The global pulse electromagnetic field therapy devices market size was USD 421.1 Mn in 2022 and is likely to reach USD 761.3 Mn by 2031, expanding at a CAGR of 7.4% during 2023–2031. The market growth is attributed to the increasing demand for pain relaxation devices and rising awareness regarding the benefits of pulse electromagnetic field therapy devices.
Pulse electromagnetic field therapy devices transfer magnetic energy waves into the body to improve healing by providing a natural magnetic field to human body. The magnetic field aid to increase more electrolytes and ions. Pulse electromagnetic field therapy produces a narrative alternative for the treatment of various musculoskeletal disorders.
Road accidents, fractures, trauma, severe spinal injuries, and sports injuries have increased the demand for pulse electromagnetic therapy devices for bone healing effects during treatment. Pulse electromagnetic field therapy devices are secure and intraoperative with no remarkable side effects.
There are several benefits of pulse electromagnetic therapy devices including reducing chronic and acute pain related to several connective tissues, ligaments, cartilage injury, bone healing, and edema. The benefits of these devices are expected to advance market growth. Pulse electromagnetic field therapy has the capacity to alter body's natural energy and restoring cells or tissues.
COVID-19 Impact on Pulse Electromagnetic Field Therapy Devices Market
The market report finds that COVID-19 pandemic affected the growth of pulse electromagnetic field therapy devices market for some period of time as the patients are restricted from therapy due to fear of coronavirus infection. The supply chain of products disturbed, owing to travel restrictions.
The restart of the economies globally, the product order is likely to increase momentum. The beginning lockdown period and stay at home rules have reduced physical activity of the individuals. The work from home trend has resulted in sitting hours and becoming more body painful. Increase in demand for advanced therapeutic devices to maintain the body's natural energy.
Pulse Electromagnetic Field Therapy Devices Market Dynamics
The research report presents a complete market overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges.
The global pulse electromagnetic field therapy devices market report has up-to-date insights about market scenarios that can shape the overall market performance and condition during the forecast period, 2023 to 2031.
What are the Trends of Pulse Electromagnetic Field Therapy Devices Market?
The rising use of PEMF therapy devices provide body’s cells by generating energy without interfering surgery. The market value for the pulse electromagnetic field therapeutic equipment industry, such leads to interpret into growth opportunities. PEMF therapy drives the body's natural energy. PEMF therapy devices assist in the development of sports performance and effectively quick recovery of injuries.
What are the Drivers of Pulse Electromagnetic Field Therapy Devices Market?
Pain relaxation devices not only aid in minimizing pain, but also in relief swelling caused by accidents and fractures, which boosts the use of the pain relief applications. Increasing demand for pain relief applications segment for different body pain is expected to drive the growth of the pulse electromagnetic field therapy devices market during the forecast period.
The market growth is being handled primarily by enlarging wellness industry as well as the increasing demand and receiving of alternative therapies.
The pulse electromagnetic field therapy devices have numerous advantages, such as the relaxing of chronic and acute pain similar to a variety of connective tissue, such as tendon, cartilage injury, and ligament. Through the treatment of new fractures, failed spinal joining, delayed joining, and unorganized fractures, PEMF therapy devices help to energize bone repair.
What Restraints Pulse Electromagnetic Field Therapy Devices Market?
The pulsed electromagnetic field therapy devices market is mannered by poor investigational validation and less understanding of the procedure of the bone healing effect accomplish by pulse electromagnetic field therapy.
The indefinite and insufficient affirmation coupled with the less support from the main line healthcare sector has considerably limited the application of pulse electromagnetic field therapy devices. The suppress of pricing, owing to the huge market demoralization and the large amount and underpricing of the market, makes the price a more significant value plan for the pulse electric field therapy devices market.
What are the Opportunities in Pulse Electromagnetic Field Therapy Devices Market?
The product development represents the major market opportunity, and numerous players have begun to launch ergonomic devices. Close association with healthcare clinics as well as major advertising and marketing are critical since they have a significant influence on buying decisions.
The consequence of close association with retailers can be assigned to self-situated. Advancements in technology such as the development of abbreviated, narrow pulse electromagnetic field therapy devices using advanced materials, and motorized patterns of varying pulse electromagnetic field therapy devices.
Scope of Pulse Electromagnetic Field Therapy Devices Market Report
The global pulse electromagnetic field therapy devices market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Pulse Electromagnetic Field Therapy Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2020–2021
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Forecast Period
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2023–2031
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Segmentation
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Frequency Type (Low-frequency Devices and High-frequency Devices), Application (Bone and Tissue Healing, Pain Management, and Others), and End-user (Hospitals & Clinics, Diagnostic Centers, Home Care Settings, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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Bedfont Scientific; Orthofix Holdings; I_Tech Medical Division; OSKA; Medithera; NiuDesai; Nuage Health; Oxford Medical Instruments Health; and Bemer, LLC.
