The Electrotherapy Device market report demonstrates the industry information in well-organized manner by categorizing the market into several sub-segments such as end users, product, applications and others. The research report of Electrotherapy Device industry also analyzes the several elements that are clearly affecting the growth of the market. The complete details of the key players who are ruling the worldwide Electrotherapy Device market and regional market are also studied in this report.
Global Electrotherapy Market is set to witness a steady CAGR of 4.00% in the forecasted period of 2019-2026. This rise in the market can be attributed to the increasing usage of electrotherapy by physiotherapist and sports person and growing prevalence of chronic conditions developments in the industry.
The report of worldwide Electrotherapy Device market classifies diverse components including market growth rate, business chain and disintegration rate of specific business within the industry. The report also covers the overall revenue required for the manufacturing product and its assembling method. This Electrotherapy Device market study discusses the industrial economy related to the total value generation by the market at worldwide level, and using development cost, and techniques, capacity, alternative connected information, demand & supply of a manufactured product or given services.
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Market Definition: Global Electrotherapy Market
Electrotherapy is a therapy which uses electric energy in the medical treatment. There are different use of electrotherapy such as pain management, cardiology, tissue repair, urine and fecal incontinence. Most athletic trainers and therapists use electrotherapy system in the management of athletic injuries. Transcutaneous spinal electro analgesia, pulsed short wave diathermy, spinal cord stimulation, micro- current therapy, percutaneous electrical nerve stimulation etc. are some of the common electrotherapy treatments.
• Technology advancement and innovation in electrotherapy will drive the market growth
• Rising competitiveness and new product launches is also driving the market.
• Increasing cases of spinal injuries among population will propel the market
• Growing prevalence of chronic conditions will also act as driver for this market
• Lack of awareness about the product in developing countries is acting as restraints for the market.
• Large availability of substitute product is also hampering the market growth.
Global Electrotherapy Device Market segment by Type, the product can be split into
Global Electrotherapy Device Market segment by Application, split into
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Key Developments in the Market:
• In March 2019, Innovative Neurological Devices announced that they have received approval from FDA for Cervella Cranial Electrotherapy Stimulator which is specially designed for the treatment of insomnia, depression and anxiety. It gives electrical current to the patient’s brain. The main aim of the launch is to provide patient device which help them to treat this situation easily and provide better outcome.
• In November 2016, EMS PHYSIO announced the launch of their new Electrophysiocal Forum which is special designed so that they can provide platform to the people where they can discuss about the usage of electro physical modalities in therapy. This platform will have different researchers, experts, educator and students.
Competitive Analysis: Global Electrotherapy Market
Global electrotherapy market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of electrotherapy market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Electrotherapy Market
Few of the major market competitors currently working in the global electrotherapy market are Medtronic, AliMed, Inc., Abbott., Cogentix Medical., Zynex Medical, NeuroMetrix, Inc., DJO Global, Cyberonics, Inc, Nevro Corp, Boston Scientific Corporation, Nevro Corp., STYMCO Technologies, Omron Healthcare, Inc., Walgreen Co.
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