Higher preference for physiotherapy and other minimally invasive procedures to treat neurological and musculoskeletal disorders and increasing geriatric population are key factors driving market growth
The global electrotherapy machines market size is expected to reach USD 24.91 Billion in 2028 and register a revenue CAGR of 5.2% over the forecast period, according to the latest report by Reports and Data. The use of electrotherapy machines has decreased the number of surgery cases for treatment of various disorders such as musculoskeletal disorders, neurological disorders, and others and has helped in improving the working efficiency of human body, thereby driving market revenue growth.
Furthermore, rise in demand for electrotherapy machines by hospitals, physiotherapy centers, rehabilitation centers and even schools and colleges is expected to enhance the market growth during the forecast period. Most electrotherapy machines are helpful in maintaining the proper functioning of a patient’s body after suffering from any chronic disorder or trauma. Electrotherapy machines are used to heal muscle disorders and bones, maintaining proper alignment of spinal cord and other disabilities.
The rising number of cardiovascular and pulmonary disorders has increased the demand for electrotherapy machines, which helps in the market growth. The increasing geriatric population, rising cases of sports-related injuries, increasing obesity, and growing awareness about the benefits of electrotherapy machines and procedures are helpful in boosting the market.
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The report puts an emphasis on the information regarding the key players with a special focus on their company profile, business overview, recent advancements, product catalog, and strategic business plans. It provides a comprehensive overview of the strategic alliances in the market under taken by the key players such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches, brand promotions, and corporate deals, among others.
Key companies operating in the market and profiled in the report include:
BTL Industries, DJO Global Inc., Dynatronics Corporation, EMS Physio, Enraf-Nonius B.V., HMS Medical Systems, Isokinetics Inc., ITO Co. Ltd, Life Care Systems, Patterson Medica, and Zynex Medical Inc.
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The Electrotherapy machines market takes into account major geographical locations such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa to offer key insights into market growth, market size, market share, revenue growth, current and emerging trends, supply and demand ratio, import/export, consumer demand and behavior, and presence of key players in each region. The report offers an in-depth country wise analysis to impart better understanding of the market and its growth prospects.
Segments Covered in the report
Equipment Type Outlook (Revenue, USD Billion; 2018-2028)
- Electrotherapy Equipment
- Ultrasound Equipment
- Exercise Therapy Equipment
- Cryotherapy Equipment
- Combination Therapy
- Continuous Passive Motion (CPM) Therapy Equipment
- Shockwave Therapy Equipment
- Laser Therapy Equipment
- Traction Therapy Equipment
- Magnetic Therapy Equipment
End Use Outlook (Revenue, USD Billion; 2018-2028)
- Hospitals
- Physiotherapy Centers
- Clinics
- Rehabilitation Centers
- Others
Application Outlook (Revenue, USD Billion; 2018-2028)
- Musculoskeletal Applications
- Neurological Applications
- Cardiovascular Pulmonary Applications
- Pediatric Applications
- Gynecological Applications
- Others
Key Regions Analyzed in the Report include:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
Furthermore, it consists information about individual segment of the Electrotherapy machines market based on the types and application. The report also offers insights about the key segments expected to register significant revenue growth over the forecast period and primary trends influencing their growth. It also offers CAGR and market share values for each segment to provide clear understanding of demand and trend in the global market.
Some Key Highlights From the Report:
- By application, musculoskeletal applications segment accounted for largest revenue share in 2020. The growth of this segment is due to the increase in the number of accidents and sports injuries. The growing geriatric population and spinal injuries caused by the increasing cases of musculoskeletal disorders contribute to the market growth.
- By end use, hospital segment contributed to largest revenue share in 2020. The growth of this segment is due to the increase in the number of patients inclined toward physical therapy after undergoing surgeries. Adaptation of advanced technologies around the world and favorable government policies are also responsible for market growth.
- The demand for electrotherapy machines is increasing due to the subsequent rise in the number of patients suffering from chronic disorders and growing number of elderly people. Increasing incidences of cerebrovascular diseases also contribute to the market growth.
- Electrotherapy machines market in North America accounted for largest revenue share in 2020, attributed to key drivers, such as well-established and advanced physiotherapy centers and equipment. An increase in the number of patients with orthopedic and neurological disorders is also responsible for the growth of the market in this region..
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