According to a recently published Future Market Insights analysis, the Pulse Electromagnetic Field Therapy Devices Market size was held at around US$ 452.4 million in 2022 and grow at an 8.6% CAGR from 2022 to 2032. The market is expected to reach US$ 1 billion by the end of 2032, with a US$ 580 million absolute dollar opportunity. Low-frequency pulse electromagnetic field therapeutic devices are expected to expand at the fastest pace of 8.8%. Low-frequency PEMF devices are used to treat rheumatoid arthritis inflammation, pain, and restrictions swiftly, non-invasively, and simply.
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According to the International Osteoporosis Foundation, osteoporosis causes 8.9 million fractures each year. Furthermore, 1.6 million hip fractures occur globally each year, with 4.5 to 6.3 million hip fractures expected by 2050. As a result, as the prevalence of osteoporosis rises, so will the demand for PEMF therapy equipment.
In various nations, increased fractures from falls, accidents, and sports injuries, as well as poor road conditions, are driving market expansion. Fractures caused by sports-related injuries, accidents, falls from a specific height, and symptoms including arthritis, knee discomfort, and joint pain affect a large number of people around the world.
According to WHO statistics, around 1.3 million people die each year as a result of road accidents. Furthermore, low- and middle-income countries account for the vast majority of traffic fatalities worldwide. Poorly maintained roads can cause a variety of injuries and pain throughout the body.
Potholes, uneven pavement, cracked surfaces, and road cracking can all injure pedestrians, necessitating medical attention. The risk of accidents and other injuries resulting in severe pain is also exacerbated due to governments’ lack of focus on improving road infrastructure, which drives up individual healthcare costs.
Competitive Landscape
Some of the players operating in the pulse electromagnetic field therapy devices market include Bedfont Scientific, Orthofix Holdings, Nuage Health, Bemer, Oxford Medical Instruments Health, OSKA, Medithera, NiuDeSai, and I-Tech Medical Division.
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Some of the recent developments of key players in Pulse Electromagnetic Field Therapy Devices Market are as follows:
- BEMER published its latest Go-Edition in August 2021 to assist people enhance their health and well-being while on the go. The new portable set employs a low-intensity pulsed electromagnetic field (PEMF) to improve muscle training, performance, strength, and recovery. The Go-Edition is also an FDA-approved Class 11 medical device.
- Orthofix signed an agreement with IGEA S.p.A., a biomedical business specialising in biophysical therapies, in April 2021. The current partnership allows the companies to work together to increase the spectrum of their bone, cartilage, and soft tissue stimulation therapies throughout the United States.
- OSKA Wellness’ OSKA Pulse technology-enabled goods will be offered in India in September 2020. OSKA Pulse’s PETF technology has been clinically proven to improve the functionality of people with motor issues, back problems, or calf discomfort, among other diseases.
- In February 2020, Orthofix released the new STIM onTrack mobile app version 2.1, which improves treatment with CervicalStim, SpinalStim, and PhysioStim bone growth stimulators by allowing patients to remotely share PROM data as well as device usage data.
More insights:
North America is expected to dominate the Pulse Electromagnetic Field Therapy Market due to the increasing prevalence of chronic diseases such as arthritis, chronic pain, and depression. The region also has a well-established healthcare infrastructure and is home to many key market players.
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Market Segments Covered in Pulse Electromagnetic Field Therapy Devices Industry Analysis
By Component:
- Low Frequency
- High Frequency
By Application:
- Bone Growth
- Pain Management
- Other Applications
By End-use:
- Home Care Settings
- Hospitals
- Other End-uses
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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