Pulse Electromagnetic Field Therapy Devices Market: Overview
The pulse electromagnetic field therapy devices market is expected to experience various growth opportunities in the years to come. These growth opportunities in the market are possible with the noticeable increase in the geriatric population around the world. In addition to this, growing awareness related to the devices for pulse electromagnetic field (PEMF) therapy is also fueling growth avenues in the market.
Technological advancements, for example, the development of miniaturized and narrow PEMF therapy devices with the use of advanced materials have also been anticipated to drive expansion avenues in the global market. In recent years, telemedicine has been integrated with these devices that are likely to expand the use of these devices in the global market.
The sudden outbreak of the novel COVID-19 is creating various obstacles in the socio-economical and healthcare aspects in this market growth.
Pulse Electromagnetic Field Therapy Devices Market: Key Trends
Trauma and road accidents commonly result in delayed union and nonunion fractures as well as severe spinal injuries. These injuries require immediate surgical treatment. These therapy devices are used for the healing process of these bones at the time of treatment of fresh fractures, fracture nonunion, delayed unions, and failed spinal fusions. In addition to this, increasing the count of patients suffering from osteoporosis is also stimulating growth in the pulse electromagnetic field therapy devices market.
The devices used for pulse electromagnetic field therapy are non-invasive and safe. These devices do not cause any noticeable side effects. Further, PEMF therapy also ensures a new alternative in order to provide treatment for different musculoskeletal disorders. The U.S. FDA has approved these devices for the treatment of non-union fractures. In addition to this, the devices are also used to treat edema, pain, plantar fasciitis, and post-operative osteoporosis.
The PEMF therapy devices provide several benefits, such as reduction of acute and chronic pain that has been related to different connective tissues, for example, inflammation control, edema as well as cartilage injury, ligaments, tendon, and bone. Thus, owing to these benefits, the pulse electromagnetic field therapy devices market has been estimated to grow at a noteworthy speed in the years to come.
On the flip side, there is a lack of understanding among healthcare professionals related to the mechanism to heal the effects of bone. In addition to this, poor experimental validation of these devices has also been expected to curtail the growth impetus in the global market.
Pulse Electromagnetic Field Therapy Devices Market: Competitive Dynamics and Key Developments
The key players serving in the pulse electromagnetic field therapy devices market have been incorporating innumerable development strategies to fuel growth avenues in the upcoming years. Some of these market strategies include regulatory product approvals, strategic collaboration, mergers and acquisitions, technological partnerships and collaborations, and product launches that have been used by the market players in order to maintain and expand the global reach of different market players across the globe.
Some key players in the pulse electromagnetic field therapy devices market are:
Pulse Electromagnetic Field Therapy Devices Market: Regional Assessment
The pulse electromagnetic field therapy devices market has been bifurcated on the basis of geographical locations such as Europe, the Middle East & Africa, North America, Latin America, and Asia Pacific. Among these global regions, North America has been projected to hold a noticeable share in the market revenue in the forthcoming years. The market growth has been due to the rising count of patients that are suffering from osteoarthritis and osteoporosis in Canada and the U.S. In addition to this, the rising trend for the minimally invasive processes and well-developed healthcare infrastructure in the region have been projected to fuel growth avenues in the years to come.
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