Muscle Stimulator Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Muscle Stimulator Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : October, 2020 | Medical Devices | PPT format

Report Digest


Global Muscle Stimulator Market: Snapshot

The global muscle stimulator market is foretold to increase growth as it banks on certain factors such as technological advancement in the healthcare sector, improving adoption among physiotherapists, and rising incidence of musculoskeletal disorders. There is still a large percentage of people leading unhealthy lifestyles, lacking fitness, and holding a poor body posture. This has increased the risk of musculoskeletal disorders across the world. Vendors are expected to take advantage of the rising prevalence of musculoskeletal disorders to increase their sales rate in the global muscle stimulator market.

Arthritis is a leading cause of disability in adults, as per the findings of the Arthritis Foundation in the U.S. Rising incidence of arthritis and also diabetes is foreseen to push the demand in the global muscle stimulator market. Manufacturers are anticipated to find larger success in the sale of portable muscle stimulators in the near future. These muscle stimulators are used to increase blood circulation, manage chronic pain in arthritis, provide muscle re-education, relax muscle spasms, and prevent muscle atrophy.

Muscle stimulator is used in a number of applications such as neurological disorders and pain management besides musculoskeletal disorders. Among these, pain management could emerge as a prominent application of muscle stimulator owing to the rising number of cancer and arthritis cases. Rheumatoid arthritis is also common in children and babies. This could increase the demand in the global muscle stimulator market. On the other hand, high demand for pain management due to the rise in global geriatric population is projected to push the growth of the global muscle stimulator market.

The muscle stimulator market is envisaged to show quicker growth in Asia Pacific because of the rising adoption of smart devices and improving awareness about health and fitness. Rising number of sports injuries could also stoke the demand for muscle stimulator in the region.

Global Muscle Stimulator Market: Overview

Muscle stimulators are a variety of devices that work on the principle of using electrical impulses on muscles as a way of relieving chronic pain. Techniques such as transcutaneous electrical nerve stimulation, interferential stimulation, neuromuscular electric stimulation, and burst mode alternating current are commonly utilized in muscle stimulators. Muscle stimulators are also used for improving muscle strength, muscle control, blood circulation, and toning muscles.

A variety of muscle stimulators are available in the global market and new varieties continue to flow into the global market as companies plough increased resources into R&D practices to stay ahead of competition. As technologies advance, awareness regarding to health rises, understanding regarding sports medicine becomes more profound, and healthcare budgets expand, the market for muscle stimulators is also expected to expand.

Global Muscle Stimulator Market: Trends and Opportunities

The key factors driving the global demand for a variety of muscle stimulators include the rising inclination of consumers towards fitness and sports activities and the high rate of adoption of these devices in home care settings and physiotherapy clinics. The market is also driven by rising spending power and increasing healthcare expenditure across the globe. The easy availability of many affordable muscle stimulators across the globe has also propelled the market, especially in cost-sensitive developing markets.

However, the market’s growth prospects are expected to be constrained to a certain extent owing to the lack of usage guidelines, availability of substitute products, and low awareness regarding the treatment of chronic pain. High costs of technologically advanced products could also emerge as a limiting factor for the market, especially in developing as well as less-developed economies. Moreover, stringent regulations pertaining the approval and marketing of a variety of muscle stimulators in developed economies across North America and Europe could also hinder the growth prospects of the market to a certain extent.

Global Muscle Stimulator Market: Market Potential

Muscle stimulators are commonly used for treating chronic pain in the back and legs. In the past few years, the number of people suffering from chronic pain has considerably increased. The attempts made by healthcare agencies in recognizing chronic pain as a major healthcare concern has led to an increased awareness among the global population about the need to adhere to effective courses of treatment for their chronic pain conditions. Muscle stimulators are also used by athletes for relieving pain triggered by intense practice sessions and strenuous tournaments. The rising numbers of participants in several sports activities worldwide could also propel the global muscle stimulation devices market.

Global Muscle Stimulator Market: Regional Analysis

Regions such as North America and Europe, with the presence of several international medical device companies and a large patient pool suffering from chronic pain, have been the traditional leaders of the global muscle stimulators market. The market in these regions features a wide array of product types and several new varieties awaiting FDA clearance. The willingness of the population for spending on personal healthcare and high disposable incomes are some of the major factors leading to the vast demand for a variety of muscle stimulation devices in these regions.

However, rising disposable incomes in Asia Pacific and increased healthcare expenditures will develop vast development opportunities for the muscle stimulation devices market in the region in the near future.

Some of the most prominent vendors operating in the global muscle stimulators market are Omron Corp., DJO Global, Inc., RS Medical, Inc., NeuroMetrix, Inc., and Zynex, Inc.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?