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Muscle Stimulator Market Emerging Technological Growth, Future Growth and Business Opportunities 2030

Factors that drive the growth of the global muscle stimulator market include rise in awareness among the population about the electrical muscle stimulation, surge in incidences of muscle disorders & diseases, and rise in geriatric population.

Muscle Stimulator Market
Muscle Stimulator Market

According to a new report published by Allied Market Research, titled, “Muscle Stimulator Market by Product type, Modality, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global muscle stimulator market size was valued at $1,22,460.00 thousand in 2020, and is projected to reach $1,83,887.64 thousand by 2030, registering a CAGR of 4.08% from 2021 to 2030.

Physical instability, lack of stamina activities, and unhealthy eating habits are common causes of muscle disorders, which drive the growth of the muscle stimulator market. In addition, technological advancements in products such as PowerDot have projected to increase the demand for muscle stimulator market. Moreover, rise in the demand is evident due to the wireless and portable muscle stimulator and their compatibility with smartphones boost the growth of market. However, lack of usage guidelines and safety concerns, regulatory uncertainties in the U.S., and availability of alternative therapies pose to restrain the growth of the muscle stimulator market. Conversely, rise in technology integration is expected to offer lucrative opportunities during the forecast period.

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COVID-19 Impact Analysis:

1) The COVID-19 impact on the Muscle Stimulator Market is unpredictable and is expected to remain in force till the fourth quarter of 2021.

2) The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and banned import-export of nonessential items for most of 2021. This led to sudden fall in the availability of important raw materials.

3) Moreover, nationwide lockdowns forced manufacturing facilities to partially or completely shut their operations.

4) Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of reliable and innovative drone analytics systems globally.

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Key Benefits for Stakeholders

  • On the basis of product type, the neuromuscular electrical stimulation segment held largest muscle stimulator market share in 2020, and is expected to remain dominant throughout the forecast period.
  • By modality, the portable and handheld segment held largest market share in 2020, and is expected to remain dominant throughout the forecast period.
  • Depending on application, the muscle rehabilitation segment held largest market share in 2020, and is expected to remain dominant throughout the forecast period.
  • As per end user, physical therapy and rehabilitation clinics segment held largest muscle stimulator market share in 2020, and is expected to remain dominant throughout the forecast period.
  • Region wise, North-America is expected to experience growth at the highest rate, registering a CAGR of 3.57% during the forecast period.

In 2020, North America accounted for the largest share of revenue in 2020, and is anticipated to maintain its dominance from 2021 to 2030, owing to presence of large patient population, strong presence of key players, well-developed healthcare infrastructure, and favorable reimbursement policies in healthcare system. However, Asia-Pacific is expected to grow at the fastest CAGR, owing to increase in number of incidences of musculoskeletal disorders and rise in awareness related to electrical muscle stimulation therapy.

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The Major Key Players Are:

  • AxioBionics LLC
  • Beurer GmbH
  • BioMedical Life Systems, Inc.
  • Colfax Corporation (DJO Global Inc.)
  • EMS Physio Ltd.
  • Liberate Medical
  • OG Wellness Technologies Co., Ltd.
  • RS Medical
  • Zimmer MedizinSysteme GmbH
  • Zynex Medical

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