Electrotherapy Devices Market:
Introduction
·
Electrotherapy uses electric impulses and offers
a range of treatment to reduce pain by relaxing muscles, improving blood
circulation, repairing tissues, and promoting bone growth. The adoption of
physiotherapy in the treatment of various ailments has boosted the demand for
electrotherapy globally.
·
Different modalities of electrotherapy include
electrical, sound, light, or thermal, which are used to reduce pain and improve
body functions. For instance, therapeutic ultrasound, low?level laser therapy
(LLLT), transcutaneous electrical nerve stimulation (TENS), and pulsed
electromagnetic field therapy (PEMF) are different modalities for physical
therapy intervention.
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Key Drivers and Restraints of
Global Electrotherapy Devices Market
·
Rise in incidences of spinal injuries and lower
back pain is boosting the global electrotherapy devices market growth.
According to the National Institutes of Health, approximately 80% of adults
experience lower back pain at some point of their lifetime. The number of
people experiencing lower back pain is increasing.
·
Approximately 29.5% of the U.S. citizens aged 65
and above experienced lower back pain in 1997. This number increased to 33.7%
in 2013.
·
As per as article published on back pain
statistics in 2018, 80% of Americans experience upper or lower back pain during
their lifetime.
·
Each year, in the U.S., out of 30 million
children and adolescents who participate in some form of sports, 3.5 million
experience injuries.
·
As per the U.S. Centers for Disease Control
(CDC), since 2000, there has been a five-fold increase in the number of serious
shoulder and elbow injuries among youth baseball and softball players. Rise in
the number of sports related injuries is fueling market growth, as
electrotherapy devices are used for muscle relaxation, to increase blood
circulation, and manage chronic and intractable pain.
·
Limited market growth is witnessed in
underdeveloped and a few developing countries due to lack of awareness about
the device and the treatment
·
Major companies operating in the electrotherapy devices
market are focusing on expanding their presence in the Asia Pacific region due
to its high growth potential
·
According to the U.S. National Academy of
Sciences (NAS), US$ 500 billion direct medical cost is associated with chronic
pain management
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High Frequency Segment to
Witness Rise in Demand
·
Based on product type, the global electrotherapy
devices market can be divided into low frequency, mid frequency, and high
frequency
·
In electrotherapy, applied energy is the main
source to start physiological events to achieve therapeutic benefits for pain
relief. Low frequency electrotherapy devices can be effectively applied to the
contralateral side of the body.
·
Traditional electrotherapy devices use
relatively high frequency (80 Hz – 130Hz) with narrow pulses for the treatment
Pain Management Application Segment
to Offer Significant Growth Potential
·
On the basis of application, the global
electrotherapy devices market can be divided into pain management, urine &
fecal incontinence, sports injury treatment, tissue repair, iontophoresis,
acute & chronic edema, wound healing, cosmetic, and others
·
Electrotherapy is used to treat several types of
chronic pain, including neck pain, lower back pain, and diabetic nerve pain, by
blocking pain signal using a mild electric current
·
Technological developments in the electrostimulation
therapy for wound healing have exhibited promising treatment
·
iTENS is an advanced Bluetooth-based wearable
pain relief OTC device that combines TENS therapy using a medical device app
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Homecare Settings End-user
Segment has Significant Growth Potential
·
In terms of end user, the global electrotherapy
devices market can be divided into rehabilitation centers, long-term care
centers, specialty clinics, hospitals, homecare settings, and others
·
Electrotherapy is one of the effective and safest
ways to treat pain. Earlier, trained professionals were required to operate
these devices. However, electrotherapy devices are now available for homecare
settings due to technological advancements.
·
Short-term pain relief programs are conducted by
outpatient rehabilitation centers and care is delivered either in individual or
group settings. The cost of these programs depends on the length of a program
and its intensity. Usually, these programs cost US$ 13,000 to US$ 30,000, and
include physical therapy, psychology, and physician charges.
North America to Dominate
Global Market for Electrotherapy Devices
·
In terms of region, the global electrotherapy
devices market can be divided into: North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa
·
Asia Pacific is likely to witness the maximum
demand for electrotherapy devices from 2019 to 2027. Major manufacturers of
electrotherapy devices have been investing increasingly in the region due to
rise in the adoption of electrotherapy systems by athletes and growth in the
geriatric population, along with surge in the diabetic population.
·
In 2018, Omron Healthcare, Inc. launched
wireless, dual channel TENS device for multiple site pain treatment. It can be
controlled using Omron’s new mobile app. With this development, a patient can
operate the device remotely through the Bluetooth connectivity, thus restoring
their freedom of movement while in treatment.
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Key Manufacturers Operating in
Global Market
The global electrotherapy devices
market was highly fragmented in 2018. Key manufacturers operating in the global
market are:
·
Alimed, Inc
·
Cogentix Medical, Inc.
·
Zynex Medical
·
Neurometrix Inc
·
DJO Global Inc.
·
Chattanooga
·
Gymna
·
Biomedical Srl
·
Shenzhen XFT Medical Limited
·
ASTAR
·
A.C.E.R. SRL
·
BTL
·
Domino srl
·
Eme srl
·
Enraf-Nonius B.V.
·
Omron Healthcare Inc.
·
Medtronic
·
Abbott
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