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 revenue CAGR of 3.9% during the forecast period, 2021-2028.
Emergen Research has published its latest report titled “Electrotherapy Market, By Treatment Type (Transcutaneous Spinal Electro Analgesia, Interferential Current Therapy, Pulsed Short Wave Diathermy, Transcutaneous Electrical Nerve Stimulation, Spinal Cord Stimulation, Electro-Acupuncture, Percutaneous Electrical Nerve Stimulation, Others), By Application (Sports Injury, Neuromuscular Dysfunction, Tissue Repair, Urine and Fecal Incontinence, Iontophoresis, Pain Management, Acute and Chronic Edema), By End-use (Hospitals, Clinics, Rehabilitation Centers, Long-term Care Centers, Others), and By Region, Forecast to 2028”
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 revenue CAGR of 3.9% during the forecast period, 2021-2028.
Market Dynamics:
The global electrotherapy market revenue growth is primarily attributed by factors such as growing geriatric population across the globe, rising prevalence of chronic diseases including diabetes, obesity, and chronic cardiovascular and neuromuscular disorders, increasing patient pool, and continuous technological advances in electrotherapy systems. Some of the other key factors driving the global market revenue growth are increasing incidences of sports injuries and neuromuscular dysfunction, rising awareness of the adverse side-effects of painkilling drugs, increasing adoption of advanced electrotherapy solutions to treat chronic and acute nerve pain, and growing demand for non-invasive or painless therapies for chronic and acute pain management.
Electrotherapy is a painless or non-invasive treatment that stimulates nerves and muscles using electric currents. Electrotherapy devices are typically battery-powered devices attached to adhesive electrode pads by wires. Low-intensity electric currents are passed through these electrode pads placed on the affected area. This therapy is generally accepted as a pain management treatment as it is non-invasive, highly effective, and very safe. Key applications of electrotherapy include chronic and nerve pain management, motion restoration, blood circulation enhancement, muscle strength and sensation enhancement, and treatment of certain musculoskeletal conditions. Advanced electrotherapy processes include Transcutaneous Electrical Nerve Stimulation (TENS), Transcutaneous Spinal Electro Analgesia (TSE), Spinal Cord Stimulation (SCS), and Percutaneous Electrical Nerve Stimulation (PENS).
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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
Spinal Cord Stimulation (SCS) Segment Accounted for Largest Revenue Share in 2020:
Based on treatment type, the global electrotherapy market is segmented into 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), and others. The spinal cord stimulation segment accounted the largest revenue share in the global market in 2020, owing to factors such as rising incidences of spinal cord injuries, growing prevalence of musculoskeletal disorders, and increasing preference for non-invasive therapies for nerve pain management.
Pain Management Segment to Account for Fastest Revenue CAGR:
Based on application, the global electrotherapy market is segmented into sports injury, neuromuscular dysfunction, tissue repair, urine and fecal incontinence, iontophoresis, pain management, and acute and chronic edema. The pain management segment is expected to register the fastest revenue growth rate in the global market over the forecast period. Rise in global geriatric population, growing prevalence of chronic and nerve pain, and increasing use of advanced electrotherapy systems in pain management are major factors boosting revenue growth of this segment.
North America Accounted for Largest Revenue Share in 2020:
Among regional markets, the North America electrotherapy market accounted for largest revenue share in the global market in 2020. Steady revenue growth of the regional market is supported by increasing cases of sports injuries, neuromuscular dysfunction, urine and fecal incontinence, and acute and chronic edema, and rapid adoption of highly advanced electrotherapy systems for pain management. Presence of state-of-the-art healthcare infrastructure and leading companies manufacturing electrotherapy units in the region, such as Boston Scientific Corporation, NeuroMetrix Inc., and St. Jude Medical, Inc., is another key driver for the North America market growth.
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Major Companies in the Global Electrotherapy 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 Corporation
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)
- Hospitals
- Clinics
- Rehabilitation Centers
- Long-term Care Centers
- Others
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Region Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
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