Global Electrotherapy Market

Electrotherapy Market Size, Share, Growth Analysis, By Type(Transcutaneous Electrical Neural Stimulation (TENS), Electronic Muscle Stimulator (EMS)), By End User(Hospitals & Clinics, Rehabilitation Centers) - Industry Forecast 2024-2031


Report ID: SQMIG35A2625 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 64 | Figures: 77

Electrotherapy Market Insights

Electrotherapy Market size was valued at USD 0.77 billion in 2021 and is poised to grow from USD 0.8 billion in 2022 to USD 1.04 billion by 2030, at a CAGR of 3.8% during the forecast period (2023-2030).

The global rise in obesity rates has played a significant role in driving the electrotherapy market. Obesity is associated with various musculoskeletal and pain-related conditions, such as arthritis and back pain.

Technological advancements, rising obesity rates, increasing healthcare expenses, and a growing number of sports injuries are significant drivers of the electrotherapy market's growth. For example, exercise-related injuries accounted for the highest number of injuries among various sports and entertainment categories, according to the National Safety Council (NSC), with approximately 468,000 reported injuries. Bicycling, football, and basketball followed closely behind, with 417,000, 404,000, and 292,000 injuries, respectively.

The increasing frequency and incidence of sports injuries contribute to the demand for electrotherapy, thereby driving the market's compound annual growth rate (CAGR). The rise in healthcare expenditure globally further supports the growth of the electrotherapy market. The World Health Organization (WHO) reports a continuous increase in global health spending, with low- and middle-income countries experiencing a 6% rise and high-income countries experiencing a 4% rise. In addition to public healthcare expenditure, investments from manufacturers, the introduction of new products in the intracranial hemorrhage diagnosis and treatment field, and venture capital funding are expected to drive revenue growth in the electrotherapy market in the coming years.

US Electrotherapy Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2024-2031

Global Market Size

USD 0.77 billion

Largest Segment

Hospitals & Clinics

Fastest Growth

Hospitals & Clinics

Growth Rate

3.8% CAGR

Global Electrotherapy Market ($ Bn)
Country Share for Europe Region (%)
Global Electrotherapy Market By End User ($ Bn)
Global Electrotherapy Market By End User (%)

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Electrotherapy Market Segmental Analysis

The global electrotherapy market is segmented on the treatment type, device type, end user and region. By treatment type, the market is segmented into extracorporeal shock wave therapy, interferential current therapy (IC), magnetic field therapy, ultrasound therapy, transcutaneous electrical nerve, stimulation (TENS) therapy, microcurrent therapy. By device type, the market is segmented into transcutaneous electrical neural stimulation (TENS), electronic muscle stimulator (EMS), interferential stimulator (IF), high voltage pulsed galvanic stimulator (HVPGS). By end user, the market is segmented into hospitals & clinics, rehabilitation centers, and long term centers. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Electrotherapy Market Analysis by Treatment Type

NMES holds a dominant position in the electrotherapy market. NMES is widely used for muscle rehabilitation, strengthening, and re-education. It involves the application of electrical impulses to stimulate motor nerves, causing muscle contractions. NMES is commonly employed in post-surgical rehabilitation, sports medicine, and physical therapy. With its versatile applications and efficacy.

TENS is expected to be the fastest-growing segment in the electrotherapy market. TENS devices are commonly used for chronic pain management, including back pain, arthritis, and neuropathic pain conditions. Due to its non-invasive nature and growing demand for non-pharmacological pain management.

Electrotherapy Market Analysis by End User

In 2022, Hospitals represent a dominant end-user segment in the electrotherapy market. Hospitals often have a multidisciplinary approach to patient care, offering a wide range of electrotherapy treatments to address various medical conditions. The hospital segment holds a dominant position in the electrotherapy market, primarily due to its comprehensive healthcare services and accessibility to advanced electrotherapy technologies.

Clinics are considered a fast-growing segment within the market. Clinics, including specialty clinics and private practice settings, also play a significant role in the electrotherapy market. Clinics offer focused care and personalized treatment plans, making them popular choices for electrotherapy services. With increasing awareness about non-invasive and drug-free treatment options, clinics are witnessing substantial growth in the adoption of electrotherapy.

Global Electrotherapy Market By End User, 2023 (%)

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Electrotherapy Market Regional Insights

In 2022, Europe holds the dominant market share in the electrotherapy market, driven by various factors. These include the presence of advanced treatment facilities, government support for the healthcare industry's growth, an aging population, an increase in the incidence of chronic diseases, and high healthcare expenditure. Among European countries, Germany has the largest market share in electrotherapy, while the UK has shown the fastest growth rate.

