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2022
Electrotherapy Market

Electrotherapy Market, by Technology (Transcutaneous Electrical Nerve Stimulation (TENS), Spinal Cord Stimulation (SCS), Electronic Muscle Stimulator (EMS), Electro-Acupuncture (EA), and Inferential Current (IFC)), Therapy (Extracorporeal Shock Wave Therapy, Micro Current Therapy, Magnetic Field Therapy, Ultrasound Therapy, and Interferential Current Therapy), and End User (Hospitals, Rehabilitation Centers, Clinics, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Electrotherapy is a medical practice primarily used to treat modality, arthritis, muscle atrophy, sports injury, and nerve pain by using electric energy. Athletic trainers and therapists use this therapy for electric stimulation for pain management, tissue repair, cardiology, and urine & fecal incontinence. This is a drug-free, non-invasive, gentle therapy, which helps in the release of endorphins to ease the pain. The device includes a battery-powered unit along with sticky electrode pads, which are placed on the affected area of the patient’s body and safe, low-level electric impulses are delivered through the wires.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2021–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Segments Covered

  Technology, Therapy, End User, and Region

  Companies Covered

Medtronic, STYMCO Technologies, Omron Healthcare, Inc., Walgreen Co., Chirag Electronics, AliMed, Inc., Abbott, Zynex Medical, NeuroMetrix, Inc., DJO, LLC, Cyberonics, Inc., Nevro Corp, Boston Scientific Corporation, EMS Physio Ltd., Johari Digital, and Electronic Waveform Lab

 

COVID-19 Impact Analysis

During the early phase of COVID-19 pandemic, there was no availability of specific diagnostic tests to detect the virus in patients. Alternative diagnostic tests were used initially but were not much effective. This unavailability of specific COVID-19 diagnostic tests presented lucrative opportunities for diagnostic manufacturers to introduce their COVID-19 diagnostic kits. Many leading players as well as some start-ups globally utilized this opportunity and introduced COVID-19 diagnostics kits into local as well as global markets. These players achieved an edge over other diagnostics players capitalizing the opportunity from demand for COVID-19 diagnostic tests, which, in turn, helps them in maintaining their revenues in such a crisis.

Owing to such factors, COVID-19 is expected to have a significant impact on the electrotherapy market as well.

Top Impacting Factors

  • The increase in the cases of spinal injuries and chronic conditions act as major factors that drive the electrotherapy market.
  • The rise in the geriatric population and rapid regulatory approvals from higher authorities also boost the market growth.
  • However, the lack of awareness about the availability of the electrotherapy procedure in many developing countries is anticipated to hinder the growth of the market.

Market Trends

New Product Launches to Flourish Electrotherapy Market 

In 2019, Boston Scientific Corporation (Boston Scientific), a manufacturer of medical devices, launched Vercise Primary Cell (PC) and Vercise Gevia Deep Brain Stimulation (DBS) Systems to control the position, range, and direction of the electrical stimulation.

In 2020, Boston Scientific announced the launch of WaveWriter Alpha Spinal Cord Stimulator System, which is a solution that helps in pain management.
 

Key Benefits of Report

  • This study presents the analytical depiction of the electrotherapy industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the electrotherapy market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the electrotherapy market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed electrotherapy market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in Electrotherapy Market Report

  • Who are the leading players active in the electrotherapy market?
  • What are the current trends that will influence the electrotherapy market in the next few years?
  • What are the driving factors, restraints, and opportunities of the electrotherapy market?
  • What future projections would help in taking further strategic steps?
  • What is electrotherapy"?
  • What is the electrotherapy market prediction for the future?

Key Market Segments

Segments Sub-segments
Key Benefits of Report
  • This study presents the analytical depiction of the electrotherapy industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the electrotherapy market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the electrotherapy market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed electrotherapy market analysis based on competitive intensity and how the competition will take shape in the coming years.
Questions Answered in Electrotherapy Market Report
  • Who are the leading players active in the electrotherapy market?
  • What are the current trends that will influence the electrotherapy market in the next few years?
  • What are the driving factors, restraints, and opportunities of the electrotherapy market?
  • What future projections would help in taking further strategic steps?
  • What is electrotherapy"?
  • What is the electrotherapy market prediction for the future?
Technology
  • Transcutaneous Electrical Nerve Stimulation (TENS)
  • Spinal Cord Stimulation (SCS)
  • Electronic Muscle Stimulator (EMS)
  • Electro-acupuncture (EA)
  • Inferential Current (IFC)
Therapy
  • Extracorporeal Shock Wave Therapy
  • Micro current Therapy
  • Magnetic Field Therapy
  • Ultrasound Therapy
  • Interferential Current Therapy
End User
  • Hospitals
  • Rehabilitation Centers
  • Clinics
  • Others
Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
 
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