Electrotherapy Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Electrotherapy Devices Market is segmented by Product Type (High Frequency, Med Frequency, Low Frequency) by Application, and by Geography.

Electrotherapy Devices Market Snapshot

Electrotherapy Devices Market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.2 %

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Market Overview

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.

Scope of the Report

As per the scope of the report electrotherapy uses electric impulses and offers a range of treatment to reduce pain by relaxing muscles, improving blood circulation, repairing tissues, and promoting bone growth. This report is segmented by Product Type, Application and by Geography.

By Product Type
High Frequency
Med Frequency
Low Frequency
By Application
Nervous Disease
Muscle Injury
Inflammation
Pain Relief
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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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.

Electrotherapy Devices Market

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.

Electrotherapy Devices Market

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.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Spinal Injuries and Back Pain

      2. 4.2.2 Rising Sports Injuries

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Awareness of the Treatment

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 High Frequency

      2. 5.1.2 Med Frequency

      3. 5.1.3 Low Frequency

    2. 5.2 By Application

      1. 5.2.1 Nervous Disease

      2. 5.2.2 Muscle Injury

      3. 5.2.3 Inflammation

      4. 5.2.4 Pain Relief

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Omron Healthcare

      2. 6.1.2 Eme srl

      3. 6.1.3 STYMCO Technologies

      4. 6.1.4 Zynex Medical

      5. 6.1.5 NeuroMetrix, Inc.

      6. 6.1.6 Johari Digital

      7. 6.1.7 DJO Global, Inc.

      8. 6.1.8 ASTAR

      9. 6.1.9 GymnaUniphy

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Electrotherapy Devices Market market is studied from 2018 - 2026.

The Electrotherapy Devices Market is growing at a CAGR of 4.2% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Omron Healthcare, Eme srl, STYMCO Technologies, Zynex Medical, NeuroMetrix, Inc. are the major companies operating in Electrotherapy Devices Market.

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