Potential in Pain and Bone Treatment Applications Bolsters Prospects of Magnetic Therapy Devices Market: Fact.MR

Increasing investments in noninvasive treatments for chronic ailments have been increasing potential applications for magnetic therapy devices

Fact.MR, Rockville MD: A new report on the magnetic therapy devices market by market research firm Fact.MR has projected a steady rate of growth through 2021. The covid-19 pandemic has resulted in a moderate slump in the demand for magnetic therapy devices owing to restraints on production activities during the crisis period. High potential for applications in low-cost therapeutics with minimal requirements for hospitalization, are important factors that will support long-term growth prospects for market players.

According to the National Institute of Health, therapeutic devices integrated with permanent magnets are available widely and at low costs, while being fairly easy to use. Magnets are also viewed among consumers as potentially safer alternative to conventional medicine such as analgesic compounds. Health service researchers are pushing to test magnetic therapy devices to minimize the economic burden of chronic musculoskeletal ailments.

Magnets are fairly cheap to produce. Consequently, they are considered ideal for long-term treatments. On the other hand, high-quality scientific evidence in terms of effectiveness, safety and cost is not widely available. As a result, clinical trials on the efficacy of magnetic therapy devices are key to the future of the industry.

“Extensive investments for research into alternative medicine and the introduction of technologies such as extremely low frequency magnetic field therapy and microTesla magnetic field therapy, in addition to widespread adoption of magnetic therapy devices among end users is expected to be a major driving factor for revenue generation opportunities in global magnetic therapy devices market,” comments a Fact.MR analyst.

Request a report sample to gain detailed insights at https://www.factmr.com/connectus/sample?flag=S&rep_id=3412

Key Takeaways from Fact.MR’s Magnetic Therapy Devices Market

  • Pulsed electromagnetic field energy devices will reflect a faster rate of growth backed by high demand in pain management applications.
  • Soft tissue healing applications will display steady growth over the forecast period owing to positive outcomes in clinical trials.
  • United States has emerged as a highly lucrative market for magnetic therapy devices owing to rising adoption of advanced pain management solutions and awareness of arthritis treatments.

Magnetic Therapy Devices Market – Prominent Drivers

  • Advances in low frequency magnetic field technologies for therapeutics drive growth in the industry.
  • Growing consumer interest in home therapy devices is generating significant growth opportunities.
  • Low cost of magnetic therapy compared to traditional medicine is key driving factor.

Magnetic Therapy Devices Market – Key Restraints

  • Lack of adequate scientific evidence about the efficacy of magnetic therapy remains a challenge for market players.
  • Side effects including dizziness, reduced blood pressure, and low energy levels hinder use of magnetic therapy devices.

Discover more about the magnetic therapy devices market with figures data tables and table of contents. You can also find detailed market segmentation at https://www.factmr.com/report/3412/magnetic-therapy-devices-market

Competitive Landscape

Major players in the magnetic therapy devices market include but are not limited to BEMER, EMD Medical Technologies, Swiss Bionic Solutions Holding GmbH, Iskra Medical d.o.o, and Curatronic Ltd.

Leading players in the magnetic therapy devices market are focused on the development and launch of new products in line with medical regulatory standards, to consolidate geographical expansion strategies.

In April 2021, Somavedic Technologies announced the launch of Somavedic Medic Sky a new frequency therapy device aimed towards minimizing side effects of geopathic stress, and electromagnetic fields.

In March 2021, MagVenture announced the launch of its Flow Arm patent-pending technology aimed towards non-invasive brain stimulation positioning applications.

In August 2020, the FDA approved transcranial magnetic stimulation therapy as a viable treatment option for patients with obsessive compulsive disorders.

More Insights on the Magnetic Therapy Devices Market

In its latest report, Fact.MR offers unbiased analysis of the global magnetic therapy devices market. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product type (constant energy magnets and pulsed electromagnetic field energy), magnetic field therapy type (microTesla Magnetic Field Therapy and Extremely Low Frequency Magnetic Field (ELF MF) Therapy), end user (hospitals, specialty clinics, and homecare settings), and application (multiple sclerosis, scalp acupuncture, pain management, arthritis, soft tissue injuries, bone fracture healing, and others) across seven regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa).

Explore Fact.MR’s Coverage on the Healthcare Domain

Nicotine Replacement Therapy Market: A recent study by Fact.MR on the nicotine replacement therapy market offers a 10-year forecast analysis for the period 2018 to 2028. The study analyzes key trends that are currently determining the growth of the market. This report covers key dynamics, including drivers, restraints, and opportunities for leading market players along with key stakeholders and emerging players.

Skeletal Deformation Correction Market: Fact.MR’s extensive coverage on the skeletal deformation correction market offers in-depth insights about the prominent growth dynamics that are likely to aid expansion of growth prospects in the near future. Data has been presented in the form of key segments across prominent geographies, along with important information concerning key manufacturers operating within the industry.

Dental Cements Market: The global dental cements market study published by Fact.MR offers an unbiased analysis of the prominent drivers, opportunities and trends expected to shape future expansion outlook. The report provides a comprehensive assessment on the prominent segments and geographies which are likely to benefit market players in forthcoming years.

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com
Follow Us: LinkedIn | Twitter
Market Intelligence Services: Marketngage.com
Source: Fact.MR

Back to news