Description
Electrical muscle stimulation (EMS), uses electric current for muscle contraction. The applications of EMS include strength training, rehabilitation after muscle injury or pain management, post-exercise recovery, chronic muscle disorders such as atrophy etc. the market for muscle stimulators is rising due to factors such as increasing popularity of sports, increased demand for fitness products, ageing population, increasing healthcare expenditure, rising affordability of muscle stimulators, increasing incidence of muscle diseases and disorders, demand for non-invasive technology devices and growing preference for muscle stimulators among physiotherapist.
The total muscle stimulator market is expected to reach USD 768.3 million by 2023 at a CAGR of 6.1% during the forecasted period.
The global muscle stimulator market is segmented on the basis of products, applications. The global muscle stimulator market by products is divided into Transcutaneous Electrical Nerve Stimulator, Burst mode Alternating Current, Neuromuscular Electric Stimulation, Interferential Current. Transcutaneous Electrical Nerve Stimulator market is commanding the largest market share of 34.0% in 2016, this market is expected to reach USD 268.5 million in 2023 for USD 174.4 million in 2016 at a CAGR of 6.6% during forecast period.
Global muscle stimulator Market by application comprises of Pain Management, Neurological and Movement Disorder Management and Musculoskeletal Disorder Management. Out of which Pain Management application holds the largest market share of 46.6% in 2016, this market is expected to reach US$ 366.2 million in 2023 from US$ 238.5 million in 2016 and is growing at a stable CAGR of 6.4% globally.
On the basis of region the global Muscle Stimulator market is segmented into North America, Europe, Asia Pacific, Middle East & Africa. North America is commanding the largest market share of 41.6% in 2016 with countries like US and Canada playing a prominent role in the development of the market. US market is expected to reach US$ 265.8 million in 2023 from US$ 166.7 million in 2016, this market is expected to grow at a CAGR of 7.0% during the forecast period 2017-2023. Asia-Pacific is the fastest growing market and is expected to grow at a CAGR of 6.6% during forecasted period
Key Players
The leading market players in the global muscle stimulator market include DJO Global, Inc., Mettler Electronics Corp., Axiobionics, Zynex, NeuroMetrix, Inc., OMRON Corporation, Tone-A-Matic and others.
Study objectives
• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global muscle stimulator market
• To provide insights about factors influencing and affecting the market growth
• To provide historical and forecast revenue of the market segments and sub-segments with respect to countries
• To provide historical and forecast revenue of the market segments based on products, applications, and regions for the global muscle stimulator market.
• To provide strategic profiling of key players in the market, and comprehensively analysing their market share, core competencies, and drawing a competitive landscape for the market
• To provide economic factors that influences the global muscle stimulator market
• To provide detailed analysis of the value chain and supply chain of the global muscle stimulator market
Target Audience
• Pharmaceutical Companies
• Pharmaceutical Suppliers
• Potential investors
• Key executive (CEO and COO) and strategy growth manager
• Reaserch companies
Key Findings
• The muscle stimulator global market and is expected to reach USD 768.3 million by 2023
• Transcutaneous Electrical Nerve Stimulator market is commanding the largest market share of 34.0% in 2016.
• North America holds the largest market share of 41.6% of microfluidic devices market and is anticipated to reach USD 328.9 million by the end of forecast period
• Asia the fastest growing region and expected to grow at the CAGR of 6.6% during the forecast period
The reports also covers regional analysis
• North America
o US
o Canada
• Europe
o Germany
o France
o U.K.
