The global pulse electromagnetic field therapy devices market is anticipated to grow at a considerable CAGR of 7.6% during the forecast period. The increasing incidences of accidents and sports injuries that result in an indication of joint pain, knee pain drives the market growth. For instance, according to the National Safety Council (NSC), biking was responsible for 426,000 injuries in 2020. Exercise, with or without equipment, followed with around 378,000 injuries, while ATV, moped, and minibike use with 230,000 injuries, and skateboard, hoverboard, and scooter use, with 218,00 injuries. Additionally, the NSC reports that there were about 130,000 swimming injuries treated in emergency departments in 2020.
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Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in March 2018, Orthofix International N.V. a global medical device company that is focused on musculoskeletal healing products and value-added services announced the U.S. FDA and European CE Mark approvals for its next-generation PhysioStim bone growth stimulators. The PhysioStim devices provide a non-surgical treatment option for patients with a nonunion fracture to an extremity that has shown no visible signs of healing. These devices are built on a proprietary PEMF technology platform and will be accompanied by a new application for mobile devices, STIM onTrack.
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Market Coverage
- Segment Covered-
o By device
o By end-user
- Regions Covered
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Bedfont Scientific, Orthofix Holdings, I-Tech Medical Division, OSKA, and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Pulse Electromagnetic Field Therapy Devices Market Report by Segment
By Device
- High-frequency Devices
- Mid-frequency Devices
- Low-frequency Devices
By End-User
- Hospitals & Clinics
- Home Care Settings
- Others
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