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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Electrotherapy Market: By Product Type, By End User and Region Forecast 2019 - 2030
Electrotherapy Market: By Product Type, By End User and Region Forecast 2019 - 2030
Electrotherapy Market size was valued at US$ 985.1 million in 2023 and is poised to grow at a significant CAGR of 4.5% from 2024-2030. Electrotherapy is a medical procedure that uses electromagnetic electricity to treat modality arthritis, muscle atrophy, sports injury, and nerve pain. This therapy is used by athletic trainers and therapists for electric stimulation for pain management, tissue healing, cardiology, and urinary and faecal incontinence. This is a drug-free, non-invasive, gentle therapy that promotes endorphin release to alleviate pain. The transcutaneous electrical nerve stimulation segment is anticipated to grow at a significant CAGR over the forecast years owing to TENS help to reduce pain and muscle spasms caused by a wide range of conditions, including arthritis, period pain, pelvic pain caused by endometriosis, knee pain, sports injuries. More healthcare experts have reported that it seems to help some people, although how well it works depends on the individual and the condition being treated. Moreover, competitive players are focusing on launching new products, acquiring, and collaborating to maintain growth in the market.
For instance, In January 2019, Boston Scientific Corporation launched Vercise Primary Cell (PC) and Verse Gevia Deep Brain Stimulation (DBS) Systems. These two systems allow physicians to control the shape, position, range, and direction of electrical stimulation to treat Parkinson's disease (PD) symptoms through highly personalized therapy. Increase in prevalence of neurological disorders, technical improvements in electrotherapy systems, growing obesity, and an increase in sports injuries are a few drivers driving the global market's growth.
Study Period
2024-2030Base Year
2023CAGR
4.5%Largest Market
North AmericanFastest Growing Market
Asia-Pacific
The rising global geriatric population, rising prevalence of chronic diseases such as diabetes, obesity, chronic cardiovascular and neuromuscular disorders, increasing patient pool, and continuous technological advances in electrotherapy systems are driving the global electrotherapy market revenue growth. Other key factors driving global market revenue growth include rising incidences of sports injuries and neuromuscular dysfunction, increased awareness of the negative side effects of painkilling drugs, increased adoption of advanced electrotherapy solutions to treat chronic and acute nerve pain, and rising demand for global market.
North America is likely to hold the highest revenue share of in 2021 and same trend is expected over the forecast period due to increased sports injuries, neuromuscular dysfunction, urinary and faecal incontinence, acute and chronic edema, and the rapid adoption of highly advanced electrotherapy equipment for pain treatment. Another important driver for North American market expansion is the presence of cutting-edge healthcare infrastructure and prominent firms producing electrotherapy equipment in the area, such as Boston Scientific Corporation, NeuroMetrix Inc., and St. Jude Medical, Inc.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 985.1 million |
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Market CAGR |
4.5% |
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By Product Type |
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By End User |
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By Region |
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The global electrotherapy market size was valued at US$ 985.1 million in 2023 and is projected to grow at a CAGR of 4.5% from 2024 to 2030.
The electrotherapy market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The electrotherapy market key players DJO LLC, Zynex Medical, Medtronic, STYMCO Technologies, Omron Healthcare, Walgreen Co, Chirag Electronics, Abbott, Nevro Corp, Boston Scientific Corporation
| 1. Executive Summary |
| 2. Global Electrotherapy Market Introduction |
| 2.1. Global Electrotherapy Market - Taxonomy |
| 2.2. Global Electrotherapy Market - Definitions |
| 2.2.1. Product Type |
| 2.2.2. End User |
| 2.2.3. Region |
| 3. Global Electrotherapy Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Key Developments |
| 3.6. M&A Activities |
| 3.7. Competition Assessment |
| 4. Global Electrotherapy Market By Product Type, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 4.1. Transcutaneous Electrical Nerve Stimulation |
| 4.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.1.3. Market Opportunity Analysis |
| 4.2. Spinal Cord Stimulation |
| 4.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Sales Value USD Million) |
| 4.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.2.3. Market Opportunity Analysis |
| 4.3. Electronic Muscle Stimulator |
| 4.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.3.3. Market Opportunity Analysis |
| 4.4. Electro acupuncture |
| 4.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.4.3. Market Opportunity Analysis |
| 4.5. Interferential Current Therapy |
| 4.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.5.3. Market Opportunity Analysis |
| 4.6. Extracorporeal Shock Wave Therapy |
| 4.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.6.3. Market Opportunity Analysis |
| 4.7. Micro current Therapy |
| 4.7.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.7.3. Market Opportunity Analysis |
| 4.8. Magnetic Field Therapy |
| 4.8.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.8.3. Market Opportunity Analysis |
| 4.9. Ultrasound Therapy |
| 4.9.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.9.3. Market Opportunity Analysis |
