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Robust Growth of Muscle Stimulation Devices Market Share, Size Report, Scope, Revenue, and Growth Rate Forecasted to 2031 | DJO Global Inc., Zynex Inc., Neurometrix Inc., R.S. Medical Inc

05-27-2024 10:02 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Muscle Stimulation Devices Market

Muscle Stimulation Devices Market

Market Overview:

Muscle stimulation devices are electrically powered medical devices used to stimulate specific muscles in the body. They can help relieve pain, improve blood circulation, prevent muscle atrophy, and enhance muscle development.

Market Dynamics:

Rising geriatric population is one of the major drivers propelling the growth of the muscle stimulation devices market. As per the United Nations report, the geriatric population aged 60 years and above is expected to reach 2.1 billion by 2050 from 1.4 billion in 2020. Older adults are more susceptible to experience muscle weakness, injury, and other muscle-related ailments.

Moreover, growing incidence of musculoskeletal disorders is also boosting the market growth. As per the Arthritis Foundation, arthritis affects over 54 million adults and 300,000 children in the U.S. Constant use can provide relief for conditions like arthritis and injury rehabilitation.

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Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, a detailed analysis of the competitive landscape, and product services of key players. Analysis of Muscle Stimulation Devices companies, key tactics followed by Leading Key Players:

◘ Baptist Health
◘ DJO Global Inc.
◘ Zynex Inc.
◘ Neurometrix Inc.
◘ R.S. Medical Inc.,Omron Corporation Medtronic plc.
◘ Abbott.
◘ Boston Scientific Corporation.
◘ BTL Corporate.
◘ Nevro Corp.
◘ Cogentix Medical and BioMedical Life Systems.

Segment Details Analysis

By Product Type: Transcutaneous Electrical Nerve Stimulation (TENS), Interferential Current Electrical Stimulation (IFC), Burst Mode Alternating Current (BMAC), Neuromuscular Electrical Stimulation (NMES) Home Care
By Application: Pain Management, Neurological and Movement Disorder Management, Musculoskeletal Disorder Management
By End user: Hospitals, Physiotherapy Clinics, Sports Clinics, Home Care

Increases in Ageing Population is Driving Demand for Muscle Stimulation Devices

The global population is ageing at an unprecedented rate. The number of people aged 65 years and older is projected to grow from an estimated 524 million in 2010 to nearly 1.5 billion in 2050 according to the United Nations. As people grow older, they become more susceptible to musculoskeletal conditions like arthritis, osteoporosis, joint pain and muscle weakness. Muscle stimulation devices help in relieving pain, preventing muscle atrophy and improving mobility for older adults. This rising geriatric population prone to muscle and joint issues has been a key driver of growth for the muscle stimulation devices market.

Growth in Sports and Fitness Industries has Increased Need for Muscle Stimulation

Participation in sports and involvement in fitness activities has grown significantly over the past decade. Both professional and recreational athletes are increasingly using muscle stimulation devices for muscle recovery, injury prevention and improving performance. Sports therapists and personal trainers also employ these devices in treatments and exercise programs. With greater focus on health, wellness and an active lifestyle, demand has increased for muscle stimulators that help accelerate muscle building, toning and strengthening. Various muscle stimulator types like EMS, NMES and TENS are regularly used post workout for faster muscle recovery so athletes can train more intensively.

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Reimbursement Cuts Could Restrain Market Potential

Healthcare costs are rising globally and governments are looking at various measures to control expenditures. One area that has seen significant changes is medical device reimbursements by insurance providers and regulatory authorities. There have been cuts to reimbursement rates for certain therapies and treatments involving muscle stimulation devices in some countries. Strict pricing control and restrictions on indications for reimbursement can adversely impact sales volumes. Patients may hesitate to invest in expensive muscular devices if a large part of the cost has to be paid out-of-pocket due to reimbursement issues. This remains a key challenge for sustained growth of the muscle stimulators market.

Telehealth Expansion Presents Lucrative Opportunities

The coronavirus pandemic has accelerated the adoption of telehealth and remote patient monitoring solutions. Medical device manufacturers are leveraging digital technologies to develop new tools that enable virtual physical therapy and at-home treatment routines using muscle stimulation devices. Telehealth expands the reach of therapists and makes treatment more accessible for patients in remote locations. it also allows for continuous monitoring of therapy effectiveness. Many start-ups are innovating Bluetooth and WiFi enabled stimulators that can be controlled through mobile apps. The rapid growth of telemedicine and digital healthcare presents huge opportunities for smart connected muscle stimulators catering to teletherapy needs.

Shift Towards Non-Invasive and Wearable Devices is Reshaping Market Dynamics

Over the past decade, significant technological advancements have been made in wearable medical devices with improved miniaturization, functionality and user-friendliness. The muscle stimulation market is transitioning steadily towards non-invasive devices that can be easily used at home or on-the-go rather than bulky clinic-based stimulators. Patches, garments and wrist/ankle wearables embedded with EMS or TENS functions are gaining popularity for convenience and increased compliance to prescribed therapy routines. Major players are beefing up their portfolios in minimally invasive muscle stimulators compatible with digital healthcare solutions. This shift towards user-centric non-invasive devices is a defining trend in the industry with profound impact on competitive dynamics and market expansion opportunities going forward.

The Study Objectives are:

A comprehensive insight into key players operating in the Muscle Stimulation Devices Market and their corresponding data.
It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies.
Regional analysis, which includes insight into the dominant market and corresponding market share.
It also includes various socio-economic factors affecting the evolution of the market in the region.
The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.
Table of Contents:

Market scenario 2024

Chapter 1: Introduction, Market Driving Force Product Objective of Study and Research Scope the Muscle Stimulation Devices market
Chapter 2: Exclusive Summary - the basic information of the Muscle Stimulation Devices Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends, and Challenges & Opportunities of the Muscle Stimulation Devices
Chapter 4: Presenting the Muscle Stimulation Devices Market Factor Analysis, Supply/Value Chain, PESTEL analysis, Market Entry, and Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User, and Region/Country 2024 - 2031
Chapter 6: Evaluating the leading manufacturers of the Muscle Stimulation Devices market which consists of its Competitive Landscape, Peer Group Analysis, Market positioning & Company Profile
Chapter 7: To evaluate the market by segments, by countries, and by Manufacturers/Companies with revenue share and sales by key countries in these various regions (2024-2031)
Chapters 8 & 9: Displaying the Appendix, Methodology, and Data Source

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Key Questions Answered:

What is the market size and CAGR of the Muscle Stimulation Devices Market during the forecast period?
How is the growing demand impacting the growth of Muscle Stimulation Devices Market shares?
What is the growing demand of the Market during the forecast period?
Who are the leading vendors in the market and what are their market shares?
What is the impact of the COVID-19 pandemic on the APAC Muscle Stimulation Devices Market?

Contact Us

Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame,
CA 94010, United States
Phone: US +12067016702 / UK +4402081334027
JAPAN:+81-50-5539-1737
INDIA:+91-848-285-0837
Email: sales@coherentmarketinsights.com

About Coherent Market Insights

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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