Press release
Electrotherapy Systems Market Growth, Size, Share & Forecast 2024-2033 | Trends & Key Players
Electrotherapy Systems Market Growth
According to The Business Research Company's, The electrotherapy systems market size has grown strongly in recent years. It will grow from $4.55 billion in 2023 to $4.96 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to the rising prevalence of spinal injuries due to accidents, growth in the aging population, increase in health expenditures, rising incidences of back pain and neck pain, and increasing focus on non-invasive therapies.
The electrotherapy systems market size is expected to see strong growth in the next few years. It will grow to $7.07 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to Increasing approval of electrotherapy systems, strong emphasis on chronic pain management, rising healthcare expenditures supporting the adoption of electrotherapy systems, focus on personalized pain relief solutions for chronic conditions, increasing awareness and acceptance of electrotherapy systems among patients and healthcare providers. Major trends in the forecast period include technological advancements, launch of innovative products, approval of breakthrough devices by regulatory bodies, regulatory approvals for new electrotherapy technologies, focus on pain management in high-contact sports such as football, rugby, and wrestling.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/electrotherapy-systems-global-market-report
Market Drivers and Trends:
The rising prevalence of spinal and sports injuries is expected to propel the growth of the electrotherapy systems market going forward. Spinal and sports injuries refer to physical trauma or damage sustained by the spinal cord, vertebrae, or surrounding tissues, as well as injuries incurred during sports or athletic activities. The rising prevalence of spinal and sports injuries is attributed to increased participation in high-impact activities, intensified competitive sports, and inadequate injury prevention measures. Spinal and sports injuries utilize electrotherapy systems for targeted pain relief, muscle rehabilitation, and tissue healing due to their non-invasive and effective treatment modalities. For instance, in October 2022, according to a report published by the New Zealand Spinal Trust, a New Zealand-based non-profit organization dedicated to assisting individuals with spinal cord injuries, the incidence of sports and recreational spinal cord injuries (SCI) saw a rise, climbing from 14% in 2020 to 19% in 2021. Furthermore, in May 2022, according to the National Library of Medicine, a US-based government library, every year between 250,000 and 500,000 people suffer spinal cord injuries around the world. Every year, around 17,000 new spinal cord injuries are recorded in the United States, and it is estimated that 282,000 Americans have survived spinal cord injuries. Therefore, the rising prevalence of spinal and sports injuries is driving the growth of the electrotherapy systems market.
Major companies operating in the electrotherapy systems market are focused on innovative technologies, such as next-generation electrotherapies, to maintain competitiveness and meet evolving consumer needs. Next-gen electrotherapy delivers targeted electrical stimulation for various medical applications, including pain management, rehabilitation, and neurological disorders, offering improved efficacy, precision, and patient comfort. For instance, in April 2023, Enovis, a US-based medical technology company, launched Intelect Legend 2 and Intelect Transport 2, cutting-edge electrotherapy systems that provide benefits such as increased muscular contractions, less patient discomfort, and reduced neural fatigue. It has an intuitive user interface that simplifies treatment settings by allowing therapists to select indications rather than technical waveforms. This streamlines the treatment procedure for the best patient care.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=14702&type=smp
Major Key Players of the Market:
Abbott Laboratories, Phoenix Healthcare Group, Medtronic PLC, Boston Scientific Corporation, Omron Healthcare Inc, St. Jude Medical Inc, DJO Global LLC, LivaNova PLC, BTL Industries LLC, Beurer GmbH, Nevro Corporation, Cyberonics Inc, Zynex Inc, Dynatronics Corporation, Uroplasty Inc, North Coast Medical Inc, PureCare by Fabrictech, NeuroMetrix Inc, TensCare Ltd, Cionic Inc, EMS Physio Ltd, STYMCO Medical, Neuro20 Technologies Corp, Eme srl
Electrotherapy Systems Market 2024 Key Insights:
• The electrotherapy systems market size is expected to see strong growth in the next few years. It will grow to $7.07 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%.
• Expanding Electrotherapy Systems Market Is Driven By Growing Incidence Of Spinal And Sports Injuries
• Technological Advancements Transform The Electrotherapy Systems Market
• North America was the largest region in the electrotherapy systems market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=14702&type=smp
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electrotherapy Systems Market Growth, Size, Share & Forecast 2024-2033 | Trends & Key Players here
News-ID: 3690523 • Views: …
More Releases from The Business research company
Outlook on the Police Riot Equipment Market: Major Segments, Strategic Developme …
The police riot equipment market is set for significant growth in the coming years, driven by technological advancements and evolving law enforcement needs. As agencies worldwide seek more effective and adaptable gear, the market is poised to expand steadily through 2030. Let's explore the market's anticipated size, key drivers, notable players, emerging trends, and detailed segmentations.
