Muscle Stimulator Market to Soar at a CAGR of 6.1% to 2023: Growth Factors & Current Trends with Competitive Analysis

Muscle Stimulator Market
Muscle Stimulator Market report explores Scope of the Study as Research Objective, Assumptions and Limitations in-depth. The report gives Market Dynamics by Drivers, Restraints, Opportunities and Macroeconomic Indicators.

The Muscle Stimulators use electric current to elicit contraction in muscles or nerves. The electric signal has intensity and frequency which mimics the nerve signal system. Considering all factors the Muscle Stimulator Market is expected to reach $ 768.3 million by the end of 2023, this market is projected to growing at a CAGR of ~ 6.1 % during 2018-2023.

The Muscle Stimulators use electric current to elicit contraction in muscles or nerves. The electric signal has intensity and frequency which mimics the nerve signal system. The market for muscle stimulator is rising due to drivers such as increasing popularity of sports and increased demand for fitness products, increasing healthcare expenditure and rising affordability of muscle stimulators, demand for non-invasive technology devices and growing preference for muscle stimulators among physiotherapists etc. The rising population of geriatrics is also a strong stimulant.

According to the World Health Organization by 2050, the world’s population aged 60 years and older is expected to total 2 billion, up from 900 million in 2015. The world health organization also estimates that today, 125 million people are aged 80 years or older. Thus the huge rise in geriatrics around the globe, will drive the market due to greater frequency of muscle ailments in the geriatrics population. There has been increasing incidence of muscle diseases and disorders such as low back pain, spinal injuries etc. are driving the market. The rise of risk factors such as growing prevalence of diabetes, increasing incidence of accident injuries, occupational injuries etc. is driving the growth of these diseases.

The restraints include competition from alternative therapies such as acupuncture, yoga, and aroma therapy etc., lack of usage guidelines and safety concerns and regulatory uncertainties in the US.

Global Muscle Stimulator Market – Key Players

Key players profiled in the report are DJO Global, Inc., Mettler Electronics Corp., Axiobionics, Zynex, NeuroMetrix, Inc., OMRON Corporation, Tone-A-Matic and others.

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Global Muscle Stimulator Market – SWOT

Strength:

High capacity and capability of manufacturer

Growing product development such as portability

Weakness:

Poor legal framework

Poor and unorganized manufacturing

Lack of education and low number of Institutes

Opportunities:

Growing demand for non-invasive therapies

Growing acceptance

Threats:

Rising Competition

Market Fragmentation

Global Muscle Stimulator Market – Segments

The global muscle stimulator market is segmented on the basis of products. Based on the products, the market has been segmented as transcutaneous electrical nerve stimulator, burst mode alternating current, neuromuscular electric stimulation, and interferential current. Based on the application, the market has been segmented as pain management, neurological and movement disorder management and musculoskeletal disorder management.

Global Muscle Stimulator Market – Regional Analysis

US accounts for the maximum market share due to favorable reimbursement scenario and greater expenditure on healthcare. Europe is the second largest market due to large disposable income and rising awareness. Asia pacific region will be the fastest region because of large unmet needs which will be led by China and India. The Middle East and Africa market will be led by the gulf nations particularly Saudi Arabia and UAE. The poor regions of Africa is expected to be a laggard due to poor economic and political conditions.

Major Table of Content

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

List of Tables

Table 1 Global Muscle Stimulator Tests Market, By Application Us$ Million (2014-2023)
Table 2 Global Muscle Stimulator Test Market, For Transcutaneous Electrical Nerve Stimulator Us$ Million (2014-2023)
Table 3 Global Muscle Stimulator Test Market, For Burst Mode Alternating Current Us$ Million (2014-2023)

List of Figures

Figure 1 Global Muscle Stimulator Market by Products Market Share 2016 (%)
Figure 2 Global Muscle Stimulator Market by Applications Market Share 2016 (%)
Figure 3 Global Muscle Stimulator Market by Regions Market Share 2016 (%)

Continued….

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