Global Electrotherapy Market Size, Share, Forecast Report, 2020-2027

Electrotherapy is a therapy which uses electrical impulses for soft tissue injuries, stimulate muscles and improve muscle strength and sensation. There are different use of electrotherapy such as pain management, cardiology, tissue repair, urine and fecal incontinence. Increasing use of electrotherapy by physiotherapist and sports person is driving the growth for the market. Technological advancement and innovation are some other major driving factors which supports the market growth. Some electrotherapy devices are also useful for weight loss. Increasing funding for new product development and rise in the new product launches is creating better competitive environment and also boosting the market for electrotherapy.

The Global Electrotherapy market is growing at the CAGR of ~4.2% during the forecast period and expected to reach US$ 1119.1 million by 2023.
Segments:

Global Electrotherapy Market has been segmented on the basis of type which comprise Extracorporeal Shock Wave Therapy, Interferential, Magnetic Field Therapy (Constant Energy Magnets, Pulsed Electro-Magnetic Field Energy), Ultrasound Therapy, Transcutaneous Electrical Nerve Stimulation (TENS) Therapy (Conventional TENS, Acupuncture-like TENS (AL-TENS), Intense TENS), and others. On the basis of devices, it segmented into Transcutaneous Electrical Neural Stimulator (TENS), Electronic Muscle Stimulator (EMS), Interferential Stimulator (IF), High Voltage Pulsed Galvanic Stimulator (HVPGS), Microcurrent Stimulator (MC) or Microcurrent Electrical Neuromuscular Stimulator (MENS), and others. on the basis of application, it segmented into orthopedics, cardiology, urology, Pain management (chronic pain, chronic fatigue, Migraine headaches, Wound healing, Diabetic nerve pain, Stimulating bone growth), Acute and Chronic Edema, and others.

Regional Analysis of Global Electrotherapy Market:

Considering the global scenario of the market, North America is largest market for electrotherapy, in North America region US hold largest market share while European market is second largest, and the growth rate is higher in west European countries. On the other hand, Asia-Pacific (APAC) is fastest growing market and expected to dominate the market by 2023. Middle East and Africa (ME&A) is likely to have a limited growth in the market due to less awareness of devices and treatment.

Key Players for Global Electrotherapy Market:

Some of the key players in this market are: BTL (Czech Republic), Eme srl (Italy), EMS Physio Ltd. (UK), Enraf-Nonius B.V.(Netherlands), gbo Medizintechnik AG (Germany), MEDTRONIC (Republic of Ireland), Omron Healthcare, Inc.(US), Phoenix Healthcare (UK), Pure Care (US), STYMCO Technologies, LLC (US), Walgreen Co. (US), and others