USD 747.23 Million
Report ID:
SQMIG35A2618 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
124
|Figures:
77
Global Muscle Stimulator Market size was valued at USD 747.23 Million in 2022 and is poised to grow from USD 776.37 Million in 2023 to USD 1054.37 Million by 2031, at a CAGR of 3.9% during the forecast period (2024-2031).
The primary drivers of the market include the rising use of muscle stimulators among physiotherapists, advances in technology in medical devices, and the focus on pain management treatments in sports medicine. Additionally, the increased frequency of musculoskeletal illnesses among people is anticipated to fuel market expansion.
Musculoskeletal diseases are frequently brought on by bad posture, a lack of exercise, and unhealthful eating patterns. The National Centre for Biotechnology Information, or NCBI, reported that musculoskeletal problems affected about 41.0% of the population of Great Britain.
Additionally, the launch of cutting-edge technologies like wearable muscular stimulator devices is anticipated to fuel market expansion in the upcoming years. For instance, muscle tension and soreness are avoided by using PowerDot, a small and wearable muscle stimulation introduced in 2021. Additionally, the market players are seeing chances for expansion due to the rising demand for wireless and transportable muscle stimulators and their connectivity with smartphones.
Physiotherapists' increasing demand for muscle stimulators is further promoting market expansion. Muscle stimulators are replacing manual approaches as the preferred method of treatment for patients in clinical & home care settings since they are more efficient and take up less time. Anterior Cruciate Ligament (ACL) tears, hip flexor strains, and hamstring strains in athletes who need muscle stimulation therapy are further factors that are expected to fuel growth.
However, the astronomical cost of a muscle stimulator is pushing many to choose less expensive alternatives like yoga, acupuncture, & aromatherapy. Due to its accessibility and adaptability, yoga & acupuncture are favored in emerging nations like China and India. The rising use of alternative therapies is also being influenced by a lack of guidelines for the use of muscle stimulators. The patient population's adoption of alternative remedies is preventing the industry from expanding.
US Muscle Stimulator Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 747.23 Million
Largest Segment
Handheld
Fastest Growth
Handheld
Growth Rate
3.9% CAGR
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The global muscle stimulator market is classified in terms of product type, modality, application, end-use, and region. Based on product type, the market is segmented into neuromuscular electrical stimulation, functional electrical stimulation, transcutaneous electrical nerve stimulation, interferential, burst mode alternating current, microcurrent electrical neuromuscular stimulator, and others. Based on modality, the market is segmented into handheld, portable, and table top. With respect to application, the market is segmented into Pain Management, Neurological Disorder, Musculoskeletal Disorder, and others. Based on end-use, the market is segmented into Hospitals, Ambulatory Surgical Centers, Physiotherapy Clinics, Sports Clinics, and Home Care. Based on region, the global Muscle Stimulator Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Product Type
In terms of items, the Transcutaneous Electrical Nerve Stimulation (TENS) industry dominated the market in 2022, and it is projected that this dominance will last during the forecast period. Some of the significant reasons fueling the market's growth include the rising prevalence of arthritis & the rise in sports injuries. Over the forecast period, the rising prevalence of arthritis is anticipated to fuel growth.
On the other hand, during the projected period, Neuromuscular Electrical Stimulation (NMES) is anticipated to experience the quickest growth. In patients who experienced upper motor nerve impairment from a stroke and spinal cord injury (SCI), this muscle stimulation is primarily utilized to replace or recover motor capabilities. According to a factsheet provided by the National Spinal Cord Injury Statistics Centre, there are currently 291,000 persons living with SCI in the U.S., and there are around 17,730 new cases reported each year. Over the predicted period, it is anticipated that demand for NMES will rise as SCI prevalence rises.
Analysis by Modality
The market is divided into handheld, portable, & table top devices based on modality. The market was dominated by the portable devices segment in 2022, which is predicted to experience the highest CAGR of 4.2% over the forecast period. It is widely used to employ portable muscle stimulators to stop muscular atrophy, reduce muscle spasms, treat chronic arthritic pain, and enhance blood circulation. In addition, numerous major market manufacturers are providing a variety of cutting-edge stimulators under this category.
