USD 719.18 million
Report ID: SQMIG35A2618 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 124 | Figures: 77
Muscle Stimulator Market size was valued at USD 719.18 million in 2021 and is poised to grow from USD 747.23 million in 2022 to USD 1014.79 million by 2030, growing at a CAGR of 3.9% in the forecast period (2023-2030).
The primary drivers of the market include the rising use of muscle stimulators among physiotherapists, advances in technology in medical devices, and the focus on pain management treatments in sports medicine. Additionally, the increased frequency of musculoskeletal illnesses among people is anticipated to fuel market expansion.
Musculoskeletal diseases are frequently brought on by bad posture, a lack of exercise, and unhealthful eating patterns. The National Centre for Biotechnology Information, or NCBI, reported that musculoskeletal problems affected about 41.0% of the population of Great Britain.
Additionally, the launch of cutting-edge technologies like wearable muscular stimulator devices is anticipated to fuel market expansion in the upcoming years. For instance, muscle tension and soreness are avoided by using PowerDot, a small and wearable muscle stimulation introduced in 2021. Additionally, the market players are seeing chances for expansion due to the rising demand for wireless and transportable muscle stimulators and their connectivity with smartphones.
Physiotherapists' increasing demand for muscle stimulators is further promoting market expansion. Muscle stimulators are replacing manual approaches as the preferred method of treatment for patients in clinical & home care settings since they are more efficient and take up less time. Anterior Cruciate Ligament (ACL) tears, hip flexor strains, and hamstring strains in athletes who need muscle stimulation therapy are further factors that are expected to fuel growth.
However, the astronomical cost of a muscle stimulator is pushing many to choose less expensive alternatives like yoga, acupuncture, & aromatherapy. Due to its accessibility and adaptability, yoga & acupuncture are favored in emerging nations like China and India. The rising use of alternative therapies is also being influenced by a lack of guidelines for the use of muscle stimulators. The patient population's adoption of alternative remedies is preventing the industry from expanding.
US Muscle Stimulator Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 719.18 million
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The global muscle stimulator market is classified in terms of product type, modality, application, end-use, and region. Based on product type, the market is segmented into neuromuscular electrical stimulation, functional electrical stimulation, transcutaneous electrical nerve stimulation, interferential, burst mode alternating current, microcurrent electrical neuromuscular stimulator, and others. Based on modality, the market is segmented into handheld, portable, and table top. With respect to application, the market is segmented into Pain Management, Neurological Disorder, Musculoskeletal Disorder, and others. Based on end-use, the market is segmented into Hospitals, Ambulatory Surgical Centers, Physiotherapy Clinics, Sports Clinics, and Home Care. Based on region, the global Muscle Stimulator Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Product Type
In terms of items, the Transcutaneous Electrical Nerve Stimulation (TENS) industry dominated the market in 2022, and it is projected that this dominance will last during the forecast period. Some of the significant reasons fueling the market's growth include the rising prevalence of arthritis & the rise in sports injuries. Over the forecast period, the rising prevalence of arthritis is anticipated to fuel growth.
On the other hand, during the projected period, Neuromuscular Electrical Stimulation (NMES) is anticipated to experience the quickest growth. In patients who experienced upper motor nerve impairment from a stroke and spinal cord injury (SCI), this muscle stimulation is primarily utilized to replace or recover motor capabilities. According to a factsheet provided by the National Spinal Cord Injury Statistics Centre, there are currently 291,000 persons living with SCI in the U.S., and there are around 17,730 new cases reported each year. Over the predicted period, it is anticipated that demand for NMES will rise as SCI prevalence rises.
Analysis by Modality
The market is divided into handheld, portable, & table top devices based on modality. The market was dominated by the portable devices segment in 2022, which is predicted to experience the highest CAGR of 4.2% over the forecast period. It is widely used to employ portable muscle stimulators to stop muscular atrophy, reduce muscle spasms, treat chronic arthritic pain, and enhance blood circulation. In addition, numerous major market manufacturers are providing a variety of cutting-edge stimulators under this category.
For instance, the business NeuroMetrix, Inc. produces a portable pain treatment package that includes a TENS unit that patients can wear like a brace and stimulates to relieve pain. JetStream is a portable system that can be used for therapy at home, provided by Zynex, Inc. A portable TENS device for electrotherapy that is currently available from OMRON Corporation can be used to treat aching and sore muscles. Over the course of the forecast period, these factors are likely to fuel the expansion of the worldwide muscle stimulator market.
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North America is anticipated to remain dominating the market during the projected period. The region's development is being supported by the existence of key players, sizable government investments in the research and development of medical devices, and the early release of cutting-edge muscle stimulators. Additionally, it's expected that consumers' strong purchasing power, increased use of cutting-edge technology, and innovative medical equipment will drive the increase.
The region expected to develop at the fastest rate over the projected period is Asia Pacific. The acceptance of pain management therapies, the usage of smart devices to maintain health, and the knowledge of health and fitness are the primary growth drivers in the region. Over the course of the projection period, it is also projected that the increase in sports injuries in this area will raise demand for muscle stimulants.
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Increasing Prevalence of Musculoskeletal Disorders
Lack of Awareness and Education
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The competitive landscape in the muscle stimulator market is characterized by the presence of several key players offering a range of products and competing based on factors such as product innovation, technology advancements, pricing, and distribution networks. These companies have a strong market presence and offer a variety of muscle stimulator devices catering to different applications, including pain management, muscle rehabilitation, sports performance, and fitness training. They compete in terms of product features, technological advancements, pricing strategies, distribution channels, and customer support. Some players focus on specific segments, such as professional healthcare providers, while others target individual consumers. Additionally, mergers, acquisitions, partnerships, and new product launches are common strategies employed by these key players to strengthen their market position and expand their product portfolios.
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According to our global Muscle Stimulator Market analysis, the rising use of muscle stimulators among physiotherapists, advances in technology in medical devices, and the focus on pain management treatments in sports medicine are the primary drivers. Additionally, the increased frequency of musculoskeletal illnesses among people is anticipated to fuel market expansion. Regionwise, North America holds dominance with Asia Pacific in close competition. Advent of better healthcare therapeutic options and technology are projected to help augment market growth in the near future.
|Market size value in 2021
|USD 719.18 million
|Market size value in 2030
|USD 1014.79 million
|Forecast Unit (Value)
|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)
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Parent Market Analysis
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MARKET DYNAMICS & OUTLOOK
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For the Global Muscle Stimulator 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 Global Muscle Stimulator 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.
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