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Electrotherapy Systems Market is expected to reach US$ 8.57 billion by 2030

The electrotherapy systems market is expected to reach US$ 8.57 billion by 2030. Insights on product, application, & end-user.

By The Insight Partners

Spinal Cord Stimulation (SCS) Segment to Hold Significant Share of Electrotherapy Systems Market During 2022–2030  

According to our latest study on "Electrotherapy Systems Market Forecast to 2030 – Global and Regional Share, Trend, and Growth Opportunity Analysis – by Product, Application, and End User," the market was valued at US$ 4.21 billion in 2022 and is projected to reach US$ 8.57 billion by 2030; it is estimated to register a CAGR of 9.3% from 2022 to 2030. The increasing incidence of sports injuries and strategic initiatives by manufacturers are the key factors bolstering the electrotherapy systems market size. However, stringent regulatory specifications for electrotherapy systems hamper the electrotherapy systems market growth.

Technological advancements in interferential therapy, ultrasound therapy, and transcutaneous electrical nerve stimulation have a significant impact on the electrotherapy systems market analysis. For example, in February 2021, KT Tape LLC (US) unveiled KT Recovery+ Wave (KT Wave), the newest addition to its recovery product lineup. This US Food and Drug Administration (FDA) approved wearable device transforms the application of a powerful electromagnetic technology, rendering it available as a wearable, portable solution, unlike its past applications, which were restricted to doctors’ offices. KT Wave provides drug-free pain treatment for sprains, carpal tunnel syndrome, knee pain, arthritis, back pain, sports injuries, and other problems. Further, the Neuro20 PRO System by Neuro20 Technologies Corp. (a manufacturer of wearable medical devices) was granted pre-market approval by the FDA on March 2, 2023. With control specificity for each muscle for 1–10 patients at a time, the Neuro20 PRO System is a whole-body electrical muscle stimulator suit, software, and operating system that involuntarily contracts 42 muscles alone or in any combination of co-contraction. Thus, the integration of advanced technologies is likely to bring new electrotherapy systems market trends in the coming years.  

To get sample Copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPHE100001378

Asia Pacific is likely to create significant opportunities for the electrotherapy systems market in the coming years owing to a large base of patients with neurology-associated pain disorders, and growing concerns over the prevalence of neuropathy and other related conditions. The implementation of government programs to provide palliative care for those with chronic pain and the need for electrotherapy as an alternative to traditional pain management are further contributing to the electrotherapy systems market growth in Asia Pacific countries. Electrotherapy is becoming a preferred choice of method for pain management among athletes and elderly people in the region. Moreover, a rise in the incidence of diabetes is likely to benefit the electrotherapy systems market. According to the International Diabetes Federation (IDF), as of 2019, 88 million adults in Southeast Asia, aged 20 to 79, had diabetes, and the number is expected to reach 153 million by 2045. An adjuvant treatment for diabetic ulcers and other associated lower limb issues associated with diabetes is electrotherapy.

Electrotherapy Systems Market, by Product

The electrotherapy systems market, by product, is segmented into percutaneous electrical nerve stimulation (PENS), transcutaneous electrical nerve stimulation (TENS), spinal cord stimulation (SCS), micro-current therapy, interferential current therapy (IC), electro-acupuncture (EA), pulsed short wave diathermy (PSWD), transcutaneous spinal electroanalgesia (TSE), and others. The spinal cord stimulation segment held the largest share of the market in 2022. It is likely to record the highest CAGR in the market during 2022–2030. Spinal cord stimulation has been in use in medical facilities for years. Cervical and lumbar radiculitis, failed back surgery syndrome, complex regional pain syndrome, and neuropathy are a few of the conditions that can be assisted by the therapy. Spinal cord stimulation is an efficacious, safe, and cost-effective method of chronic pain management. Newer spinal cord stimulation technologies are being introduced to treat an extended range of clinical indications, including visceral and ischemic pain, with the potential for further improved efficacy.   

Electrotherapy Systems Market, by Application:

The electrotherapy systems market, by application, is segmented into neuromuscular dysfunction, pain management, acute and chronic edema, sports injury treatment, iontophoresis, urine and fecal incontinence, and others. The pain management segment held the largest electrotherapy systems market share in 2022. The dominance of this segment is attributed to the rising number of trauma cases and sports injuries. According to data published by the World Health Organization in March 2022, nearly 30 million children and teenagers participate in organized sports and more than 3.5 million injuries are reported every year. Furthermore, it was also estimated that 570,000 people faced traumatic pain in the US in 2021. An upsurge in the occurrence of back pain and neck pain also results in a heightened demand for electrotherapy to treat chronic pain.

Electrotherapy Systems Market, by Geography:   

The geographic scope of the electrotherapy systems market report encompasses North America (US, Canada, and Mexico), Europe (Spain, UK, Germany, France, Italy, and Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America). North America accounted for the largest electrotherapy systems market share in 2022. Population aging is a major factor that can be associated with the elevated demand for electrotherapy in the region. According to WHO data released in December 2022, 73 million individuals in North America are estimated to be of age 65 or above by 2053. The same source states that 17% of the US population above 65 years of age are experiencing back discomfort and spinal injuries.

The National Safety Council (NSC) estimated that the US recorded nearly 409,224 injuries from exercise equipment in 2021, which was the highest number of injuries reported from sports and recreational activities together. Next on the list of injuries related to exercise equipment was bicycles and accessories, which resulted in 375,797 cases in 2021. According to the Sports Accident Statistics report, updated by LegalMatch in August 2022, over 150,000 anterior cruciate ligament (ACL) injuries occur annually in the US. Thus, a surge in the number of sports injuries is propelling the electrotherapy systems market in the country.

The electrotherapy systems market report is focused on prominent companies in the market; these include BTL, DJO LLC, Omron Healthcare Inc, Abbott, Boston Scientific Corporation, Medtronic, Nevro Corp, Phoenix Healthcare, Eme srl, and Pure Care.

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