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Electrotherapy Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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  • 100 Pages
  • January 2022
  • Region: Global
  • Mordor Intelligence
  • ID: 5529341

The electrotherapy devices market studied was projected to grow with a CAGR of nearly 4.2% over the forecast period. The major factor attributing to the growth of the market is the increase in the prevalence of spine injuries and back pain. Furthermore, injuries due to sports are increasing, boosting the use of electrotherapy devices. According to Spinal Cord Injury Information Pages, as of 2019, 17,730 new spinal cord injury (SCI) cases occur each year and between 249,000 and 363,000 people are currently living with SCI in the United States. However, lack of awareness of the treatment constraints the market growth.

Key Market Trends

High Frequency Segment is Dominating the Electrotherapy Devices Market

With the application of high frequency electrotherapy the heating up of deep seated tissues is attained, which achieves elimination of harmful substances, pain relief, and muscle relaxation. High frequency electrotherapy is majorly used in and this maintains the dominant share of the segment in the market growth. Furthermore, the increasing prevalence of diseases like nervous disease, muscle injury, inflammation, pain, increasing injuries during sports etc, is boosting the market growth. According to the National Safety Council (NSC), in 2017 individual exercise, with or without exercise equipment, accounted for some 526,000 injuries in 2017, the highest of any category of sports and recreation. As per the statistics, the large number of injuries and other diseases which can be treated by electrotherapy is increasing and ultimately the segment growth.

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the overall market, throughout the forecast period. The market growth is due to the factors such as the presence of key players, high prevalence of muscle injury, pain in the region, established healthcare infrastructure are some of the key factors accountable for its large share in the market. Furthermore, beneficial government initiatives and increase in number of research partnerships are some of the drivers expected to increase the market growth. According to the Stanford Children's Health, in the United States, nearly 30 million children and teens participate in some form of organised sports, and more than 3.5 million injuries each year. As per the statistics the the increasing patient pool and increasing disposable revenue in this country boosts the market growth of the region.

Competitive Landscape

The electrotherapy devices market is moderately competitive and consists of several major players. Some of the companies which are currently dominating the market are Omron Healthcare, Eme srl, STYMCO Technologies, Zynex Medical, Johari Digital, DJO Global, Inc., ASTAR , GymnaUniphy, Enraf-Nonius B.V.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

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Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Spinal Injuries and Back Pain
4.2.2 Rising Sports Injuries
4.3 Market Restraints
4.3.1 Lack of Awareness of the Treatment
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1 By Product Type
5.1.1 High Frequency
5.1.2 Med Frequency
5.1.3 Low Frequency
5.2 By Application
5.2.1 Nervous Disease
5.2.2 Muscle Injury
5.2.3 Inflammation
5.2.4 Pain Relief
5.2.5 Others
5.3 Geography
5.3.1 North America United States Canada Mexico
5.3.2 Europe Germany United Kingdom France Italy Spain Rest of Europe
5.3.3 Asia-Pacific China Japan India Australia South Korea Rest of Asia-Pacific
5.3.4 Middle-East and Africa GCC South Africa Rest of Middle-East and Africa
5.3.5 South America Brazil Argentina Rest of South America
6.1 Company Profiles
6.1.1 Omron Healthcare
6.1.2 Eme srl
6.1.3 STYMCO Technologies
6.1.4 Zynex Medical
6.1.5 NeuroMetrix, Inc.
6.1.6 Johari Digital
6.1.7 DJO Global, Inc.
6.1.8 ASTAR
6.1.9 GymnaUniphy