The Muscle Stimulation Devices Market sales are anticipated to reach US$ 694.7 Million in 2022. By 2028, the market is projected to develop at a strong CAGR of 3.9% and reach US$ 874.4 Million. witness incredibly significant advancements that may enhance stroke healing with nerve stimulation. The emphasis has turned to enhancing the related stages of stroke care, including prevention, intervention, and rehabilitation, as the incidence of AIS (acute ischemic stroke) has increased. A novel clinical research is being conducted at Ohio State University using VNS to speed up the recovery of motor skills in stroke patients (vagus nerve stimulation).
A device called Vivistim, created by the Dallas-based company Micro Transponder, is being used in the research. During rehabilitation, the device works by fusing VNS with muscle action. It is intended to increase motor function, learning capacity, and memory, significantly enhancing the post-stroke prognosis.
If combined with the right measures, this nerve stimulation therapy has the potential to produce great rehabilitation while reducing the impact of any potential problems. If Vivistim shows promising results and helps stroke patients restore their motor function quickly, market participants may see a number of doors open up for prospects in the field of rehabilitation therapy.
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Key Companies to Focus on Strong Distribution Channel Development & Suppliers to Strengthen Presence in Emerging Markets
Manufacturers view the introduction of cutting-edge products, such as wireless devices, as the key to enhancing gadget capabilities and, ultimately, driving sales. Strategic partnerships, or distribution agreements for their product offerings, are being prioritised by various firms in order to increase market shares and strengthen distribution networks during the next ten years. The stakeholders will be able to enter a number of untapped regional markets with the aid of improved distribution.
The development of novel pain management strategies and techniques is a top priority for major companies in the global market for muscle stimulation devices. Manufacturers of muscle stimulation devices have adopted an innovative marketing strategy, which is attributable to their steadily rising market value share. According to reports, the secret to market expansion in emerging economies will be a greater emphasis on enhancing the distribution channel.
On the other hand, suppliers are likely to prioritise the demands of patients while still supplying high-quality goods to end customers. By introducing new products with increased features and by engaging in strategic mergers and acquisitions, stakeholders are enhancing their product portfolio. Furthermore, as the market for muscle stimulation devices is already dominated by smaller companies that serve domestic customers, an increase in local competitors is predicted to lead to a fragmented market.
Muscle Stimulation Devices to Face Passive Growth
Despite immense scope for innovation in product development and applications, the global market for muscle stimulation devices is projected to observe sluggish growth over the next decade. As prompted by a recent research study by Future Market Insights, the global muscle stimulation devices market will expand at a CAGR of 3.9% during 2018-2028, attaining a value of over US$ 870 Mn by 2028 end. High price point will remain a longstanding factor limiting widespread adoption of muscle stimulators. Stringent regulatory norms regarding the launch and use of muscle stimulation devices is also anticipated to hinder market growth in upcoming decade.
By value, North America and Western Europe are expected to represent the dominant markets for muscle stimulation devices, whereas developing economies such as APEJ, Latin America, and Eastern Europe will reportedly exhibit relatively promising performance over the projection period.
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Key Companies Profiled
- DJO Global Inc.
- Zynex Inc.
- Neurometrix Inc.
- R.S. Medical Inc.
- Omron Corporation
Key Segments:
The next section analyses market on the basis of product type and presents forecast in terms of value (US$ Mn) for the next 10 years. Product types included in the report are-
- Neuromuscular Electric Stimulator (NMES)
- Transcutaneous Electric Nerve Stimulator (TENS)
- Interferential (If)
- Burst Mode Alternating Current
The next section analyses market on the basis of indication and presents forecast in terms of value (US$ Mn) for the next 10 years The global muscle stimulation devices market is segmented on the basis of application into:
- Pain Management
- Neurological & Movement Disorder Management
- Musculoskeletal Disorder Management
The next section analyses the market on the basis of the end user and presents forecast in terms of value (US$ Mn) for the next 10 years. On the basis of the end user, the global muscle stimulation devices market is categorized into:
- Hospitals
- Physiotherapy Clinics
- Sports Clinics
- Home Care Settings
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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