QYR: The global ESWT devices revenue is expected to reach USD 123.4 million by the end of 2022

The Extracorporeal shock wave therapy (ESWT) devices have developed for more than twenty years rapidly, currently these devices are widely used in physical therapy room, hospitals, clinics, sports center, corporations, governmental agencies, schools and other medical institutions etc., especially in Europe and North America. Europe and North America are dominating the ESWT market, but to the developing regions, the ESWT devices relatively are new things, especially in China, Southeast Asia, India and the Africa regions. In China, the ESTW devices are mainly used in the first rate hospitals, athletic club, enterprise users and some clinics.

In 2016, the global Extracorporeal Shock Wave Therapy Device (ESWT) devices sales was 6048 units, and it is predicted to reach 9201 units in 2022; while the global ESWT devices revenue was  88.1 million in 2016 and is expected to reach USD 123.4 million by the end of 2022, growing at a CAGR of 5.8% between 2016 and 2022.

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.

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