The global muscle stimulator market is poised for robust growth in the short term, according to a recent market analysis report. The report sheds light on the factors driving this growth and provides insights into the markets future prospects.
Chronic Pain and Musculoskeletal Conditions Fuel Market Expansion
The rising prevalence of muscle injuries and chronic pain worldwide is a significant driver of the muscle stimulator market. A staggering 30% of the global population aged 65 and above suffer from chronic pain, as reported by the Centers for Disease Control and Prevention (CDC). In the United States alone, 15% of individuals in this age group rely on prescription drugs for pain relief. Additionally, the increasing incidence of conditions such as arthritis, migraines, and back pain, as highlighted by the World Health Organization (WHO), is expected to further boost the market. WHO reports indicate that over 23 million individuals globally suffer from rheumatoid arthritis, and approximately 1.71 billion people face musculoskeletal disorders, leading to pain and functional limitations. Muscle stimulators are gaining traction for their ability to provide pain relief and aid in rejuvenation.
Millennials Drive Demand for Muscle Stimulators
Muscle pain is becoming increasingly common among millennials and adults due to their active participation in physical fitness activities and outdoor sports. Muscle stimulators are being widely embraced by sports enthusiasts for purposes such as increasing strength, accelerating muscle injury recovery, relieving pain, facilitating rehabilitation, and warming up. Consequently, the muscle stimulator market is expected to experience significant growth in the near future.
Transcutaneous Electrical Nerve Stimulators (TENS) on the Rise
The demand for transcutaneous electrical nerve stimulators (TENS) is set to surge, contributing significantly to the muscle stimulator markets growth. TENS devices are employed to block or manage pain signals from reaching the brain. They are particularly effective for lower and upper limb pain relief. With the increasing prevalence of chronic pain, sports-related injuries, and accidents, TENS is gaining popularity as a non-invasive electrotherapy modality. Companies are also focusing on innovation, with NeuroMetrix, for example, conducting clinical trials on its Quell TENS device for pain relief in patients with neuromyelitis optica spectrum disorders (NMOSD).
North America Emerges as a Key Contributor
North America, with its well-developed healthcare infrastructure and high healthcare expenditure, continues to be a significant market for muscle stimulators. The regions increasing musculoskeletal disorder cases have driven the adoption of muscle stimulators. Furthermore, during the COVID-19 pandemic, the use of respiratory muscle stimulators increased. For instance, the US FDA granted Emergency Use Authorization to VentFree, a respiratory muscle stimulator, which reduced the need for ventilator support. Arthritis is also prevalent in the region, affecting nearly 20% of the Canadian population, leading to a high demand for advanced medical aids. Other factors, such as a strong economy, rising GDP per capita, a preference for advanced healthcare devices, and a growing geriatric population, are propelling market growth.
Competitive Landscape
The muscle stimulator market is witnessing a flurry of new product launches and FDA approvals. Leading companies like Lutronic, Cutera Inc., and Sky Medical have introduced innovative devices, expanding treatment options for patients. Major players in the global muscle stimulator market include Beurer GmbH, Zynex Medical, NeuroMetrix Inc., EMS Physio Ltd., DJO Global, Boston Scientific Corporation, Abbott, Cyberonics Inc., RS Medical, Nevro Corp, Omron Healthcare Inc., and Medtronic.
As the muscle stimulator market continues to evolve, these developments promise a bright future, driven by the need for pain relief, rehabilitation, and improved physical performance.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/muscle-stimulator-market
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