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Global Pulsed Electromagnetic Field Therapy Devices Market: Overview

Pulse electromagnetic field therapy (PEMF) is a non-invasive treatment which creates micro-current in a tissue. Pulsed electromagnetic field therapy devices are used to treat various chronic conditions as well as chronic pain. Additionally, these are used to treat bone related conditions, injuries, and pain. Moreover, PEMF therapy is used to treat cervical osteoarthritis, knee osteoarthritis, and chronic lower back pain. Pulsed electromagnetic field therapy has various applications such as healing of wounds, restore normal potential, reduce swelling, and regeneration of tissue.

Global Pulsed Electromagnetic Field Therapy Devices Market: Key Trends

Increase in incidence of sport injuries during sports and rise in risk of fractures due to falls & road accidents are the factors projected to drive the global pulsed electromagnetic field therapy devices market. Moreover, increase in geriatric population, surge in awareness, and rise in prevalence of nonunion fractures are anticipated to propel the global market. In March 2018, Orthofix International N.V. received the U.S. Food and Drug Administration and European CE Mark approvals for the next generation PhysioStim bone growth stimulator. This product approval enabled to strengthen the PEMF technology platform. According to the Annual European Congress of Rheumatology (EULAR) 2018, an estimated 130 million people will suffer from osteoarthritis across the world by 2050. Furthermore, poor understanding of mechanism of bone healing and lack of experimental validation are likely to restrain the global market.

Global Pulsed Electromagnetic Field Therapy Devices Market: Segmentation

The global pulsed electromagnetic field therapy devices market can be segmented based on power, application, and end user. In terms of power, the market can be bifurcated into low frequency and high frequency. Based on application, the global pulsed electromagnetic field therapy devices market can be classified into pain relief, bone growth, and others. The pain relief segment dominated the market in 2018 due to rise in prevalence of chronic pain during sports and due to road accidents. In terms of end-user, the market can be divided into hospitals, home care settings, and others.

Global Pulsed Electromagnetic Field Therapy Devices Market: Regional Analysis

The global pulsed electromagnetic field therapy devices market can be segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global market in 2018 due to presence of key players and rise in prevalence of sport injuries. According to the U.S. Centers for Disease Control and Prevention (CDC), participation in organized sports is on the rise. More than 3.5 million kids under 14 receive medical treatment for sports injuries each year. The market in Europe is projected to be driven by rise in prevalence of arthritis and injuries. The pulsed electromagnetic field therapy devices market in Asia Pacific is anticipated to grow at a rapid pace during the forecast period due to increase in number of road accidents, surge in geriatric population, and rise in prevalence of osteoarthritis. Moreover, changing lifestyle, obesity, and aging population are the factors expected to drive the market in the region. According to Ministry of Health and Family Welfare, Government of India, osteoarthritis is the second most common disease in India and is more prevalent in women than men.

Global Pulsed Electromagnetic Field Therapy Devices Market: Competitive Landscape

The global pulsed electromagnetic field therapy devices market is highly fragmented due to presence of large number of players. Large number of manufacturers hold significant market share in their respective regions. Leading players engage in new product development to gain market share. Key players operating in the global pulsed electromagnetic field therapy devices market are Oxford Medical Instruments Health Store, Nuage Health, Orthofix Holdings, Inc., I-Tech Medical Division, Pulsed Energy Technologies LLC, Swiss Bionic Solutions, SEDONA Wellness Ltd., Pulse Centers, and BioBalance, among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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Pulsed Electromagnetic Field Therapy Devices Market

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