Pulse Electromagnetic Field Therapy Devices Market Size

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.