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Market Research Future has performed a thorough study of the global muscle stimulator market which has calculated the growth of the market at a CAGR of 6.1% during the forecast period which ranges from 2017 to 2023. Various factors have been considered, and MRFR has concluded that growth of the market at the above-mentioned CAGR is expected to result in a market value of USD 783.3 Mn by the end of 2023.Muscle Stimulators use electrical currents to produce contractions in muscles. These electrical signals have the intensity and frequency which mimics the body's nerve signal system. It has a number of uses in rehabilitation and prevention of muscle problems in immobilized patients and as a strengthening or evaluation tool for healthy individuals as well as patients being examined.
The increasing popularity of sports and the increased demand for fitness products & services is expected to drive demand over the review period. The prevalence of chronic diseases due to a sedentary lifestyle and poor lifestyle habits have resulted in high healthcare expenditure as well as an increase in the affordability of muscle stimulators. The growing prevalence of sports and the use of muscle stimulators to test muscle function as well as recovery tool post exercise is a key factor driving the growth of the global muscle stimulator market.
Innovations in the market include the development of workout programs and fitness services which use muscle stimulators to maximize muscle function and get the most out of the workout. The curiosity surrounding such novel services is expected to drive the market. Moreover, the presence of a large geriatric population with a high demand for muscle stimulators to aid muscle ailments is expected to drive the global muscle stimulator market. Prevalence of diabetes, an increasing number of accidents due to a rising population, and occupational injuries are other factors driving the market.
Market players are increasingly employed technological advancements to develop new and improved muscle stimulators in the market aimed at various ailments and purposes. As such, the market is expected to witness various new opportunities for the growth of the market. However, the market is restrained by the presence of various alternative therapies which may be more affordable or effective.
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Global Muscle Stimulator Market - Key Players
Key players profiled in the report are
DJO Global, Inc.
Mettler Electronics Corp.
Axiobionics
Zynex
NeuroMetrix, Inc.
OMRON Corporation
Tone-A-Matic
Latest Industry News:
Atlantic Therapeutics has been granted de novo clearance by the FDA for the treatment of stress urinary continence.
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.
Global Muscle Stimulator Market – SWOT Analysis
Strength:
High capacity and capability of manufacturer
Growing product development such as portability
Weakness:
Poor legal framework
Poor and unorganized manufacturing
Lack of education and low number of Institutes
Opportunities:
Growing demand for non-invasive therapies
Growing acceptance
Threats:
Rising Competition
Market Fragmentation
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Global Muscle Stimulator Market - Regional Analysis
US accounts for the maximum market share due to favorable reimbursement scenario and greater expenditure on healthcare. Europe is the second largest market due to large disposable income and rising awareness. Asia pacific region will be the fastest region because of large unmet needs which will be led by China and India. The Middle East and Africa market will be led by the gulf nations particularly Saudi Arabia and UAE. The poor regions of Africa are expected to be a laggard due to poor economic and political conditions.
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