Muscle Stimulator Market Size To Hit USD 997.3 Million By 2030


 San Francisco, 23 Aug 2024: The Report Muscle Stimulator Market Size, Share & Trends Analysis Report By Modality (Handheld, Portable, Table Top), By Product, By Application (Pain Management, Musculoskeletal Disorder), By End-use, By Region, And Segment Forecasts, 2024 - 2030

The global muscle stimulator market size is expected to reach USD 997.3 million by 2030, exhibiting a CAGR of 3.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The major factors attributing the industry growth is rising emphasis on pain management therapies in sports medicine along with increasing prevalence of musculoskeletal disorders throughout the world. Moreover, increasing popularity of muscle stimulators among physiotherapists as they are shifting from manual techniques to technological advanced techniques, further fuels the market growth.

The commencement of patient enrollment in Liberate Medical’s PREVENT study, a randomized, sham-controlled, blinded trial investigating the use of its neuromuscular electrical stimulator to help respiratory failure patients wean off mechanical ventilation, is significant for the muscle stimulator market. Liberate Medical, a medical technology company, has initiated patient enrollment in the PREVENT (Preventing Respiratory Failure Progression through Early Neuromuscular Electrical Stimulation) trial. This study aims to evaluate the effectiveness of Liberate’s neuromuscular electrical stimulator (NMES) in helping respiratory failure patients wean off mechanical ventilation. The PREVENT trial is financially supported by the US Department of Defense (DOD) through its Peer Reviewed Medical Research Programme. The DOD granted $6.8 million to Liberate Medical for this research project.

Technological advancements in medical products such as wearable muscle stimulator devices also contribute towards market growth. Furthermore, the increasing demand for wireless and portable muscle stimulators and their compatibility with smartphones is creating a positive impact towards market growth. Growing cases of anterior cruciate ligament (ACL) tear, hip flexor strain, and hamstring strain among sports players that require muscle stimulation therapy is further projected to drive the growth.

Access Research Report of Muscle Stimulator Market @ https://www.grandviewresearch.com/industry-analysis/muscle-stimulator-market

Muscle Stimulator Market Report Highlights

  • Based on the product, transcutaneous electrical nerve stimulation (TENS) segment held the largest market share in 2023 due to the growing prevalence of arthritis and increasing incidence of sports injuries.
  • Based on the modality, portable devices segment dominated the market in 2023 and is estimated to witness the highest CAGR during the forecast period.
  • Based on the application, pain management segment dominated the market with 54.2% of the market share in 2023 and is anticipated to grow at the fastest CAGR over the forecast period. The aging population is a significant driver for the pain management segment.
  • Based on the end-use, physiotherapy clinics segment dominated the market with the largest revenue share in 2023 and is anticipated to witness the highest CAGR during the forecast period.
  • In 2023, North America dominated with a share of 41.9% revenue share in 2023. The presence of key participants, large investments by governments. Asia Pacific is expected to grow at a fastest CAGR during the forecast period. The availability of trained professionals and the presence of developing healthcare facilities are expected to drive market growth over the forecast period.

Muscle Stimulator Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 818.9 million

Revenue forecast in 2030

USD 997.3 million

Growth rate

CAGR of 3.3% from 2024 to 2030

Actual data

2018 - 2023

Forecast data

2024 - 2030

List of Key Players in the Muscle Stimulator Market

  • NeuroMetrix, Inc.
  • OMRON Corporation
  • BioMedical Life Systems, Inc.
  • Zynex, Inc.
  • EMS Physio Ltd.
  • DJO Global, Inc.
  • Zimmer MedizinSysteme GmbH
  • Beurer GmbH.
  • RS Medical, Inc.
  • OG Wellness Technologies Co., Ltd.

Access Press Release of Muscle Stimulator Market @ https://www.grandviewresearch.com/press-release/global-muscle-stimulator-market

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

For More Information: https://www.grandviewresearch.com/horizon

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