Pulse Electromagnetic Field Therapy Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Pulse Electromagnetic Field Therapy Devices Market Analysis

The Pulse Electromagnetic Field Therapy Devices Market size is estimated at USD 266.64 million in 2024, and is expected to reach USD 405.11 million by 2029, at a CAGR of 8.73% during the forecast period (2024-2029).

Factors such as the increase in fracture cases due to accidents falls, and sports injuries, a rise 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 drive the market growth. For instance, according to an article published in Cureus in August 2022, injuries to the myofascial and skin in competitive sports are an important cause of hospitalization and care. The hospitalization rates often vary depending on the anatomical area involved and the sport practiced. For example, hamstring injuries represent about 39% of all sports injuries, and groin injuries represent about 10% to 43% of the athletes involved in ice hockey. Thus, the high prevalence of sports-related injuries worldwide is expected to boost the market's growth.

Moreover, the rising number of car accidents is 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 March 2023, over 23,000 people were injured in traffic accidents in Germany in January 2023. It has also been reported that this number increased by under 1,800, or 8%, compared with the same month a year earlier in January 2022. Similarly, according to the data published by the French Road Safety Observatory in June 2024, the number of injury accidents recorded by law enforcement in France was 3,398 in 2023. Thus, rising accidents and sports injuries are expected to boost market growth.

Also, the rising developments by key market players are expected to boost market growth. For instance, in January 2023, Orthofix Medical Inc., a leading pulse electromagnetic field therapy device manufacturer, announced its successful merger with SeaSpine Holdings Corporation. Moreover, in August 2022, PEMF Systems Inc. started a clinical study to measure the effectiveness of pulse electromagnetic fields (PEMF) as an adjunct wound care therapy. Thus, such developments are anticipated to contribute to the market growth.

Thus, the factors above, 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 need for more understanding of the mechanism is expected to impede market growth.

Pulse Electromagnetic Field Therapy Devices Market Trends

The Hospitals and Clinics Segment is Expected to Hold a Significant Market Share

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, end user, and geography. The market is segmented into high-frequency, mid-frequency, and low-frequency devices. By end user, the market is segmented into hospitals and clinics, home care settings, and other end users. By geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. For each segment, the market size is provided in terms of USD value.