Market Overview:
The global electrotherapy market is expected to grow at a CAGR of 5.5% 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 market is segmented into extracorporeal shock wave therapy (ESWT), interferential therapy (IFT), magnetic field therapy (MFT), ultrasound therapy, transcutaneous electrical nerve stimulation (TENS) therapy, and others. IFT held the largest share of the global electrotherapy market in 2017 owing to its high efficacy in treating various chronic diseases such as pain management and orthopedics. Based on application, the global electrotherapy market is segmented into orthopedics, cardiology, urology, pain management Acute and Chronic Edema Others).
Product Definition:
Electrotherapy is the use of electrical current to stimulate tissue healing. It is used to reduce pain, inflammation and swelling.
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 chronic and acute musculoskeletal pain, including back and neck pain as well as knee osteoarthritis.
Interferential:
Interferential is a type of electric current that produces an alternating magnetic field. It can be used for the treatment of various disorders such as muscle spasm, pain, and arthritis. Interferential current helps in reducing or eliminating the symptoms by changing the electrical activity of brain and nervous system.
Application Insights:
The orthopedics segment dominated the market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to factors such as increasing geriatric population, which leads to an increase in musculoskeletal disorders. According to a study published by the CDC, it was found that nearly 1 of every 3 adults aged 65 years or above suffered from chronic pain in 2015. Thus, rising incidence of chronic diseases results in increased demand for effective treatment options such as electrotherapy devices for muscle relaxation and rehabilitation.
Electrotherapy has been proved beneficial for various other conditions including cardiology, pain management, urology & others owing to its ability to stimulate muscles and nerves without causing damage like electric shocks or burns like with TENS machines etc.
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 responsible for its large share. Moreover, increasing government funding and research activities to develop novel devices is also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising disposable income coupled with growing awareness about alternative treatment options in emerging countries such as China & India. Furthermore, increasing medical tourism due to affordable treatments offered by various electrotherapy centers will further boost this industry during the forecast period from 2018-2030 (Ref:Countries&Cities Magazine).
Moreover, supportive government policies that allow 100% FDI through Foreign Direct Investment (FDI) are attracting many international companies setting up manufacturing facilities in Asia Pacific region which will propel market growth over next eight years (till 2030).
Growth Factors:
- Increasing demand for non-invasive and painless treatment methods
- Growing awareness about the benefits of electrotherapy
- Rising number of people suffering from chronic pain conditions
- Technological advancements in electrotherapy devices and treatments
- Growing popularity of complementary and alternative medicine
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrotherapy Market Research Report
By Type
Extracorporeal Shock Wave Therapy, Interferential, Magnetic Field Therapy, Ultrasound Therapy, Transcutaneous Electrical Nerve Stimulation (TENS) Therapy, Others
By Application
Orthopedics, Cardiology, Urology, Pain Management, Acute and Chronic Edema, Others
By Companies
BTL, Eme srl, EMS Physio, Enraf-Nonius, MEDTRONIC, Omron Healthcare, Phoenix Healthcare, Pure Care, STYMCO Technologies, Walgreen
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Electrotherapy Market Report Segments:
The global Electrotherapy market is segmented on the basis of:
Types
Extracorporeal Shock Wave Therapy, Interferential, Magnetic Field Therapy, Ultrasound Therapy, Transcutaneous Electrical Nerve Stimulation (TENS) Therapy, Others
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
Orthopedics, Cardiology, Urology, Pain Management, Acute and Chronic Edema, 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:
- BTL
- Eme srl
- EMS Physio
- Enraf-Nonius
- MEDTRONIC
- Omron Healthcare
- Phoenix Healthcare
- Pure Care
- STYMCO Technologies
- Walgreen
Highlights of The Electrotherapy 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
- Interferential
- Magnetic Field Therapy
- Ultrasound Therapy
- Transcutaneous Electrical Nerve Stimulation (TENS) Therapy
- Others
- By Application:
- Orthopedics
- Cardiology
- Urology
- Pain Management
- Acute and Chronic Edema
- 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 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.
How you may use our products:
- Correctly Positioning New Products
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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?
Electrotherapy is the use of electrical currents to treat physical conditions.
Some of the major players in the electrotherapy market are BTL, Eme srl, EMS Physio, Enraf-Nonius, MEDTRONIC, Omron Healthcare, Phoenix Healthcare, Pure Care, STYMCO Technologies, Walgreen.
The electrotherapy market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electrotherapy Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electrotherapy Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electrotherapy Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electrotherapy Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electrotherapy Market Size & Forecast, 2020-2028
4.5.1 Electrotherapy Market Size and Y-o-Y Growth
4.5.2 Electrotherapy Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Extracorporeal Shock Wave Therapy
5.2.2 Interferential
5.2.3 Magnetic Field Therapy
5.2.4 Ultrasound Therapy
5.2.5 Transcutaneous Electrical Nerve Stimulation (TENS) Therapy
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Orthopedics
6.2.2 Cardiology
6.2.3 Urology
6.2.4 Pain Management
6.2.5 Acute and Chronic Edema
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electrotherapy Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electrotherapy Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Extracorporeal Shock Wave Therapy
9.6.2 Interferential
9.6.3 Magnetic Field Therapy
9.6.4 Ultrasound Therapy
9.6.5 Transcutaneous Electrical Nerve Stimulation (TENS) Therapy
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Orthopedics
9.10.2 Cardiology
9.10.3 Urology
9.10.4 Pain Management
9.10.5 Acute and Chronic Edema
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Extracorporeal Shock Wave Therapy
10.6.2 Interferential
10.6.3 Magnetic Field Therapy
10.6.4 Ultrasound Therapy
10.6.5 Transcutaneous Electrical Nerve Stimulation (TENS) Therapy
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Orthopedics
10.10.2 Cardiology
10.10.3 Urology
10.10.4 Pain Management
10.10.5 Acute and Chronic Edema
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Extracorporeal Shock Wave Therapy
11.6.2 Interferential
11.6.3 Magnetic Field Therapy
11.6.4 Ultrasound Therapy
11.6.5 Transcutaneous Electrical Nerve Stimulation (TENS) Therapy
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Orthopedics
11.10.2 Cardiology
11.10.3 Urology
11.10.4 Pain Management
11.10.5 Acute and Chronic Edema
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Extracorporeal Shock Wave Therapy
12.6.2 Interferential
12.6.3 Magnetic Field Therapy
12.6.4 Ultrasound Therapy
12.6.5 Transcutaneous Electrical Nerve Stimulation (TENS) Therapy
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Orthopedics
12.10.2 Cardiology
12.10.3 Urology
12.10.4 Pain Management
12.10.5 Acute and Chronic Edema
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Extracorporeal Shock Wave Therapy
13.6.2 Interferential
13.6.3 Magnetic Field Therapy
13.6.4 Ultrasound Therapy
13.6.5 Transcutaneous Electrical Nerve Stimulation (TENS) Therapy
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Orthopedics
13.10.2 Cardiology
13.10.3 Urology
13.10.4 Pain Management
13.10.5 Acute and Chronic Edema
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electrotherapy Market: Competitive Dashboard
14.2 Global Electrotherapy Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BTL
14.3.2 Eme srl
14.3.3 EMS Physio
14.3.4 Enraf-Nonius
14.3.5 MEDTRONIC
14.3.6 Omron Healthcare
14.3.7 Phoenix Healthcare
14.3.8 Pure Care
14.3.9 STYMCO Technologies
14.3.10 Walgreen
