Pulsed Electromagnetic Field Therapy Devices Market Forecasts and Growth, 2018-2

Posted by vakhas on January 22nd, 2019

Pulsed electromagnetic field therapy devices, employs electromagnetic fields to heal nonunion and complex fractures, brain tumors, sleep. performance enhancement, anti-depression and pain reduction and depression. Pulsed electromagnetic field therapy devices constitute several flat spiral coils which generate an even electromagnetic field and a frequency generator to energize the coils which results in a pulsed electromagnetic field. Pulsed electromagnetic field therapy devices devices resemble yoga mats and are marketed as as "general wellness products".

Pulsed Electromagnetic Field Therapy Devices Market: Drivers and Restraints

The rising wellness market coupled with the growing expenditure and acceptance of alternative therapy is the prime mover of the pulsed electromagnetic field therapy devices market. The growing awareness and the complimentary influence of yoga, and alternative therapies is generating a large demand for the pulsed electromagnetic field therapy devices market. The large economic burden coupled with the large prevalence of non-union fractures which account for almost 12 % of the total fracture cases is driving a large adoption of pulsed electromagnetic field therapy devices. The growing geriatric population, increase in risk factors associated with fractures such as accidents, falls, growing sports culture are the demographic drivers of the market. The number of people aged 60 years or older is expected to rise from 900 million to 2 billion between 2015 and 2050, representing a growth from 12% to 22% of the total global population, according to recent World Health Organization report.

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However psychometric factors such as lifestyle changes, growing popularity of wellness, influence of media and peer group pressure are achieving greater weightage in the adoption of the pulsed electromagnetic field therapy devices market. The growing incomes of women is a strong determinant of the pulsed electromagnetic field therapy devices market as fractures and diseases such as osteoporosis affect women disproportionately as compared to men. The rising ecommerce industry and the emergence of self-claimed learned customers is expected to drive a large volume of sales of the pulsed electromagnetic field therapy devices.

Advancements in technology such as development of miniaturized, narrow pulsed electromagnetic field therapy devices using advanced materials, automated patterns of varying pulsed electromagnetic field, remote operations by integration with mobile devices and others are appealing to the customer tastes, which is further charging the pulsed electromagnetic field therapy devices market. Thus product development represents the largest market opportunity and many players are launching ergonomic products.

However the pulsed electromagnetic field therapy devices market is constrained by the poor experimental validation and the lack of understanding of the mechanism of the bone healing effect achieved by pulsed electromagnetic field therapy. The inconclusive and insufficient evidence coupled with the lack of support from the main line clinical practice professionals has greatly limited the application of the pulsed electromagnetic field therapy devices. Pulsed electromagnetic field therapy devices are approved by the FDA. However pulsed electromagnetic field therapy devices need to be marketed as as wellness products and are restrained from making claims of effectiveness for treatment of diseases, laying them open to criticism as superficial externalities, and pseudoscience.