Albany, NY -- (SBWIRE) -- 08/22/2016 -- A market intelligence study by Transparency Market Research, titled "Shock Wave Therapy Device Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024" presents an integrated perspective on various factors influencing the growth of this market. The report provides insights into long-term and short-term market growth by analyzing its historical statistics and current market trends.

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The report contains a detailed description of the market dynamics such as the drivers, restraints, and opportunities. Non-invasive treatment, mobility restoration, and rapid pain management offered by these devices are in compliance with patients' requirements, thus driving the growth of the global shock wave therapy devices market. Moreover, the increasing incidence of musculoskeletal pain and bone injuries is leading to a greater uptake of shockwave therapy devices, thereby by fuelling the growth of the market.

Other factors positively influencing the growth of the global shockwave therapy device market are increasing global geriatric population, continuously growing healthcare infrastructure, and augmenting use of technologically advanced equipment for therapies. However, high installation and maintenance cost of the equipment is adversely impacting the interest of end users, thereby restraining the growth of the market. Also, the continuous shortage of skilled workforce is adversely affecting the growth of the global shockwave therapy device market.

The global shockwave therapy device market has been segmented using four criteria: technology, end user, geography, and product type. By technology, the global shockwave therapy device market is segmented into electrohydraulic technique, electromagnetic technique, piezoelectric technique, and radial technique. Based on product type, the market is segmented into fixed shockwave therapy devices and mobile shockwave therapy devices. Some of the end users of shockwave therapy devices are ambulatory care, hospitals, radiology labs physiotherapy clinics, and others.

On the basis of geography, high technological advancements in developed countries have made North America the leading segment, followed by Europe. Heavy investment in the research and development of medical device technology in these regions have boosted the growth of the regional markets. The Asia Pacific market will expand at a noteworthy CAGR owing to increasing demand for shockwave therapy devices from emerging economies such as India, Japan, and China. Increasing population, changing lifestyles, emerging heath care infrastructures, and development of novel technologies are some favorable factors for the growth of shockwave therapy device market in APAC.

The report offers a comprehensive study of the competitive landscape of the global shockwave therapy device market. Some of the key companies operating in the global shockwave therapy device market are Cook Group Inc., Siemens AG, Boston Scientific Corporation, C.R. Bard Inc, Dornier MedTech GmbH, Medtrue Enterprise Co. Ltd., Olympus Corporation, Lumenis Ltd, Karl Storz Gmbh and Co. KG, and Edaptms TMS.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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