Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Magnetic Therapy Devices Market by Type (Constant Energy Magnets, Pulsed Electro-Magnetic Field Energy), By Application (Hospitals, Homecare Settings, Specialty Clinics) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Magnetic Therapy Devices Market by Type (Constant Energy Magnets, Pulsed Electro-Magnetic Field Energy), By Application (Hospitals, Homecare Settings, Specialty Clinics) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 199839 3300 Medical Devices & Consumables 377 236 Pages 4.9 (48)
                                          

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.


Global Magnetic Therapy Devices Industry Outlook


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:

  1. Advanced Medical Systems (AMS)
  2. EMD Medical Technologies
  3. Iskra Medical
  4. BEMER
  5. Dolphin MPS
  6. Curatronic
  7. Swiss Bionic Solutions
  8. ORIN
  9. OMI

Global Magnetic Therapy Devices Market Overview


Highlights of The Magnetic Therapy Devices Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Constant Energy Magnets
    2. Pulsed Electro-Magnetic Field Energy
  1. By Application:

    1. Hospitals
    2. Homecare Settings
    3. Specialty Clinics
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Magnetic Therapy Devices Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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