The Muscle Stimulation Devices Adoption Trends Market size is forecast to reach $672.8 million by 2026, growing at a CAGR of 4.2% during the forecast period 2021-2026. Muscle Stimulation devices are used in physical therapy, weight loss, and for elicitation of muscle contraction using electric impulses. Devices such as transcutaneous electrical nerve stimulation and electrical muscle stimulation are used to deliver low voltage electric impulses to stimulate nerves and sensory nerve endings for muscle contraction. Increasing incidences of head & spinal cord injuries and increasing use of electrical muscle stimulators by athletes to enhance their fitness and training regime are the major factors driving the growth of the market. Various strategies such as forging strategic alliances based on mutual synergies and technological advancements are set to further enhance the overall market demand for the Muscle Stimulation Devices Adoption Trends Market for the period 2021-2026.
Muscle Stimulation Devices Adoption Trends Market Segment Analysis – By Product Type
Neuromuscular Electric Stimulation held the largest share in the Muscle Stimulation Devices Adoption Trends Market in 2020 and is estimated to grow at a CAGR 4.8% during the forecast period 2021-2026. Neuromuscular Electric Stimulation sends electrical impulses to nerves and with the help of this input, it causes muscles to contract. It increases the strength and range of motions. It can also be applied to the muscles that lift the foot at the correct time during walking and results in increased strength of those muscles along with the increased range of motions at the ankle joint. Neuromuscular Electric Stimulation improves safety, ease, and efficiency. Interferential is used by physiotherapists and uses electrical current to reduce swelling pain while stimulating the muscle. Two different frequencies are applied in interferential that interfere with one another to produce a medium frequency current within the tissues. Aromatherapy improves the health of mind, body, & spirit and enhances emotional as well as physical health. Neuromuscular Electric Stimulation is set to be the highest growing segment and is estimated to register the highest CAGR over the period 2021-2026.
Muscle Stimulation Devices Adoption Trends Market Segment Analysis – By Application
Pain Management held the largest share in the Muscle Stimulation Devices Adoption Trends Market in 2020 and is estimated to grow at a CAGR 5.1% during the forecast period 2021-2026. This is attributed to the growing usage of muscle stimulators for managing acute and chronic pain along with the growing prevalence of arthritis. Around 20.4% of adults in the U.S. suffer from chronic pain and 0.8% of U.S. adults have high impact chronic pain. Owing to the increasing population that suffers from muscle pain and the growing prevalence of chronic pain is increasing the demand. Pain Management is set to be the highest growing segment and is estimated to register the highest CAGR over the period 2021-2026.
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Muscle Stimulation Devices Adoption Trends Market Segment Analysis – By Geography
North America dominated the Muscle Stimulation Devices Adoption Trends Market with a major share of 40.5% in 2020. This is attributed to the presence of a large number of key players and large investments by governments for innovations. The high purchasing power of consumers and increased adoption of advanced technologies along with innovative medical devices is also increasing the growth of the market in this region.
However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the growing awareness related to health and fitness. Increasing adoption of pain management therapies, rising usage of smart devices for maintaining health, and increasing cases of sports injuries is also increasing the growth of this region.
Muscle Stimulation Devices Adoption Trends Market Drivers
The Rising Number of People Opting for Sports and Adoption of State of the Art Techniques
The rising number of people opting for sports and the adoption of state-of-the-art techniques are increasing the growth of the Muscle Stimulation Devices Adoption Trends Market. Sports medicines and the adoption of state-of-the-art techniques help to get in shape and stay the way. It helps to connect with people from different backgrounds and become a part of a larger community. According to the National Spinal Cord Injury Statistical centre, 17,730 new spinal cord injury cases occur annually and between 25,000 and 370,000 people are currently having spinal cord injuries in the U.S. Thus, increasing the growth of the Muscle Stimulation Devices Adoption Trends Market during the forecast period 2021-2026.
Increasing Use of Electrical Muscle Stimulator by Athletes
Increasing use of electrical muscle stimulator by athletes are increasing the growth of the Muscle Stimulation Devices Adoption Trends Market. An electrical muscle stimulator is a method of eliciting muscle activity through applied electrical current and it naturally contracts in response to electrical signals sent from the brain. Athletic performance can be increased by this. An electrical muscle stimulator replicates with electrodes placed on the skin and a current runs through them from a power source. Thus, increasing the growth of the Muscle Stimulation Devices Adoption Trends Market during the forecast period 2021-2026.
Muscle Stimulation Devices Adoption Trends Market Challenges
Lack of trained professionals and lack of standard usage guidelines
Some of the factors that are set to impede the growth of the Medical Stimulation Devices Adoption Trends Market are the lack of trained professionals and lack of standard usage guidelines. Lower awareness among the general population regarding electrotherapy treatment modalities is also set to hinder the market growth.
Muscle Stimulation Devices Adoption Trends Market Landscape
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Muscle Stimulation Devices Adoption Trends Market. In 2020, the Muscle Stimulation Devices Adoption Trends Market share is consolidated by the top ten players present in the market. Muscle Stimulation Devices Adoption Trends Market, top 10 companies are DJO Global INC., Zynex Inc., Neurometrix Inc., RS Medical Inc., Omron Corporation, Beurer GmbH, and Biomedical Life Systems Inc. among others.
Acquisitions/Product Launches
In February 2019, Colfax Corporation was acquired by DJO Global Inc. for $3.15 Billion.
Key Takeaways
North America dominated the Muscle Stimulation Devices Adoption Trends Market in 2020 owing to the rising number of people opting for sports and adoption of state of the art techniques. The Muscle Stimulation Devices Adoption Trends Market scope for different regions will be provided in the final report.
High discretionary income and growing awareness among the patients are likely to aid the market growth of the Muscle Stimulation Devices Adoption Trends Market.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Muscle Stimulation Devices Adoption Trends report.
Lack of trained professionals and lack of standard usage guidelines is poised to create hurdles for the Muscle Stimulation Devices Adoption Trends Market.
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