According to a recently published report by Research Nester on “Electrotherapy System Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of electrotherapy Systemmarket in terms of market segmentation by product, by applications, by end-users and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The market is segmented by product into transcutaneous spinal electroanalgesia, transcutaneous electrical nerve stimulation, interferential current therapy, spinal cord stimulation, electro acupuncture, pulsed short wave diathermy, micro current therapy, percutaneous electrical nerve stimulation and others, by applications into neuromuscular dysfunction, pain management, tissue repair, sports injury treatment, acute and chronic edema, urine and fecal incontinence and iontophoresis, by end-users into hospitals, long-term care centers, rehabilitation centers, clinics and by region. The robotic automation process market is anticipated to record a CAGR of around 5.36% over the forecast period i.e. 2019-2027.
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Dynamic development of biomedical engineering results in new technical solutions applied in creating new medical devices. The devices that are currently used in physical therapy treatments support often replace pharmacological treatment methods. In addition, due to their rare adverse effects, physical methods shorten treatment period, improve quality of life and reduces therapy costs. The physical treatment that is used in back pain syndromes frequently is electrical therapy.
On the basis of regional analysis, the electrotherapy system market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America market is anticipated to capture the largest market share in the electrotherapy system market owing to increasing adoption of electrotherapy system in sports injuries. With the growing demand for chronic diseases treatment, market of Asia Pacific is expected to observe significant demand by 2027.
Rise in Spinal Injuries & Adoption of Pain Programs
Rise in spinal injuries are resulting in a rising demand for efficient resources for treatment & pain management. Electrotherapy treatment helps in managing pain by passing mild amount of current with the help of electrode. Increasing use of innovative technologies in various medical fields have resulted in pain relieving strategies in small period of time. Rising demand for advanced medical equipments with latest technologies is expected to propel the growth of electrotherapy system market around the world.
However, limited awareness about latest innovations is anticipated to be a key restraint for the growth ofelectrotherapy system market during forecast period. Additionally, limitations related to reimbursement policies are also expected to limit the demand for electrotherapy systems over the forecast period.
This report also provides the existing competitive scenario of some of the key players of Medtronic Plc, Boston Scientific Corporation, Zynex Inc, Nevro Corporation, DJO Global Inc, Cyberonics Inc, St Judge Medical, BTL Industries Inc, Uroplasty Inc, EMS Physio Ltd and other prominent players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.
On the whole, the report depicts detailed overview of the electrotherapy system that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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