Market Size of Acoustic Medicine And Ultrasound Therapy Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 4.10 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Acoustic Medicine And Ultrasound Therapy Market Analysis
The acoustic medicine and ultrasound therapy market studied is anticipated to register a CAGR of nearly 4.1% during the forecast period.
- COVID-19 had a significant impact on the studied market initially, as there were few research and development activities regarding the usage of ultrasound therapy in COVID-19-infected patients. For instance, in May 2021, a few researchers at the University of California of San Diego School of Medicine began a pilot clinical trial to test the efficacy of using ultrasound therapy to stimulate the spleen and reduce COVID-19-related inflammation, which helped to decrease the length of hospital stays. Thus, the pandemic initially affected the market of acoustic medicine and ultrasound therapy services. However, as the pandemic has subsided, acoustic medicine and ultrasound therapy are taking place normally; hence, the studied market is likely to have favorable growth in the coming years.
- Certain factors that are driving the market growth include an increase in the number of incidences of sports injuries and bone disorders and the rising interest of people in natural methods of medication. Sports injuries include strains and sprains, spondylolysis and spondylolisthesis, stingers, disc injury, and Scheuermann's disease. For instance, according to the data published by the National Safety Council of the United States in 2021, it is estimated that around 3.2 million people were treated in emergency departments for injuries involving sports and recreational equipment in the United States in 2021. The most common activities that were frequently associated with injuries were exercise, cycling, and basketball. The injury rate for exercise was 123.8 per 100,000 population in the United States in 2021. For bicycles and accessories, it was 113.7, and for basketball, it was 78.6.
- Furthermore, in 2022, as per the United Nations Report, World Population Ageing 2022: Highlights report, it was estimated that 10% of the overall global population is aged 65 years and older. The geriatric population is expected to reach 16% by 2050. This is anticipated to drive the market for therapeutic ultrasound devices during the forecast period as the geriatric population is more prone to diseases such as rheumatoid arthritis and osteoarthritis, which makes acoustic medicine and ultrasound therapy a favorable treatment option.
- Furthermore, in April 2023, an estimated 20.9% of United States adults, or 51.6 million persons, experienced chronic pain in 2021, and 6.9%, or 17.1 million persons, experienced high-impact chronic pain, which means chronic pain that results in a substantial restriction to daily activities. Conditions such as arthritis, lower back pain, joint pain, muscle pain, and fibromyalgia are patients' major causes of chronic pain. The innovation in wearable ultrasound therapy devices allows for pain relief treatment to take place at home. This reduces the costs associated with a regular hospital or clinic visits. The device emits ultrasound waves that squeeze and open tissues, increasing the movement of nutrients. This speeds up the healing process and creates a soothing effect for the patient, thereby reducing the pain experienced by them drastically. The benefits and the convenience of such devices are driving the demand, especially in high-income regions of North America and Europe.
- Thus, the aforementioned factors, such as the rising prevalence of sports injuries, the rising geriatric population, and the benefits and convenience of acoustic medicine and ultrasound therapy devices, are expected to boost market growth. However, the lack of knowledge and awareness is expected to hinder the growth of the market.
Acoustic Medicine And Ultrasound Therapy Industry Segmentation
Therapeutic ultrasound is an established technique for biomodulation used by physical therapists. Usually, it is used to deliver energy locally for the purpose of altering tissue plasticity and increasing local circulation.
The acoustic medicine and ultrasound therapy market is segmented by modality (bench-top, hand-held, and others), application (osteoarthritis, sports injuries, and others), end-user (hospitals, private clinics, physiotherapy centers, and others), and geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across major regions globally.
The report offers the value (in USD) for the above segments.
By Modality | |
Bench-top | |
Hand-held | |
Other Modalities |
By Application | |
Osteoarthritis | |
Sports injuries | |
Other Applications |
By End-User | |
Hospitals | |
Private Clinics | |
Physiotherapy Centers | |
Other End-Users |
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Acoustic Medicine And Ultrasound Therapy Market Size Summary
The acoustic medicine and ultrasound therapy market is poised for steady growth, driven by increasing incidences of sports injuries, a rising geriatric population, and a growing interest in natural treatment methods. The market experienced initial disruptions due to the COVID-19 pandemic, which limited research and development activities. However, as the pandemic's impact wanes, the market is expected to recover and expand. The prevalence of sports-related injuries and conditions such as osteoarthritis and rheumatoid arthritis, particularly among the elderly, is fueling demand for therapeutic ultrasound devices. These devices offer non-invasive pain relief and are becoming increasingly popular in high-income regions like North America and Europe, where there is a strong emphasis on reducing healthcare costs and improving patient convenience.
North America is anticipated to hold a significant share of the market, largely due to the high frequency of sports injuries and the presence of advanced healthcare infrastructure. The region's large population of athletes and the growing geriatric demographic further contribute to the demand for acoustic medicine and ultrasound therapy. The market is characterized by a consolidated nature, with key players like ZetrOZ Systems, BTL, Dynatronics Corporation, Compass Health Brands, and Mettler Electronics Corp. leading the way. These companies are actively acquiring and launching new products to strengthen their market positions. Technological advancements, such as the development of wearable ultrasound devices, are also enhancing market growth by offering innovative solutions for pain management and injury recovery.
Acoustic Medicine And Ultrasound Therapy Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increases in the Number of Incidences of Sports Injuries and Prevalence of Osteoarthritis
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1.2.2 Rising Interest of People towards Natural Methods of Medication
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1.3 Market Restraints
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1.3.1 Lack of Knowledge and Awareness
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD)
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2.1 By Modality
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2.1.1 Bench-top
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2.1.2 Hand-held
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2.1.3 Other Modalities
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2.2 By Application
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2.2.1 Osteoarthritis
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2.2.2 Sports injuries
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2.2.3 Other Applications
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2.3 By End-User
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2.3.1 Hospitals
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2.3.2 Private Clinics
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2.3.3 Physiotherapy Centers
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2.3.4 Other End-Users
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle East and Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle East and Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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Acoustic Medicine And Ultrasound Therapy Market Size FAQs
What is the current Global Acoustic Medicine and Ultrasound Therapy Market size?
The Global Acoustic Medicine and Ultrasound Therapy Market is projected to register a CAGR of 4.10% during the forecast period (2024-2029)
Who are the key players in Global Acoustic Medicine and Ultrasound Therapy Market?
BTL , ZetrOZ Systems, Dynatronics Corporation , Mettler Electronics Corp. and Compass Health Brands are the major companies operating in the Global Acoustic Medicine and Ultrasound Therapy Market.