Electrotherapy Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Electrotherapy Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The electrotherapy devices market is expected to register a CAGR of more than 4.2% during the forecast period.

At the beginning of the COVID-19 pandemic, the studied market was hampered due to strict restrictions on travel and transport. Due to this, the supply chain was disrupted. The lockdowns imposed were followed by the cancellation of medical procedures. This resulted in delays in electrotherapy procedures. However, owing to the increase in back pain and musculoskeletal diseases, the demand for electrotherapy devices increased during the pandemic. The research article “Long COVID’s Impact on Central Sensitization and Chronic Pain” published in January 2022, stated that patients who dealt with mental health issues during the pandemic faced worsening pain symptoms. The researchers of the above-mentioned study suggested cranial electrotherapy stimulation to facilitate such issues. This argues for a considerable adoption of electrotherapy during the pandemic. Therefore, the COVID-19 pandemic has significantly impacted the studied market.

Factors such as increasing spinal injuries, back pain, and sports injuries are primary drivers of the studied market.

Doctors utilize electrotherapy to treat neurological, muscular, or muscle-nerve diseases that cause pain. Individual differences in pain include intense pain, shocking pain, and pain that worsens with movement. Electrotherapy can be beneficial in people who experience severe sensitivity, numbness, or weakness in back muscles. According to the World Health Organization (WHO) data updated in July 2022, low back pain is the primary cause of disability in 160 different countries and musculoskeletal diseases (MSD) are the main cause of disability, that affected 1.71 billion people globally in 2021. Thus, the burden of MSD globally is expected to drive demand for electrotherapy, contributing to the overall market growth.

Furthermore, there is a trend in increasing sports specialization among young athletes. This increasing trend may increase the burden of injuries among the target population. According to the article “Specialization and Injury Risk in Different Youth Sports: A Bio-Emotional Social Approach” published in March 2022, the prevalence of sport specialization among youth athletes was 17% to 41% in 2021 and the trend is increasing globally. Additionally, as per the source above, increasing sports specialization or activities can increase the risk of sports-related injuries. As electrotherapies such as transcutaneous electrical nerve stimulation (TENS) is generally used to treat neck and back pain, arthritic conditions, and injuries of the deep and soft tissues caused by sports, the increase in sports injuries are predicted to generate demand for TENS. This is further anticipated to fuel the overall, market growth.

Therefore, due to the factors mentioned above, the studied market is anticipated to witness growth during the forecast period. However, the lack of awareness of the treatment is predicted to hinder market growth.

Key Market TrendsHigh Frequency Segment is Dominating the Electrotherapy Devices Market

According to medical terminology, neurological disorders are conditions that affect the spinal cord, brain, and body's nerves. The demand for nerve stimulation is increasing with the increasing number of cases of neurological diseases. especially in the use of electrotherapy devices. Hence, it is expected to fuel the segment's growth over the analysis period.

An increase in the number of patients suffering from central nervous system (CNS) disorders is likely to be the key factor contributing to the growth of the segment in the studied market. As per Alzheimer's Disease Facts and Figures 2022, published by the Alzheimer's Association, Alzheimer's is more prevalent among people above 65 years of age. Furthermore, the data updated by the WHO in September 2021 shows that globally, 50 million people suffered from dementia in 2020, of which 60% lived in low and middle-income countries. Additionally, the WHO data also reported that the number would reach 82 million by 2030. Additionally, Atlas of MS data updated in September 2020 shows that 2.8 million people live with multiple sclerosis worldwide and 10 million with Parkinson's disease, as per the Parkinson's Foundation. This increasing burden of nervous system disorders are anticipated to drive the demand for electrotherapy. Thereby, driving the segment’s growth globally.

Moreover, neurologic spinal cord injury impacts almost all physiologic systems, and patients may have a wide range of symptoms that have a significant impact on their function and quality of life. According to the article “The Role of Electrical Stimulation for Rehabilitation and Regeneration After Spinal Cord Injury” published in January 2022, muscle contraction is induced by electrical stimulation and can be used for neurorehabilitation after spinal cord injury (SCI). Additionally, as per the source above, the electrotherapy technique is currently a significant treatment strategy that helps individuals with SCIs regain their motor function. Thus, with an increasing incidence of SCIs and and nervous disease globally, the demand for electrotherapy is increasing. This is further expected to drive segment growth.

Therefore, owing to the factors mentioned above, the segment is expected to witness growth over the forecast period.

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is one of the major contributors to the studied market, owing to the rise in surgeries and minimally invasive procedures, growing cases of injuries, increasing bariatric surgeries, and increasing hospital admissions in the region.

The United States, in particular, holds the largest share among the other countries in the region. Factors such as increasing back pain and a rising number of spinal surgeries are major contributors to the studied market in the country. According to the Arm Injury Statistics 2021, updated by the Ohio State University, 6 million people in the United States witness a broken bone each year. Additionally, as per the source above, among people of age 75 or more, hip fractures become the most common and account for 16% of all musculoskeletal injuries in the United States annually. Therefore, the high incidence of bone fractures in the aging population in the country is increasing the demand for electric stimulation for pain relief. This is expected to boost the demand for electrotherapy devices, driving the market growth.

Furthermore, the Spinal Cord Injuries data updated by the National Library of Medicine in August 2021, stated that the leading cause of SCI is motor vehicle collisions which accounts for 38% of new SCI each year, 30% of SCI are due to falls, 13% due to violence, 9% from sports injuries, and 5% from medical and surgical etiologies in the United States. Additionally, as per the source mentioned above, there are approximately 17,000 new cases of SCI each year, and roughly 282,000 persons are estimated to be living with SCI in the United States. Hence, the high burden of SCI in the United States is anticipated to drive the demand for electrotherapy procedures. Therefore, poised to drive the growth of the market studied.

Therefore, owing to these factors above, North America is believed to dominate the market studied over the forecast period.

Competitive Landscape

The electrotherapy devices market is moderately competitive and consists of several major players. The major market players are focusing on technological advancements. Some companies currently dominating the market are Omron Healthcare, Eme srl, STYMCO Technologies, Zynex Medical, Johari Digital, DJO Global, Inc., Astar, GymnaUniphy, Enraf-Nonius B.V., Medtronic, and Abbott Laboratories, among others.

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