Market Overview:
The global magnetic therapy devices 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 growing demand for non-invasive treatment options. Magnetic therapy devices are used for the treatment of various chronic diseases such as arthritis, back pain, and carpal tunnel syndrome. These devices are also used for pain relief and improve blood circulation.
Product Definition:
Magnetic therapy is a form of alternative medicine that uses magnets to treat various medical conditions. Magnetic therapy devices are placed on or near the skin, and they are said to improve blood flow, relieve pain, and promote healing. There is little scientific evidence to support these claims, however, and more research is needed to determine the safety and efficacy of magnetic therapy.
Constant Energy Magnets:
Constant energy magnets are devices that generate magnetic fields with constant intensities. They are used in Magnetic Resonance Therapy (MRT) for the treatment of various diseases and disorders. Constant energy magnets can be used as a substitute or alternative to electrical stimulation for inducing MRT, depending on the design of the device and manufacturer’s claims.
The global Constant Energy Magnets, it's usage.
Pulsed Electro-Magnetic Field Energy:
Pulsed Electro-Magnetic Field Energy (PEMF) is a type of Magnetic Therapy which utilizes magnetic fields generated by electric current in water or air. PEMF therapy devices are used for the treatment of various diseases such as arthritis, pain management, cancer and neurological disorders. The mechanism of action for PEMF therapy is not fully understood but it has been found that these therapies may enhance the body's immune system response to certain disease causing microorganisms.
Application Insights:
The market is segmented by application into hospitals, homecare settings and specialty clinics. The hospitals segment dominated the market in 2017 owing to the growing prevalence of chronic diseases such as cancer, cardiovascular diseases and respiratory disorders. In addition, increasing government funding for research in this sector is expected to boost growth over the forecast period.
The homecare setting segment is anticipated to witness significant growth over the forecast period due to an increase in patients suffering from acute injuries or trauma at a domestic level. Increasing cases of road accidents are also driving demand for these devices at a domestic level across various countries worldwide (e.g., U.S., China). However, there are no approved guidelines on using magnetic therapy devices at home for treatment purposes; consumers should seek medical advice before undertaking any magnetic therapy treatments at home themselves (Magnetic Therapy Association of America 2015).
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 devices. Moreover, high adoption rate of advanced medical technologies in this region is also one among the factors responsible for maintaining its position during forecast years.
Asia Pacific is anticipated to witness lucrative growth over the next eight years owing to rising disposable income, improving healthcare infrastructure, and growing patient awareness about available treatment options in this region. Increasing cases of cancer are also expected drive regional growth during 2018-2030 period as many clinical studies have been conducted on these tumors using constant energy magnets here (CEMs).
Growth Factors:
- Increasing demand for pain relief therapies
- Rising prevalence of chronic diseases
- Growing geriatric population
- Technological advancements in magnetic therapy devices
- increasing awareness about the benefits of magnetic therapy
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetic Therapy Devices Market Research Report
By Type
Constant Energy Magnets, Pulsed Electro-Magnetic Field Energy
By Application
Hospitals, Homecare Settings, Specialty Clinics
By Companies
Advanced Medical Systems (AMS), EMD Medical Technologies, Iskra Medical, BEMER, Dolphin MPS, Curatronic, Swiss Bionic Solutions, ORIN, OMI
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Magnetic Therapy Devices Market Report Segments:
The global Magnetic Therapy Devices market is segmented on the basis of:
Types
Constant Energy Magnets, Pulsed Electro-Magnetic Field Energy
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, Homecare Settings, Specialty Clinics
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:
- Advanced Medical Systems (AMS)
- EMD Medical Technologies
- Iskra Medical
- BEMER
- Dolphin MPS
- Curatronic
- Swiss Bionic Solutions
- ORIN
- OMI
Highlights of The Magnetic Therapy 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:
- Constant Energy Magnets
- Pulsed Electro-Magnetic Field Energy
- By Application:
- Hospitals
- Homecare Settings
- Specialty Clinics
- 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 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
Frequently Asked Questions?
