Electrotherapy System Market – Increasing in New Product Launches and Regulatory Approvals Are the Boost Growth of the Market

The electrotherapy system employs the electrical energy wave formation and the physical spectrum to generate the variations in our bodies. It is mainly used in the treatment of sporting injuries, for the therapeutic purpose to relive pain, pull the muscle tension for strength, retardation, and prevent edema, and also manages the edema, muscle loss, and chronic wounds. This therapy is also helpful in weight loss, blood purification, hormonal regulation, muscle repair and regeneration, and the elimination of toxins in body. In electrotherapy, the application and the manipulation of electric current are conducted to a particular portion of the body or even to an entire region. These currents are produced by the machines and they vary according to the function. The two most common types are galvanic and electrotherapy.

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Galvanic stimulation uses galvanic potential which changes the state of positive and negative charges in a circuit. Electrotherapy, on the other hand, uses alternating current and they have a wide variety of usages. Electrotherapy is safe and can be performed by non-healthcare professionals and trained individuals who have certification.

Growing incidences of diabetes is a prime factor driving the market growth of electrotherapy systems. According to the American Diabetes Association, in 2018, 34.2 million Americans, or 10.5% of the population, had diabetes. Nearly 1.6 million Americans have type 1 diabetes, including about 187,000 children and adolescents. Also, the growing prevalence of obesity coupled with the increasing instance of sports injury is also propelling the market growth of the electrotherapy systems. Rising government initiatives by the government on improving the healthcare infrastructure is further projected to foster the market growth of the electrotherapy systems. On the other hand, lack of awareness regarding the usage of electrotherapy in the treatment of various diseases is projected to hinder the market growth.

North America is expected to gain significant growth over the forecast period and this is attributed to the increasing adoption of electrotherapy systems among athletes. Also, the high presence of the geriatric population which is increasing the prevalence of the chronic disease is again driving the demand for electrotherapy. According to the U.S. Census Bureau, there were 40.3 million U.S. residents 65 years and older in the 2010 Census and more than 54 million on July 1, 2019.

Key Developments:

In March 2019, Innovative Neurological Devices has announced that it has received the FDA market clearance for the Cervella Cranial Electrotherapy Stimulator. The FDA cleared the Cervella medical device for the treatment of anxiety, depression, and insomnia.

Major Players in Electrotherapy System Market

Medtronic Plc., Zealmax Innovation Pvt Ltd, Zynex, Inc., DJO Global Inc., Nevro Corporation, Cyberonics, Inc., BTL Industries Inc., EMS Physio Ltd, STYMCO Technologies LLC, and Omron Healthcare Inc.

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