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Muscle Stimulation Devices Market Size, Share and Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032
- Report ID: GMI2748
Muscle Stimulation Devices Market size is anticipated to register considerable growth over 2023 and 2032, owing to rising prevalence of muscle injuries, chronic pain, and other ailments across the globe. As per WHO, nearly 1.71 billion people have musculoskeletal conditions globally. High occurrence of these conditions has proliferated the demand for muscle stimulation devices for pain management. Many sports enthusiasts today are increasingly opting for these devices for rehabilitation to recover from injury.
Recent innovations in electrical muscle stimulation (EMS) technology have make it possible for muscle stimulation devices to be more portable and low-cost. This has allowed them to become more widely used in homes, hospitals, clinics, and other healthcare settings.
Based on product, muscle stimulation devices market from transcutaneous electrical nerve stimulator (TENS) segment is poised to observe substantial gains by 2032. Increasing prevalence of muscle-related sports injuries, chronic pain, and others has bolstered the progression for TENS. Many muscle stimulation device manufacturers are coming up with innovative transcutaneous electrical nerve stimulators with advanced technologies which are likely to favour their adoption.
Based on application, muscle stimulation devices market from pain management segment is slated to observe considerable revenue by 2032. Surging instances of chronic pain have proliferated the expansion for muscle stimulation devices for pain management applications. Many market leaders are constantly engaged in developing innovative products to cater to growing consumer demand.
From the regional standpoint, Europe muscle stimulation devices market is poised to exhibit a notable CAGR by 2032. Rising occurrence of muscle injuries, chronic pain, and other ailments in Europe has bolstered the development for muscle stimulation devices. As per credible sources, chronic pain affects nearly 100 million people across Europe, which translates to 1 in every 5 adults. Moreover, increasing elderly population in Europe, which is highly susceptible to chronic pain, has also created an elevated progress for the product.
The list of leading muscle stimulation devices industry players includes names such as DJO Global Inc. (Colfax Corporation), Omron Corporation, NeuroMetrix Inc, and Axiobionics, among others.
Impact of Russia-Ukraine war on muscle stimulation devices market
The Russia-Ukraine war had a negative impact on healthcare sector due to disruptions in raw material supplies. Both nations have essential raw materials used for manufacturing diagnostic devices. However, geopolitical tensions worsened the important trade links, hampering the industry progress. Despite these issues, governments across the world are putting consolidated efforts towards ending the conflict, which is likely to help revive the economy and bring some recovery to the industry.
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