According to the report, the global pulse electromagnetic field (PEMF) therapy devices market was valued at US$ 550 Mn in 2020 and is anticipated to expand at a CAGR of 3% from 2022 to 2030.
According to the report, the global pulse electromagnetic field (PEMF) therapy devices market was valued at US$ 550 Mn in 2020 and is anticipated to expand at a CAGR of 3% from 2022 to 2030
The COVID-19 pandemic has sparked the urgency for non-clinical remote workforce. Apart from this, stakeholders in the pulse electromagnetic field (PEMF) therapy devices market are diversifying supply through eCommerce in order to keep the economies running. They are evaluating the most critical data needs to gradually increase medical staff and alter supply chain strategies.
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Companies in the pulse electromagnetic field (PEMF) therapy devices market are taking data-driven decisions before investing in new production technologies. They are increasing efforts to reduce technology vulnerabilities by testing systems under a variety of scenarios. Stakeholders are ensuring business continuity for raw material supply catering to specialized labs and device manufacturing. They are reassessing the probability of payments from vendors and partners during the ongoing coronavirus crisis.
Mild Adverse Reactions in Patients Influencing Market Growth
The pulse electromagnetic field (PEMF) therapy devices market is estimated to register a CAGR of 3% during the forecast period. Since electromagnetic therapies produce a wide array of interactions within the body, it has been found that some patients experience discomfort during initial treatments. As such, these incidences occur in rare cases during initial treatments. Mild adverse reactions typically occur with the whole body treatment and in rare cases, with local treatments.
PEMF side effects are minor & temporary and usually cease with the continuation of the therapy. Moreover, these adverse events are rather more prevalent for patients with electromagnetic hypersensitivity. Since the PEMF therapy has the ability to alter body systems and stimulate cells or tissues, overreactions may occur in patients.
PEMF Therapy Helps to Amplify Body’s Natural Energy for Healing
Interventional Orthopedics of Atlanta – an orthopedic clinic in Atlanta, Georgia, is increasing awareness about the benefits of the PEMF therapy for the treatment of chronic fatigue symptoms, osteoporosis, and poor wound healing. Such findings are contributing toward growth of the U.S. pulse electromagnetic field (PEMF) therapy devices market.
The PEMF technology is being known to generate energy in the cells of the body without an invasive procedure. Such advantages are translating into value-grab opportunities for companies in the pulse electromagnetic field (PEMF) therapy devices market. PEMF therapy helps to amplify the body’s natural energy and enhances the body’s natural function. This therapy helps to improve athletic performance and helps to recover injury faster.
PEMF Therapy Gains Popularity as Energy Medicine
The pulse electromagnetic field (PEMF) therapy devices market is expected to reach US$ 761.3 Mn by 2031. The PEMF therapy is an FDA (Food and Drug Administration) approved, non-invasive safe technology, which is used for stimulating cells in order to accelerate wound healing and reduce pain.
Med-tech companies are making devices that direct pulsed energy waves toward damaged or injured areas of a patient’s body. This helps to naturally influence electrical changes on a cellular level that reduce pain and swelling & can even increase the range of motion in affected areas.
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Analysts’ Viewpoint
Healthcare companies in the pulse electromagnetic field (PEMF) therapy devices market with extensive international supply chains need to consider additional costs in order to restructure their supply chains amid the COVID-19 pandemic. The PEMF therapy can lead to possible side effects such as increased circulation in body systems, since the technology stimulates cells and tissues. Hence, stakeholders should increase awareness that these side effects are relatively rare and occur majorly in patients with electromagnetic hypersensitivity. Nevertheless, physical therapists are emerging as key target customers for PEMF devices. By making the physical therapy environment calm and quiet, therapists can capitalize on steady income sources whilst improving patient outcomes.