The Asia-Pacific region is projected to experience the fastest growth in the electrotherapy market. This growth is attributed to the rising rates of neuropathy and related disorders, government initiatives in healthcare, a growing elderly population, an increasing number of patients with neurology-related pain disorders, and a rising diabetic patient population. Within the Asia-Pacific region, China holds the largest market share in electrotherapy, and India is witnessing the fastest growth rate.

Global Electrotherapy Market By Geography, 2024-2031
  • Largest
  • Fastest

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Electrotherapy Market Dynamics

Electrotherapy Market Drivers

Increasing Prevalence of Chronic Pain Disorders

  • The rising incidence of chronic pain conditions, such as arthritis, back pain, and fibromyalgia, is a significant driver for the electrotherapy market. Electrotherapy modalities, such as transcutaneous electrical nerve stimulation (TENS) and electrical muscle stimulation (EMS), provide non-invasive and drug-free pain management solutions. With a growing aging population and increased sedentary lifestyles, the demand for electrotherapy to manage chronic pain and musculoskeletal disorders is expected to increase.
  • There is a growing preference for non-invasive and drug-free treatment options among patients and healthcare providers. Electrotherapy provides an alternative to medication and invasive procedures for pain management, tissue healing, and rehabilitation. The non-invasive nature of electrotherapy, along with its potential for targeted treatment, contributes to its rising adoption and market growth.

Electrotherapy Market Restraints

Limited Awareness and Availability in Developing Regions

  • The awareness and availability of electrotherapy treatments may be limited in certain developing regions. Lack of awareness among healthcare professionals and patients about the benefits and applications of electrotherapy can impede market growth. Additionally, the availability of advanced electrotherapy devices and skilled professionals may be limited in resource-constrained settings.
  • The availability of alternative treatment modalities, such as medication, surgery, and alternative therapies, can impact the adoption of electrotherapy. Patients and healthcare providers may choose other treatment options based on individual preferences, perceived effectiveness, or cost considerations, limiting the market growth of electrotherapy.

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Electrotherapy Market Competitive Landscape

The electrotherapy market is characterized by intense competition and the presence of both global and regional players. Key strategies adopted by these players include mergers and acquisitions, collaborations, partnerships, product launches, and investments in research and development. Companies are focused on developing advanced and innovative electrotherapy devices to gain a competitive edge.

Electrotherapy Market Top Player’s Company Profiles

  • BTL Industries (Czech Republic)
  • EMS Physio Ltd. (United Kingdom)
  • Enraf-Nonius B.V. (Netherlands)
  • NeuroMetrix, Inc. (United States)
  • Omron Healthcare Co., Ltd. (Japan)
  • Pure Health (United Arab Emirates)
  • STYMCO Technologies, LLC (United States)
  • HMS Medical Systems (India)
  • Tone-A-Matic (United States)
  • THERATRONICS (United States)
  • Current Solutions LLC (United States)
  • Zynex Medical (United States)
  • RS Medical, Inc. (United States)
  • Body Clock Health Care Ltd. (United Kingdom)
  • Mectronic Medicale S.r.l. (Italy)
  • PowerMedic ApS (Denmark)
  • BTL Corporate (United Kingdom)
  • Xavant Technology (South Africa)
  • GBO Medizintechnik AG (Germany)

Electrotherapy Market Recent Developments

  • In March 2023, BTL Medical, a leading provider of electrotherapy devices, announced the launch of its new Tens 9000 device. The Tens 9000 is a portable, wireless TENS device that offers a variety of treatment modes and intensities.
  • In February 2023, EMS Physio, a manufacturer of electrotherapy devices for physical therapy, announced the launch of its new iPulse TENS device. The iPulse TENS is a high-frequency TENS device that is designed to provide more effective pain relief.
  • In January 2023, Enraf-Nonius, a manufacturer of electrotherapy devices for medical professionals, announced the launch of its new E-Stim 3000 device. The E-Stim 3000 is a multi-modality electrotherapy device that can be used for a variety of treatments, including pain relief, muscle stimulation, and wound healing.

Electrotherapy Key Market Trends

Shift towards Non-Invasive and Drug-Free Therapies

  • There is a notable shift towards non-invasive and drug-free therapies, driven by patient preferences and the desire to minimize reliance on medications and invasive procedures. Electrotherapy offers a non-invasive and holistic approach to pain management, rehabilitation, and tissue healing. The growing demand for non-pharmacological and non-surgical treatment options has fueled the adoption of electrotherapy in various healthcare settings.

