Pulse Electromagnetic Field Therapy Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 7.80 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
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?
Pulse Electromagnetic Field Therapy Devices Market Analysis
The pulse electromagnetic field therapy devices market is projected to register a CAGR of 7.8% during the forecast period.
The impact of COVID-19 in its initial phase was adverse due to the reduction in the number of elective procedures. As pulse electromagnetic field therapy (PEMF) devices are majorly used for the recovery process after surgery, the reduction in the number of surgeries during the pandemic significantly impacted the market growth. However, as the pandemic progressed PEMF therapy started to show positive effects in the treatment of COVID-19 patients, which enhanced the market growth. For instance, according to an article published by PubMed Central in January 2022, a case study was conducted which showed that PEMF therapy had promising results upon application in a patient suffering from post-COVID-19 fatigue. Thus, the COVID-19 pandemic significantly impacted the market initially, however as the pandemic has currently subsided, the studied market is expected to have normal growth during the forecast period of the study.
Factors such as the increase in cases of fractures due to accidents, fall, and sports injuries, an increase in demand for pain relief devices for body pain indications, and technological advancements in the products are significantly enhancing the market growth.
The rising number of accidents, falls, and sports injuries is one of the major factors driving the market growth. For instance, according to an article published by PubMed Central 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 have 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.
Moreover, the rising number of car accidents is also associated with traumatic fractures which are expected to enhance the usage of PEMF therapy devices. For instance, according to the data published by Destatis in January 2023, it is estimated that over 29,000 people were injured in traffic accidents in Germany in November 2022. It has also been reported that this number increased by just under 2,400, or 9%, compared with the same month a year earlier which is November 2021. Similarly, according to the data published by the French Road Safety Observatory in April 2022, the number of injury accidents recorded by law enforcement in France was 4,352 in March 2022, which is comparatively higher than 3,878 road accident injuries in March 2021. Thus, the rising number of accidents and sports injuries is expected to boost market growth.
Furthermore, the rising developments by key market players are also expected to boost the market growth. For instance, in September 2021, BEMER launched a new home-edition pulsed electromagnetic field (PEMF) therapy product to improve blood flow, relaxation, and sleep at home using its full body applicator, the B.BODY.
Thus, the aforementioned factors such as the rising accident and sports injuries, and the increasing developments by key market players are expected to enhance the market growth. However, the lack of understanding of the mechanism is expected to impede market growth.
Pulse Electromagnetic Field Therapy Devices Market Trends
Hospitals and Clinics Segment is Expected to Hold a Significant Market Share
Pulse electromagnetic field therapy devices are mainly used in hospitals and clinics for patient recovery. The rising incidences of fractures due to accidents, sports injuries, fall from a certain height, and indications such as knee pain, joint pain, and arthritis are factors that drive the segment's growth.
For instance, as per the Sports Accident Statistics report updated by LegalMatch in August 2022, injuries to the anterior cruciate ligament (ACL) occur roughly 150,000 times every year in the United States. In addition, female basketball and soccer players had an ACL injury 2 to 8 times more frequently than other athletes. This prevalence of a high number of sports-related injuries in the region is expected to boost the demand for soft PEMF devices in hospitals and clinics.
According to an article published by Public Library of Sciences One in June 2022, the five most dangerous sports that caused the highest number of injuries in 2021 were basketball with 2,823 injury cases, American football with 1,719, soccer with 1,289, baseball with 347, and boxing with 247 injury cases. As per the same source, sprains and strains were the most frequent injuries for the three most dangerous sports in the United States, accounting for 37% of all basketball injuries, compared to 29% for soccer and 26% for American football. Thus, the high number of sports injuries is expected to boost the adoption of PEMF therapy devices in hospitals and clinics.
Thus, the rising prevalence of accidents and sports injuries is expected to boost the segment's growth during the forecast period.
North America is Expected to Hold a Significant Share of the Market Over the Forecast Period
The rising number of patients experiencing osteoporosis and osteoarthritis is projected to boost the demand for pulse electromagnetic field therapy devices in the region. Besides, the rising sports injuries in the region and the increasing presence of key market players are also expected to boost the market's growth in North America.
For instance, according to an article published by OTA International in June 2022, around 53 million Americans either carry a diagnosis of osteoporosis or are at risk for fracture due to decreased bone mass. Thus, the high prevalence of osteoporosis is expected to boost the usage of PEMF therapy devices.
The region's high prevalence of collisions and sports injuries is also expected to boost the market's growth. For instance, according to the data published by the National Safety Council of the United States in 2021, around 3.2 million people were treated in emergency departments for injuries involving sports and recreational equipment in the United States. The most common activities 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, 113.7 for bicycles and accessories, 78.6 for basketball, 74.2 for skateboards, scooters, and hoverboards, and 67.2 for football.
Similarly, according to an article published by SpringerLink in September 2022, a study was conducted in Canada, which showed a high rate of injuries among collision sport participants in Canadian high schools. The rates of injuries ranged from 12.7 injuries per 100 participants every year in rugby to 33.1 injuries per 100 participants every year in ice hockey. The prevalence rate for injuries to the head was 33.3%, 16.0% for the wrist or hand, 12.8% for the shoulder, and 12.0% for the knee. Thus, the region's high prevalence of collisions and sports injuries is expected to boost the adoption of PEMF therapy devices.
