided Therapy Systems develops products which combine ultrasound imaging with intense therapeutic ultrasound....

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other companies include Pacesetter Inc., Cardiac Pacemakers Inc., and Zoll Medical Corp, among others.

Reasons to Purchase this Report

The Shock Wave Therapy Device Patent Report provides information on the intellectual property (IP) position and strategy of key players. This report can help companies and players looking to enter or invest in this field by:

• Competitive Advantage: The landscape reveals the market leaders, potential partners and innovators and also makes it understandable which companies have important patents in this field of shock wave therapy devices.

• Innovation Insights: The patent analysis reveals new innovations and technologies in shock wave therapy devices.

• Market Positioning: Companies with strong patent portfolios gain a competitive advantage because their intellectual property assets differentiate their products. Understanding their intellectual property strategy reveals the market position of new entrants and potential barriers to entry.

• Risk Assessment: In technology-intensive fields such as shock wave therapy devices, risks of IP infringement are common. Analyzing patent landscapes helps companies assess risk, develop mitigation strategies, and inform licensing, partnering, and acquisition decisions.

Key Questions Answered in the Shock Wave Therapy Device Patent Landscape Report 

• Who are the key players in the shock wave therapy device patent landscape?
• How is the patent portfolio distributed geographically?
• What are the emerging trends in shock wave therapy device patents?
• How has the patent landscape evolved over time?
• What are the strategic insights for market players and investors?
• What is the technological focus of patents in the shock wave therapy device industry?
• How do patent strategies impact competitive advantage?
• What are the implications of patent filings in shock wave therapy devices?
• What are the challenges and opportunities in the shock wave therapy device patent landscape?
• What are the regulatory and legal considerations?
• What technological innovations have recently emerged in shock wave therapy devices?

Related Reports

Global Shock Wave Therapy Device Market

Global Musculoskeletal Pain Treatment Market

Global Orthopaedic Radiology Equipment Market

Global Diagnostic Imaging Services Market