Press release
PEMF Therapy Device Market Booming Worldwide With Leading Key Players - Orthofix Medical Inc, Swiss Bionic Solutions & Oxford Medical Instruments Health Store.
PEMF Therapy Device Market || 2024-2031
PEMF therapy involves using pulsating magnetic fields to stimulate cellular repair and regeneration. By applying electromagnetic fields, PEMF devices help in healing non-union fractures and treating conditions like depression. This therapy leverages the natural electromagnetic energy essential for cellular communication and overall bodily functions.
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Market Dynamics:
Increasing awareness regarding the benefits of electromagnetic therapy drives market growth.
The PEMF (Pulsed Electromagnetic Field) therapy device market is projected to grow at a CAGR of 7.8% from 2024 to 2031. This growth is driven by rising wellness trends and increased acceptance of alternative therapies, alongside higher spending on health and wellness. The market benefits from a growing awareness of complementary therapies like yoga and the significant prevalence of non-union fractures, which affect around 12% of all fracture cases.
Demographic factors, such as the expanding geriatric population-expected to grow from 900 million to 2 billion between 2015 and 2050-and increased incidence of accidents and falls, also contribute to market expansion. However, the market faces challenges including limited understanding of PEMF therapy's mechanisms, insufficient experimental validation, and regulatory constraints. While the FDA approves these devices, they are marketed as wellness products rather than medical treatments, which affects their broader acceptance and use.
Market Segmentation:
By Type: High Frequency, Low Frequency.
By Application: Bone Growth, Pain Relief.
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Major Key Players:
• Orthofix Medical Inc.
• Oxford Medical Instruments Health Store
• Nuage Health, Orthofix Holdings, Inc.
• I-Tech Medical Division,
• Pulsed Energy Technologies LLC
• Swiss Bionic Solutions,
• SEDONA Wellness Ltd.
• Pulse Centers B
• BioBalance
• Dolphin Neurostim
• BEMER AG
• BEIJING (Suzhou) Medical Technology Co., Ltd.
• Jiangsu Alphay Medical Device Co., Ltd.
• Guangdong Owgels Technology Co., Ltd.
• Shenzhen Guangyang Zhongkang Technology Co., Limited
• Wuhan Yuanguang Ruikang Technology Co., Ltd.
Regional Analysis:
The global PEMF Therapy Device Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The PEMF Therapy Device Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Related Reports:
Light Therapy Device Market: https://datamintelligence.com/research-report/light-therapy-device-market
Laser Therapy Devices Market: https://datamintelligence.com/research-report/laser-therapy-devices-market
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