Muscle Stimulator Market is Anticipated to Grow at an Impressive CAGR During 2022-2028
Muscle stimulators, also known as neuromuscular electrical stimulation devices, are used to stimulate and exercise muscles that have become weakened due to injury, illness, or other conditions. The muscle stimulator market was estimated at US$ 733 million in 2021 and is expected to grow at a CAGR of 3.94% during 2022-2028 to reach US$ 963.17 million in 2028. The global muscle stimulator market is expected to experience significant growth in the coming years due to increasing demand from the healthcare industry. The market for muscle stimulators is driven by a number of factors, including the rising prevalence of chronic diseases such as arthritis, muscle spasms, and back pain. Additionally, the aging population is creating a greater demand for muscle stimulators as these devices can help prevent muscle loss and maintain muscle strength in older adults.
The use of muscle stimulators in physical therapy is also increasing, as they can be used to help patients recover from injuries and surgeries. Muscle stimulators can be used to reduce pain, increase range of motion, and improve muscle strength and endurance.
There are several types of muscle stimulators available in the market, including transcutaneous electrical nerve stimulation (TENS), neuromuscular electrical stimulation (NMES), and electrical muscle stimulation (EMS) devices. TENS devices are typically used to treat chronic pain, while NMES devices are used to stimulate and strengthen weakened muscles. EMS devices are used to stimulate muscles for the purpose of building muscle mass and improving athletic performance.
The muscle stimulator market is broken down geographically into areas like North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America dominated the market in 2021 and is expected to do so again throughout the projected period. The presence of major participants, large government funding in medical device discovery and development, and the early release of innovative muscle stimulators are all contributing to the region's growth. Furthermore, consumers' high spending power and greater use of modern technology and novel medical equipment are projected to boost growth. During the projected period, however, Asia Pacific is expected to be the fastest expanding region. Growing health and fitness awareness, increased acceptance of pain management medicines, and increased use of smart technologies for health maintenance are the region's significant growth drivers. Furthermore, there is an increase in the number of sports injuries in this region stirs up demand.
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Some of the key players in the global muscle stimulator market include DJO Global, Inc., Zynex Medical Inc., Omron Corporation, Neurometrix, Inc., and STYMCO Technologies LLC. These companies are investing in research and development to improve the effectiveness and usability of their muscle stimulators.
In conclusion, the global muscle stimulator market is expected to grow significantly in the coming years, driven by factors such as the increasing prevalence of chronic diseases, the aging population, and the growing use of muscle stimulators in physical therapy. The market is highly competitive, with several key players investing in research and development to improve their products and maintain their market position.