Muscle Stimulation Devices Market Projected to Reach US$ 873.2 Mn by 2026: FMI

Posted by Pradnya Kulkarni on February 2nd, 2017

Introduction

Muscle stimulation is a technique that utilises electrical impulses as therapy on the muscle for relieving chronic pain. This technique utilises transcutaneous electrical nerve stimulator (TENS), burst mode alternating current (BMAC), interferential (IF) and neuromuscular electric stimulation (NMES) modalities. These devices are widely used for the treatment of chronic pain in the leg and back. Muscle stimulation devices are mainly used by patients suffering from chronic pain and by athletes for relieving muscle pain. Muscle stimulation devices are experiencing increasing adoption among healthcare practitioners and athletes, especially in the U.S. and Western Europe.

Market Value Forecast

In terms of value, the global market for muscle stimulation devices is anticipated to expand at a CAGR of 4.5% during the forecast period.

Market Dynamics

The global muscle stimulation devices market is driven by factors such as increasing healthcare expenditure. Also, increased global demand for fitness products along with increased availability and affordability of muscle stimulation devices is boosting the market. Growing preference for muscle stimulation devices among physiotherapists for the treatment of chronic pain and muscle recovery is also contributing significantly to the growth of the muscle stimulation devices market. With more and more people opting for muscle stimulation devices as the therapy ensures reduction in the waist circumference, there is robust growth of the muscle stimulation devices market. Though the global muscle stimulation devices market is expected to show a healthy growth during the forecast period, the lack of usage guidelines along with low awareness regarding the available chronic treatment options and the availability of substitute products are major concerns for the overall growth of this market.

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Segmentation by product

The global muscle stimulation devices market is segmented on the basis of product type into transcutaneous electrical nerve stimulator (TENS), burst mode alternating current (BMAC), interferential (IF) and neuromuscular electric stimulation (NMES). In terms of value, TENS product segment has been estimated to account for 71.5% share of the total muscle stimulation devices market in 2015 and is projected to slightly decrease over the forecast period. NMES product segment is expected to grow over the forecast period.

Segmentation by Application

On the basis of application, the muscle stimulation devices market is segmented into pain management, musculoskeletal disorder management and neurological and movement disorder management. Among application-based segments, pain management segment is expected to grow significantly compared to the other segments during the forecast period.

Segmentation by End User

Based on end user, the muscle stimulation devices market is segmented into physiotherapy clinics, home care, hospitals and sports clinics. Physiotherapy clinics segment is expected to dominate the overall muscle stimulation devices market over the forecast period.

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Key Regions

On the basis of regions, the global muscle stimulation devices market has been segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan.

In terms of market value, North America is projected to dominate the muscle stimulation devices market during the forecast period, followed by Western Europe, owing to the significant presence of international players in these regions along with a myriad number of products lined up for FDA clearance. However, APEJ is expected to grow rapidly owing to factors such as significant growth in healthcare spending.

Key Players

Some key players in the muscle stimulation market are DJO Global, Inc., Zynex, Inc., NeuroMetrix, Inc., RS Medical, Inc. and Omron Corp.

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A large number of companies operating in the muscle stimulation devices market are focusing on entering into collaborations and partnerships with local distributors in order to enter into untapped markets. They are also trying to introduce new products into the market in order to establish their brand and expand their customer base.