Anticipated Growth Trajectory of the Police Riot Equipment Market
The police riot equipment market size…
Segment Evaluation and Major Growth Areas in the Payload Adapter Separation Syst …
The payload adapter separation system market is gearing up for substantial expansion as satellite deployment and space missions continue to gain momentum worldwide. Advancements in technology alongside increasing demand for flexible and reliable payload solutions are setting the stage for notable growth over the next several years. Below, we explore the market's size, leading players, key trends, and segment details shaping this evolving sector.
Projected Market Size and Growth Trajectory for…
Key Trends and Emerging Changes Shaping the Orbital Maneuvering Vehicle Market L …
Exploring the future of space logistics reveals exciting potential for the orbital maneuvering vehicle market. As demand for advanced satellite management and space transportation grows, this sector is set to experience notable advancements and expansion in the coming years. Let's delve into the market's size projections, leading players, current trends, and key segments shaping its evolution.
Projected Growth and Market Size of the Orbital Maneuvering Vehicle Market
The orbital maneuvering vehicle…
Emerging Sub-Segments Transforming the Nuclear Power Plant Market Landscape
The nuclear power plant industry is positioned for steady development as the world increasingly emphasizes sustainable and low-carbon energy sources. Innovations in reactor technology and growing global collaboration are shaping the future of this sector. Let's explore the market's current outlook, key players, influential trends, and segmentation details to understand how this industry is evolving toward 2030.
Projected Growth and Market Size in the Nuclear Power Plant Market
The nuclear power…
More Releases for Electrotherapy
Expanding Electrotherapy Systems Market Is Driven By Growing Incidence Of Spinal …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Electrotherapy Systems Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market volume for electrotherapy systems has witnessed robust expansion recently, projected to climb from its 2024 valuation of $4.96 billion to $5.42 billion by 2025, demonstrating a consistent compound annual growth rate of 9.2%;…
A Complete Study Guide to Electrotherapy Systems
The electrotherapy systems market size is projected to reach US$ 9.24 billion by 2031 from US$ 4.94 billion in 2024. The market is expected to register a CAGR of 9.4% during 2025-2031. The electrotherapy systems market is expanding as a result of the increase in chronic pain conditions, the rise in the elderly population, the progress made in technology, and the demand for noninvasive treatments. Moreover, the flourishing healthcare infrastructure…
Key Trend Reshaping the Electrotherapy Devices Market in 2025: Innovations In We …
How Are the key drivers contributing to the expansion of the electrotherapy devices market?
The escalation in sports-related injuries is anticipated to stimulate expansion in the electrotherapy devices market. Physical damage sustained during exercises or athletic activities, impacting muscles, bones, joints, or other tissues, define sports injuries. The rise in these injuries is credited to elements including excessive specialization in sports, increased participation, intense training and competition, and a neglect of…
Global Electrotherapy Market Will Generate Record Revenue by 2028
This Electrotherapy market report's primary elements include the global marketplace, high-potential opportunities, and ongoing development visions. It also gives statistics on a variation of topics to prevent industry participants stay inundated in a fast-paced worldwide market.
Get Sample Copy of Electrotherapy Market Report at:
https://www.globalmarketmonitor.com/request.php?type=1&rid=828837
Apart from offering valuable data, this Electrotherapy market report goes on to describe essential objectives, pricing strategy, and approaches in order to help market participants succeed. With the…
Electrotherapy Device Market Size, Players, Revenue Analysis 2023-2030
Electrotherapy Device Market Overview 2023:
The Electrotherapy Device Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the Electrotherapy Device market. This report explores all the key factors affecting the growth of the Electrotherapy Device…
Electrotherapy Market Demand, Insights and Forecast by 2028
The electrotherapy market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 3.95% in the above-mentioned forecast period.
Market Analysis and Insights: Electrotherapy Market
Electrotherapy is defined as a therapy which uses electric energy in the medical treatment. Electrotherapy has numerous uses which include pain management, cardiology, tissue repair, urine and fecal incontinence. Most…
