Research Nester released a report titled “Electronic Muscle Stimulator Market: Global Demand Analysis & Opportunity Outlook 2030″ which delivers detailed overview of the global electronic muscle stimulator market in terms of market segmentation by product type, modality type, application type, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global electronic muscle stimulator market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2022-2030. Rising prevalence of cancer and arthritis is expected to be the major factor to drive market growth. As per the reports of the WHO, Europe has around one quarter of the total number of cancer cases globally, with some 3.7 million new patients every year. Increasing preference for muscle stimulators and growing incidences of anterior cruciate ligament (ACL) tear, hamstring, and hip flexor strain among sports players are also anticipated to drive market growth in the near future.
The market is segmented by product type, modality type, application type and end-user. On the basis of product type, the transcutaneous electrical nerve stimulation (TENS) segment is projected to hold the largest share in the market crediting to the growing number of sports injuries and increasing prevalence of arthritis. Furthermore, based on application, the pain management segment is evaluated to occupy the largest share to the rising geriatric population suffering from muscle pain and high occurrence of chronic pain disorders.
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Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market in the Asia Pacific is predicted to grow at the highest CAGR over the forecast period ascribing to the escalating awareness associated with health and fitness, and increasing adoption of pain management therapies in the region. Furthermore, the market in North America is evaluated to occupy the largest share during the forecast period, accounting to the early introduction of sophisticated muscle stimulators, and large government investments for the innovation and development of medical devices.
Increasing Cases of Muscle Disorders to Drive Market Growth
Poor body posture, lack of fitness activities, and unhealthy diet habits are common factors causing musculoskeletal disorders. As people are becoming more conscious about health and fitness, the demand for technologically advanced medical equipment is increasing. Further, the growing popularity of muscle stimulators among physiotherapists is predicted to boost the growth of the market in the forthcoming years.
However, high cost of muscle stimulator devices and time taking approval procedures are expected to restrain market growth in the near future.
This report also provides the existing competitive scenario of some of the key players of the global electronic muscle stimulator market which includes company profiling of NeuroMetrix, Inc., OMRON Corporation, BioMedical Life Systems, Inc., Zynex, Inc., EMS Physio Ltd., DJO Global, Inc., Beurer GmbH, Just Fitter, RS Medical Inc., and others. 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 global electronic muscle stimulator market 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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