Electrotherapy Market Trends- Increasing Number of Product Approvals Across the Globe

Rising prevalence of sports injuries, chronic conditions, and spinal injuries worldwide, increasing overall healthcare expenditure, and technological advancements in electrotherapy systems are some key factors expected to drive global market growth

According to Emergen Research, the global electrotherapy market size was USD 950 million in 2020 and is expected to reach USD 1.30 billion in 2028 and register a steady CAGR of 3.9% during the forecast period, 2021-2028.

Market Dynamics:

Electrotherapy is the use of electric energy in medical treatment, especially for pain management. It includes various treatments that help to reduce pain, repair tissues, strengthen muscles, and improve pain management, thereby improving overall physical functioning. These systems usually consist of battery-powered devices that are connected to adhesive electrode pads through wires. A mild current is sent to the skin once the electrodes are attached and the device is turned on.

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Various types of advanced electrotherapy devices that can be worn on the back, arm, or legs are available in the market. Transcutaneous Spinal Electro analgesia (TSE), Interferential Current Therapy (IC), Pulsed Short Wave Diathermy (PSWD), Spinal Cord Stimulation (SCS), Percutaneous Electrical Nerve Stimulation (PENS), and others are some commonly used electrotherapies. Factors such as rising prevalence of chronic diseases such as diabetes, cardiovascular and neuromuscular diseases, and obesity, improving overall healthcare infrastructure, rapid advancements in interferential therapy, and ultrasound therapy are expected to drive global market revenue growth during the forecast period. However, lack of awareness of the benefits of electrotherapy and rehabilitation therapy services in many developing countries, unavailability of sufficient funds to deploy advanced systems, and availability of better treatment alternatives are some key factors that can hamper the overall market growth to a certain extent during the forecast period.

COVID-19 Impact Analysis

• Social distancing and restrictions severely disrupted businesses and operations
• Lockdowns caused disruptions in transportation and logistics
• Impacted manufacturing activities and mining operations globally
• Took a toll on economy of various countries
• Caused sudden and drastic downturn in economic activity
• Disrupted agriculture, fisheries, dairy, and other sectors
• Caused loss of employment and financial crisis
• Supply impacts were further compounded owing to reduced disposable income
• Emergence of variants continue to cause concerns and impact normal routines

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Rehabilitation Centers Segment To Register Robust Revenue Growth:

The rehabilitation centers segment is expected to register robust revenue CAGR over the forecast period. This can be attributed to increasing number of rehabilitation centers across the globe, rising prevalence of sports injuries, acute and chronic edema, iontophoresis, and neuromuscular dysfunction, and growing adoption of latest electrotherapy systems.

Sports Injury Segment to Account for Significantly Larger Revenue Share:

The sports injury segment is expected to account for significantly larger revenue share between 2021 and 2028 owing to factors such as increasing prevalence of sports injuries worldwide, growing demand for electrotherapy systems for nerve pain management, and chronic pain due to sports, and rapid advancements in electrotherapy devices.

North America to Lead In Terms of Revenue Share:

North America is expected to account for largest revenue share in the global market during the forecast period owing to presence of well-developed healthcare infrastructure, rapid adoption of advanced techniques, and increasing prevalence of sports injuries, acute and chronic edema across the region. In addition, rising cases of obesity and diabetes, growing adoption of electrotherapy systems among athletes and geriatric population, and increasing investments in research and development activities are expected to drive North America market growth during the forecast period.

Major Companies in the Market Include:

• Medtronic Plc.
• AliMed, Inc.
• St. Jude Medical Inc.
• Cogentix Medical, Inc.
• Zynex Medical
• NeuroMetrix Inc.
• DJO Global Inc.
• Cyberonics Inc.
• Nevro Corp.
• Boston Scientific Corp.

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Segments Covered in Electrotherapy report

For the purpose of this report, Emergen Research has segmented the global electrotherapy market based on treatment type, application, end-use, and region:

Treatment Type Outlook (Revenue: USD Billion; 2018–2028)

• Transcutaneous Spinal Electro analgesia (TSE)
• Interferential Current Therapy (IC)
• Pulsed Short Wave Diathermy (PSWD)
• Transcutaneous Electrical Nerve Stimulation (TENS)
• Spinal Cord Stimulation (SCS)
• Electro-Acupuncture (EA)
• Percutaneous Electrical Nerve Stimulation (PENS)
• Others

Application Outlook (Revenue: USD Billion; 2018–2028)

• Sports Injury
• Neuromuscular Dysfunction
• Tissue Repair
• Urine and Fecal Incontinence
• Iontophoresis
• Pain Management
• Acute and Chronic Edema

End-Use Outlook (Revenue: USD Billion; 2018–2028)

• Rehabilitation Centers
• Long-term Care Centers
• Clinics
• Hospitals
• Others

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Regional Outlook (Revenue, USD Billion; 2018–2028)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • U.K.
  • BENELUX
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East & Africa
  • Saudi Arabia
  • U.A.E.
  • South Africa
  • Turkey
  • Rest of MEA

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