Global Electrotherapy System Market

Electrotherapy System Market Segmentation By Product (Transcutaneous Spinal Electroanalgesia, Spinal Cord Stimulation, Electro Acupuncture, Pulsed Short Wave Diathermy and Micro Current Therapy), By Applications (Neuromuscular Dysfunction, Pain Management, Tissue Repair, Sports Injury Treatment, Acute And Chronic Edema and Iontophoresis), By End-Users (Hospitals, Long-Term Care Centers); By Region – Global Demand Analysis & Opportunity Outlook 2027

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Report ID: 867 | Published On: Apr 04, 2022
  1. Introduction
    • Market Definition
    • Market Segmentation
    • Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
  4. Research Process
    • Primary Research
    • Manufacturers
    • Distributors
    • End Users
    • Secondary Research
    • Market Size Estimation
  5. Executive Summary - Global Advanced Therapy Medicinal Products Market
  6. Analysis of Market Dynamics
  7. Drivers
  8. Trends
  9. Key Market Opportunities for Business Growth
  10. Major Roadblocks for the Market Growth
  11. Regulatory & Standard Landscape
  12. Value Chain Analysis
  13. Potential ATMP Treatment Analysis
  14. Pricing Analysis of Global Advanced Therapy Medicinal Products Market
  15. Use Case Analysis
  16. Pipeline Analysis
  17. Analysis on the Manufacturing Process
  18. Analysis of COVID-19 Impact on the Global Advanced Therapy Medicinal Products Market
  19. Analysis of End-User Market Share of Global Advanced Therapy Medicinal Products
  20. Competitive Positioning
  21. Competitive Landscape
  22. Market Share Analysis of Major Players (%), 2021
  23. Competitive Benchmarking
  24. Novartis AG.
  25. Takeda Pharmaceutical Company Limited
  26. Gilead Sciences, Inc.
  27. Bluebird Bio, Inc
  28. BioMarin Pharmaceutical Inc
  29. Vericel Corporation
  30. Mallinckrodt Pharmaceuticals
  31. UniQure N.V.
  32. JCR Pharmaceuticals Co., Ltd.
  33. Spark Therapeutics, Inc. (Parent Company: Roche)
  34. Kolon TissueGene, Inc.
  35. Global Advanced Therapy Medicinal Products Market Outlook
  36. By Value (USD million)
  37. By Product
  38. CAR-T Therapy, 2021-2031F (USD million)
  39. Gene Therapy, 2021-2031F (USD million)
  40. Cell Therapy, 2021-2031F (USD million)
  41. Tissue Engineered Product, 2021-2031F (USD million)
  42. By Disease
  43. Oncology, 2021-2031F (USD million)
  44. Genetic Disorders, 2021-2031F (USD million)
  45. CNS, 2021-2031F (USD million)
  46. Dermatology, 2021-2031F (USD million)
  47. Others, 2021-2031F (USD million)
  48. By End-User
  49. Hospitals & Clinics, 2021-2031F (USD million)
  50. Research & Academic Institutes, 2021-2031F (USD million)
  51. Global Advanced Therapy Medicinal Products Market by Region
  52. North America, 2021-2031F (USD million)
  53. Europe, 2021-2031F (USD million)
  54. Asia-Pacific, 2021-2031F (USD million)
  55. Latin America, 2021-2031F (USD million)
  56. Middle East & Africa, 2021-2031F (USD million)
  57. North America Advanced Therapy Medicinal Products Market Outlook
  58. By Value (USD million)
  59. By Product
  60. CAR-T Therapy, 2021-2031F (USD million
  61. Gene Therapy, 2021-2031F (USD million)
  62. Cell Therapy, 2021-2031F (USD million)
  63. Tissue Engineered Product, 2021-2031F (USD million)
  64. By Disease
  65. Oncology, 2021-2031F (USD million)
  66. Genetic Disorders, 2021-2031F (USD million)
  67. CNS, 2021-2031F (USD million)
  68. Dermatology, 2021-2031F (USD million)
  69. Others, 2021-2031F (USD million)
  70. By End-User
  71. Hospitals & Clinics, 2021-2031F (USD million)
  72. Research & Academic Institutes, 2021-2031F (USD million)
  73. By Country
  74. US, 2021-2031F (USD million)
  75. Canada, 2021-2031F (USD million)
  76. Europe Advanced Therapy Medicinal Products Market Outlook
  77. By Product
  78. By Disease
  79. By End User
  80. By Country
  81. UK, 2021-2031F (USD Million)
  82. Germany, 2021-2031F (USD Million)
  83. France, 2021-2031F (USD Million)
  84. Italy, 2021-2031F (USD Million)
  85. Spain, 2021-2031F (USD Million)
  86. Russia, 2021-2031F (USD Million)
  87. Netherlands, 2021-2031F (USD Million)
  88. Rest of Europe, 2021-2031F (USD Million)
  89. Asia Pacific Advanced Therapy Medicinal Products Market Outlook
  90. By Product
  91. By Disease
  92. By End User
  93. By Country
  94. China, 2021-2031F (USD Million)
  95. India, 2021-2031F (USD Million)
  96. Japan, 2021-2031F (USD Million)
  97. South Korea, 2021-2031F (USD Million)
  98. Singapore, 2021-2031F (USD Million)
  99. Australia, 2021-2031F (USD Million)
  100. Rest of Asia-Pacific, 2021-2031F (USD Million)
  101. Latin America Advanced Therapy Medicinal Products Market Outlook
  102. By Product
  103. By Disease
  104. By End User
  105. By Country
  106. Brazil, 2021-2031F (USD Million)
  107. Argentina, 2021-2031F (USD Million)
  108. Mexico, 2021-2031F (USD Million)
  109. Rest of Latin America, 2021-2031F (USD Million)
  110. Middle East & Africa Advanced Therapy Medicinal Products Market Outlook
  111. By Product
  112. By Disease
  113. By End User
  114. By Country
  115. GCC, 2021-2031F (USD Million)
  116. Israel, 2021-2031F (USD Million)
  117. South Africa, 2021-2031F (USD Million)
  118. Rest of Middle East & Africa, 2021-2031F (USD Million)

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Inflation and Looming Recession to Haunt Businesses:

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.