Magnetic therapy devices are medical devices that use magnets to treat various conditions. These devices can be used on the skin, in the nose, or in the ears. They are often used to treat pain, inflammation, and other symptoms.
Some of the key players operating in the magnetic therapy devices market are Advanced Medical Systems (AMS), EMD Medical Technologies, Iskra Medical, BEMER, Dolphin MPS, Curatronic, Swiss Bionic Solutions, ORIN, OMI.
The magnetic therapy devices market is expected to grow at a compound annual growth rate of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Magnetic Therapy Devices 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. Magnetic Therapy Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Magnetic Therapy Devices Market - Supply Chain
4.5. Global Magnetic Therapy Devices Market Forecast
4.5.1. Magnetic Therapy Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Magnetic Therapy Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Magnetic Therapy Devices Market Absolute $ Opportunity
5. Global Magnetic Therapy Devices 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. Magnetic Therapy Devices Market Size and Volume Forecast by Type
5.3.1. Constant Energy Magnets
5.3.2. Pulsed Electro-Magnetic Field Energy
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Magnetic Therapy Devices 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. Magnetic Therapy Devices Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Homecare Settings
6.3.3. Specialty Clinics
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Magnetic Therapy Devices 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. Magnetic Therapy Devices 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 Magnetic Therapy Devices 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. Magnetic Therapy Devices 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 Magnetic Therapy Devices Demand Share Forecast, 2019-2026
9. North America Magnetic Therapy Devices 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 Magnetic Therapy Devices 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 Magnetic Therapy Devices Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Homecare Settings
9.4.3. Specialty Clinics
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Magnetic Therapy Devices Market Size and Volume Forecast by Type
9.7.1. Constant Energy Magnets
9.7.2. Pulsed Electro-Magnetic Field Energy
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 Magnetic Therapy Devices Demand Share Forecast, 2019-2026
10. Latin America Magnetic Therapy Devices 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 Magnetic Therapy Devices 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 Magnetic Therapy Devices Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Homecare Settings
10.4.3. Specialty Clinics
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Magnetic Therapy Devices Market Size and Volume Forecast by Type
10.7.1. Constant Energy Magnets
10.7.2. Pulsed Electro-Magnetic Field Energy
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 Magnetic Therapy Devices Demand Share Forecast, 2019-2026
11. Europe Magnetic Therapy Devices 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 Magnetic Therapy Devices 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 Magnetic Therapy Devices Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Homecare Settings
11.4.3. Specialty Clinics
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Magnetic Therapy Devices Market Size and Volume Forecast by Type
11.7.1. Constant Energy Magnets
11.7.2. Pulsed Electro-Magnetic Field Energy
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 Magnetic Therapy Devices Demand Share, 2019-2026
12. Asia Pacific Magnetic Therapy Devices 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 Magnetic Therapy Devices 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 Magnetic Therapy Devices Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Homecare Settings
12.4.3. Specialty Clinics
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Magnetic Therapy Devices Market Size and Volume Forecast by Type
12.7.1. Constant Energy Magnets
12.7.2. Pulsed Electro-Magnetic Field Energy
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 Magnetic Therapy Devices Demand Share, 2019-2026
13. Middle East & Africa Magnetic Therapy Devices 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 Magnetic Therapy Devices 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 Magnetic Therapy Devices Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Homecare Settings
13.4.3. Specialty Clinics
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Magnetic Therapy Devices Market Size and Volume Forecast by Type
13.7.1. Constant Energy Magnets
13.7.2. Pulsed Electro-Magnetic Field Energy
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 Magnetic Therapy Devices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Magnetic Therapy Devices Market: Market Share Analysis
14.2. Magnetic Therapy Devices Distributors and Customers
14.3. Magnetic Therapy Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Advanced Medical Systems (AMS)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. EMD Medical Technologies
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Iskra Medical
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BEMER
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Dolphin MPS
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Curatronic
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Swiss Bionic Solutions
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ORIN
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. OMI
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook