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Electronic Muscle Stimulator Market

Segmentation by Product Type (Neuromuscular Electrical Stimulation, Functional Electrical Stimulation, Transcutaneous Electrical Nerve Stimulation, Interferential, Burst Mode Alternating Current, Micro Current Electrical Neuromuscular Stimulator and Others); by Modality Type (Handheld, Portable, and Table Top Devices); by Application; and by End User – Global Demand Analysis and Opportunity Outlook 2030

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Report ID: 3225 | Published On: Feb 09, 2023
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Global Electronic Muscle Stimulator Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The market in the Asia Pacific is predicted to grow at the highest CAGR over the forecast period owing to the increasing awareness about health and fitness, growing adoption of pain management therapies and rising use of smart devices for maintaining health. The growth of the market in this region can also be attributed to the escalating governmental and non-governmental agencies expenditure on improving healthcare infrastructure. According to the World Bank, for China, the share of health expenditure as percentage of GDP has increased to 5.35% in 2018, up from 5.15% in 2017. Moreover, increasing cases of sports injuries in this region is also assessed to boost market growth in this region. Furthermore, the market in North America is evaluated to occupy the largest share during the forecast period, owing to the strong presence of market players and early adoption of advanced muscle stimulators. Moreover, increasing implementation of advanced technologies in the medical industry, coupled with high purchasing power of consumers are further expected to drive market growth in this region. Europe is projected to be the second largest shareholder in the market ascribing to good healthcare infrastructure and advancements in technology. Rising prevalence of cancer within the region is also evaluated to contribute to the market growth. As per the reports of WHO, Europe holds only the one eighth of the total world population but has around one quarter of the total cancer cases, with about 3.7 million new patients per year.  

The global electronic muscle stimulator market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis


Electronic Muscle Stimulator Market Graph
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Major Macro-Economic Indicators Impacting the Market Growth
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Healthcare Expenditure Graph

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.


Market Segmentation

Our in-depth analysis of the global electronic muscle stimulator market includes the following segments:

By Product Type

  • Neuromuscular Electrical Stimulation
  • Functional Electrical Stimulation
  • Transcutaneous Electrical Nerve Stimulation
  • Interferential
  • Burst Mode Alternating Current
  • Micro Current Electrical Neuromuscular Stimulator
  • Others

By Modality Type

  • Handheld
  • Portable
  • Table Top

By Application

  • Pain Management
  • Neurological Disorder
  • Musculoskeletal Disorder
  • Others

By End-User

  • Hospitals
  • Ambulatory Surgical Centers
  • Physiotherapy Clinics
  • Sports Clinics
  • Home Care

Growth Drivers

  • Rising Prevalence of Cancer and Arthritis
  • Rise in Government and Non-Government Initiatives for Development of Muscle Stimulator Devices

Challenges

  • High Cost of Muscle Stimulator Devices
  • Time Taking Approval Procedures


Healthcare Expenditure Graph
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Top Featured Companies Dominating the Market

    • DJO Global Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • NeuroMetrix, Inc.
    • OMRON Corporation
    • BioMedical Life Systems Inc.
    • Zynex, Inc.
    • EMS Physio Ltd.
    • Beurer GmbH
    • Just Fitter
    • EMS Physio Ltd.
    • RS Medical, Inc.

In The News

  • April 2021: A new Tyson studio is launched in the US, which uses Personal20, an electronic muscle stimulation (EMS) training program. The makers of the device claim that its workout gives users the effects of a full 90-minute workout in within 20 minutes. It uses electrodes that stimulate the muscles being used during workout.
  • September 2020: NeuroMetrix launched Quell app for Apple Watch, which is the first ever smart watch app to stimulate over-the-counter pain relief.

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the electronic muscle stimulator market?

Ans: Rising prevalence of cancer and arthritis and increasing government and non-government initiatives for development of muscle stimulator devices are the key factors driving market growth.

2) What would be the CAGR of electronic muscle stimulator market over the forecast period?

Ans: The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2022-2030.

3) What are the challenges affecting the electronic muscle stimulator market growth?

Ans: High cost of muscle stimulator devices and time taking approval procedures are estimated to hamper market growth.

4) Which region will provide more business opportunities for growth of electronic muscle stimulator market in future?

Ans: The market in Asia Pacific region will provide ample growth opportunities owing to the increasing technological advancements and rising awareness about fitness.

6) How are the company profiles selected?

Ans: The company profiles are selected on the basis of revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) Who are the major players dominating the market?

Ans: The major players dominating the global electronic muscle stimulator market NeuroMetrix, Inc., OMRON Corporation, BioMedical Life Systems, Inc., Zynex, Inc., among others.

8) What are the segments in the electronic muscle stimulator market?

Ans: The market is segmented by product type, modality type, application, end user, and by region.

8) Which segment under the application segment captures the largest market size in the electronic muscle stimulator market?

Ans: With respect to application, the pain management segment grabs the largest market share owing to the increasing geriatric population that suffers from muscle pain and growing prevalence of chronic pain disorders.

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