| 4.10. Percutaneous Electrical Nerve Stimulation |
| 4.10.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.10.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.10.3. Market Opportunity Analysis |
| 5. Global Electrotherapy Market By End User , 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 5.1. Rehabilitation Centers |
| 5 1 1 Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Hospitals and Clinics |
| 5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Others |
| 5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Electrotherapy Market By Region, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 6.1. North America |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Europe |
| 6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Asia Pacific |
| 6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Latin America |
| 6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. MEA |
| 6.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Global Electrotherapy Market - Opportunity Analysis Index, By End User , Product Type 2019-2023 and Region, 2024-2030 |
| 7. North America Electrotherapy Market, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 7.1. Product Type Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 7.1.1. Transcutaneous Electrical Nerve Stimulation |
| 7.1.2. Spinal Cord Stimulation |
| 7.1.3. Electronic Muscle Stimulator |
| 7.1.4. Electro acupuncture |
| 7.1.5. Interferential Current Therapy |
| 7.1.6. Extracorporeal Shock Wave Therapy |
| 7.1.7. Micro current Therapy |
| 7.1.8. Magnetic Field Therapy |
| 7.1.9. Ultrasound Therapy |
| 7.1.10. Percutaneous Electrical Nerve Stimulation |
| 7.2. End User Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 7.2.1. Rehabilitation Centers |
| 7.2.2. Hospitals and Clinics |
| 7.2.3. Others |
| 7.3. Country Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 7.3.1. USA |
| 7.3.2. Canada |
| 8. Europe Electrotherapy Market, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 8.1. Product Type Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Transcutaneous Electrical Nerve Stimulation |
| 8.1.2. Spinal Cord Stimulation |
| 8.1.3. Electronic Muscle Stimulator |
| 8.1.4. Electro acupuncture |
| 8.1.5. Interferential Current Therapy |
| 8.1.6. Extracorporeal Shock Wave Therapy |
| 8.1.7. Micro current Therapy |
| 8.1.8. Magnetic Field Therapy |
| 8.1.9. Ultrasound Therapy |
| 8.1.10. Percutaneous Electrical Nerve Stimulation |
| 8.2. End User Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1. Rehabilitation Centers |
| 8.2.2. Hospitals and Clinics |
| 8.2.3. Others |
| 8.3. Country Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1. Germany |
| 8.3.2. France |
| 8.3.3. Italy |
| 8.3.4. UK |
| 8.3.5. Russia |
| 8.3.6. Rest of Europe |
| 9. Asia Pacific Electrotherapy Market, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 9.1. Product Type Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Transcutaneous Electrical Nerve Stimulation |
| 9.1.2. Spinal Cord Stimulation |
| 9.1.3. Electronic Muscle Stimulator |
| 9.1.4. Electro acupuncture |
| 9.1.5. Interferential Current Therapy |
| 9.1.6. Extracorporeal Shock Wave Therapy |
| 9.1.7. Micro current Therapy |
| 9.1.8. Magnetic Field Therapy |
| 9.1.9. Ultrasound Therapy |
| 9.1.10. Percutaneous Electrical Nerve Stimulation |
| 9.2. End User Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Rehabilitation Centers |
| 9.2.2. Hospitals and Clinics |
| 9.2.3. Others |
| 9.3. Country Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1. China |
| 9.3.2. India |
| 9.3.3. Japan |
| 9.3.4. ANZ |
| 9.3.5. South East Asia |
| 9.3.6. Rest of APAC |
| 10. Latin America Electrotherapy Market, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Transcutaneous Electrical Nerve Stimulation |
| 10.1.2. Spinal Cord Stimulation |
| 10.1.3. Electronic Muscle Stimulator |
| 10.1.4. Electro acupuncture |
| 10.1.5. Interferential Current Therapy |
| 10.1.6. Extracorporeal Shock Wave Therapy |
| 10.1.7. Micro current Therapy |
| 10.1.8. Magnetic Field Therapy |
| 10.1.9. Ultrasound Therapy |
| 10.1.10. Percutaneous Electrical Nerve Stimulation |
| 10.2. End User Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Rehabilitation Centers |
| 10.2.2. Hospitals and Clinics |
| 10.2.3. Others |
| 10.3. Country Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1. Brazil |
| 10.3.2. Mexico |
| 10.3.3. Argentina |
| 10.3.4. Chile |
| 10.3.5. Rest of LA |
| 11. MEA Electrotherapy Market, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Transcutaneous Electrical Nerve Stimulation |
| 11.1.2. Spinal Cord Stimulation |
| 11.1.3. Electronic Muscle Stimulator |
| 11.1.4. Electro acupuncture |
| 11.1.5. Interferential Current Therapy |
| 11.1.6. Extracorporeal Shock Wave Therapy |
| 11.1.7. Micro current Therapy |
| 11.1.8. Magnetic Field Therapy |
| 11.1.9. Ultrasound Therapy |
| 11.1.10. Percutaneous Electrical Nerve Stimulation |
| 11.2. End User Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Rehabilitation Centers |
| 11.2.2. Hospitals and Clinics |
| 11.2.3. Others |
| 11.3. Country Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1. Saudi Arabia |
| 11.3.2. South Africa |
| 11.3.3. UAE |
| 11.3.4. Israel |
| 11.3.5. Rest of MEA |
| 12. Competition Landscape |
| 12.1. Strategic Dashboard of Top Market Players |
| 12.2. Company Profiles (Introduction, Financial Analysis, By Product Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 12.2.1. Medtronic |
| 12.2.2. DJO Global Inc., |
| 12.2.3. Zynex Medical |
| 12.2.4. Medtronic |
| 12.2.5. Omron Healthcare |
| 12.2.6. Abbott |
| 12.2.7. Nevro Corp |
| 12.2.8. Boston Scientific Corporation |
| 12.2.9. Alimed Inc., |
| 12.2.10. Nuvectra |
| 12.2.11. Nalu Medical |
| 12.2.12. Mainstay Medical Limited |
| 12.2.13. BioWave Corporation |
| 13. Research Methodology |
| 14. Key Assumptions and Acronyms |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.