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Muscle Stimulator Market opportunities and challenges 2018 - 2028 : DJO Global, Inc., RS Medical, Inc., NeuroMetrix, Inc., and Zynex, Inc

10-23-2018 12:33 PM CET | Health & Medicine

Press release from: TMR Research

Muscle Stimulator Market opportunities and challenges 2018 -

Global Muscle Stimulator Market: Overview

Muscle stimulators are a variety of devices that work on the principle of using electrical impulses on muscles as a way of relieving chronic pain. Techniques such as transcutaneous electrical nerve stimulation, interferential stimulation, neuromuscular electric stimulation, and burst mode alternating current are commonly utilized in muscle stimulators. Muscle stimulators are also used for improving muscle strength, muscle control, blood circulation, and toning muscles.

A variety of muscle stimulators are available in the global market and new varieties continue to flow into the global market as companies plough increased resources into R&D practices to stay ahead of competition. As technologies advance, awareness regarding to health rises, understanding regarding sports medicine becomes more profound, and healthcare budgets expand, the market for muscle stimulators is also expected to expand.

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Global Muscle Stimulator Market: Trends and Opportunities

The key factors driving the global demand for a variety of muscle stimulators include the rising inclination of consumers towards fitness and sports activities and the high rate of adoption of these devices in home care settings and physiotherapy clinics. The market is also driven by rising spending power and increasing healthcare expenditure across the globe. The easy availability of many affordable muscle stimulators across the globe has also propelled the market, especially in cost-sensitive developing markets.

However, the market’s growth prospects are expected to be constrained to a certain extent owing to the lack of usage guidelines, availability of substitute products, and low awareness regarding the treatment of chronic pain. High costs of technologically advanced products could also emerge as a limiting factor for the market, especially in developing as well as less-developed economies. Moreover, stringent regulations pertaining the approval and marketing of a variety of muscle stimulators in developed economies across North America and Europe could also hinder the growth prospects of the market to a certain extent.

Global Muscle Stimulator Market: Market Potential

Muscle stimulators are commonly used for treating chronic pain in the back and legs. In the past few years, the number of people suffering from chronic pain has considerably increased. The attempts made by healthcare agencies in recognizing chronic pain as a major healthcare concern has led to an increased awareness among the global population about the need to adhere to effective courses of treatment for their chronic pain conditions. Muscle stimulators are also used by athletes for relieving pain triggered by intense practice sessions and strenuous tournaments. The rising numbers of participants in several sports activities worldwide could also propel the global muscle stimulation devices market.

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Global Muscle Stimulator Market: Regional Analysis

Regions such as North America and Europe, with the presence of several international medical device companies and a large patient pool suffering from chronic pain, have been the traditional leaders of the global muscle stimulators market. The market in these regions features a wide array of product types and several new varieties awaiting FDA clearance. The willingness of the population for spending on personal healthcare and high disposable incomes are some of the major factors leading to the vast demand for a variety of muscle stimulation devices in these regions.

However, rising disposable incomes in Asia Pacific and increased healthcare expenditures will develop vast development opportunities for the muscle stimulation devices market in the region in the near future.

Some of the most prominent vendors operating in the global muscle stimulators market are Omron Corp., DJO Global, Inc., RS Medical, Inc., NeuroMetrix, Inc., and Zynex, Inc.

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About TMR Research

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.

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