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Republic of Korea
o Rest of Asia-Pacific
• Middle East & Africa
o Middle East
o Africa
1Report Prologue
2Market Introduction
2.1Introduction
2.2Scope of The Study
2.2.1Research Objectives
2.2.2Assumptions
2.2.3Limitations
2.3Market Structure
3Research Methodology
3.1Introduction
3.2Primary Research
3.3Secondary Research
4Market Dynamics
4.1Drivers
4.1.1Increasing Popularity of Sports and Increased Demand for Fitness Products
4.1.2Ageing Population
4.1.3Increasing Healthcare Expenditure and Rising Affordability of Muscle Stimulators
4.1.4Increasing Incidence of Muscle Diseases and Disorders
4.1.5Demand for Non-Invasive Technology Devices and Growing Preference for Muscle Stimulators Among Physiotherapists
4.2Restraints
4.2.1Alternative Therapies
4.2.2Lack of Usage Guidelines and Safety Concerns
4.2.3Regulatory Uncertainties in the US
4.3Opportunities
4.3.1Research and Development
4.3.2Personalization and customization
4.4Challenges
4.4.1Market Fragmentation and Falling Profit Margin
4.4.2Spurious Low Quality Products
4.5Macroeconomic Indicators
4.5.1Electronics Manufacturing of Medical Devices has Good Growth Despite Poor Performancby Electronics Manufacturing as a Whole
4.5.2Growth of Contract Manufacturing in Medical Devices Especially Muscle Stimulators
4.5.3Rise of Developing Regions in Muscle Stimulator Market
4.6Mega Trends In Muscle Stimulators
4.6.1Smart and Connected Muscle Stimulators Products
4.6.2Green Electronics Manufacturing for Muscle Stimulators
4.6.3Energy-Efficient Muscle Stimulators and Safety
5Market Factor Analysis
5.1Porter’s Five Force Analysis
5.1.1Threat from a New Entrant
5.1.2Bargaining Power of Buyer
5.1.3Bargaining Power of Supplier
5.1.4Threat from Substitute
5.1.5Intensity of Competitive Rivalry
5.2Supply Chain Analysis
5.2.1Raw Material
5.2.2Supplier
5.2.3Poor Integration of Supplier in the Supply Chain
5.2.4Manufacturer
5.2.5Distributer
5.2.6Customer
5.2.7Consumer
5.3Investment Feasibility Analysis
5.4Pestle Analysis
5.4.1Political
5.4.2Economic
5.4.3Social
5.4.4Technological
5.4.5Legal
5.4.6Environmental
6Global Muscle Stimulator Test Market, By Product
6.1Introduction
6.2Transcutaneous Electrical Nerve Stimulator
6.3Burst mode Alternating Current
6.4Neuromuscular Electric Stimulation
6.5Interferential Current
7Global Muscle Stimulator Test Market By Application
7.1Introduction
7.2Pain Management
7.3Neurological and Movement Disorder Management
7.4Musculoskeletal Disorder Management
8Global Muscle Stimulator Test Market, By Regions
8.1Introduction
8.2North America
8.2.1US
8.2.2Canada
8.3Europe
8.3.1Germany
8.3.2France
8.3.3UK
8.3.4Italy
8.3.5Spain
8.3.6Rest of Europe
8.4Asia Pacific
8.4.1Japan
8.4.2China
8.4.3India
8.4.4Republic of Korea
8.4.5Australia
8.4.6Rest of Asia Pacific
8.5Middle East & Africa
8.5.1UAE
8.5.2Saudi Arabia
8.5.3Egypt
8.5.4Rest of Middle & Africa
9Competitive Landscape
9.1Introduction
9.2Market Share Analysis
9.3Key Development & Strategies
10Company Profile
10.1DJO Global, Inc.
10.1.1Company Overview
10.1.2Product Overview
10.1.3Financial Overview
10.1.4SWOT ANALYSIS
10.2Mettler Electronics Corp.
10.2.1Company Overview
10.2.2Product Overview
10.2.3Financial Overview
10.2.4SWOT ANALYSIS
10.3Axiobionics
10.3.1Company Overview
10.3.2Product Overview
10.3.3Financial Overview
10.3.4Key Developments
10.3.5SWOT ANALYSIS
10.4Zynex
10.4.1Company Overview
10.4.2Product/Business Segment Overview
10.4.3Financial Overview
10.4.4Key Development
10.4.5SWOT ANALYSIS
10.5NeuroMetrix, Inc.
10.5.1Company Overview
10.5.2Product Overview
10.5.3Financial Overview
10.5.4Key Development
10.5.5SWOT ANALYSIS
10.6Omron Corporation
10.6.1Company Overview
10.6.2Product Overview
10.6.3Financial Overview
10.6.4Key Developments
10.6.5SWOT ANALYSIS
10.7Tone-A-Matic
10.7.1Company Over
10.7.2Product Overview
10.7.3Financial Overview
10.7.4SWOT ANALYSIS
11Conclusion
11.1Key Findings
11.1.1From CEO’s View Point
11.1.2Key Companies to Watch
12Appendix
12.1Discussion Blue Print
