Transparency Market Research in its new report titled, “Erectile Dysfunction Shockwave Therapy Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026, ” provides key insights on the erectile dysfunction shockwave therapy market. The TMR report anticipates that the high prevalence and rise in incidence rate of erectile dysfunction will drive the erectile dysfunction shockwave therapy market during the forecast period i. e, 2018-2026. New product development and commercialization in developed and emerging markets represent potential business opportunities for the leading players operating in the market. However, availability of alternative treatment methods, such as, penile prosthesis and therapeutic drug treatment, is likely to restrain the growth of the erectile dysfunction shockwave therapy market during the forecast period, says the report.
The TMR report has split the global erectile dysfunction shockwave therapy market broadly into three categories based on ergonomics, end-user, and geography. In accordance with ergonomics, the global erectile dysfunction shockwave therapy market is classified into portable shockwave therapy devices and tabletop shockwave therapy devices.
The portable shockwave therapy devices segment is projected to hold the dominant market share by the end of 2026. Majority of the erectile dysfunction shockwave therapy devices are available in portable mode and are easy to carry and operate. The new portable devices in pipeline studies and approval phases are projected to drive the expansion of the segment during the forecast period. On the basis of end-user, the global erectile dysfunction shockwave therapy market can be classified into hospitals, ambulatory surgery centers, and urology specialty clinics.
Among these, the ambulatory surgical center segment is projected to dominate the global market owing to shorter procedural time for the treatment of erectile dysfunction and low cost of treatment at these centers. The specialty clinics segment is expected to witness a significant growth during the forecast period.
From a regional perspective, the global erectile dysfunction shockwave therapy market is broadly divided into North America, Europe, Asia Pacific, and Rest of World. Among these, Europe is projected to hold the leading share of the global market owing to availability of large number of medical devices and equipment in the region, high prevalence and rise in incidence rate of erectile dysfunction, and well-established health care facilities.
The erectile dysfunction shockwave therapy market in North America is projected to grow at a significant CAGR during the forecast period owing to anticipated approval of the pipeline products by the U. S. FDA and early adoption of technological advanced products in the region. The erectile dysfunction shockwave therapy market in Asia Pacific is poised to grow at a moderate rate during the forecast period.
The global erectile dysfunction shockwave therapy market is highly consolidated with only a few manufactures holding the key share, says the report. Major players operating in the global erectile dysfunction shockwave therapy devices market are profiled in this report and these include STORZ MEDICAL AG, Medispec LTD, DirexGroup, Inceler Medikal Co. Ltd. , Shenzhen Huikang Medical Apparatus Co. , Ltd. and NOVAMEDTEK.
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Transparency Market Research (TMR) is a U. S. -based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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