Shockwave Therapy Devices Market

Shockwave Therapy Devices Market Outlook (2024 to 2034)

The global shockwave therapy device market was valued at US$ 1,832.6 million in 2024, and is projected to grow at a CAGR of 6.3% to reach toa a market size of US$ 3,376 million by 2034.

Shockwave therapy is a treatment with no surgical intervention. The process sends ‘shockwaves’ to targeted areas in the body, which are simply sound waves, with the goal of healing or desensitizing the damaged area. There are two processes that bring about its effectiveness, one being through blood flow stimulation and the other by the elimination of inflammation. This speeds up natural healing within the body.

• Sales of radial shockwave therapy (RSWT) devices in 2024 was valued at US$ 1,068.4 million, and the segment accounted for 58.3% of the overall shockwave therapy devices market share in 2024.
• The chronic tendinopathies indication segment was worth US$ 542.5 million in 2024 and accounted for 29.6% share of the market.

Report Attributes	Details
Shockwave Therapy Devices Market Size (2023A)	US$ 1,724 Million
Estimated Market Value (2024E)	US$ 1,832 Million
Forecasted Market Value (2034F)	US$ 3,376 Million
Global Market Growth Rate (2024-2034)	6.3% CAGR
East Asia Market Share (2024)	22.4%
Key Companies Profiled	Astar ; BTL; DirexGroup; EMS DolorClast; Enovis Corporation; Inceler Medikal Co. Ltd.; Medispec; MTS Medical; Oceanus America; Richard Wolf GmbH; SoftWave Tissue Regeneration Technologies; Zimmer MedizinSysteme GmbH; Other Prominent Players.

It has been used for treatment of a myriad of conditions including tendonitis, plantar fasciitis, calcific shoulder tendinopathy, among others. The high-intensity acoustic waves from the shockwave therapy devices are allowed to penetrate deeper into tissues through the skin. It promotes a biological response which aids in repairing the tissue and relieving the pain and also facilitates mobility. Treatment is quite brief, often about a few minutes and does not need anesthesia.

Several drivers are influencing the growth of the shockwave therapy device market. These include increased demand for non-invasive treatments, technological advancements increasing the effectiveness of the devices, a rapidly increasing number of musculoskeletal disorders, and increased use of alternatives to surgery and long-term medication. The time that is taken to recover after therapy further contributes to it being in high demand among patients.

Sales Analysis of Shockwave Therapy Devices (2019 to 2023) vs. Market Forecasts (2024 to 2034)

The value of the shockwave therapy devices market was US$ 1,328 million in 2019 and it increased to US$ 1,724.0 million by 2023, expanding at a CAGR of 6.7%.

• Short Term (2024 to 2028): The market for shockwave therapy devices is anticipated to grow significantly based on rising awareness and adoption of non-invasive musculoskeletal treatments. Such growth will be catalyzed further by factors, such as technology advancement, more acceptance towards using shockwaves for pain management which leads the road to not get surgery or medicate.
• Medium Term (2028 to 2030): Continued expansion will be experienced in the market as more healthcare professionals adopt shockwave therapy for a larger range of conditions, including aesthetic treatments. This growth will be further driven by increased demand for personalized and effective pain management, along with regulatory approvals and better reimbursement policies. Therefore, this will become the mainstream option for patients during this period.
• Long Term (2030 to 2034): The market in shockwave therapy devices will grow due to innovation in technology in portable devices and better targeting abilities. A higher population of elders and increased use in sports medicine and rehabilitation medicine will form greater demand in this market.

On the back of the aforementioned facts, the Shockwave Therapy Devices market is anticipated to grow at a CAGR of 6.3% during the forecast period from 2024 to 2034, According to the Fact.MR, a market research and competitive intelligence provider.

Market Dynamics

What are the Factors Propelling Global Sales of Shockwave Therapy Devices?

“Rising use of shockwave therapy in sports rehab techniques”

An increased adoption of shockwave therapy in sports rehabilitation processes is a significant growth driver in the market for shockwave therapy devices. Most athletes experience muscle strains, ligament tears, and joint pain, which might limit their performance.

High adoption of the treatment process due to its efficacy in improving blood circulation and promoting tissue repair, eliminating the necessity of surgery, has made shockwave therapy a popular method of treatment. In sports rehabilitation, this non-invasive approach is very valuable since it minimizes downtime and allows the athletes to recover quickly and return to their training or competitions.

It is widely used in sports clinics and rehabilitation centers, primarily because it is very effective at treatment of certain of the most common injuries in sports. Many athletes and exercise enthusiasts will seek additional effective, less harmful methods of recovery, thus the demand for shockwave therapy devices will continue to increase.

This rising acceptance in the world of sports medicine promotes growth because the professional as well as patients realize the utility of using this advanced form of therapy compared to medication or surgery.

“Increasing occurrence of musculoskeletal disorders and chronic pain conditions”

According to World Health Organization, it is said that more than 1.7 billion are suffering from musculoskeletal diseases around the world. Musculoskeletal conditions have become the leading cause of disability in the world. Lower back pain causes single disability in 160 countries.

Millions are suffering with long-term conditions like joint pain, tendonitis, and arthritis. All these diseases are of a debilitating nature and greatly affect daily lives. Shockwave therapy is one of the innovative, non-invasive and pain-free alternatives to surgical treatment when the patient undergoes pain acceleration in terms of healing along with mobility improvement.

