Muscle stimulation devices work on the principle of using electrical impulses on muscles as a way of relieving chronic pain. Techniques such as transcutaneous electrical nerve stimulation, interferential stimulation, neuromuscular electric stimulation, and burst mode alternating current are commonly utilized in muscle stimulation devices.
The major factors driving the demand for a variety of global muscle stimulation devices market include the rising inclination of consumers towards fitness and sports activities and the high rate of adoption of these devices in home care settings and physiotherapy clinics. The market is also driven by the increasing spending power and healthcare expenditure across the globe. The easy availability of many affordable muscle stimulation devices across the globe has also propelled the market, especially in the cost-sensitive developing markets. According to a market research report recently published by Future Market Insights, the global market for muscle stimulation devices is expected to exhibit a healthy 4.5% CAGR over the period between 2016 and 2026.
However, the market’s growth prospects are expected to be constrained to a certain extent owing to the lack of usage guidelines, availability of substitute products, and low awareness regarding the treatment of chronic pain.
Rising Awareness Regarding Chronic Pain and Increased Participation in Sports Activities Driving Market
Muscle stimulation devices are commonly used for treating chronic pain in the back and legs. In the past few years, the number of people suffering from chronic pain has considerably increased. The attempts made by healthcare agencies in recognizing chronic pain as a major healthcare concern have led to an increased awareness among the global population about the need to adhere to effective courses of treatment for their chronic pain conditions. This factor has also largely boosted the global demand for a variety of muscle stimulation devices.
Muscle stimulation devices are also used by athletes for relieving pain triggered by intense practice sessions and strenuous tournaments. The rising numbers of participants in several sports activities worldwide is also indirectly propelling the global muscle stimulation devices market.
Market Leads in Developed Regions; Asia Pacific to Offer Lucrative Growth Prospects in Future
Regions such as North America and Europe, with the presence of several international medical device companies and a large patient pool suffering from chronic pain, have been the traditional leaders of the global muscle stimulation devices market. The market in these regions features a wide array of product types and several new varieties awaiting FDA clearance. The willingness of the population for spending on personal healthcare and high disposable incomes are some of the major factors augmenting the vast demand for a variety of muscle stimulation devices in these regions.
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However, rising disposable incomes in Asia Pacific and increased healthcare expenditures will create attractive development opportunities for the muscle stimulation devices market in the region in the near future.
Some of the most prominent vendors operating in the global muscle stimulation devices market are Omron Corp., DJO Global, Inc., RS Medical, Inc., NeuroMetrix, Inc., and Zynex, Inc.