How Has the Electrotherapy Devices Market Size Evolved in Recent Years?
The electrotherapy devices market has seen considerable growth due to a variety of factors.
• The market size for electrotherapy devices has seen consistent growth in the past few years. The projection shows it increasing from $1.38 billion in 2024 to $1.43 billion in 2025, with a compound annual growth rate (CAGR) of 4.2%.
The factors contributing to this historic growth incorporate heightened awareness and acceptance of electrotherapy, growth in rehabilitation and physical therapy services, enhanced clinical proof endorsing electrotherapy, and advantageous reimbursement policies.
What Are The Estimated Market Size And Expected Annual Growth Rates For Globa Electrotherapy Devices Market?
The electrotherapy devices market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated steady growth for the electrotherapy devices market size in the coming years will lead to its expansion to $1.67 billion by the year 2029, with a compound annual growth rate (CAGR) of 3.9%.
The projected market growth can be attributed to factors such as government initiatives, positive clinical results from the use of electrotherapy devices, the expansion of healthcare infrastructure, and increasing demand for non-addictive alternatives for pain relief. Noteworthy trends for the forecasted period encompass the progress in transcutaneous electrical nerve stimulation (TENS) technology, the incorporation of artificial intelligence and smart technologies, the emergence of combination therapies, and the presentation of subscription-based models.
What Are The Essential Drivers Behind The Growth Of The Electrotherapy Devices Market?
The proliferation of sports-related injuries is projected to catalyze the expansion of the electrotherapy devices market in the future. These injuries, often resulting from physical sports or exercise activities, have undesirable impacts on muscles, bones, joints, and other tissues. Factors driving the growing sports injury rate include early focus on sports, increased participation, harsh training and competition, as well as the absence of adequate conditioning and warming up. Electrotherapy devices prove highly effective in managing and treating these injuries, promoting healing, lessening pain, and improving recovery. For instance, in May 2023, the US based non-profit, the National Safety Council, published a report stating a marked increase in sports injuries by 8% in 2023, surging from 445,642 in 2022 to 482,886, with the highest rate noted among those aged between 15 and 24 years old, and more males (276,377) affected compared to females (206,381). Thus, the spiking rate of sports injuries spurs on the growth of the electrotherapy devices market.
What Are The Key Segments Within The Global Electrotherapy Devices Market?
The electrotherapy devices market covered in this report is segmented –
1) By Type: Transcutaneous Electrical Nerve Stimulation, Therapeutic Ultrasound
2) By Application: Nervous Disease, Muscle Injury, Inflammation, Bone Growth, Pain Relief
3) By End User: Hospitals And Clinics, Rehabilitation Centers
Subsegments:
1) By Transcutaneous Electrical Nerve Stimulation (TENS): Conventional TENS Devices, Acupuncture-Like TENS Devices, Burst Mode TENS Devices
2) By Therapeutic Ultrasound: Low-Intensity Therapeutic Ultrasound (LITUS) Devices, High-Intensity Focused Ultrasound (HIFU) Devices, Phonophoresis Devices
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How Are New Trends Impacting The Size Of The Electrotherapy Devices Market?
Leading corporations in the electrotherapy devices sector are concentrating on the creation of groundbreaking products, such as wearable electrotherapy devices, with the aim of enhancing patient results through increased comfort. These wearable devices, which are portable and applied directly to the body during their utilization, function by administering electrical stimulation for therapeutic benefits like pain alleviation, muscle recovery or rehabilitation. For example, Zynex, a company from the United States that excels in producing electrotherapy devices, introduced the NexWave Electrotherapy Device in March 2023, proposing a novel method to pain management that gives a non-invasive option in contrast to conventional pain medicines. This gadget combines the use of transcutaneous electrical nerve stimulation (TENS) and interferential current (IFC) treatments, achieving pain relief that is purportedly much potent than traditional TENS devices, minus the medication’s related adverse effects. Designed for home utilization, the NexWave is conveniently available for patients recuperating from surgical procedures or managing chronic pain.
Who Are the Key Players in the Electrotherapy Devices Market?
Major companies operating in the electrotherapy devices market are include:
• Medtronic plc
• Boston Scientific Corporation
• EME Srl
• Aurora Healthcare Inc.
• Omron Healthcare Inc.
• RS Medical Inc.
• DJO Global Inc.
• BTL Industries Inc.
• Orthofix Medical Inc.
• Zynex Inc.
• St. Jude Medical Inc.
• Stimwave LLC
• Bioness Inc.
• Chattanooga Group Inc.
• HoMedics LLC
• NeuroMetrix Inc.
• Mettler Electronics Corp.
• STYMCO Technologies Inc.
• Alkalife LLC
• Revitive
What are the Regional Insights into the Electrotherapy Devices Market?
North America was the largest region in the electrotherapy devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electrotherapy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
