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991633

Global PEMF Devices Market - 2020-2027

Published: | DataM Intelligence | 180 Pages | Delivery time: 2 business days

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Global PEMF Devices Market - 2020-2027
Published: February 24, 2021
DataM Intelligence
Content info: 180 Pages
Delivery time: 2 business days
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  • Description
  • Table of Contents
Description

Market Overview

PEMF (Pulsed electromagnetic field) therapy uses pulsating magnetic fields and is applied using PEMF devices. The electromagnetic exchange between cells. Nothing happens in the body without an electromagnetic exchange between cells. Natural electromagnetic energy controls our chemistry. PEMF therapy is used to treat cervical osteoarthritis, knee osteoarthritis, and chronic lower back pain. Pulsed electromagnetic field therapy has various applications such as healing wounds, restoring normal potential, reducing swelling, and regenerating tissue regeneration.

The global PEMF therapy device market size was worth US$ XX billion in 2019 and further predicted to reach US$ XX billion by 2027, at a CAGR of XX% during the forecast period (2020-2027).

Market Dynamics

ncrease in incidence of sport injuries during sports and rise in risk of fractures due to falls & road accidents are the factors projected to drive the global pulsed electromagnetic field therapy devices market. Moreover, increase in geriatric population, surge in awareness, and rise in prevalence of nonunion fractures are anticipated to propel the global market.

Increasing awareness regarding the benefits of electromagnetic therapy

The rising wellness market coupled with the growing expenditure and acceptance of alternative therapy is the prime mover of the pulsed electromagnetic field therapy devices market. The growing awareness and the complimentary influence of yoga, and alternative therapies is generating a large demand for the pulsed electromagnetic field therapy devices market. The large economic burden coupled with the large prevalence of non-union fractures which account for almost 12 % of the total fracture cases is driving a large adoption of pulsed electromagnetic field therapy devices. The growing geriatric population, increase in risk factors associated with fractures such as accidents, falls, growing sports culture are the demographic drivers of the market. The number of people aged 60 years or older is expected to rise from 900 million to 2 billion between 2015 and 2050, representing a growth from 12% to 22% of the total global population, according to recent World Health Organization report.

Lack of understanding of the mechanism

The PEMF therapy device market is constrained by the 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. Pulsed electromagnetic field therapy devices are approved by the FDA. However pulsed electromagnetic field therapy devices need to be marketed as as wellness products and are restrained from making claims of effectiveness for treatment of diseases, laying them open to criticism as superficial externalities, and pseudoscience.

COVID-19 Impact Analysis

The COVID-19 pandemic has boosted the growth of the PEMF therappy device market, as there are few studies being published that stated the use of PEMF therapy devices for the prevention or treatment of COVID-19. It has become popular post the outbreak of COVID-19 globally. Therefore, a considerable growth in the PEMF therapy devices market value can be expected in 2020.

Segment Analysis

PEMF therapy device is further segmented on the basis of application which includes bone growth and pain relief.

Electromagnetic Therapy Devices are commonly used In Pain Relief

The pain relief segment dominated the market in 2018 due to rise in prevalence of chronic pain during sports and due to road accidents. In terms of end-user, the market can be divided into hospitals, home care settings, and others.

Based on the type, the PEMF therapy device market has been classified into low frequency and high frequency

Low frequency devices accounts majority share in global electromagnetic therapy device market.

Low frequency devices are gaining traction in the market due to its limited side effects and also more affordable as compared with high frequency PEMF therapy devices.Government has some rules and regulations on the usage of this devices with respect of electromagnetic waves and some side effects from these devices like pain, nausea, dizziness etc. can decrease the market growth of high frequency PEMF therapy device market.

Geographical Analysis

Based on geography, the study analyzes the PEMF therapy device market in the global market, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

North America is anticipated to hold largest share in the global PEMF therapy device market

North America dominated the global market in 2018 due to presence of key players and rise in prevalence of sport injuries. According to the U.S. Centers for Disease Control and Prevention (CDC), participation in organized sports is on the rise. More than 3.5 million kids under 14 receive medical treatment for sports injuries each year. The market in Europe is projected to be driven by rise in prevalence of arthritis and injuries. The pulsed electromagnetic field therapy devices market in Asia Pacific is anticipated to grow at a rapid pace during the forecast period due to increase in number of road accidents, surge in geriatric population, and rise in prevalence of osteoarthritis. Moreover, changing lifestyle, obesity, and aging population are the factors expected to drive the market in the region. According to Ministry of Health and Family Welfare, Government of India, osteoarthritis is the second most common disease in India and is more prevalent in women than men.

