United States remains the most dominant country in the Pulse Electromagnetic Field Therapy Market having the expected largest market share of US$ 358.3 Mn by 2032. The market in the U.K. is projected to reach a valuation of US$ 48 Mn by 2032. In Japan, the market is expected to reach US$ 46 Mn by 2032.

DUBAI, United Arab Emirates, Dec. 20, 2022 (GLOBE NEWSWIRE) -- The pulse electromagnetic field (PEMF) therapy devices market revenues were estimated at US$ 416.6 Mn in 2021 and are anticipated to grow at a CAGR of 8.6% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach US$ 1 Bn, with an absolute dollar opportunity of US$ 580 Mn. The Low-Frequency pulse electromagnetic field therapy devices market is expected to account for the highest CAGR of 8.8%. Low-frequency PEMF devices are used to treat rheumatoid arthritis inflammation, pain, and impairments in a quick, non-invasive, and simple way.

According to the International Osteoporosis Foundation, osteoporosis results in 8.9 million fractures annually. Additionally, there are 1.6 million hip fractures worldwide each year, and between 4.5 and 6.3 million hip fractures are anticipated by 2050. As a result, as the incidence of osteoporosis increases, so will the demand for PEMF therapy devices.

Increased fractures from falls, accidents, and sports injuries, as well as poor road conditions in various nations, are some of the causes driving the market's expansion. A significant portion of people worldwide are affected by fractures brought on by sports-related injuries, accidents, falls from a particular height, and symptoms including arthritis, knee discomfort, and joint pain.

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According to WHO figures, around 1.3 million people die each year because of traffic accidents. Furthermore, low- and middle-income countries account for the majority of worldwide traffic fatalities. Poorly maintained roads can result in a variety of injuries and pain in various body areas.

Pedestrians may become hurt by potholes, uneven pavement, fractured surfaces, and road cracking, all of which require medical attention. The danger of accidents and other injuries that might result in severe pain is also increased due to governments' lack of focus on enhancing road infrastructure, which drives up healthcare costs for individuals.

Competitive Landscape

Some of the players operating in the pulse electromagnetic field therapy devices market include Bedfont Scientific, Orthofix Holdings, Nuage Health, Bemer, Oxford Medical Instruments Health, OSKA, Medithera, NiuDeSai, and I-Tech Medical Division.

Some of the recent developments of key players in Pulse Electromagnetic Field Therapy Devices Market are as follows:

• In August 2021, BEMER, released its latest Go-Edition to help people improve their health and well-being while on the go. A low-intensity pulsed electromagnetic field (PEMF) is used in the new portable set to increase muscle conditioning, performance, strength, and recuperation. Furthermore, the Go-Edition is an FDA-approved Class 11 medical device.

• In April 2021, Orthofix entered into an agreement with IGEA S.p.A., a biomedical company that specializes in biophysical therapeutics. The current agreement enabled the companies to collaborate on expanding the range of their bone, cartilage, and soft tissue stimulation treatments all over the United States.

• In September 2020, OSKA Wellness' OSKA Pulse technology-enabled products were introduced in India. PETF technology used by OSKA Pulse has been scientifically tested to be effective in increasing the functionality of patients who have motor difficulties, had back problems or had been in calf pain, among other conditions.

• In February 2020, Orthofix launched the new STIM onTrack mobile app version 2.1, which allows for enhancing the treatment with CervicalStim, SpinalStim, and PhysioStim bone growth stimulators by assisting patients to share PROM data remotely along with device usage data.

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Pulse Electromagnetic Field Therapy Devices Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential Insights by component (Low Frequency, High Frequency), by Application (Bone Growth, Pain Management, Other Applications), and by End-use (Home Care Settings, Hospitals, Other End-uses) across five regions (North America, Latin America, Europe, APAC and Middle East & Africa).

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Market Segments Covered in Pulse Electromagnetic Field Therapy Devices Industry Analysis

By Component:

• Low Frequency

• High Frequency

By Application:

• Bone Growth

• Pain Management

• Other Applications
  

By End-use:

• Home Care Settings

• Hospitals

• Other End-uses
  

Table of Content

1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. Analysis and Recommendations

2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Market
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Mn)
3.1.4. Assessment by Key Countries
3.1.5. Assessment by Key Market Segments
3.1.6. Action Points and Recommendation for Suppliers
3.2. Key Trends Impacting the Market
3.3. Formulation and Product Development Trends

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