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Global Muscle Stimulator Market Analysis : Latest Industry Trends, Trades, Supply, Demand, Prospects by 2030

03-01-2023 05:12 AM CET | Health & Medicine

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Muscle Stimulator Market

Muscle Stimulator Market

The global muscle stimulator market size was valued at $1,22,460.00 thousand in 2020, and is projected to reach $1,83,887.64 thousand by 2030, registering a CAGR of 4.08% from 2021 to 2030.

The muscle stimulator market refers to the market for devices that use electrical impulses to stimulate muscles and provide pain relief, improve muscle strength, and aid in rehabilitation after an injury or surgery. These devices are also known as neuromuscular electrical stimulation (NMES) or transcutaneous electrical nerve stimulation (TENS) machines.

The global muscle stimulator market is growing due to an increase in sports injuries, a rise in the geriatric population, and a growing demand for non-invasive and drug-free pain management solutions. The market is also being driven by technological advancements, such as wireless connectivity and portable devices.

Muscle stimulator devices can be used in various healthcare settings, including hospitals, rehabilitation centers, and home healthcare. They can be used for various applications, such as pain management, muscle strengthening, and rehabilitation. The market is segmented based on product type, application, end-user, and region.

The muscle stimulator market is expected to continue to grow in the coming years due to an increasing demand for non-invasive and drug-free pain management solutions, an aging population, and technological advancements.

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Drivers, restraints, and opportunities:

Rise in popularity of sports, surge in demand for fitness products, and increase in incidence of muscle disorder and diseases drive the growth of the global muscle stimulator market. However, lack of usage guidelines and safety concerns and availability of alternative therapies hinder the market growth. On the other hand, rise in technology integration creates new opportunities in the coming years.

Drivers, restraints, and opportunities:

Rise in popularity of sports, surge in demand for fitness products, and increase in incidence of muscle disorder and diseases drive the growth of the global muscle stimulator market. However, lack of usage guidelines and safety concerns and availability of alternative therapies hinder the market growth. On the other hand, rise in technology integration creates new opportunities in the coming years.

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Covid-19 Scenario:

Owing to postponement or cancellation of elective surgeries in hospitals and clinics, the demand for muscle stimulators decreased considerably. Neurometrix Inc. reported a decrease in net sales by nearly 20% in the fiscal year, 2019-2020.Many companies put their new investments and expansion plans on hold due to economic uncertainties that occurred due to the pandemic. However, the situation is expected to recover post-lockdown and roll-out of vaccination programs across several countries.

The neuromuscular electrical stimulation segment to maintain its leadership status during the forecast period

Based on product type, the neuromuscular electrical stimulation segment accounted for the highest share in 2020, contributing to more than half of the global muscle stimulator market, and is estimated to maintain its leadership status during the forecast period. This is due to surge in prevalence of arthritis and increasing sports injuries. However, the interferential segment is expected to witness the fastest CAGR of 18.1% from 2021 to 2030.

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The physical therapy and rehabilitation clinics segment expected to offer lucrative opportunities

Based on end user, the physical therapy and rehabilitation clinics segment contributed to the highest share in 2020, holding nearly two-fifths of the global muscle stimulator market, and is expected to maintain its lead position throughout the forecast period. Moreover, this segment is projected to manifest the largest CAGR of 4.3% from 2021 to 2030. This is due to preference of physiotherapists toward stimulators as compared to manual techniques. The research also analyzes the segments including hospitals, ambulatory surgery centers, and home care.

North America to continue its dominance in terms of revenue by 2030

Based on region, North America held the highest market share in 2020, accounting for more than two-fifths of the global muscle stimulator market, and is estimated to continue its dominance in terms of revenue by 2030. This is due to availability of advanced therapeutics, high level of awareness, and heavy expenditure by the government on healthcare. However, Asia-Pacific is expected to register the highest CAGR of 5.5% during the forecast period, owing to surge in awareness in the region and supportive government initiatives.

Leading market players

AxioBionics LLC

Beurer GmbH

BioMedical Life Systems, Inc.

Colfax Corporation (DJO Global Inc.)

EMS Physio Ltd.

Liberate Medical

OG Wellness Technologies Co., Ltd.

RS Medical

Zimmer

MedizinSysteme GmbH

Zynex Medical

"We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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