Product Code: ETC8851379 | Publication Date: Sep 2024 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Shockwave therapy is gaining popularity in the Philippines for its non-invasive treatment benefits, particularly in physiotherapy and sports medicine. The market is seeing increased adoption in hospitals and rehabilitation centers. However, high costs of shockwave therapy devices and limited awareness among patients slow market expansion.
The adoption of shockwave therapy in the Philippines is increasing, particularly in physiotherapy and sports medicine. This non-invasive treatment is widely used for pain relief and tissue regeneration, making it popular among athletes and individuals suffering from chronic musculoskeletal conditions. The expanding healthcare sector and advancements in medical technology are fueling market growth.
The shockwave therapy market struggles with low public awareness, high treatment costs, and limited accessibility. Many Filipinos are unaware of the benefits of shockwave therapy for pain management and musculoskeletal conditions, leading to low demand. The cost of treatment is also a significant barrier, as it remains expensive and is often not covered by insurance. Additionally, healthcare facilities offering shockwave therapy are concentrated in urban areas, limiting access for rural populations.
The healthcare industry in the Philippines is witnessing an increasing demand for non-invasive treatments, making shockwave therapy a promising investment area. Investors can establish physiotherapy clinics specializing in shockwave therapy for sports injuries, chronic pain, and rehabilitation. Expanding into home-use therapy devices can further enhance market growth.
The Department of Health (DOH) and the Food and Drug Administration (FDA) regulate shockwave therapy devices to ensure safety and efficacy in medical applications. Policies encourage the adoption of non-invasive treatments in healthcare facilities, with subsidies for public hospitals acquiring advanced therapeutic equipment. Strict licensing requirements are in place for practitioners using these technologies.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Shockwave Therapy Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Shockwave Therapy Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Shockwave Therapy Market - Industry Life Cycle |
3.4 Philippines Shockwave Therapy Market - Porter's Five Forces |
3.5 Philippines Shockwave Therapy Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Philippines Shockwave Therapy Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Philippines Shockwave Therapy Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Philippines Shockwave Therapy Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Shockwave Therapy Market Trends |
6 Philippines Shockwave Therapy Market, By Types |
6.1 Philippines Shockwave Therapy Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Shockwave Therapy Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Philippines Shockwave Therapy Market Revenues & Volume, By Mobile Shockwave Therapy Devices, 2021- 2031F |
6.1.4 Philippines Shockwave Therapy Market Revenues & Volume, By Fixed Shockwave Therapy Devices, 2021- 2031F |
6.2 Philippines Shockwave Therapy Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Philippines Shockwave Therapy Market Revenues & Volume, By Electromagnetic Technique, 2021- 2031F |
6.2.3 Philippines Shockwave Therapy Market Revenues & Volume, By Electrohydraulic Technique, 2021- 2031F |
6.2.4 Philippines Shockwave Therapy Market Revenues & Volume, By Piezoelectric Technique, 2021- 2031F |
6.2.5 Philippines Shockwave Therapy Market Revenues & Volume, By Radial Technique, 2021- 2031F |
6.3 Philippines Shockwave Therapy Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 Philippines Shockwave Therapy Market Revenues & Volume, By Hospitals, 2021- 2031F |
6.3.3 Philippines Shockwave Therapy Market Revenues & Volume, By Physiotherapy Clinics, 2021- 2031F |
6.3.4 Philippines Shockwave Therapy Market Revenues & Volume, By Ambulatory Care, 2021- 2031F |
6.3.5 Philippines Shockwave Therapy Market Revenues & Volume, By Radiology Labs, 2021- 2031F |
6.3.6 Philippines Shockwave Therapy Market Revenues & Volume, By Others, 2021- 2031F |
7 Philippines Shockwave Therapy Market Import-Export Trade Statistics |
7.1 Philippines Shockwave Therapy Market Export to Major Countries |
7.2 Philippines Shockwave Therapy Market Imports from Major Countries |
8 Philippines Shockwave Therapy Market Key Performance Indicators |
9 Philippines Shockwave Therapy Market - Opportunity Assessment |
9.1 Philippines Shockwave Therapy Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Philippines Shockwave Therapy Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Philippines Shockwave Therapy Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Philippines Shockwave Therapy Market - Competitive Landscape |
10.1 Philippines Shockwave Therapy Market Revenue Share, By Companies, 2024 |
10.2 Philippines Shockwave Therapy Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |