Electrotherapy System Market to Grow with a CAGR of 6.71% through 2028
Growing prevalence of chronic pain conditions and increasing
sports injuries are factors driving the Global Electrotherapy System Market in the forecast
period 2024-2028.
According to TechSci Research report, “Electrotherapy
System Market – Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028”, the Global Electrotherapy System Market stood
at USD 1054.02 Million in 2022 and is anticipated to grow with a CAGR of 6.71% in
the forecast period, 2024-2028. The global
electrotherapy system market has been witnessing significant growth in recent
years, and the trend is expected to continue in the coming years.
Electrotherapy is a non-invasive medical treatment that uses electrical
stimulation to alleviate pain, promote tissue healing, and improve muscle
strength and function. The global market for electrotherapy systems is being
driven by several key factors, ranging from the rising prevalence of chronic
pain conditions to technological advancements and increasing adoption by
healthcare professionals.
One of the primary drivers of the
electrotherapy system market is the increasing prevalence of chronic pain
conditions worldwide. Conditions such as back pain, arthritis, and neuropathic
pain affect millions of people globally, leading to a growing demand for
non-pharmacological pain management options. Electrotherapy systems provide an
effective and drug-free solution for pain relief, making them an attractive
choice for patients and healthcare providers alike. The global population is
aging, and this demographic shift is contributing to the market's growth.
Elderly individuals are more likely to experience chronic pain and
musculoskeletal issues, making them a key target demographic for electrotherapy
devices. As the elderly population continues to expand, the demand for these
devices is expected to rise, further driving the market.
Electrotherapy systems are no longer
limited to pain management. They are increasingly being used in various medical
specialties, including physical therapy, rehabilitation, orthopedics, and
neurology. Their versatility and effectiveness in treating a wide range of
conditions, from muscle injuries to neurological disorders, have expanded their
application areas, driving their adoption among healthcare professionals.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Global Electrotherapy System Market.”
The Global Electrotherapy System Market is segmented into
technology, application, therapy, end user and company.
Based on end user, the hospitals & Clinics segment
has emerged as the predominant market leader. Many hospital clinics operate on a
multidisciplinary approach, where various medical specialists work together to
provide comprehensive patient care. Electrotherapy systems can complement
conventional treatment methods, making them an integral part of this approach.
For instance, electrotherapy is often used in conjunction with physical
therapy, chiropractic care, and pain management in these settings. Hospital clinics
are often associated with teaching institutions, which actively engage in
research and development activities. As a result, they have been at the
forefront of innovations in electrotherapy systems. Collaborations between
healthcare providers and researchers have led to the development of more
effective and safer devices, benefiting both patients and the industry as a
whole.
Based on region, North America segment is expected to
grow during the forecast period. Stringent regulations and quality
standards in North America have ensured that electrotherapy devices adhere to
high-quality standards. This has enhanced the region's credibility in the
global market. North America has been a hub for electrotherapy system research and
development. Public and private sector investments in this field have propelled
the market forward, leading to new product offerings and treatment techniques.
The Asia Pacific region is experiencing rapid market
growth. Manufacturers in Asia Pacific are constantly expanding their product
portfolios, offering devices that cater to various applications and patient
needs. This diversification has enabled healthcare providers to offer tailored
treatments.
Major companies operating in Global Electrotherapy
System Market are:
- Medtronic Plc
- Zynex Medical Inc.
- DJO Global, Inc.
- Nevro Corporation
- BTL Industries, Inc.
- Zealmax Innovations Pvt. Ltd.
- LivaNova PLC
- EMS Physio Ltd.
- STYMCO Medical
- Omron Corporation
- TensCare Ltd
- Neuro20 Technologies Corp.
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“The global electrotherapy system market is poised for
significant growth due to the convergence of multiple market drivers. The
increasing prevalence of chronic pain conditions, the aging population,
technological advancements, expanding application areas, and changing patient
preferences for non-invasive treatments are all contributing to the market's
expansion. As the healthcare industry continues to evolve and prioritize
non-pharmacological solutions, electrotherapy systems are expected to play a
crucial role in improving the quality of life for many individuals around the
world.,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Electrotherapy System Market By Technology
(Transcutaneous Electrical Nerve Stimulation (TENS), Neuromuscular Electrical
Stimulation (NMES), Inferential Current (IFC), Percutaneous Electrical Nerve
Stimulation (PENS), Electronic Muscle Stimulator (EMS), Spinal Cord Stimulation
(SCS), Electro-acupuncture (EA), Others), By Application (Chronic Wound
Healing, Neuromuscular Dysfunction, Pain Management, Tissue Repair,
Musculoskeletal Disorder, Physical Therapy, Iontophoresis, Others), By Therapy (Extracorporeal Shock Wave Therapy,
Magnetic Field Therapy, Ultrasound Therapy, Microcurrent Therapy,
Interferential Current Therapy, Other), By End user (Hospitals & Clinics,
Ambulatory Care Centers, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of Global Electrotherapy System Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Electrotherapy System Market.
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