The report titled “Muscle Stimulator Market -Forecast to 2023″ is a direct appreciation by Market Research Future of the market potential of the Muscle Stimulator Market. The report intends to provide accurate and meaningful insights, both quantitative as well as qualitative. It can be said with high confidence level, that this report will satisfy the need for comprehensive insights needed to compete and beat other players in today’s winner takes all market! Considering all these factors the market for muscle stimulator is expected to reach $ 768.3 million by the end of 2023, this market is projected to growing at a CAGR of ~ 6.1 % during 2017-2023.
MarketResearchFuture.com adds “Muscle Stimulator Market -2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database.
Global Muscle Stimulator Market – Regional Analysis:
North America leads the global market for muscle stimulators due to the faster uptake of new technology and devices, high per capita income of U.S., and the better reimbursement than other countries. Moreover, increasing geriatric population will boost the market growth. According to the world health organization by 2050, the world’s population aged 60 years and older is expected to total 2 billion, up from 900 million in 2015. The world health organization also estimates that today, 125 million people are aged 80 years or older.
Global Muscle Stimulator Market – Major Players:
DJO Global, Inc. (U.S.), Mettler Electronics Corp.(U.S.), Axiobionics (U.S.), Zynex medical (U.S.), NeuroMetrix, Inc. (U.S.), OMRON Corporation (Japan), and Tone-A-Matic (U.S.) are some of the prominent players at the forefront of competition in the Global Muscle Stimulator Market and are profiled in MRFR Analysis.
Global Muscle Stimulator Market – Overview:
Electrical muscle stimulation (EMS), uses electric current for muscle contraction. The applications of EMS include strength training, rehabilitation after muscle injury or pain management, post-exercise recovery, chronic muscle disorders such as atrophy etc. the market for muscle stimulators is rising due to factors such as increasing popularity of sports, increased demand for fitness products, ageing population, increasing healthcare expenditure, rising affordability of muscle stimulators, increasing incidence of muscle diseases and disorders, demand for non-invasive technology devices and growing preference for muscle stimulators among physiotherapists.
The muscle stimulator market is also witnessing high technological development. The manufacturing of medical devices in general and muscle stimulators in particular is also undergoing changes. The latest technological advancements include active research in frequencies and strength of electric current used for muscle stimulation. Increasing miniaturization and portability of the muscle stimulator devices is another development that is driving the growth of the market.
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Market fragmentation and falling profit margin are significant threats to the market. The rise of low cost manufacturing economies such as China are challenging the high-tech segment. The muscle stimulators market credibility is being challenged by the rise of spurious low quality products. There has been cases of burns and skin irritation due to improper use of these low quality muscle stimulators.
Green electronics is the use of environment friendly design and manufacture of electronics using recyclable materials in the production of electronics. Design approaches to green manufacturing use less number of screws so as to snap the device easily during recycling. Another example is the use of eco-friendlier materials to substitute plastic.
Growing regulations on energy consumption and efficiency has led to increasing demand for energy efficient muscle stimulators with a high energy efficiency ratio. Another issue is the safety of the devices. There have been cases of burns and skin irritation due to improper use of muscle stimulators of poor quality and design.
Global Muscle Stimulator Market – Competitive Analysis:
June 2017- OMRON Corporation and RIKEN Research Institute agreed to set up Riken BSI-Omron collaboration centre. The centre will conduct research based on a fusion of brain science and artificial intelligence (AI) to help humans and machines evolve together in society. The research project is aimed at developing next generation technology fusing brain science and AI by elucidating the relationship between brain activity and people’s physical conditions such as physical health and cognition as well as that between brain activity and people’s mental conditions such as emotions and will power.
May, 2017- NeuroMetrix announced issuance of New U.S. patent for Quell wearable pain relief technology. Quell is unique among commercial transcutaneous electrical nerve stimulation devices in that it uses sensors to automatically adjust stimulation for optimal comfort and pain relief. The advanced wearable device is lightweight and can be worn during the day while active, and at night while sleeping. It has been cleared by the FDA for treatment of chronic pain without a prescription. In a recent study, 81% of Quell users reported an improvement in their chronic pain.
August 2015- Axiobionics announced the launch of its therapy Device – TripleFlex. Axiobionics, a leading medical device company focused on rehabilitation of patients with physical disabilities, is utilizing electrical stimulation and other innovative devices to provide muscle therapy and pain management solutions. TripleFlex accomplishes needs not achieved by orthotics, in includes typically restrict movement. Instead, TripleFlex puts energy into a patient’s step by flexing the hip, knee, and ankle joints to improve the biomechanics of walking.
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