Study Report on the Market for Muscle Stimulator Added to Market Research Future Database which is expected to reach $ 768.3 million by the end of 2023, this market is projected to growing at a CAGR of ~ 6.1 % during 2018-2023. Global Muscle stimulator Market Information; By Products (Transcutaneous Electrical Nerve Stimulator, Burst mode Alternating Current, Neuromuscular Electric Stimulation, Interferential Current), by Application (Pain Management, Neurological and Movement Disorder Management and Musculoskeletal Disorder Management) – Forecast to 2023
The Muscle Stimulator Market is also becoming more customer oriented and there is increasing demand for personalization and customization which has created the demand for smart muscle stimulators. The muscle stimulators today are a far cry from what they use to be. The latest hi-tech muscle stimulators use the advanced software’s which can set the device into a predefined cycle with suitable shifts. The latest muscle stimulators have started getting synchronized with mobiles. Mobile apps will eventually contain all the data in one single point. Connected healthcare muscle stimulators seems to be the future due to their cost reducing effect and the ability to converge data at a single point for analysis.
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Global Muscle Stimulator Market – Key Players
Key players profiled in the report are
- DJO Global, Inc.
- Mettler Electronics Corp.
- NeuroMetrix, Inc.
- OMRON Corporation
Global Muscle Stimulator Market – Regional Analysis
North America due to the presence of the U.S in the region accounts for the lions share of the global market due to the presence of favorable reimbursement schemes as well as the presence of a substantially developed healthcare sector. The presence of several market players in the region also promotes the region’s growth. Europe has been identified as the second largest regional market due to the presence of rising awareness regarding the use of muscle stimulators as well as the high disposable income present in the region.
The Asia Pacific is expected to grow at the highest pace with the most significant CAGR due to large unmet needs in the region. The demand for products like muscle stimulators is growing, and the market is supported by the rising expenditure on the healthcare sector. The reforms in the healthcare sector combined with the rise in disposable income in emerging economies is expected to drive significant growth in the foreseeable future.
Global Muscle Stimulator Market – SWOT Analysis
High capacity and capability of manufacturer
Growing product development such as portability
Poor legal framework
Poor and unorganized manufacturing
Lack of education and low number of Institutes
Growing demand for non-invasive therapies
Global Muscle Stimulator Market – Segments
Division of the global muscle stimulator market’s various segments in MRFR’s report has been performed on the basis of product, application, and region. Products in the muscle stimulator market include burst mode alternating current, transcutaneous electrical nerve stimulator, neuromuscular electric stimulation, and interferential current. The transcutaneous electrical nerve stimulator has been observed to have captured the largest share in the market and is expected to retail leadership position throughout the forecasted period.
Applications of muscle stimulators include neurological & movement disorder management, pain management, and musculoskeletal disorder management.
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