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Electrotherapy System Market Overview

Electrotherapy systems are mostly used by athletic trainers and therapists in the management of athletic injuries. This is used in relieving pain, elicit muscle contraction and to manage edema and chronic wound. The system is used in ion-therapy, for stimulating the motor system and in pain management programs. In neuromuscular diseases, electrotherapy is used to support voluntary movement and build muscles through the activation of muscle systems and neuro-facilitation. It is mostly used for pain management for patients who are suffering from chronic pain associated with post-surgical incisions, arthritis, and pains of the back, neck and fractures. This system is also used to increase the production of corticosteroids and vitamin D in the body. It can be used to treat inflammatory conditions associated with orthopedics, bronchitis and certain conditions associated with psoriasis. It uses energy waves of electromagnetic spectrum to create changes in body. It is able to stimulate the intracellular activities in the body that results in fast healing of wounds. Growing demand for chronic treatment methods is anticipated to foster the growth of electrotherapy system market, which is further estimated to propel the growth of the market during the forecast period (2019-2027).

Market Size and Forecast

The electrotherapy system market is anticipated to record a CAGR of 5.36% over the forecast period. The market is segmented by applications into neuromuscular dysfunction, pain management, tissue repair, sports injury treatment, acute and chronic edema, urine and fecal incontinence and iontophoresis out of which pain management segment is expected to capture a significant demand. This is primarily attributed to rising demand for extensive surgical procedures, traumas, and other indications resulting in the rising demand for efficient pain management resources. The market is also segmented on the basis of product into transcutaneous spinal electroanalgesia, transcutaneous electrical nerve stimulation, interferential current therapy, spinal cord stimulation, electro acupuncture, pulsed short wave diathermy, micro current therapy and percutaneous electrical nerve stimulation and by end-users into hospitals, long-term care centers, rehabilitation centers, clinics and others. 

Electrotherapy System Market

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Growth Drivers

Rise in Spinal Injuries & Adoption of Pain Management Programs

Rise in spiral injuries have resulted in a growing demand for efficient devices capable of minimizing the recovery time. Improper postures and sedentary lifestyle are some of the factors for such injuries. Electrotherapy treatment helps in minimizing the pain with the help of an electrode. Increasing use of innovative technologies in medical field has resulted in removing pain in small period of time. Rising demand for advanced medical equipment is expected to propel the growth of electrotherapy system market around the world.

Dynamic development of biomedical engineering results in new technical solutions applied in creating new medical devices. The devices that are currently used in physical therapies often replace traditional treatment methods. In addition, due to their rare adverse effects, physical methods shorten treatment period, improve the quality of life, and reduce therapy costs.

Growing Incidences of Chronic Diseases

Various alternative treatment options are now available to treat various diseases such as obesity & diabetes. Electrotherapy is one of the methods providing alternative treatment solutions instead of using medications for the same.


Restraints

Low Awareness

The medical field has introduced many advanced treatment options, but these are not still in the knowledge of the people. Further, ineffective reimbursement policies are also negatively impacting the adoption rate of these devices. Such factors are expected to restrain the growth of electrotherapy system market across the globe.


Electrotherapy System Market
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Market Segmentation

Our in-depth analysis of the electrotherapy system market includes the following segments:

By Product

  • Transcutaneous Spinal Electroanalgesia
  • Transcutaneous Electrical Nerve Stimulation
  • Interferential Current Therapy
  • Spinal Cord Stimulation
  • Electro Acupuncture
  • Pulsed Short Wave Diathermy
  • Micro Current Therapy
  • Percutaneous Electrical Nerve Stimulation

  By Application

  • Neuromuscular Dysfunction
  • Pain Management
  • Tissue Repair
  • Sports Injury Treatment
  • Acute and Chronic Edema
  • Urine and Fecal Incontinence
  • Iontophoresis

 By End-users

  • Hospitals
  • Long-Term Care Centers
  • Rehabilitation Centers
  • Clinics
  • Others


By Region

On the basis of regional analysis, the electrotherapy system market is segmented into five major regions North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America market is anticipated to capture the largest market share in the electrotherapy system market owing to increasing adoption of these system in treating sports injuries.

According to Chartered Society of Physiotherapy, in 2017 there has been an increasement in the number of users of physiotherapy treatment with almost 350,000 people logging in, which had increased by almost 20% in comparison to the previous year, across USA, UK, India, Canada and Australia. With growing demand for chronic diseases treatment, the market of Asia Pacific is expected to observe a substantial growth by 2027.

The electrotherapy system 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


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Top Featured Companies Dominating the Market

    • Pure Care
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Medtronic Plc
    • Boston Scientific Corporation
    • Zynex Inc
    • Nevro Corporation
    • DJO Global Inc
    • Cyberonics Inc
    • St Judge Medical
    • BTL Industries Inc
    • Uroplasty Inc
    • EMS Physio Ltd
    • Other Prominent Players

     


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