Pune, India -- (SBWIRE) -- 10/17/2017 -- Muscle Stimulator Market-Overview:
The market for muscle stimulator is rising due to drivers such as increasing popularity of sports and increased demand for fitness products, increasing healthcare expenses and rising affordability of muscle stimulators, demand for non-invasive technology devices and growing preference for muscle stimulators among physiotherapists and other doctors. The rising population of geriatrics is also a strong stimulant. According to the world health organization by 2050, the world's population aged 60 years and older is expected to total 2 billion, up from 900 million in 2015. The world health organization also evaluates that in recent time, 125 million people are aged 80 years or older. Thus the huge rise in geriatrics globally, will drive the market due to greater frequency of muscle disorders in the geriatrics population. There has been increasing incidence of muscle diseases and disorders such as low back pain, spinal injuries which are driving the market. The rise of risk factors such as growing prevalence of diabetes, increasing incidence of accident injuries, occupational injuries are also resulting in the growth of these diseases.
Electrical muscle stimulation is a type of treatment mostly used in physical therapy or other rehabilitation settings. The two major uses for this treatment are pain relief and muscle re-education. In most situations, there is a machine that provides an electrical current. Wires from the machine are attached to adhesive patches that are placed on the skin over a predetermined area. Electrical current is then sent from the machine to the patches and delivered into the muscle tissue below, creating a sensitivity.
The market for muscle stimulator 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 2017-2023.
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The global muscle stimulator market is driven by factors such as increasing healthcare expenditure. Additionally, increased global demand for fitness products along with improved availability and affordability of muscle stimulation devices is boosting the growth of market. Developing choice for muscle stimulator among physiotherapists for the treatment of chronic pain and muscle recovery is also helping significantly to the growth of the muscle stimulation devices market. With the increasing of people who are opting for muscle stimulation devices as the therapy ensures reduction in the waist circumference, there is vigorous growth of the muscle stimulator in the market.
There are some disadvantages of electrical muscle stimulation which are somehow effecting the growth of muscle stimulator in the market, while having this treatment done, the patients skin can become irritated and develop a rash, as well as burning and bruising can also happen from the electrode/ electricity intensity, there has also been reported shocks and some pain associated with the devices. There have been few reports about people with surrounded devices, such as pacemakers and defibrillators, having trouble with interference from the electricity, even though it's very little, it can still counter act other devices, particularly implants. Although there are many advantages and disadvantages of this treatment, it is important for all patients to know and understand the risk they're taking by receiving this treatment, as well understand the need to consult a doctor before taking this treatment.
The global muscle stimulator market is expected to illustrate a healthy growth by 2023, the lack of usage guidelines along with low awareness regarding the available chronic treatment options and the availability of substitute products are major concerns for the overall growth of this market.
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Global Muscle Stimulator Market-Competitive Analysis:
NeuroMetrix, Inc, medical device company advancing patient care through the development and marketing of innovative products that aid physicians in the assessment and treatment of diseases and injuries of peripheral nerves, and that provide regional anesthesia and pain control, announced on January 2009 that it has developed certain technological and intellectual properties from Cyberkinetics Neurotechnology Systems, Inc. and Andara Life Science, Inc., a wholly-owned subsidiary of Cyberkinetics, for $350,000 in cash.
The acquired possession includes all of Cyberkinetics' rights and regulatory filings for the Andara™ Oscillating Field Stimulator (OFS™) technology for treatment of acute spinal cord injury, an investigational device designed to stimulate spinal cord repair and restore sensation; the rights to develop and commercialize a therapeutic product for peripheral nerve injury based on the Andara OFS neurostimulation technology; advancement and commercialization rights to certain derivatives of the pharmacological agent 4-aminopyridine that may be useful in the treatment of central and peripheral nervous system injury and disease and certain other intellectual property and technology.
Some of the major key players in the global muscle stimulator market are DJO Global, Inc., Mettler Electronics Corp., Axiobionics, Zynex, NeuroMetrix, Inc., OMRON Corporation, Tone-A-Matic and others.
Global Muscle Stimulator Market- Segmentation:
Global muscle stimulator market is segmented into 3 categories:
Segmentation by Product Type: Transcutaneous electrical nerve stimulator, burst mode alternating current, neuromuscular electric stimulation, and interferential current.
Segmentation by Application: Pain management, neurological and movement disorder management and musculoskeletal disorder management.
Segmentation by Region: North America, Europe, Asia Pacific and Middle East.
Global Muscle Stimulator Market- Regional Analysis:
North America primarily US holds the maximum market share because of satisfactory reimbursement situation and larger 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 which have maximum population in the world. The Middle East and Africa market will be led by the gulf nations particularly Saudi Arabia and UAE. The poor regions of Africa is expected to be a laggard due to poor economic and political conditions.
We are thankful for the support and assistance from Global Muscle Stimulator Market Research Report- Forecast To 2023 chain related technical experts and marketing experts during Research Team survey and interviews.
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