Muscle Stimulation Devices Market to Garner Revenues Worth US$ 873.2 Mn by 2026
Increasing healthcare expenditure and rising demand for chronic pain management are key factors driving demand. Growing preference for muscle stimulation devices among physiotherapists and increasing prevalence of obesity are other major factors driving growth of the muscle stimulation devices market.
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Though the market is expected to witness significant growth over the forecast period, low awareness regarding available treatment options for chronic diseases and possible electrotherapy treatment modalities can impede the growth of the market.
Muscle Stimulation Devices Market Segmentation
The global muscle stimulation devices market is segmented on the basis of product type, application, end user, and region.
On the basis of product type, the market has been segmented into,
Transcutaneous electrical nerve stimulator (TENS)
Burst mode alternating current (BMAC)
Neuromuscular electric stimulation (NMES) products
TENS and NMES segments collectively accounted for 92.7% market share in 2015.
On the basis of application, the market is segmented into,
Musculoskeletal disorder management
Neurological and movement disorder management
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Demand for muscle stimulation devices is strongest in the pain management segment. Pain management segment is expected to experience 1.6X increase in revenue over the forecast period.
On the basis of end user, the muscle stimulation devices market is segmented into,
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Among these, the physiotherapy clinics are estimated to lead the overall muscle stimulation market.
This report covers trends driving each segment and offers analysis and insights of the potential of the muscle stimulation devices market in all regions. North America is expected to maintain its position as the largest market for muscle stimulation devices, followed by Western Europe. APEJ region is expected to register a CAGR of 6.7% and gain 1.3X during the forecast period.
Some key players in the muscle stimulation devices market are DJO Global, Inc., Zynex, Inc., NeuroMetrix, Inc., RS Medical, Inc. and Omron Corp.
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