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Pulse Electromagnetic Field Therapy Devices Market Segment Insights
What are the key factors driving the Frequency Type segment?
Based on frequency type, the pulse electromagnetic field therapy devices market is divided into low-frequency devices and high-frequency devices.
The low-frequency devices segment is expected to expand at a significant growth rate during the projection period. Low frequency PEMF devices use magnetic fields with usually medium-high strength but at low frequencies. These devices are considered for the treatment of bone joining and hard tissues. The segment growth is further attributed to the increasing usage of low frequency.
The high-frequency devices segment is anticipated to hold a major share of the market in the coming years. High- frequency PEMF devices are suitable for the treatment of every condition affecting soft tissues such as tendons and muscles. These devices improved edema and neck pain as a sign of acute stroke. The segment growth is further attributed to the rising demand of high-frequency devices for various types of treatment.
What are the key factors driving the Application segment?
On the basis of application, the global market is segregated into bone and tissue healing, pain management, and others.
The bone and tissue healing segment is projected to register a considerable CAGR during the forecast period. Pulse electromagnetic fields act on osteoblasts and bone, influencing its metabolism, in spite of the poor perception of basic mechanisms. PEMF therapy has the potential to alter body systems and restore cells or tissues, and overreaction is expected to occur in patients. The segment growth is further attributed to the rising demand for PEMF therapy for bone and tissue healing.
The pain management segment is anticipated to account for a major market share in the coming years. The people with neck pain as a sign of acute stroke, chronic pain, and acute pain, PEMF therapy provides an optimal magnetic field that helps to reduce pain and strengthens the expansion and contraction of cells by curing and regenerating damaged tissues. The segment growth is further attributed to rising cases of acute pain and chronic pain among adults.
What are the key factors driving the End-user segment?
On the basis of end-user, the pulse electromagnetic field therapy devices market is segmented into hospitals & clinics, diagnostic centers, home care settings, and others.
The hospitals & clinics segment is expected to register a robust growth rate during the forecast period. Rising road accidents, musculoskeletal, and trauma mostly result in spinal injuries, fractures, osteoarthritis, ligament, and cartilage injury increase the PEMF therapy. Hospitals and clinics are the prominent choice of patients to visit for acute and chronic pain and several bone disorders. The PEMF therapy devices are safe and intraoperative with no significant side effects. The segment growth is further attributed to increasing cases of road accidents, bone and tissue healing.
The diagnostic centers segment is projected to hold a large market share in the coming years. Due to the increasing awareness regarding pain management. PEMF therapy helps to increase circulation, accelerating bone healing, enhancing muscle function, reducing the effects of stress, and improving blood oxygenation. The segment growth is further attributed to increasing healthcare awareness among people and product advancements.
Why is North America being Dominating the Pulse Electromagnetic Field Therapy Devices?
In terms of region, the global pulse electromagnetic field therapy devices market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.
North America is expected to dominate the market during the projection period. Rising numerous patients suffering from osteoarthritis and osteoporosis is anticipated to drive the demand for PEMF therapy devices. The going on transition towards slightly invasive procedures is anticipated to enhance regional growth. Moreover, the regional market growth is due to the well-developed healthcare structure in the U.S. and is expected to drive product demand.
The market in Asia Pacific is anticipated to expand at a rapid pace in the coming years. Increasing awareness related to the commercial availability of PEMF therapy devices and regularly improving healthcare infrastructure are expected to accelerate market growth. The increasing popularity of home healthcare and the rising geriatric population in several developed economies of Asia Pacific is also anticipated to fuel the regional market growth.
Segments
The global pulse electromagnetic field therapy devices market has been segmented on the basis of
Frequency Type
- Low-frequency Devices
- High-frequency Devices
Application
- Bone and Tissue Healing
- Pain Management
End-user
- Hospitals & Clinics
- Diagnostic Centers
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global pulse electromagnetic field therapy devices market are Bedfont Scientific; Orthofix Holdings; I-Tech Medical Division; OSKA; Medithera; NiuDesai; Nuage Health; Oxford Medical Instruments Health; Bemer, LLC. The market report provides in-depth insights into growth strategies and development initiatives implemented by the key players in the market.
These major companies adopt various business development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production capacity expansion to expand their consumer base and enhance their market share.
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