Global Magnetic Therapy Devices Market – Opportunities, Challenges, Growth, Revenue

Magnet therapy generally uses a magnetic plate placed on the surface of point or around meridians in order to treat particular disease. The magnetic therapy devices are used to treat various disease indications including multiple sclerosis, arthritis, soft tissue injuries, healing bone fractures and pain management. A small magnet is used in the beginning of magnetic therapy based treatment. If no apparent results or no side effects are registered with usage of magnetic therapy devices, the strength of magnet and treatment length is gradually increased in order to achieve better results.

Magnet treatment is reported to be relatively safe when using appropriate magnetic therapy devices. Magnetic therapy devices are on a broad level used by athletes for pain relief. It has been suggested that magnetic therapy devices may also find use in delaying bone healing. However, it is recommended not to use magnetic therapy devices in patients with pacemaker, patients allergic to metals or in patients with implanted defibrillators.

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Magnetic Therapy Devices Market: Drivers and Restraints

New technological advancements in upcoming magnetic therapy devices such as introduction of microTesla magnetic field therapy and extremely low frequency magnetic field (ELF MF) based magnetic therapy, along with wide adoption for magnetic therapy devices among end users has reported to be a key driving factor for revenue growth in global magnetic therapy devices market. The introduction of home magnetic therapy devices is projected to be another primary factor driving growth of magnetic therapy devices market over the forecast years.

Further, the low cost of magnetic therapy treatment sessions that costs about US$ 20 for 30 minutes enhances the demand for magnetic therapy treatment, thus increasing the revenue growth in magnetic therapy devices market. However, a number of side effects associated with usage of magnetic therapy devices such as decrease in blood pressure, dizziness, palpitation, vomiting, low energy and nausea may hamper the revenue growth of magnetic therapy devices market.

Magnetic Therapy Devices Market: Segmentation

The global magnetic therapy devices market is classified on the basis of product type, magnetic field therapy type, application, end user and region.

Based on product type, magnetic therapy devices market is segmented into following:

• Constant Energy Magnets
• Pulsed Electro-Magnetic Field Energy

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Based on magnetic field therapy type, magnetic therapy devices market is segmented into following:

• microTesla Magnetic Field Therapy
• Extremely Low Frequency Magnetic Field (ELF MF) Therapy

Based on application, magnetic therapy devices market is segmented into following:

• Multiple Sclerosis
• Scalp Acupuncture
• Pain Management
• Arthritis
• Soft Tissue Injuries
• Bone Fracture Healing
• Others

Based on end user, magnetic therapy devices market is segmented into following:

• Hospitals
• Specialty Clinics
• Homecare Settings

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Magnetic Therapy Devices Market: Key Players

Some of the key magnetic therapy devices manufacturers present across the globe are EMD Medical Technologies, Iskra Medical d.o.o., Curatronic Ltd., Swiss Bionic Solutions Holding GmbH, BEMER and others.

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