Muscle Stimulation Devices Market Size Likely to be valued at US$ 980.8 Million, With a CAGR of 3.8% by The End of 2030

June 7th, 2023 Coherent Market Insights Releases

The global muscle stimulation devices market is estimated to be valued at US$ 756.7 million in 2023 and is expected to exhibit a CAGR of 3.8% during the forecast period (2023-2030), according to a new report by Coherent Market Insights Inc.

In order to induce a muscular contraction, muscle stimulation devices utilize electric impulses as their primary means of action. Physical rehabilitation and weight loss are two of the applications for these gadgets. The Food and Drug Administration (FDA) is the agency in the United States that is in charge of regulating the use of muscle stimulation devices. Both transcutaneous electrical nerve stimulation (TENS) and electrical muscle stimulation (EMS) use electric impulses of low power to activate nerves. TENS stands for transcutaneous electrical nerve stimulation. TENS is utilized in order to stimulate the sensory nerve endings, whereas EMS is utilized in order to constrict the muscles.

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Competitive Landscape:

The given section on the global Muscle Stimulation Devices Market will include an extensive examination of the various players in this industry, their respective company overviews, an analysis of existing product portfolios, financials, etc. We even include a supply-chain analysis, a PEST analysis, market probability scenarios, Porter's Five Forces analysis, and other related frameworks that are meant to aid in the expansion of your reputed organization. The specific application of these given findings allows all our clients to apply essential yet accurate data when formulating the most-suitable business strategies with the aim of improving their business’ footprint in this global industry.

Top Key Players:

★ Caladrius Biosciences★ Vericel Corporation★ Fibrocell Science Inc.★ Genzyme Corporation★ BrainStorm Cell Therapeutics★ Regeneus Ltd.★ Dendreon Corporation.

During the course of the period covered by this estimate, an increase in the number of head and spinal cord injuries is anticipated to drive development in the global market for muscle stimulation devices. For example, researchers at the National Spinal Cord Injury Statistical Center at the University of Alabama at Birmingham report that as of the year 2019, 17,730 new cases of spinal cord injuries are diagnosed each year, and between 249,000 and 363,000 people in the United States are currently living with spinal cord injuries.

In addition, a large number of athletes and people interested in fitness utilize electrical muscle stimulators to improve their fitness and the effectiveness of their training routines. To further improve the effectiveness of workout regimens, these gadgets are also utilized in fitness centers and home care settings. In order to get their muscles ready for competition, athletes at the professional level utilize electrical muscle stimulators. The occurrence of such a scenario is also anticipated to contribute to the expansion of the market.

In 2019, the North American region had the dominating position in the global market for muscle stimulation devices, accounting for a value share of 50.0% of the total market. Europe was in second place.

There are no universally accepted recommendations or indications for the use of electrical stimulators, galvanic stimulators, or transcutaneous electrical nerve stimulation (TENS) for the treatment of a variety of illnesses. In addition, there is a shortage of educated specialists and physiotherapists who can direct patients in the appropriate utilization of these devices. Thus, it is anticipated that a lack of standard usage instructions and skilled labor would be a barrier to the expansion of the market for muscle stimulation devices worldwide.

It is anticipated that a lower level of knowledge among the general public regarding treatment options for electrotherapy would further hinder the growth of the market.

During warm-up sessions at the gym, electrical muscle stimulation, often known as EMS, is frequently employed. Also, athletes that specialize in endurance training utilize these devices before beginning their workouts. While electrical muscle stimulation works by activating muscles and causing mild contractions on the primary muscle group, it is also employed during cooling down sessions after strenuous activity. EMS devices are used for this purpose.

While working with patients who have had a stroke or spinal multiple sclerosis, physiotherapists increasingly favor the use of galvanic stimulators or electrical muscle stimulators to help atrophied muscles restore their strength. These devices are also utilized for lower limb muscle therapy, which helps stroke patients with their gait training.

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The most significant competitors in the industry are pursuing merger and acquisition methods in order to increase their market share. As an illustration, the Colfax Corporation completed the acquisition of DJO Global, Inc. in February 2019 for the sum of US$ 3.15 billion.

The competitors on the market are likewise concentrating their efforts on acquiring patents for their innovative technology. For example, in May of 2019, the United States Patent and Trademark Office awarded NeuroMetrix, Inc. the patent for "Measuring the ‘on-skin’ time of a TENS device in order to prevent skin irritation due to excessive uninterrupted usage of the same."

Purchasing the Muscle Stimulation Devices Market:

➣ Outlook for the worldwide Muscle Stimulation Devices market in both developed and emerging markets, both now and in the future.

➣ Both the market segment with the largest projected share and the market segment with the highest CAGR throughout the projection period.

➣ Countries and regions anticipated to experience the fastest development throughout the projected period.

➣ The most recent innovations, market shares, and business tactics used by the key market participants.

➣ Study examines emerging market trends as well as the likelihood that various trends will impact expansion.

➣ Analysis also discusses the factors, challenges, and opportunities that will have a significant impact on the global Muscle Stimulation Devices industry.

➣ Research includes a detailed analysis of market statistics as well as historical and current growth conditions in order to provide futuristic growth estimates.

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Table of Content

Chapter 1 Industry Overview1.1 Definition1.2 Assumptions1.3 Research Scope1.4 Market Analysis by Regions1.5 Muscle Stimulation Devices Market Size Analysis from 2023 to 203011.6 COVID-19 Outbreak: Muscle Stimulation Devices Industry Impact

Chapter 2 Global Muscle Stimulation Devices Competition by Types, Applications, and Top Regions and Countries2.1 Global Muscle Stimulation Devices (Volume and Value) by Type2.3 Global Muscle Stimulation Devices (Volume and Value) by Regions

Chapter 3 Production Market Analysis3.1 Global Production Market Analysis3.2 Regional Production Market Analysis

Chapter 4 Global Muscle Stimulation Devices Sales, Consumption, Export, Import by Regions (2017-2023)Chapter 5 North America Muscle Stimulation Devices Market AnalysisChapter 6 East Asia Muscle Stimulation Devices Market AnalysisChapter 7 Europe Muscle Stimulation Devices Market AnalysisChapter 8 South Asia Muscle Stimulation Devices Market AnalysisChapter 9 Southeast Asia Muscle Stimulation Devices Market AnalysisChapter 10 Middle East Muscle Stimulation Devices Market AnalysisChapter 11 Africa Muscle Stimulation Devices Market AnalysisChapter 12 Oceania Muscle Stimulation Devices Market AnalysisChapter 13 South America Muscle Stimulation Devices Market AnalysisChapter 14 Company Profiles and Key Figures in Muscle Stimulation Devices BusinessChapter 15 Global Muscle Stimulation Devices Market Forecast (2023-2030)Chapter 16 Conclusions

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