This Electrotherapy report encompasses a detailed compilation of this industry and a creditable overview of the market. In short, the study incorporates a generic overview of the market based on its current status and market size in the terms of volume and returns. The study also comprises a summary of important data considering the geographical terrain of the industry as well as the industry players that seem to have achieved powerful status across the Market. The study delivers data pertaining to the market share which each nation in question accounts for, along with promising the growth opportunities anticipated for each geography.
Global Electrotherapy Market is set to witness a steady CAGR of 4.00% in the forecasted period of 2019-2026. This rise in the market can be attributed to the increasing usage of electrotherapy by physiotherapist and sports person and growing prevalence of chronic conditions developments in the industry.
This Electrotherapy research report covers all the aspects of the market it offers customers with an opportunity that can help them in larger amounts of incredible accomplishments. It gives top line approximate and quantitative summary details which mainly includes the market size that is value and volume and forecast to 2026. It also profiles leading player’s descriptions including key financial metrics and analysis of competitive pressures within the market. Moreover, the report comprises the administration rules and guidelines and regional advancements association’s data with the assessment study.
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Market Definition: Global Electrotherapy Market
Electrotherapy is a therapy which uses electric energy in the medical treatment. There are different use of electrotherapy such as pain management, cardiology, tissue repair, urine and fecal incontinence. Most athletic trainers and therapists use electrotherapy system in the management of athletic injuries. Transcutaneous spinal electro analgesia, pulsed short wave diathermy, spinal cord stimulation, micro- current therapy, percutaneous electrical nerve stimulation etc. are some of the common electrotherapy treatments.
• Technology advancement and innovation in electrotherapy will drive the market growth
• Rising competitiveness and new product launches is also driving the market.
• Increasing cases of spinal injuries among population will propel the market
• Growing prevalence of chronic conditions will also act as driver for this market
• Lack of awareness about the product in developing countries is acting as restraints for the market.
• Large availability of substitute product is also hampering the market growth.
Segmentation: Global Electrotherapy Market
• Micro-Current Therapy
• 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)
• Urine and Fecal Incontinence
• Neuromuscular Dysfunction
• Sports Injury Treatment
• Pain Management
• Tissue Repair
• Acute and Chronic Edema
By End user
• Rehabilitation Centers
• Long-Term Care Centres
• North America
• South America
• Middle East and Africa
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Key Developments in the Market:
• In March 2019, Innovative Neurological Devices announced that they have received approval from FDA for Cervella Cranial Electrotherapy Stimulator which is specially designed for the treatment of insomnia, depression and anxiety. It gives electrical current to the patient’s brain. The main aim of the launch is to provide patient device which help them to treat this situation easily and provide better outcome.
• In November 2016, EMS PHYSIO announced the launch of their new Electrophysiocal Forum which is special designed so that they can provide platform to the people where they can discuss about the usage of electro physical modalities in therapy. This platform will have different researchers, experts, educator and students.
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Competitive Analysis: Global Electrotherapy Market
Global electrotherapy market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of electrotherapy market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Electrotherapy Market
Few of the major market competitors currently working in the global electrotherapy market are Medtronic, AliMed, Inc., Abbott., Cogentix Medical., Zynex Medical, NeuroMetrix, Inc., DJO Global, Cyberonics, Inc, Nevro Corp, Boston Scientific Corporation, Nevro Corp., STYMCO Technologies, Omron Healthcare, Inc., Walgreen Co.
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