Electrotherapy Market Size
| 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 |
Electrotherapy 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.
Electrotherapy Market Trends
This section covers the major market trends shaping the Electrotherapy Devices Market according to our research experts:
Nervous Disease Segment is Expected to Hold a Significant Market Share Over the Forecast Period
Neurological disorders are conditions that affect the spinal cord, brain, and body's nerves. The demand for nerve stimulation is increasing with the increasing number of cases of neurological diseases, especially in the use of electrotherapy devices. Hence, it is expected to fuel the segment's growth over the analysis period.
An increase in the number of patients suffering from central nervous system (CNS) disorders is likely to be the key factor contributing to the growth of the segment in the studied market. As per Alzheimer's Disease Facts and Figures 2022, published by the Alzheimer's Association in April 2022, Alzheimer's is more prevalent among people above 65 years of age. Additionally, the WHO data also reported that the number would reach 82 million by 2030. This increasing burden of nervous system disorders is anticipated to drive the demand for electrotherapy. Thereby driving the segment's growth globally.
Moreover, neurologic spinal cord injury impacts almost all physiologic systems, and patients may have a wide range of symptoms that have a significant impact on their function and quality of life. According to the article published in the National Library of Medicine in January 2022, muscle contraction is induced by electrical stimulation and can be used for neurorehabilitation after spinal cord injury (SCI). Additionally, as per the source above, the electrotherapy technique is currently a significant treatment strategy that helps individuals with SCIs regain their motor function. Thus, with an increasing incidence of SCIs and nervous disease globally, the demand for electrotherapy is increasing. This is further expected to drive segment growth.
Therefore, owing to the increasing burden of nervous diseases, the segment is expected to witness growth over the forecast period.
North America is Expected to Hold a Significant Market Share Over the Forecast Period
North America is one of the major contributors to the studied market, owing to the rise in sports injuries and increasing clinical trials in the region. The incidence of sport-related injuries, such as ligament sprains, muscle sprains, supraspinatus tendinitis, and others, is increasing among the population. This is anticipated to fuel the demand for electrotherapy products, boosting the market growth. For instance, according to the National Safety Council (NSC), in 2021, exercise equipment accounted for about 409,224 injuries in the United States, the most in any category of sports and recreation. Next, to exercise equipment injuries, the injuries caused by bicycles and accessories accounted for 375,797 in 2021. Furthermore, as per the Sports Accident Statistics report updated by LegalMatch in August 2022, injuries to the anterior cruciate ligament (ACL) occur roughly 150,000 every year in the United States.
According to the article published in the Acta Médica Journal stated, in a study conducted in Hospital Ángeles Mocel, Mexico, in 2021, the sport with the highest incidence of surgical sports injuries is soccer, with 39% for both genders. Meniscal injuries and anterior cruciate ligament (ACL) injuries are the most frequent diagnoses. Hence, the high burden of sports injury in the region is anticipated to drive the demand for electrotherapy procedures.
Furthermore, clinical trials in the region are another factor in market growth. For instance, in January 2022, a clinical trial was initiated by Institut Cancerologie de l'Ouest to evaluate the effectiveness of TENS and TENS ECOMODYN on the management of chronic breast pain after surgery. The study is expected to be completed by 2024. Such clinical trials are expected to provide innovative products in the market for breast pain post surgeries. Thus, such clinical trials are expected to increase market growth in the region.
Therefore, owing to these factors above, such as sports injuries, and clinical trials, North America is believed to hold a significant share of the market studied over the forecast period.
Electrotherapy Industry Overview
The electrotherapy devices market is moderately competitive and consists of a few major players. The major market players are focusing on technological advancements. Some companies currently dominating the market are Omron Healthcare, Eme srl, STYMCO Technologies, Zynex Medical, Johari Digital, DJO Global, Inc., Astar, GymnaUniphy, Enraf-Nonius B.V., and Medtronic, among others.
Electrotherapy Market Leaders
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Omron Healthcare
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Eme srl
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Zynex Medical
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NeuroMetrix, Inc.
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BTL Corporate
*Disclaimer: Major Players sorted in no particular order
Electrotherapy Market News
- March 2022: The OMRON is conducting studies for valuated for its favorable effectiveness in lowering pain for people with mild to moderate knee "wear and tear" with its Focus TENS (Transcutaneous Electrical Nerve Stimulation) Therapy for Knee (PM-710) device.
- January 2022: TensCare, one of the global manufacturers and distributors of TENS machines, showcased its latest products in pain relief and electro-therapy at the Arab Health 2022 event. The Mynd migraine relief device is one of the newest addition to the company's pain relief range and is a wearable TENS (Transcutaneous Electrical Nerve Stimulation) device to treat and prevent migraines.
Electrotherapy 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 Increasing Spinal Injuries and Back Pain
4.2.2 Rising Sports Injuries
4.3 Market Restraints
4.3.1 Lack of Awareness of the Treatment
4.4 Porter Five Forces
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 Product Type
5.1.1 High Frequency
5.1.2 Med Frequency
5.1.3 Low Frequency
5.2 By Application
5.2.1 Nervous Disease
5.2.2 Muscle Injury
5.2.3 Inflammation
5.2.4 Pain Relief
5.2.5 Others
5.3 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 Kingdom
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 AliMed
6.1.2 Astar
6.1.3 BTL Corporate
6.1.4 DJO Global, Inc.
6.1.5 Dynatronics Corporation
6.1.6 Eme srl
6.1.7 GymnaUniphy
6.1.8 HMS Medical system
6.1.9 Medtronic PLC
6.1.10 NeuroMetrix, Inc.
6.1.11 Omron Healthcare
6.1.12 Zynex Medical
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Electrotherapy Industry Segmentation
As per the scope of the report, electrotherapy uses electric impulses and offers a range of treatments to reduce pain by relaxing muscles, improving blood circulation, repairing tissues, and promoting bone growth. The Electrotherapy Devices Market is segmented by Product Type (High Frequency, Med Frequency, and Low Frequency), Application (Nervous Disease, Muscle Injury, Inflammation, Pain Relief, and Others), 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 different countries across major regions globally. The report offers the value (in USD million) for the above segments.
| By Product Type | |
| High Frequency | |
| Med Frequency | |
| Low Frequency |
| By Application | |
| Nervous Disease | |
| Muscle Injury | |
| Inflammation | |
| Pain Relief | |
| Others |
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Electrotherapy Market Research FAQs
What is the current Global Electrotherapy Devices Market size?
The Global Electrotherapy Devices Market is projected to register a CAGR of 4.20% during the forecast period (2024-2029)
Who are the key players in Global Electrotherapy Devices Market?
Omron Healthcare, Eme srl, Zynex Medical, NeuroMetrix, Inc. and BTL Corporate are the major companies operating in the Global Electrotherapy Devices Market.
Which is the fastest growing region in Global Electrotherapy 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 Global Electrotherapy Devices Market?
In 2024, the North America accounts for the largest market share in Global Electrotherapy Devices Market.
What years does this Global Electrotherapy Devices Market cover?
The report covers the Global Electrotherapy Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Electrotherapy Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Electrotherapy Equipment Industry Report
Statistics for the 2024 Electrotherapy Equipment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Electrotherapy Equipment analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
