Electrotherapy Market is Predicted to Progress at a Sustainable Growth Rate to Reach USD 1119.1 Million By 2023
May 14, 2019
Market Research Future (MRFR), a firm that excels in healthcare sector among others, has recently published a report on electrotherapy market asserting that the Global Electrotherapy Market is anticipated to reach US$ 1119.1 million at a noteworthy CAGR of ~4.2% from 2016 to 2023.
Pune, Maharashtra - May 14, 2019 /MarketersMedia/ —
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 rise in the acceptance of physiotherapy for treating various ailments has also bolstered the demand for electrotherapy globally. The upsurge in the number of cases related to soft tissue injuries and muscles impairments are increasing the demand for electrotherapy devices. The electrotherapy market is expected to gain substantial traction due to the increased inclination of customers towards drug-free methods of treatment. Furthermore, the awareness of the benefits of electrotherapy is anticipated to provide more avenues for growth in the upcoming forecast period.
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Electrotherapy Market - Key Players
Some of the key players in this 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)
Industry Updates:
In January 2018
Omron Healthcare, Inc. (US) has introduced a device ‘Avail,’ an over the counter, wireless electrical nerve stimulation unit that can be operated remotely through a mobile app ‘Omron TENS’ and comprises of 20 different intensity levels. This device has made it easier for smart phone users as well as for other consumers to monitor elderly patients.
Electrotherapy Market - Segments
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 Analysis
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.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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Website: https://www.marketresearchfuture.com/reports/electrotherapy-market-3185
Source: MarketersMedia
Release ID: 512317
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