Demand for effective treatments like shockwave therapy is increasing because these conditions are becoming more common, especially with an aging population and more active lifestyles. As healthcare providers respond to the need for this technology, incorporating shockwave therapy devices into practice, more patients seek out alternative pain management options other than medications and invasive treatments, thereby accelerating further market growth.

What are the Challenges Encountered by Manufacturers of Shockwave Therapy Devices?

“Strong rivalry from alternative non-invasive treatment methods”

As demand for non-invasive treatment modalities grows, other alternative therapies like laser therapy, cryotherapy, and ultrasound therapy also rise. With similar benefits like pain relief and healing of tissue, all these technologies require shockwave therapy to prove itself continually in the race.

Manufacturers are also under pressure not only to keep up with the high standards of performance and innovation but also to be able to distinguish their products from those therapies. If they fail to do so, patients and health providers may end up choosing other methods that appear more affordable or are easier to administer.

Competition leads manufacturers to invest more in research, development, and marketing efforts, making their products expensive and affecting the profit margins of such firms in a bid to remain competitive in the market.

Country-wise Insights

Why is Adoption of Shockwave Therapy Devices High in Germany?

“Strong recognition of non-invasive treatments among medical personnel and patients”

In Germany, an awareness of the non-invasive therapies has dramatically increased the prevalence of shockwave therapy. Clinicians are thoroughly educated on how non-surgical treatments can assist patients, who are increasingly adopting alternatives that are not associated with long recovery times or the adverse effects of surgical procedures. Because of this high awareness, many patients prefer having shockwave treatment for conditions including tendonitis, joint pain, or sports injuries.

With more and more people seeking effective, low-risk treatments, healthcare providers are more inclined to recommend shockwave therapy, knowing it is safe, effective, and minimally invasive. It will help shift the professional and patient attitudes, forcing demand for shockwave therapy devices to further increase their presence in medical practices and rehabilitation centers across the country.

Why is India a Lucrative Market for Shockwave Therapy Devices Manufacturers?

“Increasing amount of wellness and physiotherapy clinics integrating modern treatments”

The growing number of wellness and physiotherapy centers across India is producing a lucrative market for the devices' manufacturers. It is because a number of aware and growing people find their way to the wellness centers and physiotherapy, knowing the importance of non-invasive treatments in advanced therapies such as the shockwave therapies, which helps save people from living a life of pain, reducing it effectively by preventing many muscle injuries and rehabilitation without surgery.

Shockwave therapy can be regarded as particularly appealing because it provides rapid recovery times and low risk, which is suitable for patients who wish to get back to their normal activities as soon as possible. The growth of such centers, along with increasing demand for advanced treatment options, is creating a demand for more shockwave therapy devices. Manufacturers can capitalize on this emerging market as wellness and physiotherapy centers look for advanced technologies to cater to the needs of their patients.

Category-wise Insights

Which Type of Shockwave Therapy Device is Widely Utilized?

“Radial shockwave therapy devices works well for managing both acute and chronic pain”

Demand for radial shockwave therapy (RSWT) devices is projected to increase at a CAGR of 6.2% from 2024 to 2034. Radial Shockwave Therapy devices are the most commonly used since they can successfully treat both acute and chronic pain. Acute pain, as in sports injuries or muscle strains, usually needs to be addressed quickly to speed up healing and reduce inflammation.

RSWT can help address this by stimulating blood circulation and promoting tissue repair. The primary application of RSWT for chronic pain involves breaking down scar tissue, alleviating stiffness, and enhancing the mobility of an individual. RSWT finds its greatest advantage in the condition of tendonitis, plantar fasciitis, and calcific shoulder tendinopathy.

Unlike some of the other forms of therapies, RSWT has proven itself for a diverse variety of pains with long-standing results. As a result of its broad application ability, it becomes quite popular within the clinics and rehabilitation centers. Both newly incurred and long-time persisting pain will be helped with the drug; thus it finds extensive application throughout health care providers.

Competitive Landscape

Key players in the Shockwave Therapy Devices market are BTL, DirexGroup, EMS DolorClast, Enovis Corporation, Inceler Medikal Co. Ltd., Medispec, MTS Medical, Richard Wolf GmbH, Oceanus America, and Zimmer MedizinSysteme GmbH.

Companies devote a significant portion of their revenue to R&D to resolve problems and offer creative solutions to draw in new customers and stay competitive. Companies are developing customized offerings for issues that meet industry-specific needs to compete with other players.

• In December 2024, DirexGroup announced that one of the Renova systems for treating ED with Li-shockwaves in Jianguo Traditional Chinese Medicine’s Hospital of Wuxi, China surpassed an incredible 43 MILLION shockwaves since its installation in July 2020.
• In June 2023, the new EMS DolorClast Radial, a powerful radial pressure wave device from the inventors of radial shock wave therapy was launched in the United States of America by EMS.

Fact.MR has provided detailed information about the price points of key manufacturers of Shockwave Therapy Devices positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Shockwave Therapy Devices Industry Research

• By Device Type :

  • Radial Shockwave Therapy (RSWT) Devices
  • Focused Shockwave Therapy (FSWT) Devices
  • Combined Shockwave Therapy Devices

• By Indication :

  • Chronic Tendinopathies
  • Bone Pathologies
  • Skin Pathologies
  • Muscle Pathologies
  • Urologic pathologies
  • Musculoskeletal pathologies
  • Others

• By Technology :

  • Electromagnetic Shockwave Technology
  • Piezoelectric Shockwave Technology
  • Electrohydraulic Shockwave Technology

• By End-user :

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers (ASCs)
  • Physiotherapy and Rehabilitation Centers
  • Others

• By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa