About Electrical Stimulation Therapy
Electrical stimulation is a sort of physical therapy technique that can be meant to treat with a variety of physical therapy tasks (PT). Electrical pulses are used in Electrical Stimulator to imitate the effect of neuronal messages. Muscles or nerves are targeted by these modest electrical currents. It is applied for accident or disease that causes discomfort or reduced functional movement. Electrical stimulation can be used to contract muscles that are weak or don't work properly. Electrical Stimulation can also be utilized to aid with pain and spasm relief.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD N) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Electrical Stimulation Therapy market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Boston Scientific (United States), Abbott (United States), Bioventus (United States), Medtronic (Ireland), Myolyn (United States), Cyberonics (United States), DJO Global (United States), Bioness Inc. (United States), Nevro (United States) and NeuroMetrix (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Cogentix Medical (United States), Zynex (United States) and Omron Corporation (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Electrical Stimulation Therapy market by Type (Transcutaneous Electrical Neuromuscular Stimulation (TENS), Iontophoresis, Neuromuscular Electrical Stimulation (NMES), Russian Stimulation, Interferential Current (IFC), High Voltage Galvanic Current (HVGC) and Others), Application (Orthopedics Disorder, Muscle Weakness or Paralysis, Stroke and Traumatic brain Injury, Spinal Cord Injury, Acute and Chronic Edema and Others) and Region.
On the basis of geography, the market of Electrical Stimulation Therapy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Hospitals will boost the Electrical Stimulation Therapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The advent of Advanced Technologies and the New Devices for Reducing Pain to Considerable Extend
Market Growth Drivers:
Increasing Awareness Regarding Efficient Treatment to Treat Chronic Pain and Neurological Disorder and Increasing Healthcare Issues Such as Back Pain, Neurological & Movement Disorder and, Sedentary Lifestyle
Challenges:
Risk of Muscle Tearing, Tissue Burn or Skin Irritation can hamper the Electrical Stimulation Therapy Market
Restraints:
Growing Cost of Treatment Unaffordable by Middle Low-Income Countries Can Constrain the Electrical Stimulation Therapy Market
Opportunities:
Enhancement of Customization in Therapy and Real-Time Monitoring Can Stimulate the Growth of the Electrical Stimulation Therapy Market and Growing Research and Development Activities, Increasing Adoption of Stimulators will Boost the Electrical Stimulation Therapy Market
Market Leaders and their expansionary development strategies
On 31 March 2021, Bioventus announce the acquisition of Bioness Inc. This acquisition will help traumatic brain injury, multiple sclerosis, or osteoarthritis, Bioness' nerve stimulation therapy and rehabilitation devices are said to assist patients to restore their lifestyle and mobility after stroke. By using a current global network of roughly 300 salespeople calling on orthopedic, pain, and podiatric physicians, as well as extending market access and reimbursement processing capabilities, the acquisition aims to accelerate Bioness' revenue growth.
In December 2022, Abbott annonced the U.S. Food and Drug Administration (FDA) approval of the company's Eterna™ spinal cord stimulation (SCS) system – the smallest implantable, rechargeable spinal cord stimulator currently available on the market for the treatment of chronic pain. Eterna SCS utilizes Abbott's proprietary low-dose BurstDR™ stimulation, the only SCS waveform technology with the highest level of clinical evidence (1A evidence), proven to reduce pain 23% more than traditional waveform technology approaches.
“As per National Library of Medicine, National Center for Biotechnology Information guidelines the most effective electrical stimulation treatment for knee OA is neuromuscular electrical stimulation, which is even more successful when coupled with a strengthening program. NMES is delivered by a number of devices, including battery-operated, portable devices that exclusively deliver NMES and combination units that deliver NMES and additional electrical currents including TENS, interferential current treatment, and high-voltage pulsed current therapy (HVPC). NMES may also be used with AC-powered (plug-in) devices that, in addition to providing various waveforms, also provide additional modalities such as ultrasonography. Although different outcomes are assessed, the ideal parameters for controlling severe muscular weakness and atrophy, as well as the deconditioning associated with critical illness and advanced cardiac disease, are typically comparable to those utilized post-stroke.”
Key Target Audience
Electrical Stimulation Therapy Manufactures, Electrical Stimulation Therapy Distributors and Suppliers, Research and Development Institutes, Upstream and Downstream Buyers, Financial Institutes and Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.