Market Size of Global Electrotherapy Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Electrotherapy Devices Market Analysis
The electrotherapy devices market is expected to register a CAGR of more than 4.2% during the forecast period.
The studied market was adversely impacted by the COVID-19 pandemic. The research article published in Practical Pain Management in January 2022 stated that patients who dealt with mental health issues during the pandemic faced worsening pain symptoms. The researchers of the above-mentioned study suggested cranial electrotherapy stimulation helps in such issues leading to the adoption of electrotherapy during the pandemic. Therefore, the COVID-19 pandemic has significantly impacted the studied market. However, as the pandemic has subsided as the adoption of such therapy and devices has increased during the pandemic, the market is expected to have stable growth.
Factors such as increasing spinal injuries, back pain, and sports injuries are primary drivers of the studied market. Electrotherapy is used to treat neurological, muscular, or muscle-nerve diseases that cause pain. Electrotherapy can be beneficial in people who experience severe sensitivity, numbness, or weakness in back muscles. According to the data published by the National Safety Council of the United States in 2021, it is estimated that around 3.2 million people were treated in emergency departments for injuries involving sports and recreational equipment in the United States in 2021. The most common activities that were frequently associated with injuries were exercise, cycling, and basketball. The injury rate for exercise was 123.8 per 100,000 population in the United States in 2021, for bicycles and accessories, it was 113.7, for basketball, it was 78.6, for skateboards, scooters, and hoverboards, it was 74.2, and for football, it was 67.2.
Moreover, according to an article published in the National Library of Medicine in April 2022, a study was conducted in China in 2021 which showed that 31.3% of high school students, 23.8% of middle school students, and 19.2% of primary school students had sustained injuries while participating in campus football activities. Thus, the high prevalence of sports-related injuries around the world is expected to boost the growth of the market.
Additionally, approval from the regulatory authorities is also propelling the market's growth. For instance, in May 2021, ITO CO., LTD., one of the pioneers of electrophysical agents in Japan, received 510(k) clearance from the United States Food and Drug Administration for its Electrical Muscle Stimulator named TMJ Pain Relief "D function" for dental use.
Therefore, due to the factors mentioned above, such as increasing spinal injuries, back pain, and sports injuries, the studied market is anticipated to witness growth during the forecast period. However, the lack of awareness of the treatment is predicted to hinder market growth.
