Global Transcutaneous electrical nerve stimulation (TENS) Devices Market by Type (Portable, Desktop), By Application (Hospitals, Clinics, Other) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global transcutaneous electrical nerve stimulation (TENS) devices 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 pain, rising geriatric population, and technological advancements in TENS devices. Based on type, the global TENS devices market is segmented into portable and desktop TENS devices. The portable TENS device segment is expected to grow at a higher CAGR than the desktop TENS device segment during the forecast period from 2018 to 2030. This can be attributed to their easy portability and growing demand for home-based treatment options for chronic pain conditions. Based on application, the global TENS devices market is divided into hospitals, clinics, and other applications such as personal use or research purposes.



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Product Definition:

Transcutaneous electrical nerve stimulation (TENS) Devices are devices that send low-voltage electric currents through the skin to stimulate nerves and muscles. TENS Devices are often used to relieve pain, especially in cases where other treatments have not been effective.

Portable:

The global portable TENS devices market size was valued at USD 745.7 million in 2015 and is expected to grow at a CAGR of XX% over the forecast period. The factors that are driving the growth of this industry include increasing prevalence of arthritis, neurological disorders & cancer, growing geriatric population base, rising awareness about pain management therapies among patients and physicians as well as technological advancements in these products over the years.

Desktop:

The global desktop and it's usage in TENS devices market is expected to witness significant growth over the forecast period. The major factor that propels the growth of this market includes increasing prevalence of chronic pain disorders such as arthritis, headache, neck pain, etc. Moreover rising awareness about these devices also contributes towards the substantial increase in demand for desktop & it's usage in TENS device manufacturing.

Application Insights:

Based on application, the global market is segmented into hospitals, clinics and other. The clinics and other segment dominated the overall market in 2017 owing to increasing awareness about various benefits of TENS such as pain relief without medication or surgery. Furthermore, growing preference for transcutaneous electrical nerve stimulation devices due to their ease of use is also expected to drive growth over the forecast period.

The hospital segment is anticipated to witness significant growth during the forecast period due to rising prevalence of chronic pain disorders coupled with a high incidence rate of migraine among hospitalized patients globally. According these devices can reduce anxiety by providing effective treatment for migraines that are often undiagnosed in hospitals thus resulting in increased demand across all healthcare facilities worldwide.

Regional Analysis:

North America dominated the global market in 2017 owing to the presence of a large number of manufacturers and suppliers. The increasing prevalence of chronic pain, fibromyalgia, and other disorders is also expected to drive regional growth over the forecast period. Moreover, rising awareness about alternative treatment options for chronic pain management is anticipated to fuel demand during the forecast period.

The Asia Pacific region is expected to witness lucrative growth over the next eight years due to factors such as improving healthcare infrastructure in developing economies such as India and China; growing medical tourism industry; increasing disposable income levels among people; and rising incidence of neuropathic pain associated with diabetes & cancer among others. Increasing investments by governments in R&D activities are also contributing towards regional growth.

Growth Factors:

Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 5.1% from 2016 to 2020, owing to the increase in life expectancy and the growth in the number of people aged 65 years and above. This will result in an increase in demand for TENS devices as they are used for pain relief among elderly patients.
Rising prevalence of chronic pain: According to a study by The Lancet, chronic pain affects around one-third of the global population and costs more than 0 billion each year in terms of health care expenses and lost productivity. This high prevalence is expected to drive demand for TENS devices as they are effective methods for relieving chronic pain symptoms.
Technological advancements: The development of new TENS device models that offer features such as wireless connectivity, Bluetooth compatibility, and app integration is likely to boost market growth over the forecast period. Additionally, increasing R&D investments by manufacturers will lead to innovations in product design and functionality, which will further fuel market expansion.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Transcutaneous electrical nerve stimulation (TENS) Devices Market Research Report
By Type
Portable, Desktop
By Application
Hospitals, Clinics, Other
By Companies
Medtronic, Boston Scientific, Abbott, Cyberonics, DJO LLC., Nevro Corp., NeuroMetrix, Uroplasty, Cogentix Medical, NeuroPace, Medtronic
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 Transcutaneous electrical nerve stimulation (TENS) Devices Market Report Segments:
The global Transcutaneous electrical nerve stimulation (TENS) Devices market is segmented on the basis of:
Types
Portable, Desktop
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
Hospitals, Clinics, Other
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
Boston Scientific
Abbott
Cyberonics
DJO LLC.
Nevro Corp.
NeuroMetrix
Uroplasty
Cogentix Medical
NeuroPace
Medtronic



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Highlights of The Transcutaneous electrical nerve stimulation (TENS) Devices 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:
Portable
Desktop
By Application:
Hospitals
Clinics
Other
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 Transcutaneous electrical nerve stimulation (TENS) Devices 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
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



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

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