Market Insights
Muscle stimulators use electrical currents to produce contractions in muscles. These electrical signals have the intensity and frequency which mimics the body's nerve signal system. It has a number of uses in rehabilitation and prevention of muscle problems in immobilized patients and as a strengthening or evaluation tool for healthy individuals as well as patients being examined. Market Research Future has performed a thorough study of the global muscle stimulator market trends which has calculated the growth of the market at a CAGR of 3.84% during the forecast period which ranges from 2023 to 2032. Various factors have been considered, and MRFR has concluded that growth of the market at the above-mentioned CAGR is expected to result in a market value of USD 0.6747 Bn by the end of 2023.
The increasing popularity of sports and the increased demand for fitness products & services is expected to drive demand over the review period. The prevalence of chronic diseases due to a sedentary lifestyle and poor lifestyle habits have resulted in high healthcare expenditure as well as an increase in the affordability of muscle stimulators. The growing prevalence of sports and the use of muscle stimulators to test muscle function as well as recovery tool post exercise is a key factor driving the growth of the global muscle stimulator market. Innovations in the market include the development of workout programs and fitness services which use muscle stimulators to maximize muscle function and get the most out of the workout. The curiosity surrounding such novel services is expected to drive the market. Moreover, the presence of a large geriatric population with a high demand for muscle stimulators to aid muscle ailments is expected to drive the global muscle stimulator market. Prevalence of diabetes, an increasing number of accidents due to a rising population, and occupational injuries are other factors driving the market.
Market players are increasingly employed technological advancements to develop new and improved muscle stimulators in the market aimed at various ailments and purposes. As such, the market is expected to witness various new opportunities for the growth of the market. However, the market is restrained by the presence of various alternative therapies which may be more affordable or effective.
Market Segmentation
Division of the global muscle stimulator market's various segments in MRFR's report has been performed on the basis of product, application, and region. Products in the muscle stimulator market insights include burst mode alternating current, transcutaneous electrical nerve stimulator, neuromuscular electric stimulation, and interferential current. The transcutaneous electrical nerve stimulator has been observed to have captured the largest share in the market and is expected to retail leadership position throughout the forecasted period.
Applications of muscle stimulators include neurological & movement disorder management, pain management, and musculoskeletal disorder management.
Regional Analysis
North America due to the presence of the U.S in the region accounts for the lions share of the global market due to the presence of favorable reimbursement schemes as well as the presence of a substantially developed healthcare sector. The presence of several market players in the region also promotes the region's growth. Europe has been identified as the second largest regional market due to the presence of rising awareness regarding the use of muscle stimulators as well as the high disposable income present in the region.
The Asia Pacific is expected to grow at the highest pace with the most significant CAGR due to large unmet needs in the region. The demand for products like muscle stimulators is growing, and the market is supported by the rising expenditure on the healthcare sector. The reforms in the healthcare sector combined with the rise in disposable income in emerging economies is expected to drive significant growth in the foreseeable future.
Key Players
muscle stimulator market players Tone-A-Matic, Zynex, DJO Global, Inc., NeuroMetrix, Inc., OMRON Corporation, Axiobionics, Mettler Electronics Corp. and others have been identified in MRFR's competitive analysis of the global muscle stimulator market.
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