The Global Electrotherapy Market was around US$ 839.0 million in 2016 and is expected to reach US$ 1,119.1 million which is projected to grow at a CAGR of 4.2% by 2023.
Electrotherapy is a therapy which uses electrical impulses for soft tissue injuries, stimulate muscles and improve muscle strength and sensation. There are different use of electrotherapy such as pain management, cardiology, tissue repair, urine and fecal incontinence. Increasing use of electrotherapy by physiotherapist and sports person is driving the growth for the market. Technological advancement and innovation are some other major driving factors which supports the market growth. Some electrotherapy devices are also useful for weight loss. Increasing funding for new product development and rise in the new product launches is creating better competitive environment and also boosting the market for electrotherapy.
Some of the key players in this market are:
- BTL (Czech Republic),
- Eme srl (Italy),
- EMS Physio Ltd. (UK),
- Enraf-Nonius B.V. (Netherlands),
- gbo Medizintechnik AG (Germany),
- MEDTRONIC (Republic of Ireland),
- Omron Healthcare Inc. (US),
- Phoenix Healthcare (UK),
- Pure Care (US),
- STYMCO Technologies LLC (US),
- Walgreen Co. (US)
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Regional Analysis of Global Electrotherapy Market:
Considering the global scenario of the market, North America is largest market for electrotherapy, in North America region US hold largest market share while European market is second largest, and the growth rate is higher in west European countries. On the other hand, Asia-Pacific (APAC) is fastest growing market and expected to dominate the market by 2023. Middle East and Africa (ME&A) is likely to have a limited growth in the market due to less awareness of devices and treatment.
1 Report Prologue
2.2 Scope of the Study
2.2.1 Research Objective
2.3 Market Structure
2.4. Market Segmentation
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3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.4 Mega Trends
4.5 Macroeconomic Indicators
5 Market Factor Analysis
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