Product ID: UCMIG35A2447
Transcutaneous Electrical Nerve Stimulation Market Size, Share, Growth Analysis, By Application(Chronic Pain, Arthritis), By End-use(Hospitals, Physiotherapy Clinics), By Region(North America, Asia Pacific) - Industry Forecast 2024-2031
Report ID:
UCMIG35A2447 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Transcutaneous Electrical Nerve Stimulation Market Insights
Market Overview:
The worldwide market for transcutaneous electrical nerve stimulation (TENS) reached a valuation of USD 300 million in the year 2021. It is anticipated to witness a steady growth trajectory, with a projected compound annual growth rate (CAGR) of 3.84% from 2022 to 2030. TENS is a non-invasive pain management technique that utilizes low-voltage electrical currents to provide relief from various types of chronic and acute pain conditions. The rising prevalence of musculoskeletal disorders, coupled with the growing demand for drug-free pain management solutions, is expected to drive the market's expansion over the forecast period. Factors such as technological advancements, increasing awareness, and favorable reimbursement policies are also likely to contribute to the market's growth in the coming years.
Transcutaneous Electrical Nerve Stimulation Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Transcutaneous Electrical Nerve Stimulation Market Report Snapshots
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