Electrotherapy Market Expected to Reach $1.6 Billion by 2031

Electrotherapy Market Size

Electrotherapy market is projected to reach $1,636.4 million by 2031, registering a CAGR of 5.3% from 2022 to 2031.

PORTLAND, OREGON, UNITED STATES, March 1, 2023 /EINPresswire.com/ — Electrotherapy market size was valued at $979.0 million in 2021, and is projected to reach $1,636.4 million by 2031, registering a CAGR of 5.3% from 2022 to 2031. Electrotherapy includes a range of treatments using electrical currents to reduce pain and improve blood circulation. It repairs tissues, strengthens muscles, and promotes bone growth, leading to improvement in physical functioning. Different types of electrotherapies such as transcutaneous electrical nerve stimulation, therapeutic ultrasound, electrical muscle stimulation, percutaneous electrical nerve stimulation (PENS) and interferential current (IC) therapy are used to treat chronic pain.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :
Abbott, AliMed, Colfax, EMS Physio Ltd, HMS Medical system, Medtronic, OMRON Healthcare, Palex Medical, Skin Inc., and Zynex Medical.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-sample/15767

𝗖𝗼𝘃𝗶𝗱-𝟭𝟵 𝗦𝗰𝗲𝗻𝗮𝗿𝗶𝗼:
The COVID-19 outbreak is anticipated to have a negative impact on the growth of the global electrotherapy market share as the pandemic has stressed healthcare systems across the globe. Huge number of clinics & hospitals across the globe were restructured to increase the hospital capacity for the COVID-19 patients. Most of the non-emergency and minor procedures got canceled or postponed during pandemic. Moreover, COVID-19 pandemic caused disruption in consultation for diseases such as orthopedic disorders & diabetes, and for chronic pain. Thu, this factor restrained the demand for electrotherapy procedures as well as their devices. In addition, disruption in supply chain of medical devices due to lockdown rules hindered the market growth. Moreover, decline in the number of consultations of geriatric population, as geriatric population was more susceptible to COVID-19 infection attributed to restrain the growth of electrotherapy market.

𝐁𝐮𝐲 𝐍𝐨𝐰 https://www.alliedmarketresearch.com/checkout-final/57bb1ccf01223dac4c6bb612b01896e9

On the basis of type, the market is classified into transcutaneous electrical nerve stimulation, therapeutic ultrasound, and others. Others segment include electrical muscle stimulation, therapeutic ultrasound and interferential current (IC) therapy. The transcutaneous electrical nerve stimulation segment dominated the market in 2021, and is expected to continue this trend during the electrotherapy market forecast period, owing to rise in prevalence of osteoarthritis & diabetes, increase in number of product launch & approvals related to electrotherapy.

By application, the market is classified into pain management, anxiety & insomnia management, sports medicine, and others. Pain management segment is divided into back pain and neck pain. Others segment include veterinary pain management, aesthetics, and face lifting & toning. The pain management segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to increase in prevalence of back & neck pain and technological advancement related to pain management in healthcare sector.

As per end user, the market is bifurcated into hospitals & clinics and rehabilitation centers. The hospitals & clinics segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to rise in number of hospitals, increase in expenditure by government to develop healthcare infrastructure, and rise in number of chronic diseases.

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 https://www.alliedmarketresearch.com/purchase-enquiry/15767

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘

Based on type, the transcutaneous electrical nerve stimulation segment was the highest contributor to the market in 2021.

As per application, the pain management segment dominated the market in 2021, and is expected to continue this trend during the forecast period.

By end user, the hospitals & clinics segment dominated the market in 2021, and is expected to continue this trend during the forecast period.

According to region, North America garnered the largest market share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

𝐎𝐮𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐏𝐫𝐨𝐯𝐢𝐝𝐞𝐬 𝐘𝐨𝐮 𝐀𝐧𝐬𝐰𝐞𝐫 𝐭𝐨 𝐁𝐞𝐥𝐨𝐰 𝐌𝐞𝐧𝐭𝐢𝐨𝐧𝐞𝐝 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
• How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
• Which region has more opportunities?

𝐀𝐛𝐨𝐮𝐭 𝐀𝐥𝐥𝐢𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Analytics LLP
+ +1 503-894-6022
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn