Global Electrotherapy Devices Market, By Product Type (Low Frequency, Mid Frequency, High Frequency), Application (Pain Management, Urine & Fecal Incontinence, Sports Injury Treatment, Tissue Repair, Iontophoresis, Acute & Chronic Edema, Wound Healing, Cosmetic, Others), End-User (Rehabilitation Centers, Long-term care Centers, Specialty Clinics, Hospitals, Homecare Settings, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Electrotherapy Devices Market
The electrotherapy devices market is expected to witness market growth at a rate of 3.71% in the forecast period of 2021 to 2028 and is expected to reach USD 1388.22 million by 2028. Data Bridge Market Research report on electrotherapy devices market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rapid advancements in the healthcare sector globally is escalating the growth of electrotherapy devices market.
Electrotherapy refers to the type of therapy that uses electric impulses and provides a range of treatment for reducing pain by improving blood circulation, promoting bone growth, relaxing muscles and repairing tissues. The adoption of physiotherapy for treating ailments including sound, light, thermal, or electrical beneficial in reducing pain and improving body functions.
The rise in incidences of spinal injuries and lower back pain across the globe acts as one of the major factors driving the growth of electrotherapy devices market. The increase in the application of high frequency electrotherapy for heating up of deep seated tissues to achieve elimination of harmful substances, muscle relaxation and pain relief, and rise in incidences of diseases such as muscle injury, inflammation, nervous disease and pain among others accelerate the market growth. The surge in accidents caused by playing outdoor sports linked to the injuries demanding efficient pain management, and some of the sports requiring full contact and high velocity such as Football, rugby, and wrestling, further influence the market. Additionally, increase in the population, improved healthcare infrastructure and growth in awareness positively affects the electrotherapy devices market. Furthermore, technological advancements in electrotherapy devices extend profitable opportunity to the market players in the forecast period of 2021 to 2028.
- On the other hand, availability of large number of substitutes and saturation in developed countries are expected to obstruct the market growth. Lack of awareness about the usage of electrotherapy devices is projected to challenge the electrotherapy devices market in the forecast period of 2021-2028.
This electrotherapy devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on electrotherapy devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Electrotherapy Devices Market Scope and Market Size
The electrotherapy devices market is segmented on the basis of product type, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the electrotherapy devices market is segmented into low frequency, mid frequency and high frequency.
- On the basis of application, the electrotherapy devices market is segmented into pain management, urine & fecal incontinence, sports injury treatment, tissue repair, iontophoresis, acute & chronic edema, wound healing, cosmetic and others.
- On the basis of end-user, the electrotherapy devices market is segmented into rehabilitation centers, long-term care centers, specialty clinics, hospitals, homecare settings and others.
Electrotherapy Devices Market Country Level Analysis
The electrotherapy devices market is analyzed and market size insights and trends are provided by country, product type, application and end-user as referenced above.
The countries covered in the electrotherapy devices market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the electrotherapy devices market because of the rise in the adoption of electrotherapy systems by athletes and growth in the geriatric population. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 due to the surge in the diabetic population in the region.
The country section of the market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The electrotherapy devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for electrotherapy devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the electrotherapy devices market. The data is available for historic period 2010-2019.
Competitive Landscape and Electrotherapy Devices Market Share Analysis
The electrotherapy devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to electrotherapy devices market.
The major players covered in the electrotherapy devices market report are Medtronic, AliMed, Inc., Abbott, Laborie, Inc., Zynex Medical, NeuroMetrix, Inc., DJO Global, Cyberonics, Inc., Nevro Corp, Boston Scientific Corporation, STYMCO Technologies, Omron Healthcare, Inc., Walgreen Co., BTL, Chirag Electronics Pvt. Ltd, EMS Physio Ltd., and Johari Digital and Electronic Waveform Lab, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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