Market Overview:
The global magnetic therapy instrument 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 awareness about the benefits of magnetic therapy, and technological advancements in magnetic therapy instruments. Based on type, the global magnetic therapy instrument market is segmented into magnetostatic therapy and dynamic magnetic therapy. Magnetostatic therapies are static magnets that use a constant or unchanging field, while dynamic therapies use electromagnets that create pulsating or alternating fields. Based on application, the global market is segmented into homecare, hospital and clinic settings, and laboratory settings. Geographically, it is divided into North America (U.S., Canada), Latin America (Mexico), Europe (Germany France Italy Spain U.K.), Asia Pacific (China Japan India South Korea Australia New Zealand) Middle East & Africa (GCC Countries Turkey Nigeria South Africa).
Product Definition:
Magnetic therapy is the use of magnets to treat various medical conditions. Magnets may be placed directly on the skin (transcutaneous) or near the area of pain or dysfunction (interventional). Magnets may also be worn as a bracelet, necklace, or shoe insert.
Magnetostatic Therapy:
Magnetostatic therapy is a form of Magnetic Resonance Therapy (MRT), which uses magnetic fields for the treatment of various diseases. MRT utilizes magnetic fields generated by MR scanners to determine the levels of certain chemicals in the body, which are then altered to alter disease processes.
The global Magnetostatic Therapy, it's usage and growth factor in Magnetic Therapy Instrument market size was valued at USD 1.6 billion in 2015.
Dynamic Magnetic Therapy:
Dynamic Magnetic Therapy (DMT) is a new term used for magnetic therapy instrument that uses electromagnetic field to treat various diseases and health conditions. DMT instruments are portable, can be used in homecare settings and hospitals, have low risk of side effects as compared to drugs.
The global dynamic magnetic therapy instrument market was valued at USD 685 million in 2014.
Application Insights:
The market is segmented by application into homecare, hospital and clinic, and laboratory. The homecare segment dominated the overall industry in terms of revenue in 2017. This can be attributed to growing awareness about the benefits of magnetic therapy for general health as well as for treatment of various diseases. Furthermore, an increase in disposable income levels coupled with a rise in the number of elderly people has contributed to this growth significantly over the past few years. According to data published by WHO, it is estimated that around 1 billion people or more than 10% population across the globe are affected with chronic diseases including cardiovascular disorders (CVDs), cancer cases, diabetes mellitus type 2 (DM2), asthma/ COPD etc., which are associated with low immunity against disease causing bacteria or viruses.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of patients suffering from cancer and other chronic diseases. The region is expected to maintain its dominance over the forecast period due to increasing R&D investments by various companies for development of advanced magnetic therapy products. Moreover, growing adoption by physicians for treatment of various disorders is also expected to drive growth during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the next eight years owing with rapid increase in geriatric population and prevalence of chronic diseases such as cancer, cardiovascular disease (CVD), diabetes, arthritis & rheumatism that are highly susceptible to magnetic fields. In addition, rising healthcare expenditure coupled with improving healthcare infrastructure will further boost regional demand during the estimated time span 8– 2030). Furthermore, increasing awareness among people about benefits associated with magnetotherapy will propel market demand in near future 8).
Growth Factors:
- Increasing demand for pain relief therapies
- Rising prevalence of chronic diseases
- Growing awareness about the benefits of magnetic therapy instruments
- Technological advancements in magnetic therapy instrument design and functionality
- Increasing number of research studies supporting the use of magnetic therapy instruments
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetic Therapy Instrument Market Research Report
By Type
Magnetostatic Therapy, Dynamic Magnetic Therapy
By Application
Homecare, Hospital and Clinic, Laboratory
By Companies
EMD Medical Technologies, Iskra Medical, Curatronic Ltd., Swiss Bionic Solutions Holding GmbH, BEMER
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
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Magnetic Therapy Instrument Market Report Segments:
The global Magnetic Therapy Instrument market is segmented on the basis of:
Types
Magnetostatic Therapy, Dynamic Magnetic Therapy
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
Homecare, Hospital and Clinic, Laboratory
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:
- EMD Medical Technologies
- Iskra Medical
- Curatronic Ltd.
