Global Muscle Stimulator Market 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.
The muscle stimulators use electric current to elicit contraction in muscles or nerves. The electric signal has intensity and frequency which mimics the nerve signal system. 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.
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.
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The Muscle Stimulator Market is also becoming more customer oriented and there is increasing demand for personalization and customization which has created the demand for smart muscle stimulators. The muscle stimulators today are a far cry from what they use to be. The latest hi-tech muscle stimulators use the advanced software’s which can set the device into a predefined cycle with suitable shifts. The latest muscle stimulators have started getting synchronized with mobiles. Mobile apps will eventually contain all the data in one single point. Connected healthcare muscle stimulators seems to be the future due to their cost reducing effect and the ability to converge data at a single point for analysis.
Key players profiled in the report are DJO Global, Inc., Mettler Electronics Corp., Axiobionics, Zynex, NeuroMetrix, Inc., OMRON Corporation, Tone-A-Matic.
US accounts for the maximum market share due to favorable reimbursement scenario and greater expenditure on healthcare. Europe is the second largest market due to large disposable income and rising awareness. Asia pacific region will be the fastest region because of large unmet needs which will be led by China and India.
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The Middle East and Africa market will be led by the gulf nations particularly Saudi Arabia and UAE. The poor regions of Africa is expected to be a laggard due to poor economic and political conditions.
1 Report Prologue
2.1 Scope of Study
2.2 Research Objective
2.3 Assumptions & Limitations
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
4 Market Dynamics
5 Market Factor Analysis
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