Global Electrotherapy 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), Application (Chronic Wound Healing, Neuromuscular Dysfunction, Pain Management, Tissue Repair, Musculoskeletal Disorder, Physical Therapy, Iontophoresis, Others), Therapy (Extracorporeal Shock Wave Therapy, Magnetic Field Therapy, Ultrasound Therapy, Micro current Therapy, Interferential Current Therapy, Others), End-User (Hospitals, Rehabilitation Centres, Clinics) – Industry Trends and Forecast to 2030.
Electrotherapy Market Analysis and Size
According to the Global Pain Index, a survey conducted by GSK Consumer Healthcare, revealed that 95% of the global population experienced body pain, with 86% experiencing chronic pain. The survey covered 32 countries and included over 19,000 participants. It estimated that low back pain alone affected 540 million people worldwide. Also, the European Pain Federation (EFIC) reports that chronic pain affects approximately 20% of the adult population in Europe, with estimates ranging from 9% to 30% across different countries.
Data Bridge Market Research analyses that the global electrotherapy market which was USD 900 million in 2022, would rocket up to USD 1,100 million by 2030, and is expected to undergo a CAGR of 3.6% during the forecast period 2023-2030. This indicates the market value. “Pain Management” dominates the application segment of the global electrotherapy market owing to the growing demand for better treatment and diagnostic methods. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Electrotherapy Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, and Pricing in USD
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Segments Covered
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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), Application (Chronic Wound Healing, Neuromuscular Dysfunction, Pain Management, Tissue Repair, Musculoskeletal Disorder, Physical Therapy, Iontophoresis, Others), Therapy (Extracorporeal Shock Wave Therapy, Magnetic Field Therapy, Ultrasound Therapy, Micro current Therapy, Interferential Current Therapy, Others), End-User (Hospitals, Rehabilitation Centres, Clinics)
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Countries Covered
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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
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Market Players Covered
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Medtronic (Ireland), AliMed, Inc. (U.S.), Abbott (U.S.), Laborie, Inc. (Canada), Zynex Medical (U.S.), NeuroMetrix, Inc. (U.S.), DJO Global (U.S.), Cyberonics, Inc. (U.S.), Nevro Corp (U.S.), Boston Scientific Corporation (U.S.), STYMCO Technologies (U.S.), Omron Healthcare, Inc. (Japan), Walgreen Co. (U.S.), BTL (U.K.), Chirag Electronics Pvt. Ltd (India), EMS Physio Ltd. (U.K.), Johari Digital (India) and Electronic Waveform Lab (U.S.)
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Market Opportunities
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Market Definition
Electrotherapy is defined as a therapy which uses electric energy in the medical treatment. Electrotherapy has numerous uses which include pain management, cardiology, tissue repair, urine and fecal incontinence. Most athletic trainers and therapists use electrotherapy system in the management of athletic injuries. Transcutaneous spinal electro analgesia, pulsed short wave diathermy, spinal cord stimulation, micro- current therapy, percutaneous electrical nerve stimulation among others are some of the common electrotherapy treatments.
Global Electrotherapy Market Dynamics
Drivers
- Increasing Prevalence of Chronic Pain
Chronic pain conditions, such as arthritis, back pain, and neuropathy, are widespread and affect millions of people worldwide. Electrotherapy devices offer non-invasive pain relief and management options, making them a preferred choice for patients and driving the demand for electrotherapy products.
- Growing Geriatric Population
The aging population is more susceptible to various musculoskeletal and neurological disorders, leading to an increased demand for pain management solutions. Electrotherapy devices, such as TENS (Transcutaneous Electrical Nerve Stimulation) and EMS (Electrical Muscle Stimulation), are commonly used for pain relief and rehabilitation in the elderly population.
Opportunities
- Integration with Digital Healthcare Platforms
The integration of electrotherapy devices with digital healthcare platforms, such as telemedicine and remote patient monitoring, presents opportunities for remote treatment and monitoring of patients. This can improve accessibility to electrotherapy treatments, especially for individuals in remote areas or those with limited mobility.
