Market reports linked to the medical device industry have been made available by Market Research Future which creates reports on other industry verticals that outlines the current market scenarios. The market is anticipated to expand with a 4.2% CAGR while achieving revenues totaling US$ 1119.1 million by the end of the forecast period.
The upsurge in the number of cases related to soft tissue injuries and muscles impairments are increasing the demand for electrotherapy devices. The electrotherapy market is expected to gain substantial traction due to the increased inclination of customers towards drug-free methods of treatment. Furthermore, the awareness of the benefits of electrotherapy is anticipated to provide more avenues for growth in the upcoming forecast period.
Electrotherapy Market – Competitive Analysis
The plan formulation process in the market has become significantly easier in which deviations are well accounted for; this approach increases the overall success of these plans in the market. The leadership trends in the market are reinforcing the level of growth that can be achieved in the present market scenario. The alterations seen in terms of strategy execution and creation are altering the development pace of the market. The evolution patterns are revised in tandem to the customer likings to realize the greatest growth, and in the long run, viability. The framework for growth plans also has stimulated the market for potential new entrants. The market contenders are making considerable adjustments to minimize the incidence of competitive disadvantage. The market is also well equipped to meet the challenges and keep up with the dynamic growth trends effectively.
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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)
In January 2018, Omron Healthcare, Inc. (US) has introduced a device ‘Avail,’ an over-the-counter, wireless electrical nerve stimulation unit that can be operated remotely through a mobile app ‘Omron TENS’ and comprises of 20 different intensity levels. This device has made it easier for smart phone users as well as for other consumers to monitor elderly patients.
Electrotherapy Market – Regional Analysis
Regionally, the global electrotherapy market is segmented into North America, Europe, Asia-Pacific (APAC) and Middle East and Africa. Due to the increasing adoption of electrotherapy system in sports injury treatments and other purposes, North America is currently the largest market for electrotherapy. The use of electrotherapy as rehabilitation and preventive tool for partially or completely immobilized patients is driving the market in the European region. On the other hand, Asia-Pacific region is considered to be the fastest growing electrotherapy market and it may out-run North America for being the largest market by the end of 2023. Whereas, Middle-East and Africa are likely to have limited growth in the electrotherapy market due to the lack of awareness of the treatment and devices.
Electrotherapy Market – Segments
The Global Electrotherapy Market has been segmented based on type, devices and application. Based on types, the electrotherapy market is segmented into extracorporeal shock wave therapy, interferential, magnetic field therapy (constant energy magnets, pulsed electro-magnetic field energy), ultrasound therapy, transcutaneous electrical nerve stimulation (TENS) therapy (conventional TENS, acupuncture-like TENS (AL-TENS), intense TENS), and others.
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Based on devices, the global electrotherapy market is segmented into transcutaneous electrical neural stimulator (TENS), electronic muscle stimulator (EMS), interferential stimulator (IF), high voltage pulsed galvanic stimulator (HVPGS), micro-current stimulator (MC) or micro-current electrical neuromuscular stimulator (MENS), and others.
Based on application, the global electrotherapy market is segmented into orthopedics, cardiology, urology, pain management (chronic pain, chronic fatigue, migraine headaches, wound healing, diabetic nerve pain, stimulating bone growth), acute and chronic edema, and others.
Some of Table of Content for “Global Electrotherapy Market Research Report – Forecast To 2023”
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
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