Global Electrotherapy Systems Market Size Forecast 2024 - 2033
23 Dec, 2024
How Is The Global Electrotherapy Systems Market Defined?
Electrotherapy systems refer to medical devices that use electrical stimulation to reduce pain, promote healing, and improve muscular function. These devices provide controlled electrical impulses to specific parts of the body, providing therapeutic benefits for a variety of ailments.
Electrotherapy Systems Global Market Report 2024 provides data on the global electrotherapy systems market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The electrotherapy systems market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global Electrotherapy Systems Market Size Expected To Expand, And At What Annual Growth Rate?
The electrotherapy systems market has witnessed strong growth, with its size expected to rise from $4.55 billion in 2023 to $4.96 billion in 2024 at a CAGR of 9.0%. Historical drivers include rising cases of spinal injuries, growing health expenditures, and an aging population. The market is projected to reach $7.07 billion by 2028 at a CAGR of 9.3%, driven by advancements in pain management technologies, approvals of innovative devices, and rising adoption of non-invasive therapies. Trends include a focus on chronic pain solutions, awareness campaigns, and sports-related pain management technologies.
What Are The Key Drivers Fueling Growth In The Electrotherapy Systems Market?
The rising prevalence of spinal and sports injuries is expected to propel the growth of the electrotherapy systems market. Spinal and sports injuries, which are common due to high-impact activities, are treated using electrotherapy systems for pain relief and rehabilitation. The prevalence of these injuries is rising due to increased participation in competitive sports and inadequate injury prevention. Electrotherapy provides effective non-invasive treatment for muscle recovery and tissue healing. For example, a report from the New Zealand Spinal Trust in October 2022 noted a rise in sports-related spinal injuries, and the National Library of Medicine reported that spinal cord injuries affect between 250,000 and 500,000 people annually worldwide. The growing incidence of these injuries is driving the demand for electrotherapy systems.
Get Your Free Sample of the Global Electrotherapy Systems Market ReportWhat Are The Principal Market Segments In The Global Electrotherapy Systems Industry?
The electrotherapy systems market covered in this report is segmented –
1) By Technology: Transcutaneous Electrical Nerve Stimulation (TENS), Neuromuscular Electrical Stimulation (NMES), Inferential Current (IFC), Percutaneous Electrical Nerve Stimulation (PENS), Electronic Muscle Stimulator (EMS), Spinal Cord Stimulation (SCS), Electro-Acupuncture (EA), Other Technologies
2) By Application: Chronic Wound Healing, Neuromuscular Dysfunction, Pain Management, Tissue Repair, Musculoskeletal Disorder, Physical Therapy, Iontophoresis, Other Applications
3) By End-User: Clinics, Hospitals, Long-term Care Centers, Rehabilitation Centers, Other End-Users
Which Emerging Market Trends Are Altering The Electrotherapy Systems Sector?
In the electrotherapy systems industry, major players are focusing on innovative next-generation electrotherapy technologies to stay competitive and meet consumer needs. Next-gen electrotherapy aims to provide targeted electrical stimulation for medical uses such as pain management, rehabilitation, and neurological disorders, offering greater precision, effectiveness, and patient comfort. For example, in April 2023, Enovis launched Intelect Legend 2 and Intelect Transport 2, state-of-the-art electrotherapy systems designed to increase muscular contractions, reduce patient discomfort, and minimize neural fatigue. These systems also feature an intuitive interface that simplifies treatment settings by allowing therapists to select indications rather than focusing on technical waveforms.
What Is The Leading Region In The Electrotherapy Systems Market?
North America was the largest region in the electrotherapy systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electrotherapy systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.