Pulsed Electromagnetic Field Therapy Devices Market

Pulsed Electromagnetic Field Therapy Devices Market By Power (Low-Powered, High-Powered Therapy), By Waveform (Square, Saw Tooth, Sine), By End-user (Hospitals, Wellness Clinics), By Distribution Channel & By Region - Global Market Insights 2022-2032

Analysis of Pulsed Electromagnetic Field Therapy Devices Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Pulsed Electromagnetic Field Therapy Devices Market Outlook (2023-2033)

Devices for pulsed electromagnetic field therapy use electromagnetic fields to treat non-union and complex fractures, brain tumors, sleep disorders, performance enhancement, anti-depressant use, and depression.

The components of devices for pulsed electromagnetic field therapy are a number of flat spiral coils that produce an even electromagnetic field and a frequency generator to excite the coils, creating a pulsed electromagnetic field. Devices for pulsed electromagnetic field therapy are promoted as "general wellness items" and look like yoga mats.

The global pulsed electromagnetic field therapy devices market is valued at USD 417.77 Million in 2022. The market is further anticipated to grow with a CAGR of 7.8% in the forecast period and is expected to cross a valuation of USD 885.37 Million by end of 2032.

Report Attributes

Details

Market size (2022 A)

USD 417.77 Million

Base Year for Estimation

2022

Forecast duration for this research

2022-2032

Forecasted Market value (2032 F)

USD 885.37 Million

Global Market Growth rate (2022-2032 E)

CAGR of 7.8%

Key Companies Profiled

  • EarthPulse
  • SEDONA Wellness LTD.
  • Bedfont Scientific Ltd.
  • Innovative Medicine, LLC.
  • ONDAMED
  • Orthofix Holdings, Inc.
  • Pulse Centers
  • Curatronic
  • Oxford Medical Instruments
  • Pulsed Energy Technologies LLC.

Don't Need a Global Report?

save 40%! on Country & Region specific reports

What are the drivers of demand for this market?

The market is being driven primarily by the expanding wellness industry as well as the increased demand for and acceptance of alternative therapies. The market for pulsed electromagnetic field therapy devices is experiencing high demand due to rising knowledge of yoga and the complementary effects of alternative therapies.

The widespread use of these devices is being fuelled by the significant financial burden associated with them as well as the high prevalence of non-union fractures, which account for almost 12% of all fracture cases. The market's demographic drivers include an aging population, an increase in risk factors for fractures like accidents and falls, and a growing sports culture.

There is anticipation that the population above age 60 is likely to cross size from 900 million to 2 billion by end of 2050. As per the World health organization’s analysis, this growth is from 12% to 22% in terms of the global population. The rising e-commerce industry and the emergence of self-claimed learned customers are expected to drive a large volume of sales of field therapy devices.

Advancements in technology such as the development of miniaturized, narrow pulsed electromagnetic field therapy devices using advanced materials, automated patterns of varying pulsed electromagnetic field, remote operations by integration with mobile devices and others are appealing to the customer tastes, which is further charging the pulsed devices market. Thus product development represents the largest market opportunity and many players are launching ergonomic products.

What are the restraints affecting market growth for this industry?

Psychometric factors such as lifestyle changes, the growing popularity of wellness, the influence of media, and peer group pressure are achieving greater weightage in the adoption of the market. The growing incomes of women are a strong determinant of the market as fractures and diseases such as osteoporosis affect women disproportionately as compared to men.

The pulsed electromagnetic field therapy devices market is constrained by poor experimental validation and the lack of understanding of the mechanism of the bone healing effect achieved by pulsed electromagnetic field therapy. The inconclusive and insufficient evidence coupled with the lack of support from the main line clinical practice professionals has greatly limited the application of the pulsed electromagnetic field therapy devices. These are approved by the FDA.

However, pulsed electromagnetic field therapy devices need to be marketed as wellness products and are restrained from making claims of effectiveness for the treatment of diseases, laying them open to criticism as superficial externalities, and pseudoscience.

The high pressure on pricing owing to large market fragmentation and the high volume & low-value nature of the market, makes the price a very significant value proposition for the pulsed electric field therapy devices market.

Close collaboration with wellness clinics coupled with large advertisement and marketing is crucial as they have the highest influence on the buying decision. Shelf-positioning is extremely important which drives the importance of close collaboration with retailers. Companies are also developing specialized franchises to develop a brand image and boost customer loyalty.

More Insights, Lesser Cost (-50% off)

Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR

Regional Outlook

Based on regions, the global market is classified into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East & Africa, and Asia-Pacific market excluding Japan.

North America led by the US is expected to account for the largest share of the global market owing to a larger number of wellness clinics, developed healthcare infrastructure, and a large wellness market.

The Europe market is expected to be led by Germany, France, Italy, Spain, Portugal, and the UK. Germany has a large medical devices industry which is a prime driver of the European market.

The large medical devices industry of Europe manufactures a bulk of especially in countries such as Germany, Austria and Switzerland. These are then exported to North America as electric massagers or electric yoga mats.

The Latin America market is disproportionately biased towards aesthetic and wellness products owing to the influence of the media and tourism industry. The developing medical tourism industry of Ecuador, Brazil, and Venezuela is driving a large market.

The Middle East and Africa market is expected to be driven by the gulf economies of Saudi Arabia, Kuwait, and Qatar. However, the poor per capita income of African countries is likely to hamper the market growth.

Pulsed Electromagnetic Field Therapy Devices Market: Segmentation

  • By Power :

    • Low-Powered Devices
    • High-Powered Therapy Devices
  • By Waveform :

    • Square
    • Saw Tooth
    • Sine
    • Trapezoidal
  • By End-user :

    • Hospitals
    • Wellness Clinics
    • Home Care Settings
  • By Distribution Channel :

    • Online Stores
    • Retail Stores
  • By Region :

    • North America
      • U.S.
      • Canada
    • Latin America
      • Mexico
      • Brazil
      • Argentina
      • Chile
      • Peru
    • Europe
      • Germany
      • Italy
      • France
      • U.K
      • Spain
      • BENELUX
      • Nordic
      • Russia
    • East Asia
      • China
      • Japan
      • South Korea
    • South Asia
      • India
      • Thailand
      • Indonesia
      • Malaysia
    • Oceania
    • Middle East and Africa
      • GCC Countries
      • South Africa
      • Turkey
      • Iran
      • Israel

- FAQs -

What is the anticipated growth rate for this market?

The market is further anticipated to grow with a CAGR of 7.8% in the forecast period.

What is the future lookout for this industry?

The market is expected to cross a valuation of USD 885.37 Million by end of 2032.

What is the present market size in the Pulsed electromagnetic field therapy device sector?

The global pulsed electromagnetic field therapy devices market is valued at USD 417.77 Million in 2022.

Who are the prominent market players?

The key market players are - • EarthPulse • SEDONA Wellness LTD. • Bedfont Scientific Ltd. • Innovative Medicine, LLC. • ONDAMED • Orthofix Holdings, Inc. • Pulse Centers • Curatronic • Oxford Medical Instruments

Pulsed Electromagnetic Field Therapy Devices Market

Schedule a Call