- Increasing Application in Sports and Fitness
Electrotherapy devices are widely used in sports medicine and rehabilitation for pain management, muscle stimulation, and injury recovery. The growing interest in sports and fitness activities, as well as the emphasis on injury prevention and rehabilitation, creates opportunities for the use of electrotherapy devices in sports training centres, fitness facilities, and home-based fitness programs
Restraints/Challenges
- Lack of Reimbursement Policies
Limited or lack of reimbursement policies for electrotherapy treatments can hinder market growth. Without proper reimbursement, patients may face financial barriers to accessing electrotherapy devices and treatments, impacting adoption rates and market expansion.
- Limited Awareness and Education
Despite the growing awareness of electrotherapy, there is still a lack of comprehensive understanding among healthcare professionals and patients regarding its potential benefits and appropriate use. Limited awareness and education about electrotherapy can hinder market growth and adoption.
- Competition from Alternative Therapies
Electrotherapy devices face competition from alternative pain management therapies, such as medications, surgical interventions, and other non-invasive treatments. The effectiveness and perceived convenience of these alternatives may pose challenges to the adoption of electrotherapy devices.
- Variability in Treatment Outcomes
The effectiveness of electrotherapy treatments can vary depending on individual patient factors and the specific condition being treated. Variability in treatment outcomes may impact the perception and adoption of electrotherapy devices, particularly if patients do not experience the desired results.
This global electrotherapy market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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 the global electrotherapy market contact Data Bridge Market Research for an analyst brief, our team will help you make an informed market decision to achieve market growth.
Recent Developments
- In November 2021, Medtronic announced the launch of its Intellis platform with AdaptiveStim technology, which is designed to provide personalized pain relief for patients suffering from chronic pain
- In October 2021, Boston Scientific announced the launch of its WaveWriter Alpha Spinal Cord Stimulator (SCS) System in Europe. This system provides personalized therapy options for patients with chronic pain
- In August 2021, Zynex Medical announced the launch of its NexWave Go wearable neurostimulation device. This device offers a non-invasive option for pain relief and is designed to be worn discreetly under clothing
- In August 2021, Omron Healthcare announced the launch of its Avail wireless TENS device. This device provides drug-free pain relief and is designed for easy use and portability
Global Electrotherapy Market Scope
The global electrotherapy market is segmented on the basis of technology, application, therapy and end users. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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
Therapy
- Extracorporeal Shock Wave Therapy
- Magnetic Field Therapy
- Ultrasound Therapy
- Micro current Therapy
- Interferential Current Therapy
- Others
Application
- Chronic Wound Healing
- Neuromuscular Dysfunction
- Pain Management
- Tissue Repair
- Musculoskeletal Disorder
- Physical Therapy
- Iontophoresis
- Others
End Users
- Hospitals
- Rehabilitation Centres
- Clinics
Global Electrotherapy Market Regional Analysis/Insights
The global electrotherapy market is analysed and market size insights and trends are provided by country, technology, application, therapy and end users as referenced above.
The countries covered in the global electrotherapy market report are 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.
North America dominates the global electrotherapy market because of the strong base of healthcare facilities, the strong presence of major players in the market, the extraordinary healthcare infrastructure, and the large pool of people having muscular, neuromuscular, etc. related health issues.
Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to the increase in government initiatives to promote healthcare, the rising health awareness among the people and growing demand for advanced medical technology for diagnosis and treatment procedures, the large population pool, and the growing demand for quality healthcare in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Electrotherapy Market Share Analysis
The global electrotherapy market competitive landscape provides details by competitors. 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 the global electrotherapy market.
Some of the major players operating in the global electrotherapy market are:
- Medtronic (Ireland)
- AliMed, Inc. (U.S.)
- Abbott (U.S.)
- Laborie, Inc. (Canada)
- Zynex Medical (U.S.)
- NeuroMetrix, Inc. (U.S.)
- DJO Global (U.S.)
- Cyberonics, Inc. (U.S.)
- Nevro Corp (U.S.)
- Boston Scientific Corporation (U.S.)
- STYMCO Technologies (U.S.)
- Omron Healthcare, Inc. (Japan)
- Walgreen Co. (U.S.)
- BTL (U.K.)
- Chirag Electronics Pvt. Ltd (India)
- EMS Physio Ltd. (U.K.)
- Johari Digital (India)
- Electronic Waveform Lab (U.S.)
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