Key players are anticipated to focus on strong suppliers & distribution channel development to reinforce their presence in developing markets.
DUBAI, UAE / ACCESSWIRE / January 6, 2021 / The global muscle stimulation devices market is slated to grow passively, at a 3.9% CAGR during 2018-2028. Rising incidences of spinal cord and head injuries is likely to boost growth of the global market during the assessment period. Furthermore, higher number of fitness enthusiasts and athletes use electrical muscle stimulators to improve their training regimens and fitness. These devices are also utilized in home care settings and gyms to amplify exercise programs.
"Combination therapy using MS, US, and IFT devices are trending the Asia Pacific market, particularly for lower back pain and joint pain. Thus, several companies in APAC are projected to target physiotherapy clinics and hospitals, for expanding portable combination device sales." states the FMI analyst.
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Important Highlights
- The US in North America market is spearheading the global market followed by Europe.
- Transcutaneous Electric Nerve Stimulator (TENS) will lead among other product types in the global market
- Pain management application is anticipated to expand a notable pace due to rising geriatric population suffering from muscle pain.
- Physiotherapy clinics will record high CAGR amid the forecast period in contrast to other end users.
Drivers
- Launch of technologically advanced products, for instance, wearable muscle stimulator devices will push market growth in the forthcoming years.
- Increasing preference for muscle stimulator amid physiotherapists is supporting growth in the market.
- Increasing cases of Anterior Cruciate Ligament (ACL) tear, hamstring strain and hip flexor strain, amid sports players which necessitates muscle stimulation therapy is likely to impel the growth.
Restraints
- Higher cost associated with the muscle stimulator is encouraging consumers to choose for cheaper substitute therapies.
- Increased adoption of alternative therapies amid patient population due to absence of guidelines for the usage is restraining the market growth.
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COVID-19 Impact on Muscle Stimulation Devices Market
The need for lifesaving medical devices is unlike anything the healthcare sector with the onset of COVID-19 pandemic. The muscle stimulation devices market is foreseeing a notable surge in demand as notably large number of patients with COVID-19 necessitates long ICU admission and longer stays are likely to develop ICU-acquired weakness.
Competitive Landscape
Key players in the muscle stimulation devices market are fortifying product portfolio by presenting new products with enhanced features, and via strategic m&a. Furthermore, a rising number of local players will result in forming a fragmented market, as the market is already led by smaller-sized companies fulfilling the domestic consumer demands.
Some of the players identified in the global market are Omron Corporation, R.S. Medical Inc., Neurometrix Inc., Zynex Inc., and DJO Global Inc.
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About the Study
The study offers readers a comprehensive assessment of the muscle stimulation devices market. Global, regional and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights on the basis of product types (Transcutaneous Electric Nerve Stimulator (TENS), Neuromuscular Electric Stimulator (NMES), Burst Mode Alternating Current and Interferential (If)), application (musculoskeletal disorder management, neurological & movement disorder management and pain management) end user (physiotherapy clinics, hospitals, home care settings and sports clinics) and across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).
Table Of Content
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Muscle Stimulation Devices Market Opportunity Analysis
3.1. Macro-Economic Factors
3.2. Opportunity Analysis
4. Market Background
4.1. Market Dynamics
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Trends
5. North America Muscle Stimulation Devices Market Analysis 2013-2017 and Forecast 2018-2028
5.1. Introduction
5.2. Historical Market Size (US$ Mn) Analysis By Country, 2013-2017
5.2.1. U.S.
5.2.2. Canada
5.3. Market Size (US$ Mn) Forecast By Country, 2018-2028
5.3.1. U.S.
5.3.2. Canada
5.4. Historical Market Size (US$ Mn) Analysis By Product Type , 2013-2017
5.4.1. Neuromuscular Electric Stimulation (NMES)
5.4.2. Transcutaneous Electric Nerve Stimulator (TENS)
5.4.3. Interferential (IF)
5.4.4. Burst Mode Alternating Current (BMAC)
5.5. Market Size (US$ Mn) Forecast By Product Type , 2018-2028
5.6. Historical Market Size (US$ Mn) Trend Analysis By Application, 2013-2017
5.6.1. Pain Management
5.6.2. Neurological and Movement Disorder Management
5.6.3. Musculoskeletal Disorder Management
5.7. Market Size (US$ Mn) Forecast By Application, 2018-2028
5.8. Historical Market Size (US$ Mn) Trend Analysis By End User, 2013-2017
5.8.1. Hospitals
5.8.2. Physiotherapy Clinics
5.8.3. Sports Clinics
5.8.4. Home Care
5.9. Market Size (US$ Mn) Forecast By End User, 2018-2028
5.10. Market Attractiveness Analysis
5.10.1. By Country
5.10.2. By Product Type
5.10.3. By Application
5.10.4. By End User
5.11. Key Market Participants - Intensity Mapping
5.12. Drivers and Restraints: Impact Analysis
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About Future Market Insights
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