Electrotherapy Market with Manufacturers, Application, Regions and SWOT Analysis Till 2028 |Medtronic plc, AliMed Inc., Zynex Medical, Boston Scientific Corporation.

Global Electrotherapy Market Valued USD 956 million in 2018, to expand at a CAGR of 4.5% over the forecast period

The main factors for the growth of the global electrotherapy market are cumulative incidences of diabetes, a rise in obesity rate, and technological advancements in electrotherapy systems. Moreover, the growth in the number of sports injuries is the main factor for the growth in the demand for the product in the global market. Growing prevalence of chronic conditions such as diabetes and obesity are some factors anticipated to fuel the growth of global electrotherapy system market within the forecast period. Increasing usage of electrotherapy for the treatment of inflammatory conditions associated with orthopedics, bronchitis, certain conditions associated with psoriasis are likely to propel the growth of the market.

However, the lack of awareness about the usage of electrotherapy systems in developing countries such as China, Mexico, and India are expected to widely hinder the growth of the market.
The report provides information on the current scenario, detailed outlook on the global Regenerative Medicine market with a thorough analysis of different segments which comprises of by Application (Neuromuscular Dysfunction, Urine and Fecal Incontinence, Sports Injury Treatment, Tissue Repair, Pain Management, Iontophoresis, Acute & Chronic Edema, and Others), By Treatment Type (Transcutaneous Spinal Electro analgesia (TSE), Micro-current Therapy, Interferential Current Therapy (IC), Transcutaneous Electrical Nerve Stimulation (TENS), Percutaneous Electrical Nerve Stimulation (PENS), Pulsed Short Wave Diathermy (PSWD), Spinal Cord Stimulation (SCS), Electro-Acupuncture (EA), and Others), By End User (Long-term Care Centers, Rehabilitation Centers, Hospitals, Clinics, and Others).

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Recent trends of collaborations of local and global companies and the growing support of government and healthcare agencies are expected to have a synergistic effect on market growth. Such collaboration and exchange of technologies help in speeding up the development and boost the market competition.
• In November 2016, EMS PHYSIO launched Electrophysiocal Forum, which was supported by a broad sphere of clinicians, an internationally renowned expert panel, educators, students, and researchers.
• In March 2019, a major manufacturer Innovative Neurological Devices announced that it had received the FDA market clearance for the Cervella Cranial Electrotherapy Stimulator.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT Analysis:

1. Medtronic plc
2. AliMed Inc.
3. St. Jude Medical Inc.
4. Cogentix Medical Inc.
5. Zynex Medical
6. NeuroMetrix Inc.
7. DJO Global Inc.
8. Cyberonics Inc.
9. Nevro Corp
10. Boston Scientific Corporation.

Regional Analysis

North America dominates the global electrotherapy market with the US accounted for a major market share in the base year. Additionally, the improved healthcare infrastructure along with the presence of major manufacturing companies involved in the electrotherapy market is the main driving factor in the region. In addition, increasing the usage of electrotherapy systems in sports injury treatment is also playing an essential role in the growth of the North American electrotherapy market.

In Asia-Pacific, it is predicted to grow at the highest CAGR during the forecast period owing to the increasing adoption of electrotherapy systems by athletes and the growing geriatric population coupled with rising incidences of diabetes. The growth in investment from the global leading companies in the domestic market is to enhance the consumption in the region. Furthermore, emerging countries such as China, India, and South Korea provide ample growth opportunities in the local market to electrotherapy manufacturers.

An Overview of the report

1. The report offers insights on the global overview of the Electrotherapy market
2. The recent market developments are scrutinized to project latest trends along with growth rate projections
3. Deeper understanding of the competitive landscape of the major companies operating in the market
4. New Opportunities and challenges for the global Electrotherapy market
5. Study of innovation and technological advancements in the industry

Analysts have undertaken research based on an in-depth understanding of the market with qualitative and quantitative data. The market has been segmented into various segments such as product and room type along with regional analysis. The segments and sub-segments offer insights on current and potential growth trajectories.

Market Segmentation:
Based on the Treatment Type
• Micro-current Therapy
• Transcutaneous Spinal Electro analgesia (TSE)
• Interferential Current Therapy (IC)
• Pulsed Short Wave Diathermy (PSWD)
• Transcutaneous Electrical Nerve Stimulation (TENS)
• Spinal Cord Stimulation (SCS)
• Electro-Acupuncture (EA)
• Percutaneous Electrical Nerve Stimulation (PENS)
• Others

Based on the Application
• Urine and Fecal Incontinence
• Neuromuscular Dysfunction
• Sports Injury Treatment
• Pain Management
• Tissue Repair
• Iontophoresis
• Acute and Chronic Edema
• Others

Based on the End User
• Rehabilitation Centers
• Long-term Care Centers
• Clinics
• Hospitals
• Others

By Region:
• North America
o By Country (US, Canada, Mexico)
o By Treatment Type
o By Application
o By End User

• Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Treatment Type
o By Application
o By End User

• Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Treatment Type
o By Application
o By End User

• Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Treatment Type
o By Application
o By End User

• Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Treatment Type
o By Application
o By End User

• Rest of the World
o By Region (South America, Africa)
o By Treatment Type
o By Application
o By End User

Customization:
We provide customization of the study to meet specific requirements:
• By Segment
• By Sub-segment
• By Region/Country

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This release was published on openPR.