For instance, the business NeuroMetrix, Inc. produces a portable pain treatment package that includes a TENS unit that patients can wear like a brace and stimulates to relieve pain. JetStream is a portable system that can be used for therapy at home, provided by Zynex, Inc. A portable TENS device for electrotherapy that is currently available from OMRON Corporation can be used to treat aching and sore muscles. Over the course of the forecast period, these factors are likely to fuel the expansion of the worldwide muscle stimulator market.
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North America is anticipated to remain dominating the market during the projected period. The region's development is being supported by the existence of key players, sizable government investments in the research and development of medical devices, and the early release of cutting-edge muscle stimulators. Additionally, it's expected that consumers' strong purchasing power, increased use of cutting-edge technology, and innovative medical equipment will drive the increase.
The region expected to develop at the fastest rate over the projected period is Asia Pacific. The acceptance of pain management therapies, the usage of smart devices to maintain health, and the knowledge of health and fitness are the primary growth drivers in the region. Over the course of the projection period, it is also projected that the increase in sports injuries in this area will raise demand for muscle stimulants.
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Drivers
Increasing Prevalence of Musculoskeletal Disorders
Restraints
Lack of Awareness and Education
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The competitive landscape in the muscle stimulator market is characterized by the presence of several key players offering a range of products and competing based on factors such as product innovation, technology advancements, pricing, and distribution networks. These companies have a strong market presence and offer a variety of muscle stimulator devices catering to different applications, including pain management, muscle rehabilitation, sports performance, and fitness training. They compete in terms of product features, technological advancements, pricing strategies, distribution channels, and customer support. Some players focus on specific segments, such as professional healthcare providers, while others target individual consumers. Additionally, mergers, acquisitions, partnerships, and new product launches are common strategies employed by these key players to strengthen their market position and expand their product portfolios.
Top Player’s Company Profiles
Recent Developments
The acquisition of LimaCorporate S.p.A. ("Lima"), a privately held global orthopedic company dedicated to restoring motion through an inventive array of implant treatments, was closed, as Enovis Corporation announced in January 2024. Government organizations like the FDA and the European Union's CE mark regulate the muscle stimulation device market to guarantee its efficacy and safety. In order to get approval or clearance for new devices, companies need to comply with quality system rules and submit data from clinical trials. Muscle stimulators are considered medical devices and have to adhere to ISO 13485 and ISO 10993 standards. Risk management, biocompatibility evaluation, electrical and mechanical safety testing, and current good manufacturing practices are among the main regulatory criteria. To avoid making false claims, regulations also apply to device labeling and advertising.
In October 2023, Chattanooga Medical Solutions (CMS), a respectable company specializing in professional EMS and muscle rehabilitation equipment, was successfully bought by Compex, a well-known producer of electrical muscle stimulation (EMS) devices. Compex's product offering will be further expanded by this strategic acquisition, which will also give CMS access to Compex's vast international distribution network.
Leading medical device maker NeuroMetrix, which specializes in treating neurological illnesses and pain, is pleased to announce the release of Ztilio Pro, a state-of-the-art professional muscle stimulator, in September 2023. Designed to be used in pain management clinics, sports medicine facilities, and physical therapy clinics, the Ztilio Pro is a significant advancement in the field of advanced muscle stimulation technology.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Muscle Stimulator Market analysis, the rising use of muscle stimulators among physiotherapists, advances in technology in medical devices, and the focus on pain management treatments in sports medicine are the primary drivers. Additionally, the increased frequency of musculoskeletal illnesses among people is anticipated to fuel market expansion. Regionwise, North America holds dominance with Asia Pacific in close competition. Advent of better healthcare therapeutic options and technology are projected to help augment market growth in the near future.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 747.23 Million |
Market size value in 2031 | USD 1054.37 Million |
Growth Rate | 3.9% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Muscle Stimulator Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Muscle Stimulator Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Muscle Stimulator Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Report ID: SQMIG35A2618
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