To keep a competitive advantage in the market, major corporations are concentrating on various development methods, such as global expansions. For example, DJO Worldwide, Inc. moved its global headquarters from San Diego, California to Dallas, Texas in December 2018. With this development, the firm hoped to increase client accessibility and solidify its position in the market for electrotherapy systems worldwide.
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Important businesses are also concentrating on inorganic techniques like mergers and acquisitions. A portion of DJO Worldwide, Inc.’s North American distribution operations were managed in 2019 through a partnership with XPO Logistics, a global logistics supplier of supply chain solutions. The partnership has aided DJO Global in growing its clientele in the North American area.
The COVID-19 pandemic recently disrupted a number of markets throughout the world and is predicted to negatively impact demand and supply in the market for electrotherapy systems. The COVID-19 outbreak has already had three primary effects on supply and demand for electrotherapy systems: 1) a direct influence on production and demand; 2) interruptions in the distribution chain; and 3) a financial impact on businesses and financial markets. Lockdowns around the country are causing disruptions to supply chains and manufacturing operations in China, India, and the U.S. However, the transit of narcotics between different locations is a concern for nations like Saudi Arabia, the United Arab Emirates, Egypt, and others.
Market participants in the electrotherapy system market are concentrating on creating innovative electrotherapy products, which is projected to fuel the market growth, in order to tackle COVID-19. For instance, OMRON Healthcare, Inc. introduced Focus TENS Therapy for Knee on April 22, 2020. This wearable device uses transcutaneous electrical nerve stimulation technology and is suitable for chronic, arthritic, and acute pain brought on by exercise strain or regular activity.
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Because academic and research institutions are concentrating on research and development, which is projected to increase desire for electrotherapy systems in the industry, the market is anticipated to have considerable growth over the forecast period. In November 2018, medical professionals at the Massachusetts Ocular and Cochlea Institute used electrodes in the nose to induce nerves in the olfactory bulb, causing humans to develop a sense of smell. This advance sped up the growth of odour recovery innovation in the electrotherapy market.
As prominent firms concentrate on new releases and product approval of electrotherapy devices in the industry, the worldwide market for electrotherapy systems is anticipated to see a CAGR of 7.8% during the projected period.
Given that manufacturers are concentrating on releasing products that may be used for spinal cord stimulation for the treatment of chronic pain, it is predicted that the spinal cord stimulation market will hold the greatest market share in technology by 2020.
Due to the growing use of electric stimulation for treating cancer and arthritis-related chronic pain, the pain management application is anticipated to account for the greatest market share in 2020.
As major companies concentrate on getting approvals for electrotherapy devices, the magnetic field therapy market category is anticipated to hold the biggest market share in therapy by 2020.
Omron Corporation, Medtronic Plc, STYMCO Medical, Zynex Medical Inc., EMS Physio Ltd., DJO Worldwide, Inc., LivaNova PLC, Nevro Corporation, Zealmax Innovations Pvt. Ltd., BTL Industries, Inc., and are among the companies active in the global electrotherapy system market.
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Reasons to buy this Electrotherapy System Market Report
☑ It attempts an analysis of the competing scenario.
☑ The current and exceptional product revenue market.
☑ An in-depth data on the regional investigation and competitive landscape structure.
☑ It benefits in creating an awareness of the important key product segments.
☑ The marketing strategies, opportunities, and development factors are explained.
☑ Electrotherapy System market size estimation and recent advancements in the industry are explained.
The Study Objectives are:
✔ A comprehensive insight into key players operating in the Electrotherapy System Market and their corresponding data.
✔ It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies.
✔ Regional analysis, which includes insight into the dominant market and corresponding market share.
✔ It also includes various socio-economic factors affecting the evolution of the market in the region.
✔ The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.
Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Electrotherapy System Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Electrotherapy System Industry Impact
Chapter 2 Global Electrotherapy System Competition by Types, Applications, and Top Regions and Countries
2.1 Global Electrotherapy System (Volume and Value) by Type
2.3 Global Electrotherapy System (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Electrotherapy System Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Electrotherapy System Market Analysis
Chapter 6 East Asia Electrotherapy System Market Analysis
Chapter 7 Europe Electrotherapy System Market Analysis
Chapter 8 South Asia Electrotherapy System Market Analysis
Chapter 9 Southeast Asia Electrotherapy System Market Analysis
Chapter 10 Middle East Electrotherapy System Market Analysis
Chapter 11 Africa Electrotherapy System Market Analysis
Chapter 12 Oceania Electrotherapy System Market Analysis
Chapter 13 South America Electrotherapy System Market Analysis
Chapter 14 Company Profiles and Key Figures in Electrotherapy System Business
Chapter 15 Global Electrotherapy System Market Forecast (2022-2028)
Chapter 16 Conclusions
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