Market Overview:
The global electrotherapy system market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and technological advancements in electrotherapy devices. Based on type, the global electrotherapy system market is segmented into extracorporeal shock wave therapy (ESWT), magnetic field therapy (MFT), ultrasound therapy (UST), microcurrent therapy (MCT), interferential current therapy (IFCT), and others. ESWT is further sub-segmented into low-intensity ESWT and high-intensity ESWT. UST is further sub-segmented into therapeutic UST and diagnostic UST. MCT is further sub-segmented into galvanic current MCT and Faradic current MCT. IFCT is further sub-segmented into unipolar IFCT and bipolar IFCT. Others are classified as TENS, diathermy, phonophoresis, etc., which are used for various applications such as pain management, tissue repair & regeneration, musculoskeletal disorders treatment & prevention etc.
Product Definition:
Electrotherapy system is a device that uses electric current to treat medical conditions. It is used to stimulate nerves, muscles, and other tissues. The electric current can help reduce pain, inflammation, and muscle spasms.
Extracorporeal Shock Wave Therapy:
Extracorporeal shock wave therapy (ESWT) is a minimally invasive treatment for pain management that uses high-intensity focused ultrasound to stimulate the body's natural healing process. ESWT is used in cases of acute and chronic musculoskeletal injuries, osteoarthritis, rheumatoid arthritis, and soft tissue injuries. It also finds applications in orthopedic procedures such as joint replacement surgeries.
Magnetic Field Therapy:
Magnetic field therapy is a form of Magnetic Resonance Imaging (MRI) that uses magnetic fields to treat medical conditions. MRI contrast agents are used to help doctors view the affected areas of the body. The Magnetic Field Therapy market is in its Infancy stage and has huge scope for growth over the forecast period owing to increasing prevalence of Cardiovascular Diseases (CVDs), growing awareness about new technology, rising demand for non-invasive procedures, and increasing acceptance by patients & physicians.
Application Insights:
The chronic wound healing segment dominated the market in 2017 owing to the rising cases of burns and trauma across the globe. The increasing number of surgeries is also expected to contribute significantly towards segment growth. According to a study published in 2019 by NCBI, it was estimated that around 1% of population will suffer from a severe burn injury at some point during their lifetime. In addition, as per WHO, more than 60 million people annually suffer from non-fatal injuries due to burns or scalds due to hot water, steam or fire accidents across the world. This is anticipated to fuel demand for electrotherapy systems over the forecast period.
Electrotherapy has been found helpful in treating various neuromuscular disorders including myasthenia gravis.
Regional Analysis:
North America dominated the global market in 2017. The presence of key players, advanced healthcare infrastructure, and high adoption rate for technologically advanced devices are some of the factors contributing to its growth. Moreover, increasing government funding for R&D activities is also expected to propel the regional market over the forecast period. For instance, in 2016 U.S.
Asia Pacific is expected to be one of fastest growing regions due to rising disposable income.
Growth Factors:
- Increasing demand for minimally invasive surgeries: Electrotherapy system is finding increasing application in minimally invasive surgeries. This is because of the benefits offered by electrotherapy over traditional surgical methods such as reduced pain, blood loss and hospital stay.
- Growing popularity of non-invasive treatments: Electrotherapy is a non-invasive treatment and its popularity is growing due to the numerous benefits it offers over other treatment options. This is driving the growth of the electrotherapy system market.
