Muscle Stimulation Devices Market Challenges, Opportunities, Size, Trends and Forecast To 2028
The performance of the global Muscle Stimulation Devices Market is expected to Sales in the global Muscle Stimulation Devices Market are slated to top US$ 694.7 Mn in 2022 Expanding at a healthy 3.9% CAGR, the market size is projected to total US$ 874.4 Mn by 2028.
witness immensely impactful developments, with potential improvements in the recovery of stroke through nerve stimulation. With rising rate of AIS (acute ischemic stroke), the focus has been shifted to improving the associated stages of stroke care, including prevention, intervention, and rehabilitation. The Ohio State University has been conducting a new clinical trial to shorten the motor skills recovery period in stroke patients, via VNS (vagus nerve stimulation).
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The trial involves the use of a
device – Vivistim, which has been developed by Micro Transponder, a
Dallas-based company. The device functions by coupling VNS with the muscle
movement, during rehabilitation. It is supposed to build up the motor function,
learning, and memory, drastically improving the post-stroke outcome thereby.
This nerve stimulation therapy, if
used in tandem with appropriate interventions, can potentially result in
excellent rehabilitation, minimizing the impact of complications that may
follow the treatment process. If Vivistim delivers positive results and enables
stroke patients to regain their motor function early, the market participants
may witness multiple doors of opportunities in the rehabilitative treatment
area.
Key Companies to Focus on Strong
Distribution Channel Development & Suppliers to Strengthen Presence in
Emerging Markets
New and innovative product launches
such as wireless devices are being considered by manufacturers as the key to
achieve enhanced device capabilities, which is presumed to trigger sales in
long term. To expand market shares and improve distribution network through the
next decade, several players are prioritizing strategic partnerships, i.e.
distribution agreements for their product offerings. Enhanced distribution will
also help the stakeholders penetrate various untapped regional markets.
Key players in the global muscle
stimulation devices market are focusing on development of new pain management
methods and techniques. Adoption of innovative marketing strategy by muscle
stimulation device manufacturers is attributed to their gradually increasing
market value share. Increased focus on strengthening of distribution channel
will reportedly be the key for market expansion in emerging economies. On the
flipside, suppliers are likely to consider patient needs as a top priority,
while ensuring the supply of high-quality products to end users. Stakeholders
are strengthening product portfolio by launching new products with improved
features, and through strategic mergers and acquisitions. Moreover, a growing
number of local players in the Electric Muscle Stimulators is expected to result
in creating a fragmented market, since the market is already led by
smaller-sized firms catering to domestic customer demands.
Muscle Stimulation Devices to Face
Passive Growth
Despite immense scope for innovation
in product development and applications, the global market for muscle
stimulation devices is projected to observe sluggish growth over the next
decade. As prompted by a recent research study by Future Market Insights, the
global muscle stimulation devices market will expand at a CAGR of 3.9% during
2018-2028, attaining a value of over US$ 870 Mn by 2028 end. High price point
will remain a longstanding factor limiting widespread adoption of muscle
stimulators. Stringent regulatory norms regarding the launch and use of muscle
stimulation devices is also anticipated to hinder market growth in upcoming
decade.
By value, North America and Western
Europe are expected to represent the dominant markets for muscle stimulation
devices, whereas developing economies such as APEJ, Latin America, and Eastern
Europe will reportedly exhibit relatively promising performance over the
projection period.
Key Companies Profiled
- DJO Global Inc.
- Zynex Inc.
- Neurometrix Inc.
- R.S. Medical Inc.
- Omron Corporation
Key Segments
The next section analyses market on
the basis of product type and presents forecast in terms of value (US$ Mn) for
the next 10 years. Product types included in the report are-
- Neuromuscular Electric Stimulator (NMES)
- Transcutaneous Electric Nerve Stimulator (TENS)
- Interferential (If)
- Burst Mode Alternating Current
The next section analyses market on
the basis of indication and presents forecast in terms of value (US$ Mn) for
the next 10 years The global muscle stimulation devices market is segmented on
the basis of application into:
- Pain Management
- Neurological & Movement Disorder Management
- Musculoskeletal Disorder Management
The next section analyses the market
on the basis of the end user and presents forecast in terms of value (US$ Mn)
for the next 10 years. On the basis of the end user, the global muscle
stimulation devices market is categorized into:
- Hospitals
- Physiotherapy Clinics
- Sports Clinics
- Home Care Settings
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