Pulse Electromagnetic Field Therapy Devices Market Revenue To Cross USD 705.3 Mn by 2030

The global pulse electromagnetic field therapy devices market size is expected to be worth around US$ 705.3 million by 2030, according to a new report by Vision Research Reports.

The global Pulse Electromagnetic Field Therapy Devices market size was valued at US$ 401.5 million in 2020 and is anticipated to grow at a CAGR of 8.8% during forecast period 2021 to 2030.

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Growth Factors

Increasing focus on the development of advanced products is expected to boost the market growth. Furthermore, increasing cases of sports injuries and road accidents are expected to boost the demand for these devices, thereby augmenting the market growth. For instance, according to the WHO, about 1.3 million people die every year due to road traffic crashes.

The increasing geriatric population across the globe and rising awareness regarding pulse electromagnetic field (PEMF) therapy devices are anticipated to boost the market growth. Technological advancements, such as the development of narrow, miniaturized PEMF therapy devices using advanced materials are expected to secure the market position. The integration of telemedicine is expected to expand the application scope of these devices.

Report Coverage

By Power Analysis

Based on power, the PEMF therapy devices market is segmented into low frequency and high frequency. The low-frequency power segment accounted for the largest revenue share of more than 62% in 2020.

The high-frequency power segment is expected to grow at the fastest CAGR during the forecast period. High-frequency PEMF devices are suited for the treatment of conditions affecting soft tissues including muscles and tendons. Researchers have found that these devices improved edema up to some hours after the treatment session.

By Application Analysis

The pain relief application segment accounted for the highest revenue share of more than 44.5% in 2020. PEMF therapy devices provide an optimal magnetic field that reduces pain by enhancing the expansion and contraction of cells and also by detoxifying and regenerating damaged cells.

The bone growth segment is estimated to register a significant CAGR from 2021 to 2030. Pulsed electromagnetic fields are known to act on bone and osteoblasts, affecting its metabolism, despite the poor understanding of underlying mechanisms.

By End-use Analysis

The hospitals segment led the market in 2020 and accounted for more than 50% of the global revenue share. Hospitals are majorly the first choice of patients to visit for chronic pain and several bone disorders including osteoporosis and osteoarthritis, among others.

The home care settings segment is expected to grow at a significant CAGR from 2021 to 2030. The growth can be attributed to the rising healthcare awareness among individuals and product advancements.

By Regional Analysis

North America dominated the market and accounted for the largest revenue share of 42.2% in 2020. An increasing number of patients suffering from osteoporosis and osteoarthritis is predicted to boost the demand for PEMF therapy devices in the U.S. and Canada.

In Asia Pacific, the market is estimated to witness the fastest CAGR during the forecast period. Rising patient awareness levels related to the commercial availability of PEMF therapy devices and constantly improving healthcare infrastructure are anticipated to accelerate the market growth.

Key Players

• Bedfont Scientific
• Orthofix Holdings
• I-Tech Medical Division
• OSKA
• Medithera
• NiuDeSai
• Nuage Health
• Oxford Medical Instruments Health
• Bemer, LLC

Market Segmentation

• By Power
  • Low Frequency
  • High Frequency
• By Application
  • Pain Management
  • Bone Growth
  • Others
• By End-use
  • Hospitals
  • Home Care Settings
  • Others
• Regional
  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
    • Thailand
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Colombia
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • UAE