Competitive Landscape

The PEMF therapy device market is highly competitive, owing to the presence of big food brands. The key PEMF therapy device players which are contributing to the growth of the global market include Oxford Medical Instruments Health Store, Nuage Health, Orthofix Holdings, Inc., I-Tech Medical Division, Pulsed Energy Technologies LLC, Swiss Bionic Solutions, SEDONA Wellness Ltd., Pulse Centers, and BioBalance, Orthofix Medical Inc., Dolphin Neurostim, BEMER AG, BEIJING (Suzhou) Medical Technology Co., Ltd., Jiangsu Alphay Medical Device Co., Ltd., Guangdong Owgels Technology Co., Ltd., Shenzhen Guangyang Zhongkang Technology Co., Limited, Wuhan Yuanguang Ruikang Technology Co., Ltd., among others. The major players are adopting new product launch and expansion strategies for global growth in the PEMF therapy device market.

Orthofix Medical, Inc.:

Orthofix Medical, Inc. engages in the provision of medical devices. It operates through the following business segments: Global Spine and Global Extremities. The Global Spine reporting segment offers three primary product categories: Bone Growth Therapies, Spinal Implants, and Biologics. The Bone Growth Therapies product category manufactures, distributes, and provides support services of bone growth stimulator devices that enhance bone fusion. The Spinal Implants product category designs, develops, and markets a broad portfolio of motion preservation and fixation implant products used in surgical procedures of the spine. The Biologics product category provides a portfolio of regenerative products and tissue forms that allow physicians to treat a variety of spinal and orthopedic conditions. The Global Extremities reporting segment offers products and solutions that allow physicians to successfully treat a variety of orthopedic conditions unrelated to the spine. The company was founded on October 19, 1987 and is headquartered in Lewisville, TX.

Product Portfolio: The Company's portfolio comprises bone growth therapies products and biological products.

Why Purchase the Report?

  • Visualize the PEMF therapy device market segmentation composition by application, type and region, highlighting the critical commercial assets and players.
  • Identify commercial opportunities in the PEMF therapy device market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of PEMF therapy device market - level 3 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The global PEMF therapy device market report would provide access to an approx. 57 market data table, 57 figures and 250 pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers
Table of Contents

Table of Contents

1. Global PEMF Therapy Device Market Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Global PEMF Therapy Device Market - Market Definition and Overview

3. Global PEMF Therapy Device Market - Executive Summary

  • 3.1. Market Snippet by Type
  • 3.2. Market Snippet by Application
  • 3.3. Market Snippet by Region

4. Global PEMF Therapy Device Market - Market Dynamics

  • 4.1. Market Impacting Factors
    • 4.1.1. Drivers
      • 4.1.1.1. Growing packaging industry Increasing awareness regarding the benefits of electromagnetic therapy
      • 4.1.1.2. Increasing demand for pain relief application
    • 4.1.2. Restraints:
      • 4.1.2.1. Lack of understanding of the mechanism
    • 4.1.3. Impact Analysis

5. Global PEMF Therapy Device Market - Industry Analysis

  • 5.1. Porter's Five Forces Analysis
  • 5.2. Supply Chain Analysis
  • 5.3. Value Chain Analysis
  • 5.4. PEST Analysis
  • 5.5. Pricing Analysis
  • 5.6. Regulatory Analysis
  • 5.7. Reimbursement Analysis
  • 5.8. Unmet Needs
  • 5.9. Patent Trends

6. Global PEMF Therapy Device Market - COVID-19 Analysis

  • 6.1. Analysis of Covid-19 on the Market
    • 6.1.1. Before COVID-19 Market Scenario
    • 6.1.2. Present COVID-19 Market Scenario
    • 6.1.3. After COVID-19 or Future Scenario
  • 6.2. Pricing Dynamics Amid Covid-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives
  • 6.6. Conclusion