Electrotherapy Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analyses, the global electrotherapy market is experiencing steady growth, driven by several factors. North America dominates the market due to factors such as well-established healthcare infrastructure, high healthcare spending, and a rising prevalence of chronic pain conditions. However, the Asia-Pacific region is expected to witness the fastest growth during the forecast period, fuelled by increasing healthcare expenditure, growing awareness about non-invasive therapies, and the rising prevalence of chronic diseases. The market is driven by drivers such as technological advancements, a shift towards non-invasive and drug-free therapies, and the rising demand for portable and home-use devices.

Report Metric Details
Market size value in 2023 USD 0.77 billion
Market size value in 2031 USD 1.04 billion
Growth Rate 3.8%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Transcutaneous Electrical Neural Stimulation (TENS), Electronic Muscle Stimulator (EMS), Interferential Stimulator (IF), High Voltage Pulsed Galvanic Stimulator (HVPGS)
  • End User
    • Hospitals & Clinics, Rehabilitation Centers, Long Term Centers
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • BTL Industries (Czech Republic)
  • EMS Physio Ltd. (United Kingdom)
  • Enraf-Nonius B.V. (Netherlands)
  • NeuroMetrix, Inc. (United States)
  • Omron Healthcare Co., Ltd. (Japan)
  • Pure Health (United Arab Emirates)
  • STYMCO Technologies, LLC (United States)
  • HMS Medical Systems (India)
  • Tone-A-Matic (United States)
  • THERATRONICS (United States)
  • Current Solutions LLC (United States)
  • Zynex Medical (United States)
  • RS Medical, Inc. (United States)
  • Body Clock Health Care Ltd. (United Kingdom)
  • Mectronic Medicale S.r.l. (Italy)
  • PowerMedic ApS (Denmark)
  • BTL Corporate (United Kingdom)
  • Xavant Technology (South Africa)
  • GBO Medizintechnik AG (Germany)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Electrotherapy Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Electrotherapy Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Electrotherapy Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Electrotherapy Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Electrotherapy Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Electrotherapy Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Electrotherapy Market size was valued at USD 0.77 billion in 2021 and is poised to grow from USD 0.8 billion in 2022 to USD 1.04 billion by 2030, at a CAGR of 3.8% during the forecast period (2023-2030).

The electrotherapy market is characterized by intense competition and the presence of both and regional players. Key strategies adopted by these players include mergers and acquisitions, collaborations, partnerships, product launches, and investments in research and development. Companies are focused on developing advanced and innovative electrotherapy devices to gain a competitive edge. 'DJO (United States)', 'Medtronic Plc (Ireland)', 'BTL Industries (Czech Republic)', 'Zimmer MedizinSysteme GmbH (Germany)', 'EMS Physio Ltd. (United Kingdom)', 'Enraf-Nonius B.V. (Netherlands)', 'NeuroMetrix, Inc. (United States)', 'Omron Healthcare Co., Ltd. (Japan)', 'Pure Health (United Arab Emirates)', 'STYMCO Technologies, LLC (United States)', 'HMS Medical Systems (India)', 'Tone-A-Matic (United States)', 'THERATRONICS (United States)', 'Current Solutions LLC (United States)', 'Zynex Medical (United States)', 'RS Medical, Inc. (United States)', 'Body Clock Health Care Ltd. (United Kingdom)', 'Mectronic Medicale S.r.l. (Italy)', 'PowerMedic ApS (Denmark)', 'BTL Corporate (United Kingdom)', 'Xavant Technology (South Africa)', 'GBO Medizintechnik AG (Germany)'

The rising incidence of chronic pain conditions, such as arthritis, back pain, and fibromyalgia, is a significant driver for the electrotherapy market. Electrotherapy modalities, such as transcutaneous electrical nerve stimulation (TENS) and electrical muscle stimulation (EMS), provide non-invasive and drug-free pain management solutions. With a growing aging population and increased sedentary lifestyles, the demand for electrotherapy to manage chronic pain and musculoskeletal disorders is expected to increase.

There is a notable shift towards non-invasive and drug-free therapies, driven by patient preferences and the desire to minimize reliance on medications and invasive procedures. Electrotherapy offers a non-invasive and holistic approach to pain management, rehabilitation, and tissue healing. The growing demand for non-pharmacological and non-surgical treatment options has fueled the adoption of electrotherapy in various healthcare settings.

In 2022, Europe holds the dominant market share in the electrotherapy market, driven by various factors. These include the presence of advanced treatment facilities, government support for the healthcare industry's growth, an aging population, an increase in the incidence of chronic diseases, and high healthcare expenditure. Among European countries, Germany has the largest market share in electrotherapy, while the UK has shown the fastest growth rate.

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Global Electrotherapy Market

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