The increasing developments by key players are also enhancing the market's growth. For instance, in July 2021, Orthofix Medical Inc., a US company, announced the publication of retrospective data evaluating fusion rates in patients receiving three- and four-level lumbar arthrodesis surgery treated adjunctively with the SpinalStim bone growth PEMF therapy device.
Thus, factors such as the rising prevalence of osteoporosis, the increasing collisions and sports injuries, and the key developments by market players are expected to boost the market's growth in North America.
Pulse Electromagnetic Field Therapy Devices Industry Overview
The pulse electromagnetic field therapy devices market is fragmented and consists of several major players. A few of the major players are currently dominating the market in terms of share. Some of the companies currently operating in the market are Bemer LLC, Orthofix Medical Inc., I-Tech Medical Division, Oska Pulse, Medithera, NUAGE HEALTH DEVICES PVT. LTD, Oxford Medical Instruments Health Store, EarthPulse, Swiss Bionic Solutions, and Magnus Magnetica LLC.
Pulse Electromagnetic Field Therapy Devices Market Leaders
Bemer, LLC
Orthofix Medical Inc.
I-Tech Medical Division
Oska Pulse
Medithera
*Disclaimer: Major Players sorted in no particular order
Pulse Electromagnetic Field Therapy Devices Market News
- In January 2023, Orthofix Medical Inc., a leading manufacturer of pulse electromagnetic field therapy devices, announced the successful completion of its previously announced merger with SeaSpine Holdings Corporation.
- In August 2022, PEMF Systems Inc. started a clinical trial to measure the effectiveness of pulsed electromagnetic fields (PEMF) as an adjunct wound care therapy.
Pulse Electromagnetic Field Therapy Devices Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increase in Cases of Fractures Due to Accidents, Fall, and Sports Injuries
4.2.2 Increase in Demand for Pain Relief Devices for Body Pain Indications
4.2.3 Technological Advancements in the Products
4.3 Market Restraints
4.3.1 Lack of Understanding of the Mechanism
4.4 Porter's Five Forces 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. MARKET SEGMENTATION (Market Size by Value - USD million)
5.1 By Device
5.1.1 High-frequency Devices
5.1.2 Mid-frequency Devices
5.1.3 Low-frequency Devices
5.2 By End User
5.2.1 Hospitals and Clinics
5.2.2 Homecare Settings
5.2.3 Other End Users
5.3 By Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Skingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Bemer LLC
6.1.2 Orthofix Medical Inc.
6.1.3 I-Tech Medical Division
6.1.4 Oska Pulse
6.1.5 Medithera
6.1.6 NUAGE HEALTH DEVICES PVT. LTD
6.1.7 Oxford Medical Instruments Health Store
6.1.8 EarthPulse
6.1.9 Swiss Bionic Solutions
6.1.10 Magnus Magnetica LLC
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Pulse Electromagnetic Field Therapy Devices Industry Segmentation
As per the scope of the report, pulse electromagnetic field therapy (PEMF therapy or PEMFT) is a safe and non-invasive way to minimize inflammation and pain. It uses electromagnetic fields to heal non-union fractures and depressions. The devices comprise various flat spiral cords that generate an even electromagnetic field and a frequency generator to energize the coils that result in a pulse electromagnetic field. It enhances the overall health and wellness of patients.
The pulse electromagnetic field therapy devices market is segmented by device (high-frequency devices, mid-frequency devices, low-frequency devices), end user (hospitals and clinics, homecare settings, and other end users), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major global regions. The report provides the market sizes and forecasts in terms of value in USD million.
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| High-frequency Devices | |
| Mid-frequency Devices | |
| Low-frequency Devices |
| By End User | |
| Hospitals and Clinics | |
| Homecare Settings | |
| Other End Users |
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Pulse Electromagnetic Field Therapy Devices Market Research FAQs
What is the current Pulse Electromagnetic Field Therapy Devices Market size?
The Pulse Electromagnetic Field Therapy Devices Market is projected to register a CAGR of 7.80% during the forecast period (2024-2029)
Who are the key players in Pulse Electromagnetic Field Therapy Devices Market?
Bemer, LLC, Orthofix Medical Inc., I-Tech Medical Division, Oska Pulse and Medithera are the major companies operating in the Pulse Electromagnetic Field Therapy Devices Market.
Which is the fastest growing region in Pulse Electromagnetic Field Therapy Devices Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Pulse Electromagnetic Field Therapy Devices Market?
In 2024, the North America accounts for the largest market share in Pulse Electromagnetic Field Therapy Devices Market.
What years does this Pulse Electromagnetic Field Therapy Devices Market cover?
The report covers the Pulse Electromagnetic Field Therapy Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Pulse Electromagnetic Field Therapy Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Pulse Electromagnetic Field Therapy Devices Industry Report
Statistics for the 2024 Pulse Electromagnetic Field Therapy Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Pulse Electromagnetic Field Therapy Devices analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
