Electrotherapy Market Share, Trends And Growth Analysis By Type (Extracorporeal Shock Wave Therapy, Interferential, Magnetic Field Therapy, Ultrasound Therapy, Transcutaneous Electrical Nerve Stimulation (Tens) Therapy And Others), By Devices (Transcutaneous Electrical Neural Stimulator (Tens), Electronic Muscle Stimulator (Ems), Interferential Stimulator (If), High Voltage Pulsed Galvanic Stimulator (Hvpgs), Microcurrent Stimulator (Mc) Or Microcurrent Electrical Neuromuscular Stimulator (Mens), And Others), By Application (Orthopedics, Cardiology, Urology, Pain Management, Acute And Chronic Edema, And Others) – Global Forecast To 2023
Market Overview:
Global Electrotherapy Market Size is anticipated to reach USD 1119.1 million at a CAGR of 4.2% by 2023 says Market Research Future (MRFR). The report majorly focuses on various segments that are driving this market and has provided the current opportunities, challenges as well as the restraints affecting the growth of global electrotherapy market. Electrotherapy is a type of treatment in which electrical impulses are used in stimulating nerves and muscles for multiple purposes which majorly includes pain management, stimulation of muscle contraction, stimulation of physiochemical changes in the body and others. The use of electrotherapy for various therapeutic purposes is increasing, hence driving the growth of the global electrotherapy market.
The inclination of physiotherapists and athletic trainers is more towards the inclusion of electrotherapy system as an adjunct to the traditional physiotherapy treatment. The rapid adoption of advanced technology in the healthcare sector is increasing the demand for electrotherapy system in the market. The increase in the incidence of spinal injuries and growing prevalence of diabetes and obesity are some of the factors fueling the expansion of global electrotherapy market. The rapid inclusion of electrotherapy system for re-education after nerve injury or trauma, to reduce muscle damage due to immobilization and to increase the production of vitamin D and corticosteroids is driving the global electrotherapy market to reach higher verticals.
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Electrotherapy is believed to stimulate the intracellular activities in the body leading to faster healing of wounds. It is widely used in sports and athletics sector by trainers and physiotherapist as a pain management treatment to alleviate the pain in 5 to 30 minutes depending on the degree of injury. The augmentation in technological advancement and increasing dependency on advanced healthcare procedures to provide or receive efficient and quick remedies is one of the major factors that are driving the global electrotherapy market. On the flip side, lack of usage guidelines, availability of substitute products and low awareness regarding the available treatments are likely to hamper the growth of global electrotherapy market.
Electrotherapy Market Segmentation:
The global electrotherapy market has been segmented on the basis of type, devices and application. On the basis of 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.
On the basis of 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.
On the basis of 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.
Electrotherapy Market Key Players:
Some of the prominent players in the global electrotherapy Industry 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), and others.
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 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.
Table of Content
- Electrotherapy Market Report Prologue
- Electrotherapy Market Report Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
2.4. Market Segmentation
- Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
- Electrotherapy Market Report Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Mega Trends
4.5 Macroeconomic Indicators
- Electrotherapy Market Report Factor Analysis
5.1 Value Chain Analysis
5.2 Porters Five Forces
5.3 Demand & Supply: Gap Analysis
5.4 Pricing Analysis
5.5 Investment Opportunity Analysis
5.6 Merger And Acquisition Landscape
5.7 Upcoming Trends
5.7.1 Market Trends
5.7.2 Technological Trends
5.7.3 Insurance & Regulations
5.7.4 Others
- Global Electrotherapy Market By Type
6.1 Extracorporeal Shock Wave Therapy
6.2 Interferential
6.3 Magnetic Field Therapy
6.3.1 Constant Energy Magnets
6.3.2 Pulsed Electro-Magnetic Field Energy
6.4 Ultrasound Therapy
6.5 Transcutaneous Electrical Nerve Stimulation (TENS) Therapy
6.5.1 Conventional TENS
6.5.2 Acupuncture-Like TENS (AL-TENS)
6.5.3 Intense TENS
6.6 Others
- Global Electrotherapy Market By Devices
7.1 Transcutaneous Electrical Neural Stimulator (TENS)
7.2 Electronic Muscle Stimulator (EMS)
7.3 Interferential Stimulator (IF)
7.4 High Voltage Pulsed Galvanic Stimulator (HVPGS)
7.5 Microcurrent Stimulator (MC) Or Microcurrent Electrical Neuromuscular Stimulator (MENS)
7.6 Others
- Global Electrotherapy Market By Application
8.1 Orthopedics
8.2 Cardiology
8.3 Urology
8.4 Pain Management
8.4.1 Chronic Pain
8.4.2 Chronic Fatigue
8.4.3 Migraine Headaches
8.4.4 Wound Healing
8.4.5 Diabetic Nerve Pain
8.4.6 Stimulating Bone Growth
8.4.7 Others
8.5 Acute And Chronic Edema
8.6 Others
- Global Electrotherapy Market By Region
9.1 Introduction
9.2 America
9.2.1 North America
9.2.1.1 The US
9.2.1.2 Canada
9.2.2 South America
9.3 Europe
9.3.1 Western Europe
9.3.1.1 Germany
9.3.1.2 France
9.3.1.3 Italy
9.3.1.3 Spain
9.3.1.5 UK
9.3.1.6 Rest Of Western Europe
9.3.2 Eastern Europe
9.4 Asia
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.4.5 Rest Of Asia
9.5 Pacific
9.6 Middle East And Africa
9.6.1 UAE
9.6.2 Saudi Arabia
9.6.3 Egypt
9.6.4 Rest Of Middle East And Africa
10 Conclusion
10.1 Key Findings
10.1.1 From CEO’s Viewpoint
10.1.2 Unmet Needs Of The Market
10.2 Key Companies To Watch
10.3 Prediction Of Electrotherapy Market
11 Appendix
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