Shock Wave Therapy Devices Market Size

Shock Wave Therapy Devices Market Size

Shock Wave Therapy Devices Market size was valued at around USD 174.6 million in 2023 and is estimated to expand at 4.9% CAGR from 2024 to 2032. Shock wave therapy devices are medical devices designed to deliver controlled shock waves to targeted areas of the body for therapeutic purposes.

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These devices utilize various technologies, including electrohydraulic, electromagnetic, or piezoelectric mechanisms, to generate shock waves. This high market growth can be primarily attributed to numerous factors including increasing incidence of musculoskeletal disorders, ongoing advancements in technology, growing aging population, rise in number of sports-related injuries, and rising patient preference for minimally invasive procedures across the globe.
 

Musculoskeletal issues like tendinitis, plantar fasciitis, and calcific tendinitis are becoming increasingly prevalent worldwide due to factors such as aging populations, sedentary lifestyles, and sports-related injuries. With a significant portion of the population affected by these conditions, there's a growing demand for effective treatment options like shock wave therapy.
 

According to the World Health Organization (WHO) 2022 report, an estimated 1.71 billion people suffer from musculoskeletal disorders, including low back pain, neck discomfort, fractures, injuries, osteoarthritis, amputation, and rheumatoid arthritis, globally. Further, shock wave therapy is gaining popularity as a non-invasive treatment option for conditions like tennis elbow, golfer's elbow, and patellar tendinopathy, driving market growth in sports medicine and rehabilitation.