Erectile dysfunction shockwave therapy is a non-invasive therapeutic technique used for the treatment of erectile dysfunction. The therapy uses energy from lower intensity acoustic pulse waves to trigger neovascularization process, which involves the formation of new blood vessels. Erectile dysfunction shockwave therapy is aimed toward improving blood flow to the penis, thereby helping to get and sustain an erection. Erectile dysfunction shockwave therapy offers several advantages as compared to conventional treatment methods, and this technique is becoming increasingly popular among urologists owing to the high chances of cure, minimum procedural time, and non-invasive nature associated with it.
The global erectile dysfunction shockwave therapy market is driven by high prevalence and rise in incidence rate of erectile dysfunction across the globe. According to an independent survey, it is estimated that around 30 million men in the U.S. are affected by erectile dysfunction. Various advantages associated with the shockwave therapy, such as, non-invasive technique, reduced pain, shorter procedural time, improved outcomes, etc. are projected to drive the demand for the therapy during the forecast period. Erectile dysfunction mainly affects elderly men. Rapidly growing elderly population in developed countries, such as, the U.S., Canada, Japan, Germany, the U.K., and France is projected to fuel the expansion of the global erectile dysfunction shockwave therapy market during the forecast period. 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.
The global erectile dysfunction shockwave therapy market can be segmented broadly into three categories based on ergonomics, end-user, and geography. In terms of ergonomics, the global erectile dysfunction shockwave therapy market can be divided 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. In terms of end-user, the global erectile dysfunction shockwave therapy market can be classified into hospitals, ambulatory surgery centers, and urology specialty clinics. 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.
Geographically, the global erectile dysfunction shockwave therapy market can be broadly segmented into North America, Europe, Asia Pacific, and Rest of World. 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. Key players operating in the global erectile dysfunction shockwave therapy devices market include STORZ MEDICAL AG, Medispec LTD, DirexGroup, Inceler Medikal Co. Ltd., Shenzhen Huikang Medical Apparatus Co., Ltd. and NOVAMEDTEK.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
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7. Which government regulations might challenge the status of key regional markets?
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