Pulse Electromagnetic Field (PEMF) Therapy Devices Market: Overview
According to Transparency Market Research’s latest research report on the global pulse electromagnetic field (PEMF) therapy devices market for the historical period of 2017–2019 and the forecast period of 2021–2031, rise in cases of fractures due to accidents & sports injuries and increase in demand for pain relief devices for various types of body pain are projected to drive the global pulse electromagnetic field (PEMF) therapy devices market in the near future
Increase in Cases of Fractures Due to Accidents, Fall, and Sports Injuries: Key Driver
Majority of the people today are affected by pain due to fractures caused by accidents, sports injuries, fall from a certain height, and indications such as arthritis, joint pain, and knee pain
Recent WHO statistics indicate that nearly 1.3 million people die each year due to road traffic crashes
Majority of the world’s fatalities (93%) on the road occur in low- and middle-income countries
Between 20 million and 50 million people suffer non-fatal injuries, with many incurring a disability as a result of injury
A study conducted by Osteoporosis Foundation concluded that osteoporosis causes more than 8.9 million fractures annually, resulting in osteoporosis fracture every three seconds
Hence, rise in cases of fracture caused by accidents, sports injuries, and indications such as osteoporosis boost the growth of the global pulsed electromagnetic field therapy devices market
Increase in Demand for Pain Relief Devices for Body Pain Indications: Major Driver
Presently, demand for pain relief devices is high due to arthritic pain, joint pain, knee pain, etc. Additionally, increase in incidence and prevalence of arthritis & joint problems drive the demand of pain relief devices.
According to CDC, one in every 30 adults in the U.S. suffers from pain problems, which is considered to be the eighth leading risk factor for disability and premature deaths. Medication and lifestyle changes are effective and affordable; however, the overall rate of pain relief control is suboptimal.
These pain relieving devices not only help in reducing pain, but also in curing swelling caused by fractures and accidents, which promote the use of pain relief devices
Therefore, increase in demand for pain relief devices for various body pain problems is likely to boost the growth of the global pulsed electromagnetic field therapy devices market during the forecast period
Continuous Research & Development for Manufacturing of New Devices: Major Driver
The need of development of novel pain relief devices has increased due to various disadvantages associated with conventional and regular traditional pain relief devices due to their ineffectiveness in providing relief from pain because of problems in the rotating roller disc of the massager
Various research organizations and healthcare companies are involved in finding a better and modified version of pain relief devices that not only provide relief to body pain, but can also treat major pains due to arthritis
Healthcare equipment manufacturing companies are making significant investment in the research & development of pain relief devices owing to increase in patient care
Pain relief devices are gaining popularity among major industry players. Hence, the pulsed electromagnetic field therapy devices market is anticipated to expand at a high CAGR during the forecast period.
Pulse Electromagnetic Field (PEMF) Therapy Devices Market: Competition Landscape
This report profiles major players operating in the global pulse electromagnetic field (PEMF) therapy devices market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
The global pulse electromagnetic field (PEMF) therapy devices market is moderately fragmented, with the presence of a large number of leading players in the global market and several small players in regional markets. Top players account for major share of the global pulse electromagnetic field (PEMF) therapy devices market.
Prominent players operating in the global pulse electromagnetic field (PEMF) therapy devices market include
- Orthofix Medical Inc.
- I-Tech Medical Division
- Pulsed Energy Technologies LLC
- PEMF GLOBAL
- Oxford Medical Instruments
- HealthyLine
- Magnus Magnetica, LLC
- BioBalance PEMF.
- Sedona Wellness
- Nuage Health Devices Pvt. Ltd.
- OSKA
The report on the global pulse electromagnetic field (PEMF) therapy devices market discusses individual strategies, followed by company profiles. The competitive landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global pulse electromagnetic field (PEMF) therapy devices market.
Key Questions Answered in Pulse Electromagnetic Field (PEMF) Therapy Devices Market Report
- What is the sales/revenue generated by the pulse electromagnetic field (PEMF) therapy devices market across all regions during the forecast period?
- What are the opportunities in the global pulse electromagnetic field (PEMF) therapy devices market?
- What are the major drivers, restraints, opportunities, and threats in the market?
- Which regional market is set to expand at the fastest CAGR during the forecast period?
- Which product segment is expected to generate the highest revenue globally in 2031? Which segment is projected to expand at the highest CAGR during the forecast period?
- What are the market positions of different companies operating in the global market?
Pulse Electromagnetic Field (PEMF) Therapy Devices Market – Segmentation
Device
- High-frequency PEMF Devices
- Mid-frequency PEMF Devices
- Low-frequency PEMF Devices
End-user
- Hospitals & Clinics
- Diagnostic Centers
- Home Care Settings
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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