SAN FRANCISCO, Dec. 7, 2021 /PRNewswire/ -- The global
pulse electromagnetic field therapy devices
market is expected to reach USD 693.3 million by 2028, registering a CAGR of
7.8% over the forecast period, according to a new report by Grand
View Research, Inc. Increasing focus on the development of
advanced products is expected to boost the market growth.
Furthermore, increasing cases of sports injuries and road accidents
are expected to boost the demand for these devices, thereby
augmenting the market growth. For instance, according to the WHO,
about 1.3 million people die every year due to road traffic
crashes.
Key Insights & Findings from the report:
- The low-frequency power segment accounted for the largest
revenue share in 2020 as these devices are shown to be nonionizing
and nonthermal
- The pain relief application segment accounted for the
highest revenue share in 2020 owing to the increasing cases of
pain-related disorders
- The hospitals end-use segment dominated the global PEMF
therapy devices market in 2020 and is estimated to expand further
at the fastest CAGR from 2021 to 2028
- The home care settings segment is expected to experience the
fastest growth rate throughout the forecast period owing to the
increasing popularity of PEMF therapy devices along with increasing
social media influence
- Asia Pacific is anticipated
to be the fastest-growing regional market over the forecast period
due to the rising cases of sports injuries and fractures
Read 110 page market research report, "Pulse
Electromagnetic Field Therapy Devices Market Size, Share &
Trends Analysis Report By Application (Bone Growth, Pain Relief),
By Power (Low Frequency, High Frequency), By End-use, And Segment
Forecasts, 2021 - 2028", by Grand View Research
Strict lockdown restrictions have been put in place across
various regions to limit the spread of the COVID-19 disease. With
travel restrictions, quarantine as well as complete lockdowns in
several countries, the economy has been slackened down and is
moving into a state of recession. This has also included the
healthcare systems across the globe. Furthermore, the COVID-19
pandemic affected traumatology and orthopedics, wherein nonurgent
consultations were canceled and elective surgeries were postponed
to reduce the risk of infection for medical staff as well as
patients. Hence, the pandemic created a negative impact on the
market growth.
The U.S. FDA has approved pulse electromagnetic fields (PEMFs)
as an effective and safe treatment for nonunion of bone. After the
FDA approval, the product usage for bone repair has increased in
Europe as well as in the U.S.,
fostering the overall market growth. Also, numerous studies have
reported that the efficacy of these devices in treating nonunion
fractures, with the healing rate, ranges from 68% to 90%. Earlier
in vivo and in vitro studies demonstrated that the application of
PEMF therapy increased the expression of growth factors and
improved the local environment to facilitate the bone healing
process.
Grand View Research has segmented the global Pulse
Electromagnetic Field therapy devices market based on power,
application, end-use, and region:
- PEMF Therapy Devices Power Outlook (Revenue, USD Million,
2016 - 2028)
· Low
Frequency
· High
Frequency
- PEMF Therapy Devices Application Outlook (Revenue, USD
Million, 2016 - 2028)
· Pain
Relief
· Bone
Growth
· Others
- PEMF Therapy Devices End-use Outlook (Revenue, USD Million,
2016 - 2028)
·
Hospitals
· Home Care
Settings
· Others
- PEMF Therapy Devices Regional Outlook (Revenue, USD Million,
2016 - 2028)
North America
· U.S.
· Canada
Europe
· U.K.
· Germany
· France
· Italy
· Spain
Asia Pacific
· China
· Japan
· India
· Thailand
· Australia
Latin America
· Brazil
· Mexico
· Argentina
· Colombia
Middle East &
Africa
· Saudi Arabia
· South Africa
· UAE
List of Key Players of Pulse Electromagnetic Field Therapy
Devices Market
· Bedfont Scientific
· Orthofix Holdings
· I-Tech Medical Division
· OSKA
· Medithera
· NiuDeSai
· Nuage Health
· Oxford Medical Instruments Health
· Bemer, LLC
Browse through Grand View Research's coverage of the
Global Medical Devices Industry:
- Pain Management Devices Market – The
global pain management devices market size is expected to reach
USD 10.86 billion by 2027. Increasing
cases of chronic pain and technological advancement are driving the
market growth.
- Cryotherapy Market – The global cryotherapy
market size is expected to reach USD 8.4
billion by 2028. The market is expected to expand at a CAGR
of 10.3% from 2021 to 2028.
- Nanocapsules Market – The global
nanocapsules market is expected to reach a value of USD 4.0 billion by 2025. Nanocapsules deliver
bioactive molecules by targeted delivery and find application in
various industries such as healthcare, genetic engineering, food
science and agriculture.
Gain access to Grand View Compass, our BI
enabled intuitive market research database of 10,000+
reports
About Grand View Research
Grand View Research, U.S.-based market research and consulting
company, provides syndicated as well as customized research reports
and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425
analysts and consultants, adding more than 1200 market research
reports to its vast database each year. These reports offer
in-depth analysis on 46 industries across 25 major countries
worldwide. With the help of an interactive market intelligence
platform, Grand View Research helps Fortune 500 companies and
renowned academic institutes understand the global and regional
business environment and gauge the opportunities that lie
ahead.
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Grand View Research, Inc.
Phone: 1-415-349-0058
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Email: sales@grandviewresearch.com
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SOURCE Grand View Research, Inc.