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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Demand for Hassle-Free Techniques is Driving the Market Growth
The advancement in research and development activities, increased usage of modern equipment in hospitals and clinics, and improved medications are driving the global shock wave therapy device industry growth. The market is expected to register significant growth owing to the demand for technologically advanced treatment methods. The increasing prevalence of bone diseases in the geriatric population is providing an impetus for the market growth. In addition to this, the shock wave therapy device also helps in increasing cellular activity in the body, which is further aiding the growth of the shock wave therapy device industry.
Shock Wave Therapy Device Market Report Snapshots
Shock Wave Therapy Device Market Size
Shock Wave Therapy Device Market Growth
Shock Wave Therapy Device Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market for shock wave therapy devices reached a value of USD 1.75 billion in 2023, driven by the rising demand for different kind of therapies.
The market is likely to grow at a CAGR of 7.7% during the forecast period of 2024-2032 to attain a value of USD 3.45 billion by 2031, likely to be driven by the rising awareness about the benefits of these devices.
The major drivers of the industry, such as increasing prevalence of bone diseases, advancements in R&D, and demand for hassle-free treatment methods, are expected to aid the market growth.
The key trend guiding the growth of the market is a rise in demand for minor surgeries.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America leading the market.
The major technologies in the market include focused, radial, or ballistic and combined. Focused technology can be further divided into electromagnetic, electrohydraulic, and piezoelectric.
The market can be divided based on modality into portable and fixed by modality.
The major application segments in the industry are orthopaedic, cardiology, and urology, among others.
The leading end use sectors in the industry are hospitals, clinics, and rehab centres, among others.
The major players in the industry are BTL Medical Technologies s.r.o., Zimmer MedizinSysteme GmbH, Dornier MedTech GmbH, Electro Medical Systems S.A., Storz Medical AG, and Guangzhou Longest Science & Technology Co. Ltd. among others.
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