Report overview
The global Extracorporeal Shock Wave Therapy Device market was valued at 107.39 Million USD in 2021 and will grow with a CAGR of 6.21% from 2021 to 2027, based on Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
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.The global ESWT devices market is dominated by few players from Switzerland, UK, Germany and United States, like Chattanooga(DJO), BTL from UK, Storz Medical and EMS Electro Medical Systems from Switzerland, while MTS Medical, Zimmer MedizinSysteme and Likamed GmbH from Germany. There are several middle and small size players from Korea, Turkey, Belgium and China, like Gymna from Belgium, HANIL-TM, HnT Medical and Urontech from Korea, Inceler Medikal from Turkey, while Wikkon, Longest, Xiangyu Medical and Shengchang Medical from China. The key technology is in the hand of the top players, some Chinese players import the key critical components and assembled in China, lack of key technologies, high costs, low price, low-quality and full of competition.
By Market Verdors:
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)
By Types:
Table-top/Portable ESWT Device
Hand-push Type ESWT Device
By Applications:
Medical Institutions
Physical Therapy and Sports Center
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
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