Muscle Stimulator Market report published by Market Research Future focuses on the key player’s profiles in detail with granular analysis of the market share, production technology, market entry strategies, revenue forecasts to reach $ 768.3 million at a CAGR of ~6.1% during 2018-2023
Muscle Stimulator Market – Key Players
Key players profiled in the report are
- DJO Global, Inc.
- Mettler Electronics Corp.
- NeuroMetrix, Inc.
- OMRON Corporation
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Muscle Stimulator Market – Overview
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.
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.
Muscle Stimulator Market – Segments
Division of the global muscle stimulator market’s various segments in MRFR’s report has been performed on the basis of product, application, and region. Products in the muscle stimulator market include burst mode alternating current, transcutaneous electrical nerve stimulator, neuromuscular electric stimulation, and interferential current. The transcutaneous electrical nerve stimulator has been observed to have captured the largest share in the market and is expected to retail leadership position throughout the forecasted period.
Applications of muscle stimulators include neurological & movement disorder management, pain management, and musculoskeletal disorder management.
Muscle Stimulator Market – Regional Analysis
North America due to the presence of the U.S in the region accounts for the lion’s share of the global market due to the presence of favorable reimbursement schemes as well as the presence of a substantially developed healthcare sector. The presence of several market players in the region also promotes the region’s growth. Europe has been identified as the second largest regional market due to the presence of rising awareness regarding the use of muscle stimulators as well as the high disposable income present in the region.
The Asia Pacific is expected to grow at the highest pace with the most significant CAGR due to large unmet needs in the region. The demand for products like muscle stimulators is growing, and the Muscle Stimulators Market is supported by the rising expenditure on the healthcare sector. The reforms in the healthcare sector combined with the rise in disposable income in emerging economies is expected to drive significant growth in the foreseeable future.
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