Market Overview:
The global high potential therapeutic apparatus market is expected to grow at a CAGR of 7.5% 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 growing demand for home-based healthcare services. Based on type, the global high potential therapeutic apparatus market is segmented into multifunctional high potential therapeutic apparatus and other types. The multifunctional high potential therapeutic apparatus segment is expected to account for the majority share of the global market in 2018. This segment is projected to grow at a CAGR of 8% during the forecast period from 2018 to 2030. This growth can be attributed to its ability to provide multiple benefits such as pain relief, improved blood circulation, and reduced stress levels in users. Based on application, the global high potential therapeutic apparatus market is divided into home using and commercial using segments.
Product Definition:
The term "High Potential Therapeutic Apparatus" refers to any device used to apply electrical current to the body for therapeutic purposes. The use of high potential therapy is important because it can help improve blood circulation, relieve pain, and promote healing.
Multifunctional High Potential Therapeutic Apparatus:
Multifunctional high potential therapeutic apparatus market size was estimated at USD 3.6 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period.
Other:
Other is a generic term used in the healthcare industry for any medical device or equipment that is not covered under a U.S. Federal Medical Device Regulation (FMDR) and does not fall within the purview of other regulatory authorities such as FDA, CE, etc. Other includes surgical/diagnostic devices; monitoring devices; therapeutic & prophylactic equipment; diagnostic kits & reagents; drug delivery systems and accessories (such as tubing sets, connectors); among others.
Application Insights:
The home using segment held the largest share of more than 60.0% in 2017. This is attributed to the increasing use of multifunctional high-potential therapeutic apparatus at home by consumers as well as healthcare professionals due to its ease of use and convenience. Moreover, technological advancements in equipment such as smartphone apps that can be used for remote monitoring are further expected to propel the growth over the forecast period.
Commercial using comprises hospitals and clinics, where these devices are used for diagnostic or surgical procedures by a medical professional or under their supervision. Technological advancements coupled with rising demand for minimally invasive procedures have led to an increase in demand at commercial locations, which is anticipated to boost product sales over the forecast period particularly across Europe and Asia Pacific regions where there is a significant adoption rate among surgeons thus contributing towards revenue generation globally.
Regional Analysis:
North America dominated the global high potential therapeutic apparatus market in 2017. This is due to the increasing geriatric population, which requires advanced medical devices for treatment and care. Moreover, favorable reimbursement policies are also expected to drive the regional demand over the forecast period. Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising healthcare expenditure by governments and private sectors in order to improve public health infrastructure and patient care standards across various countries such as China, India, Japan & Australia.
Moreover low manufacturing cost of these products along with easy availability of raw materials such as gold in these regions has attracted many foreign manufacturers who set up their production facilities here thus creating more jobs for skilled labor force over last few years (2014-2016).
Growth Factors:
- Increasing prevalence of chronic diseases: The global prevalence of chronic diseases is increasing at an alarming rate. This is primarily because of the changing lifestyles and dietary habits of people across the world. According to a study by the World Health Organization (WHO), chronic diseases account for 60% to 70% of all deaths worldwide. This number is expected to increase in the coming years due to the aging population and rising rates of obesity and diabetes. This will create a large demand for high potential therapeutic apparatus, which can help in managing these conditions effectively.
- Technological advancements: The field of medical technology is constantly evolving, with new technologies being developed every day that can help improve patient care outcomes. For example, recent advances in minimally invasive surgery have made it possible to perform complex procedures using small incisions, which leads to less pain and faster recovery times for patients. These technological advancements are also being applied to high potential therapeutic apparatus, resulting in better quality products that are easier to use and more effective at treating various conditions.
Scope Of The Report
Report Attributes
Report Details
Report Title
High Potential Therapeutic Apparatus Market Research Report
By Type
Multifunctional High Potential Therapeutic Apparatus, Other
By Application
Home Using, Commercial Using
By Companies
Medtronic, Abbott Laboratories, Omron, Roche, Panasonic, Siemens, MAIKONG Industry Co., Altered States, HNC, SSCH
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global High Potential Therapeutic Apparatus Market Report Segments:
The global High Potential Therapeutic Apparatus market is segmented on the basis of:
Types
Multifunctional High Potential Therapeutic Apparatus, Other
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
Home Using, Commercial Using
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:
- Medtronic
- Abbott Laboratories
- Omron
- Roche
- Panasonic
- Siemens
- MAIKONG Industry Co.
- Altered States
- HNC
- SSCH
Highlights of The High Potential Therapeutic Apparatus 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:
- Multifunctional High Potential Therapeutic Apparatus
- Other
- By Application:
- Home Using
- Commercial Using
- 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 High Potential Therapeutic Apparatus 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?
High potential therapeutic apparatus refers to any medical device or equipment that has the potential to improve patient care. This includes devices that are still in development, but have the potential to be more effective and safer than currently available treatments.
Some of the major companies in the high potential therapeutic apparatus market are Medtronic, Abbott Laboratories, Omron, Roche, Panasonic, Siemens, MAIKONG Industry Co., Altered States, HNC, SSCH.
The high potential therapeutic apparatus market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Potential Therapeutic Apparatus 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 High Potential Therapeutic Apparatus Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Potential Therapeutic Apparatus 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 High Potential Therapeutic Apparatus 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 High Potential Therapeutic Apparatus Market Size & Forecast, 2020-2028
4.5.1 High Potential Therapeutic Apparatus Market Size and Y-o-Y Growth
4.5.2 High Potential Therapeutic Apparatus 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 Multifunctional High Potential Therapeutic Apparatus
5.2.2 Other
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 Home Using
6.2.2 Commercial Using
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Potential Therapeutic Apparatus 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 High Potential Therapeutic Apparatus 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 Multifunctional High Potential Therapeutic Apparatus
9.6.2 Other
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 Home Using
9.10.2 Commercial Using
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 Multifunctional High Potential Therapeutic Apparatus
10.6.2 Other
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 Home Using
10.10.2 Commercial Using
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 Multifunctional High Potential Therapeutic Apparatus
11.6.2 Other
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 Home Using
11.10.2 Commercial Using
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 Multifunctional High Potential Therapeutic Apparatus
12.6.2 Other
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 Home Using
12.10.2 Commercial Using
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 Multifunctional High Potential Therapeutic Apparatus
13.6.2 Other
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 Home Using
13.10.2 Commercial Using
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 High Potential Therapeutic Apparatus Market: Competitive Dashboard
14.2 Global High Potential Therapeutic Apparatus Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Abbott Laboratories
14.3.3 Omron
14.3.4 Roche
14.3.5 Panasonic
14.3.6 Siemens
14.3.7 MAIKONG Industry Co.
14.3.8 Altered States
14.3.9 HNC
14.3.10 SSCH
