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.
Report Overview @ https://www.transparencymarketresearch.com/pulsed-electromagnetic-field-therapy-devices-market.html
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.
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