Pulse Electromagnetic Field Therapy Devices Market Forecast To Grow USD 693.3 Million By 2028Posted by rahul nikade on November 10th, 2022 Pulse Electromagnetic Field Therapy Devices Industry Overview The global pulse electromagnetic field therapy devices market size was valued at USD 359.5 million in 2020 and is anticipated to grow at a compound annual growth rate (CAGR) of 7.8% over the forecast period. The increasing geriatric population across the globe and rising awareness regarding pulse electromagnetic field (PEMF) therapy devices are anticipated to boost the market growth. Technological advancements, such as the development of narrow, miniaturized PEMF therapy devices using advanced materials are expected to secure the market position. The integration of telemedicine is expected to expand the application scope of these devices. The novel coronavirus (COVID-19) disease has emerged disrupting various healthcare and socio-economical aspects across the globe. Gather more insights about the market drivers, restrains and growth of the Global Pulse Electromagnetic Field Therapy Devices Market Road accidents and trauma mostly result in severe spinal injuries as well as delayed union & nonunion fractures, which require surgical treatment. The PEMF therapy devices promote the healing of bones during treatment of failed spinal fusions, delayed unions, fracture nonunion, and fresh fractures. According to the International Osteoporosis Foundation, osteoporosis causes about 8.9 million fractures annually. In addition, around 1.6 million hip fractures take place globally each year, and this number is projected to reach between 4.5 and 6.3 million by 2050. Hence, increasing cases of osteoporosis are expected to drive the demand for PEMF therapy devices. Pulse electromagnetic field (PEMF) therapy devices are safe and non-invasive with no significant side effects. PEMF therapy provides a novel alternative for the treatment of various musculoskeletal disorders. PEMF devices have been approved by the U.S. FDA to treat non-union fractures and cleared to treat post-operative osteoarthritis, plantar fasciitis, pain, and edema. These devices also have several benefits including reduction of chronic and acute pain related to several connective tissues, including bone, tendon, ligaments, cartilage injury as well as edema and inflammation control. Thus, the benefits of these devices are anticipated to accelerate market growth. Lack of understanding of the mechanism of bone healing effect and poor experimental validation as achieved by PEMF therapy may limit market growth to some extent. The inadequate and inconclusive evidence along with the lack of support from the mainline clinical practice specialists has significantly limited the application scope of PEMF therapy devices. Although these devices are approved and regulated by the U.S. FDA, they need to be promoted and marketed as wellness products. Browse through Grand View Research's Medical Devices Industry Research Reports
Pulse Electromagnetic Field Therapy Devices Market Segmentation Grand View Research has segmented the global Pulse Electromagnetic Field therapy devices market based on power, application, end-use, and region: PEMF Therapy Devices Power Outlook (Revenue, USD Million, 2016 - 2028)
PEMF Therapy Devices Application Outlook (Revenue, USD Million, 2016 - 2028)
PEMF Therapy Devices End-use Outlook (Revenue, USD Million, 2016 - 2028)
PEMF Therapy Devices Regional Outlook (Revenue, USD Million, 2016 - 2028)
Market Share Insights
Key Companies profiled: Some prominent players in the global pulse electromagnetic field therapy devices market:
Order a free sample PDF of the Pulse Electromagnetic Field Therapy Devices Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com Like it? Share it!More by this author |