Pulse Electromagnetic Field Therapy Devices Market to Reach US$1 Billion by 2032, Growing at 8.6% CAGR | FMI

Posted on 2024-06-20 by Future Market Insights in Healthcare, Pharmaceuticals // 0 Comments

Pulse Electromagnetic Field Therapy Devices Market

The Pulse Electromagnetic Field Therapy Devices Market is experiencing a surge in growth, driven by its effectiveness in treating various conditions. According to a recent report by Future Market Insights (FMI), a leading market research firm, the PEMF therapy devices market was valued at US$416.6 million in 2021 and is projected to reach a staggering US$1 billion by 2032. This translates to a robust Compound Annual Growth Rate (CAGR) of 8.6% over the forecast period (2022-2032).

According to the International Osteoporosis Foundation, osteoporosis results in 8.9 million fractures annually. Additionally, there are 1.6 million hip fractures worldwide each year, and between 4.5 and 6.3 million hip fractures are anticipated by 2050. As a result, as the incidence of osteoporosis increases, so will the demand for PEMF therapy devices.

Increased fractures from falls, accidents, and sports injuries, as well as poor road conditions in various nations, are some of the causes driving the market’s expansion. A significant portion of people worldwide are affected by fractures brought on by sports-related injuries, accidents falls from a particular height, and symptoms including arthritis, knee discomfort, and joint pain.

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.

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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.

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 agreed 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.

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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 (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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