The global electrotherapy market is expected to reach a market size of USD 1.30 Billion by 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. The report provides detailed insights into Electrotherapy market revenue trends, industry trends, consumer trends, market size, market share, market revenue growth drivers, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in Electrotherapy market size over the forecast period, 2020–2028. The report includes profiles of major Electrotherapy players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials. Also included are details regarding top Electrotherapy market players, manufacturers, and vendors and the various strategies being deployed in the market and objectives for these strategies. Rapid advancements of healthcare technologies, rising adoption of electrotherapy units for sports injuries, growing geriatric population, and increasing prevalence of chronic pain syndrome are some key factors fueling revenue growth of the global electrotherapy market.
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Global Electrotherapy market revenue growth is primarily driven by rising focus by major companies on product portfolio expansion, entry into new and untapped domestic and international markets, rising investments my top Electrotherapy market players, manufacturers, and vendors in strategic agreements and contracts, and rapidly increasing competition in the Electrotherapy market. Electrotherapy is a painless and non-invasive treatment for pain management. Electrotherapy systems consists of a battery-powered unit attached by wires to electrode pads. For this therapy process, electrode pads are placed on the affected area, and the system delivers small or low-intensity electrical impulses to the skin through electrode pads. In addition, rapidly rising demand and deployment in respective sectors/industries in major and developing countries is supporting growth in terms of Electrotherapy market share contribution of these countries. In addition, Electrotherapy market share contribution is expected to continue to incline steadily over the forecast period due to favorable government policies, advancements in technology, and steady economic growth across various regions and countries.
Top key vendors in Electrotherapy Market include are:
Medtronic Plc., AliMed, Inc., St. Jude Medical Inc., Cogentix Medical, Inc., Zynex Medical, NeuroMetrix Inc., DJO Global Inc., Cyberonics Inc., Nevro Corp., and Boston Scientific Corp.
For the purpose of this report, Emergen Research has segmented the global electrotherapy market based on treatment type, application, end-use, and region:
- Treatment Type Outlook (Revenue: USD Billion; 2020–2028)
- Transcutaneous Spinal Electro analgesia (TSE)
- Interferential Current Therapy (IC)
- Pulsed Short Wave Diathermy (PSWD)
- Transcutaneous Electrical Nerve Stimulation (TENS)
- Spinal Cord Stimulation (SCS)
- Electro-Acupuncture (EA)
- Percutaneous Electrical Nerve Stimulation (PENS)
- Application Outlook (Revenue: USD Billion; 2020–2028)
- Sports Injury
- Neuromuscular Dysfunction
- Tissue Repair
- Urine and Fecal Incontinence
- Pain Management
- Acute and Chronic Edema
- End-Use Outlook (Revenue: USD Billion; 2020–2028)
- Rehabilitation Centers
- Long-term Care Centers
- Regional Outlook (Revenue: USD Million; 2020–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- Rest of MEA
- North America
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In terms of Electrotherapy market share and revenue contribution to the global Electrotherapy market, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in Electrotherapy market share.
The market intelligence report on the Electrotherapy Industry also includes an extensive investigation of the competitive landscape. It assesses the business and marketing strategies expected to be present in the market through the forecast years. It also includes an investigation of the recent advancements and other factors driving the growth of the overall market to help comprehend the progress of the companies in the coming years.
Region wise performance of the Electrotherapy industry
North America Electrotherapy market revenue growth was relatively higher than that of other regional markets in 2020. North America Electrotherapy market revenue is expected to continue to remain dominant over the forecast period, supported by robust presence of top market players, manufacturers, and vendors, and favorable government policies and norms in countries in the region.
Asia Pacific Electrotherapy market revenue registered fastest growth rate in 2020, and this trend is expected to continue over the forecast period. Asia Pacific Electrotherapy market revenue growth is driven by significant market revenue contribution from China, India, and South Korea. China is a robust hub for top Electrotherapy market players, manufacturers, and vendors, as well as easy access to raw materials and workforce at more economical costs that that of other regional markets.
Europe Electrotherapy market revenue is expected to continue to remain steady over the forecast period, attributed to changing trends in various market and robust focus on research and development initiatives by top market players, manufacturers, and vendors to expand global footprint and drive revenues and profits.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
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The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Electrotherapy industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the Electrotherapy market across different regions?
- Who are the major driving forces expected to decide the fate of the Electrotherapy industry worldwide?
- Who are the prominent market players making a mark in the Electrotherapy market with their winning strategies?
- Which Electrotherapy industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Electrotherapy market?
Table of Content
Chapter 1. Methodology Sources
1.1. Electrotherapy Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Electrotherapy Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Electrotherapy Market Segmentation Impact Analysis
4.1. Electrotherapy Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Electrotherapy Market indicators analysis
4.2.2. Electrotherapy Market drivers analysis
188.8.131.52. Rapid urbanization and industrialization
184.108.40.206. Stringent government regulations regarding carbon emissions
220.127.116.11. Increasing prevalence of respiratory diseases
18.104.22.168. Rising need to enhance indoor air quality
4.2.3. Electrotherapy Market restraints analysis
22.214.171.124. High cost associated with the maintenance of Electrotherapy products
126.96.36.199. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 10. Competitive Landscape
10.1. Electrotherapy Market Revenue Share By Manufacturers
10.2. Mergers Acquisitions
10.3. Competitor’s Positioning
10.4. Strategy Benchmarking
10.5. Vendor Landscape
10.5.1. Raw Material Suppliers
10.5.1.1. North America
10.5.1.3. Asia Pacific
10.5.1.4. Middle East Africa
10.5.1.5. Latin America
10.5.2.1. North America
10.5.2.3. Asia Pacific
10.5.2.4. Middle East Africa
10.5.2.5. Latin America
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