Animal Electronic Stimulators Market

Animal Electronic Stimulators Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

Electronic stimulation has become more common in the past few years in the rehabilitation of horses, cats, dogs, and other animals for the treatment of various conditions particularly related to muscles and tendons
Electrical muscle stimulation is used to treat muscle spasm, muscle atrophy, pain, joint swelling, fractures, tendon strains, muscle strains, and circulatory disorders
These devices are used to apply electric stimulation to muscles for rehabilitation purpose. Electrodes are placed to facilitate muscle contractions of a specific muscle or muscle group.
A pet that is unable to begin use of its limb immediately for various reasons could be prescribed several sessions of electric stimulation. A gentle electrical current stimulates the nerves and muscles and helps to maintain muscle mass during the period of time in which they are unable to use their limb.

Rise in prevalence of animal muscle disorders and increase in demand for pet insurance are the major factors boosting the growth of the global animal electronic stimulators market
According to the North American Pet Health Insurance Association (NAPHIA) report, the pet health insurance sector in the U.S. and Canada posted a combined gross premium of US$ 1.42 Bn in 2018, up from US$ 1.15 Bn in 2017
Technologically advanced products for electronic stimulation used in animals also fuel the growth of the global animal electronic stimulators market
Moreover, increase in pet population with rising diseases among them and surge in the number of veterinary practitioners are the other drivers of the global animal electronic stimulators market

Lack of animal health awareness in emerging countries is a key factor likely to restrain the global animal electronic stimulators market
High cost of set up for capital equipment and lack of skilled practitioners in less developed countries are the other factors hampering the growth of the global animal electronic stimulators market

In terms of modality, the global animal electronic stimulators market can be divided into handheld, portable, table top, and others
Portable is expected to be a highly attractive segment during the forecast period owing to ease of operation, recent launch of advanced products, and cost effectiveness of product

Based on animal type, the global animal electronic stimulators market can be categorized into pets, small animals, and large animals
The pets segment accounted for major share of the global animal electronic stimulators market in 2019 owing to higher pet population, rise in pet health awareness among owners, and increase in insurance coverage for pet health care

In terms of application, the global animal electronic stimulators market can be classified into pain management, musculoskeletal disorder, neurological disorder, and others
The pain management segment dominated the global market in 2019. Increase in demand for muscle stimulators for managing acute & chronic pain and rise in prevalence of arthritis are the major factors anticipated to drive the global pain management segment market during the forecast period.

Based on end-user, the global animal electronic stimulators market can be divided into veterinary hospitals, veterinary clinics, and others
The veterinary hospitals segment accounted for major market share in 2019 due to surge in preference for electronic stimulators among veterinary practitioners and rise in hospital admissions of animals for treatment of different diseases

In terms of region, the global animal electronic stimulators market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
North America dominated the global animal electronic stimulators market in 2019 due to higher animal population, availability of better animal health care system, rise in trend of pet rights, and availability of favorable reimbursement scenario in the region
According to the North American Pet Health Insurance Association (NAPHIA), the total number of pets insured reached 2.43 million at year-end 2018, up by over 17% from 2017
Asia Pacific is projected to be a highly lucrative market for animal electronic stimulators during the forecast period owing to increase in awareness about animal health, rise in pet adoption, and surge in per capita animal health expenditure in emerging countries