Electrotherapy Market Comprehensive Growth Strategies, In – depth Analysis, Key Players and Geographical Regions to 2027

Research Reports

Mar 22, 2022

Electrotherapy Market Scenario:

The electrotherapy market is expected to register a CAGR of 5.10% during the assessment period of 2020 to 2027, to reach USD 1,463.74 million by 2027.

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 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 fuelling 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 Top Companies:

Some of the prominent players in the global electrotherapy 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), and others.

Electrotherapy Market Segmental Analysis:

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 Regional Overview:

The regional analysis of the Electrotherapy Market comprises of regions such as North America, Europe, Asia Pacific, Africa, and the Middle East. The North American region is the major market for electrotherapy. In the North America region, the US controls a major market share while the European market is the next major region in the market. The growth rate is relatively higher in west European countries. Conversely, the Asia Pacific region is a rapidly growing market and is anticipated to control the market by the year 2023. The Middle East and African region are expected to have restrained growth in the market owing to a low-level awareness of the devices and treatment.

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