- Technological advancements: The electrotherapy system market is witnessing rapid technological advancements, which are resulting in innovative products with better performance and features being launched in the market. This is fuelling the growth of this market significantly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrotherapy System Market Research Report
By Type
Extracorporeal Shock Wave Therapy, Magnetic Field Therapy, Ultrasound Therapy, Microcurrent Therapy, Interferential Current Therapy, Others, Electrotherapy Syste
By Application
Chronic Wound Healing, Neuromuscular Dysfunction, Pain Management, Tissue Repair, Musculoskeletal Disorder, Physical Therapy, Iontophoresis, Others
By Companies
Innovative Neuroologic Devices, Medtronic, DJO Global, CEFALY Technology (DW Healthcare), Excel Health, Abbott, Boston Scientific Corporation, Zynex, Uroplasty, NeuroMetrix, Nevro Corp, Zealmax Innovation, Cyber??onics, BTL Industries, EMS Physio, STYMCO Technologies, Omron Healthcare, EME Srl, PureCare, Phoenix Healthcare, Electrotherapy Syste
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Electrotherapy System Market Report Segments:
The global Electrotherapy System market is segmented on the basis of:
Types
Extracorporeal Shock Wave Therapy, Magnetic Field Therapy, Ultrasound Therapy, Microcurrent Therapy, Interferential Current Therapy, Others, Electrotherapy Syste
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chronic Wound Healing, Neuromuscular Dysfunction, Pain Management, Tissue Repair, Musculoskeletal Disorder, Physical Therapy, Iontophoresis, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Innovative Neuroologic Devices
- Medtronic
- DJO Global
- CEFALY Technology (DW Healthcare)
- Excel Health
- Abbott
- Boston Scientific Corporation
- Zynex
- Uroplasty
- NeuroMetrix
- Nevro Corp
- Zealmax Innovation
- Cyber??onics
- BTL Industries
- EMS Physio
- STYMCO Technologies
- Omron Healthcare
- EME Srl
- PureCare
- Phoenix Healthcare
- Electrotherapy Syste
Highlights of The Electrotherapy System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Extracorporeal Shock Wave Therapy
- Magnetic Field Therapy
- Ultrasound Therapy
- Microcurrent Therapy
- Interferential Current Therapy
- Others
- Electrotherapy Syste
- By Application:
- Chronic Wound Healing
- Neuromuscular Dysfunction
- Pain Management
- Tissue Repair
- Musculoskeletal Disorder
- Physical Therapy
- Iontophoresis
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electrotherapy System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electrotherapy system is a device that uses electricity to treat medical conditions. Electrotherapy treatments can be used to relieve pain, improve blood circulation, and reduce inflammation.
Some of the key players operating in the electrotherapy system market are Innovative Neuroologic Devices, Medtronic, DJO Global, CEFALY Technology (DW Healthcare), Excel Health, Abbott, Boston Scientific Corporation, Zynex, Uroplasty, NeuroMetrix, Nevro Corp, Zealmax Innovation, Cyber??onics, BTL Industries, EMS Physio, STYMCO Technologies, Omron Healthcare, EME Srl, PureCare, Phoenix Healthcare, Electrotherapy Syste.
The electrotherapy system market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electrotherapy System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electrotherapy System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electrotherapy System Market - Supply Chain
4.5. Global Electrotherapy System Market Forecast
4.5.1. Electrotherapy System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electrotherapy System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electrotherapy System Market Absolute $ Opportunity
5. Global Electrotherapy System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electrotherapy System Market Size and Volume Forecast by Type
5.3.1. Extracorporeal Shock Wave Therapy
5.3.2. Magnetic Field Therapy
5.3.3. Ultrasound Therapy
5.3.4. Microcurrent Therapy
5.3.5. Interferential Current Therapy
5.3.6. Others
5.3.7. Electrotherapy Syste
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electrotherapy System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electrotherapy System Market Size and Volume Forecast by Application
6.3.1. Chronic Wound Healing
6.3.2. Neuromuscular Dysfunction
6.3.3. Pain Management
6.3.4. Tissue Repair
6.3.5. Musculoskeletal Disorder
6.3.6. Physical Therapy
6.3.7. Iontophoresis
6.3.8. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electrotherapy System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electrotherapy System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electrotherapy System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electrotherapy System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electrotherapy System Demand Share Forecast, 2019-2026
9. North America Electrotherapy System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electrotherapy System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electrotherapy System Market Size and Volume Forecast by Application
9.4.1. Chronic Wound Healing
9.4.2. Neuromuscular Dysfunction
9.4.3. Pain Management
9.4.4. Tissue Repair
9.4.5. Musculoskeletal Disorder
9.4.6. Physical Therapy
9.4.7. Iontophoresis