- Swiss Bionic Solutions Holding GmbH
- BEMER
Highlights of The Magnetic Therapy Instrument 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:
- Magnetostatic Therapy
- Dynamic Magnetic Therapy
- By Application:
- Homecare
- Hospital and Clinic
- Laboratory
- 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 Magnetic Therapy Instrument 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?
Magnetic therapy instrument is a medical device that uses magnets to treat various conditions. It is often used to reduce pain, inflammation, and swelling.
Some of the major players in the magnetic therapy instrument market are EMD Medical Technologies, Iskra Medical, Curatronic Ltd., Swiss Bionic Solutions Holding GmbH, BEMER.
The magnetic therapy instrument market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Magnetic Therapy Instrument 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 Magnetic Therapy Instrument Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Magnetic Therapy Instrument 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 Magnetic Therapy Instrument 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 Magnetic Therapy Instrument Market Size & Forecast, 2018-2028
4.5.1 Magnetic Therapy Instrument Market Size and Y-o-Y Growth
4.5.2 Magnetic Therapy Instrument Market Absolute $ Opportunity
Chapter 5 Global Magnetic Therapy Instrument 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 Magnetic Therapy Instrument Market Size Forecast by Type
5.2.1 Magnetostatic Therapy
5.2.2 Dynamic Magnetic Therapy
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Magnetic Therapy Instrument 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 Magnetic Therapy Instrument Market Size Forecast by Applications
6.2.1 Homecare
6.2.2 Hospital and Clinic
6.2.3 Laboratory
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Magnetic Therapy Instrument 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 Magnetic Therapy Instrument 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 Magnetic Therapy Instrument Analysis and Forecast
9.1 Introduction
9.2 North America Magnetic Therapy Instrument 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 Magnetic Therapy Instrument Market Size Forecast by Type
9.6.1 Magnetostatic Therapy
9.6.2 Dynamic Magnetic Therapy
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 Magnetic Therapy Instrument Market Size Forecast by Applications
9.10.1 Homecare
9.10.2 Hospital and Clinic
9.10.3 Laboratory
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 Magnetic Therapy Instrument Analysis and Forecast
10.1 Introduction
10.2 Europe Magnetic Therapy Instrument 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 Magnetic Therapy Instrument Market Size Forecast by Type
10.6.1 Magnetostatic Therapy
10.6.2 Dynamic Magnetic Therapy
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 Magnetic Therapy Instrument Market Size Forecast by Applications
10.10.1 Homecare
10.10.2 Hospital and Clinic
10.10.3 Laboratory
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 Magnetic Therapy Instrument Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Magnetic Therapy Instrument 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 Magnetic Therapy Instrument Market Size Forecast by Type
11.6.1 Magnetostatic Therapy
11.6.2 Dynamic Magnetic Therapy
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 Magnetic Therapy Instrument Market Size Forecast by Applications
11.10.1 Homecare
11.10.2 Hospital and Clinic
11.10.3 Laboratory
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 Magnetic Therapy Instrument Analysis and Forecast
12.1 Introduction
12.2 Latin America Magnetic Therapy Instrument 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 Magnetic Therapy Instrument Market Size Forecast by Type
12.6.1 Magnetostatic Therapy
12.6.2 Dynamic Magnetic Therapy
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 Magnetic Therapy Instrument Market Size Forecast by Applications
12.10.1 Homecare
12.10.2 Hospital and Clinic
12.10.3 Laboratory
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) Magnetic Therapy Instrument Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Magnetic Therapy Instrument 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) Magnetic Therapy Instrument Market Size Forecast by Type
13.6.1 Magnetostatic Therapy
13.6.2 Dynamic Magnetic Therapy
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) Magnetic Therapy Instrument Market Size Forecast by Applications
13.10.1 Homecare
13.10.2 Hospital and Clinic
13.10.3 Laboratory
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 Magnetic Therapy Instrument Market: Competitive Dashboard
14.2 Global Magnetic Therapy Instrument Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 EMD Medical Technologies
14.3.2 Iskra Medical
14.3.3 Curatronic Ltd.
14.3.4 Swiss Bionic Solutions Holding GmbH
14.3.5 BEMER