7. Global PEMF Therapy Device Market - By Type

  • 7.1. Introduction
  • 7.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type Segment
  • 7.3. Market Attractiveness Index, By Type Segment
    • 7.3.1. High Frequency*
      • 7.3.1.1. Introduction
      • 7.3.1.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    • 7.3.2. Low Frequency

8. Global PEMF Therapy Device Market - By Application

  • 8.1. Introduction
  • 8.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application Segment
  • 8.3. Market Attractiveness Index, By Application Segment
    • 8.3.1. Bone Growth*
      • 8.3.1.1. Introduction
      • 8.3.1.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    • 8.3.2. Pain Relief

9. Global PEMF Therapy Device Market - By Region

  • 9.1. Introduction
  • 9.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
  • 9.3. Market Attractiveness Index, By Region
  • 9.4. North America
    • 9.4.1. Introduction
    • 9.4.2. Key Region-Specific Dynamics
    • 9.4.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 9.4.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 9.4.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 9.4.5.1. U.S.
      • 9.4.5.2. Canada
      • 9.4.5.3. Mexico
  • 9.5. Europe
    • 9.5.1. Introduction
    • 9.5.2. Key Region-Specific Dynamics
    • 9.5.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 9.5.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 9.5.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 9.5.5.1. Germany
      • 9.5.5.2. U.K.
      • 9.5.5.3. France
      • 9.5.5.4. Italy
      • 9.5.5.5. Spain
      • 9.5.5.6. Rest of Europe
  • 9.6. South America
    • 9.6.1. Introduction
    • 9.6.2. Key Region-Specific Dynamics
    • 9.6.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 9.6.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 9.6.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 9.6.5.1. Brazil
      • 9.6.5.2. Argentina
      • 9.6.5.3. Rest of South America
  • 9.7. Asia Pacific
    • 9.7.1. Introduction
    • 9.7.2. Key Region-Specific Dynamics
    • 9.7.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 9.7.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 9.7.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 9.7.5.1. China
      • 9.7.5.2. India
      • 9.7.5.3. Japan
      • 9.7.5.4. Australia
      • 9.7.5.5. Rest of Asia Pacific
  • 9.8. Middle East and Africa
    • 9.8.1. Introduction
    • 9.8.2. Key Region-Specific Dynamics
    • 9.8.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 9.8.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 9.8.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

10. Global PEMF Therapy Device Market - Competitive Landscape

  • 10.1. Competitive Scenario
  • 10.2. Market Positioning/Share Analysis
  • 10.3. Mergers and Acquisitions Analysis

11. Global PEMF Therapy Device Market- Company Profiles

  • 11.1. Orthofix Medical Inc.*
    • 11.1.1. Company Overview
    • 11.1.2. Product Portfolio and Description
    • 11.1.3. Key Highlights
    • 11.1.4. Financial Overview
  • 11.2. Oxford Medical Instruments Health Store
  • 11.3. Nuage Health, Orthofix Holdings, Inc.
  • 11.4. I-Tech Medical Division,
  • 11.5. Pulsed Energy Technologies LLC
  • 11.6. Swiss Bionic Solutions,
  • 11.7. SEDONA Wellness Ltd.
  • 11.8. Pulse Centers B
  • 11.9. BioBalance
  • 11.10. Dolphin Neurostim
  • 11.11. BEMER AG
  • 11.12. BEIJING (Suzhou) Medical Technology Co., Ltd.
  • 11.13. Jiangsu Alphay Medical Device Co., Ltd.
  • 11.14. Guangdong Owgels Technology Co., Ltd.
  • 11.15. Shenzhen Guangyang Zhongkang Technology Co., Limited
  • 11.16. Wuhan Yuanguang Ruikang Technology Co., Ltd.

LIST NOT EXHAUSTIVE

12. Global PEMF Therapy Device Market - Premium Insights

13. Global PEMF Therapy Device Market - DataM Intelligence

  • 13.1. Appendix
  • 13.2. About Us and Services
  • 13.3. Contact Us