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 muscle stimulator market is also witnessing high technological development. The manufacturing of medical devices in general and muscle stimulators in particular is also undergoing changes. The latest technological advancements include active research in frequencies and strength of electric current used for muscle stimulation. Increasing miniaturization and portability of the muscle stimulator devices is another development that is driving the growth of the market.Considering all these factors the Market for Muscle Stimulator 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 2017-2023.
Global Muscle Stimulator Market – SWOT Analysis
High capacity and capability of manufacturer
Growing product development such as portability
Poor legal framework
Poor and unorganized manufacturing
Lack of education and low number of Institutes
Growing demand for non-invasive therapies
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Global Muscle Stimulator Market – Key Players
Key players profiled in the report are
- DJO Global, Inc.
- Mettler Electronics Corp.
- NeuroMetrix, Inc.
- OMRON Corporation
Global Muscle Stimulator Market – Segments
Division of the global muscle stimulator market’s various segments in MRFR’s report has been performed on the basis of product, application, and region. Products in the muscle stimulator market include burst mode alternating current, transcutaneous electrical nerve stimulator, neuromuscular electric stimulation, and interferential current. The transcutaneous electrical nerve stimulator has been observed to have captured the largest share in the market and is expected to retail leadership position throughout the forecasted period.
Applications of muscle stimulators include neurological & movement disorder management, pain management, and musculoskeletal disorder management.
Latest Industry News:
Atlantic Therapeutics has been granted de novo clearance by the FDA for the treatment of stress urinary continence.
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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 are expected to be a laggard due to poor economic and political conditions.
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