9.4.8. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electrotherapy System Market Size and Volume Forecast by Type
9.7.1. Extracorporeal Shock Wave Therapy
9.7.2. Magnetic Field Therapy
9.7.3. Ultrasound Therapy
9.7.4. Microcurrent Therapy
9.7.5. Interferential Current Therapy
9.7.6. Others
9.7.7. Electrotherapy Syste
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electrotherapy System Demand Share Forecast, 2019-2026
10. Latin America Electrotherapy System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electrotherapy System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electrotherapy System Market Size and Volume Forecast by Application
10.4.1. Chronic Wound Healing
10.4.2. Neuromuscular Dysfunction
10.4.3. Pain Management
10.4.4. Tissue Repair
10.4.5. Musculoskeletal Disorder
10.4.6. Physical Therapy
10.4.7. Iontophoresis
10.4.8. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electrotherapy System Market Size and Volume Forecast by Type
10.7.1. Extracorporeal Shock Wave Therapy
10.7.2. Magnetic Field Therapy
10.7.3. Ultrasound Therapy
10.7.4. Microcurrent Therapy
10.7.5. Interferential Current Therapy
10.7.6. Others
10.7.7. Electrotherapy Syste
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electrotherapy System Demand Share Forecast, 2019-2026
11. Europe Electrotherapy System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electrotherapy System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electrotherapy System Market Size and Volume Forecast by Application
11.4.1. Chronic Wound Healing
11.4.2. Neuromuscular Dysfunction
11.4.3. Pain Management
11.4.4. Tissue Repair
11.4.5. Musculoskeletal Disorder
11.4.6. Physical Therapy
11.4.7. Iontophoresis
11.4.8. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electrotherapy System Market Size and Volume Forecast by Type
11.7.1. Extracorporeal Shock Wave Therapy
11.7.2. Magnetic Field Therapy
11.7.3. Ultrasound Therapy
11.7.4. Microcurrent Therapy
11.7.5. Interferential Current Therapy
11.7.6. Others
11.7.7. Electrotherapy Syste
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electrotherapy System Demand Share, 2019-2026
12. Asia Pacific Electrotherapy System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electrotherapy System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electrotherapy System Market Size and Volume Forecast by Application
12.4.1. Chronic Wound Healing
12.4.2. Neuromuscular Dysfunction
12.4.3. Pain Management
12.4.4. Tissue Repair
12.4.5. Musculoskeletal Disorder
12.4.6. Physical Therapy
12.4.7. Iontophoresis
12.4.8. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electrotherapy System Market Size and Volume Forecast by Type
12.7.1. Extracorporeal Shock Wave Therapy
12.7.2. Magnetic Field Therapy
12.7.3. Ultrasound Therapy
12.7.4. Microcurrent Therapy
12.7.5. Interferential Current Therapy
12.7.6. Others
12.7.7. Electrotherapy Syste
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electrotherapy System Demand Share, 2019-2026
13. Middle East & Africa Electrotherapy System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electrotherapy System Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electrotherapy System Market Size and Volume Forecast by Application
13.4.1. Chronic Wound Healing
13.4.2. Neuromuscular Dysfunction
13.4.3. Pain Management
13.4.4. Tissue Repair
13.4.5. Musculoskeletal Disorder
13.4.6. Physical Therapy
13.4.7. Iontophoresis
13.4.8. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electrotherapy System Market Size and Volume Forecast by Type
13.7.1. Extracorporeal Shock Wave Therapy
13.7.2. Magnetic Field Therapy
13.7.3. Ultrasound Therapy
13.7.4. Microcurrent Therapy
13.7.5. Interferential Current Therapy
13.7.6. Others
13.7.7. Electrotherapy Syste
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electrotherapy System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electrotherapy System Market: Market Share Analysis
14.2. Electrotherapy System Distributors and Customers
14.3. Electrotherapy System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Innovative Neuroologic Devices
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Medtronic
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. DJO Global
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. CEFALY Technology (DW Healthcare)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Excel Health
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Abbott
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Boston Scientific Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Zynex
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Uroplasty
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. NeuroMetrix
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nevro Corp
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Zealmax Innovation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Cyber??onics
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. BTL Industries
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. EMS Physio
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. STYMCO Technologies
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Omron Healthcare
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
