Portable Muscle Stimulators Market
Number of pages: 100 | Report Format: PDF | Published date: February 23, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
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Report Attribute |
Details |
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Market Size Value in 2021 |
US$ 293.49 million |
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Revenue Forecast in 2030 |
US$ 403.48 million |
|
CAGR |
3.6% |
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Base Year For Estimation |
2021 |
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Forecast Period |
2022-2030 |
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Historical Year |
2020 |
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Segments Covered |
Product, Application, End-user, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, and the Rest of the World (RoW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global portable muscle stimulators market was valued at US$ 293.49 million in 2021 and is expected to register a revenue CAGR of 3.6% to reach US$ 403.48 million by 2030.
Portable Muscle Stimulators Market Fundamentals
The portable muscle stimulators market is expected to experience substantial revenue growth during the forecast period, driven by factors such as increasing incidence of sports injuries, rising awareness about the benefits of physiotherapy and rehabilitation, and advancements in technology leading to the development of more effective and convenient muscle stimulation devices. Additionally, the rise in sedentary lifestyles and the increase in the prevalence of lifestyle diseases, such as obesity, back pain, and arthritis, are expected to drive market revenue growth. However, the high cost of these devices and the lack of reimbursement policies in some countries may pose challenges to the market revenue growth.
Geographically, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is expected to dominate the market due to the presence of a large number of prominent players and high healthcare expenditure in the region. Moreover, the market in Asia Pacific is expected to register growth at the fastest CAGR due to increasing awareness about physiotherapy and rehabilitation and rising overall health consciousness among consumers.
Portable muscle stimulators deliver electrical stimulation to muscles to produce contractions. It is commonly used for muscle strains, sprains, and chronic pain. They are small, lightweight, and can be easily carried around, making them a popular choice for people seeking a convenient and effective way to manage muscle and pain issues. The electrical stimulation of these devices can help to increase blood flow, promote muscle recovery, and improve overall muscle performance. Portable muscle stimulators can help to relieve pain, increase circulation, and promote muscle recovery. Moreover, these stimulators are in high demand among athletes to improve performance and enhance recovery after intense workouts.
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Portable Muscle Stimulators Market Dynamics
The growing popularity of sports and physical activities is leading to an increased number of sports injuries, thereby fueling the demand for portable muscle stimulators. The increasing prevalence of musculoskeletal disorders globally, such as arthritis and osteoporosis, is also propelling the revenue growth of the portable muscle stimulators market.
According to the Global RA Network, arthritis is the leading cause of disability globally. It has affected around 350 million people in 2021. The rising geriatric population is also boosting the revenue growth of the portable muscle stimulators market, as this population pool is more likely to suffer from conditions, such as arthritis, osteoporosis, and chronic pain.
The increasing adoption of sedentary lifestyles and related health problems, such as obesity and back pain, is leading to an increased patient pool with musculoskeletal disorders. With the rising focus on preventive healthcare, people are becoming more aware of the benefits of physiotherapy and rehabilitation. Integrating smart technology, such as smartphone apps and wireless connectivity, into muscle stimulators, is becoming more common. This allows users to monitor their progress and receive customized stimulation programs, propelling the portable muscle stimulators market revenue growth.
However, the high cost associated with portable muscle stimulators is the major restricting factor of the global portable muscle stimulators market. The medical device industry is heavily regulated, which may hinder the portable muscle stimulators market revenue growth to a certain extent.
Portable Muscle Stimulators Market Ecosystem
The global portable muscle stimulators market has been analyzed from four perspectives: product, application, end-user, and region.
Portable Muscle Stimulators Market by Product
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Based on product, the market for portable muscle stimulators is segmented into transcutaneous electrical nerve stimulation (TENS), neuromuscular electrical stimulation (NMES), functional electrical stimulation, burst mode alternating current, interferential, micro current electrical neuromuscular stimulator, and others.
The transcutaneous electrical nerve stimulation (TENS) segment dominated the portable muscle stimulators market in 2021. The increasing prevalence of chronic pain conditions and the growing demand for non-invasive and drug-free pain management options are driving the revenue growth of the TENS segment. TENS is effective for various pain conditions, including back pain, arthritis, neuropathy, and fibromyalgia. TENS devices are easy-to-use. This feature is boosting the demand for TENS in-home care, which in turn, is propelling the segmental growth. TENS devices can be adjusted to deliver stimulation at different frequencies and intensities, allowing customization to meet each individual’s needs, thereby increasing their popularity and demand.
Portable Muscle Stimulators Market by Application
Based on application, the global portable muscle stimulators market is segmented into pain management, musculoskeletal disorder, neurological disorder, and others.
The pain management segment accounted for the largest revenue share of the portable muscle stimulators market in 2021. With the increasing concerns over the side effects of pain medications and the opioid epidemic, many people are looking for alternative ways to manage pain. Portable muscle stimulators are non-invasive and drug-free and are an attractive option for many individuals. The growing prevalence of chronic pain conditions, such as arthritis, neuropathy, and fibromyalgia, is driving the demand for effective pain management solutions. The rise in sports injuries is fueling the demand for pain management solutions and muscle recovery devices. With the increasing understanding of TENS therapy and its benefits, more people are adopting this form of therapy for pain management.
Portable Muscle Stimulators Market by End-user
Based on end-user, the global portable muscle stimulators market is segmented into hospitals, physiotherapy clinics, sports clinics, ambulatory surgical centers, and home care.
The physiotherapy clinics segment accounted for a prominent revenue share of the portable muscle stimulators market in 2021. The increasing demand for physiotherapy services, especially among an aging population, is contributing to the dominance of the physiotherapy clinics segment.
Physiotherapy clinics provide a controlled and professional environment for using portable muscle stimulators, with trained professionals who can diagnose and treat conditions and provide proper training on using the devices. Physiotherapy is known to be an effective treatment for a wide range of conditions. Using portable muscle stimulators as part of a physiotherapy treatment plan can enhance its effectiveness, propelling segmental growth.
Portable Muscle Stimulators Market by Region
Based on region, the global portable muscle stimulators market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World.
North America dominated the global portable muscle stimulators market in 2021, followed by Europe and Asia Pacific. North America has a high prevalence of chronic pain conditions, such as arthritis and neuropathy, driving the demand for effective pain management solutions. According to the Centers for Disease Control and Prevention (CDC), an estimated 24% of all adults, or around 58.5 million people in the U.S., have arthritis. The increasing awareness of the benefits of muscle stimulation therapy and its potential for pain management are driving revenue growth in the North America portable muscle stimulators market. The adoption of advanced technologies is leading to the development of new and improved portable muscle stimulators. Moreover, the growing sports industry and the presence of top market players in North America fuel the region’s development.
Portable Muscle Stimulators Market Competitive Landscape
The prominent players operating in the portable muscle stimulators market are:
Portable Muscle Stimulators Market Strategic Developments
The global portable muscle stimulators market was valued at US$ 293.49 million in 2021.
The growing number of sports injuries, the rising prevalence of musculoskeletal disorders, the adoption of advanced technologies, and the increasing adoption of sedentary lifestyles are the major factors driving revenue growth in the global portable muscle stimulators market.
North America accounts for the largest market revenue share. The market in Asia Pacific is expected to register growth at the fastest revenue CAGR during the forecast period.
The TENS segment accounts for the largest revenue share of the global market.
Beurer GmbH, NeuroMetrix, Inc., Omron Corporation, DJO Global, Inc., and Boston Scientific Corporation are among the top market players
*Insights on financial performance are subject to the availability of information in the public domain