According to a newly published Future Market Insights study, the Pulse Electromagnetic Field Therapy Devices Market revenues were projected at US$ 416.6 Million in 2021 and are expected to increase at an 8.6% CAGR from 2022 to 2032. The market is predicted to reach $1 billion by the end of 2032, with an absolute dollar opportunity of US$ 580 million. The market for low-frequency pulse electromagnetic field therapeutic devices is predicted to grow at the fastest rate of 8.8%. Low-frequency PEMF devices are used to quickly, non-invasively, and simply cure rheumatoid arthritis inflammation, pain, and limitations.
Get Sample PDF OF Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-16008
The International Osteoporosis Foundation reports that osteoporosis causes 8.9 million fractures per year. Furthermore, 1.6 million hip fractures occur worldwide each year, with an estimated 4.5 to 6.3 million hip fractures by 2050. As a result, the need for PEMF therapy devices will rise as the prevalence of osteoporosis rises.
Increased fractures from falls, accidents, and sports injuries, as well as bad road conditions in various countries, are driving market growth. Fractures caused by sports-related injuries, accidents, falls from a certain height, and symptoms such as arthritis, knee discomfort, and joint pain affect a substantial number of people worldwide.
According to WHO figures, around 1.3 million people die each year because of traffic accidents. Furthermore, low- and middle-income countries account for the majority of worldwide traffic fatalities. Poorly maintained roads can result in a variety of injuries and pain in various body areas.
Pedestrians may become hurt by potholes, uneven pavement, fractured surfaces, and road cracking, all of which require medical attention. The danger of accidents and other injuries that might result in severe pain is also increased due to governments’ lack of focus on enhancing road infrastructure, which drives up healthcare costs for individuals.
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.
Ask Our Analyst More About Report@ https://www.futuremarketinsights.com/ask-question/rep-gb-16008
Some of the recent developments of key players in Pulse Electromagnetic Field Therapy Devices Market are as follows:
- In August 2021, BEMER, released its latest Go-Edition to help people improve their health and well-being while on the go. A low-intensity pulsed electromagnetic field (PEMF) is used in the new portable set to increase muscle conditioning, performance, strength, and recuperation. Furthermore, the Go-Edition is an FDA-approved Class 11 medical device.
- In April 2021, Orthofix entered into an agreement with IGEA S.p.A., a biomedical company that specializes in biophysical therapeutics. The current agreement enabled the companies to collaborate on expanding the range of their bone, cartilage, and soft tissue stimulation treatments all over the United States.
- In September 2020, OSKA Wellness’ OSKA Pulse technology-enabled products were introduced in India. PETF technology used by OSKA Pulse has been scientifically tested to be effective in increasing the functionality of patients who have motor difficulties, had back problems or had been in calf pain, among other conditions.
- In February 2020, Orthofix launched the new STIM onTrack mobile app version 2.1, which allows for enhancing the treatment with CervicalStim, SpinalStim, and PhysioStim bone growth stimulators by assisting patients to share PROM data remotely along with 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.
Buy Complete Report@ https://www.futuremarketinsights.com/checkout/16008
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
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs
