Global Over-the-Counter (OTC) Electromagnetic Pulse Therapy Market, By Device (High-frequency PEMF Devices, Mid-frequency PEMF Devices, and Low-frequency PEMF Devices), End-user (Hospitals & Clinics, Diagnostic Centers, Home Care Settings, and Others) - Industry Trends and Forecast to 2030.
Over-the-Counter (OTC) Electromagnetic Pulse Therapy Market Analysis and Size
The over-the-counter (OTC) electromagnetic pulse therapy market is expected to witness significant growth during the forecast period. Acute spinal cord injuries and fractures with delayed healing and non-healing are caused by road accidents and trauma, and these injuries require appropriate surgical intervention. Thus, the over-the-counter electromagnetic pulse therapy market trend is increasing each decade. Rapid advances in medical devices worldwide, changing approaches to therapeutic techniques, and demand for electromagnetic therapy equipment for bone growth are key factors expected to drive the global OTC electromagnetic pulse therapy market growth.
Data Bridge Market Research analyses that the global over-the-counter (OTC) electromagnetic pulse therapy market which was USD 603.29 million in 2022, would rocket up to USD 928.34 million by 2030 and is expected to undergo a CAGR of 4.8% during the forecast period of 2023 to 2030. “High-frequency PEMF devices” dominates the device segment of the over-the-counter (OTC) electromagnetic pulse therapy market owing to the increasing prevalence of chronic diseases among the population. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Over-the-Counter (OTC) Electromagnetic Pulse Therapy Market Scope and Segmentation
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Report Metric |
Details |
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Forecast Period |
2023 to 2030 |
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Base Year |
2022 |
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Historic Years |
2021 (Customizable to 2015-2020) |
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Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
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Segments Covered |
By Device (High-frequency PEMF Devices, Mid-frequency PEMF Devices, and Low-frequency PEMF Devices), By End-user (Hospitals & Clinics, Diagnostic Centers, Home Care Settings, and Others) |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America. |
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Market Players Covered |
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Market Opportunities |
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Market Definition
Electromagnetic therapy devices are a kind of wearable version of pulsed shortwave therapy which consists of low voltage (3V) digital/analog electronics that produce a therapeutic radiofrequency field. The electromagnetic signal pulses stimulate neuromodulation of the afferent nerves to reduce pain and inflammation. In this treatment, the device emits pulsating, different intensity and frequency electromagnetic fields through a solenoid placed around the patient.
Over-the-Counter (OTC) Electromagnetic Pulse Therapy Market Dynamics
Drivers
- Increasing prevalence of chronic diseases
Globally, the prevalence of chronic illnesses like arthritis, fibromyalgia, and back pain is rising. These illnesses frequently call for long-term care as well as painkillers. Devices that use electromagnetic pulse treatment offer a drug-free alternative to treating chronic pain and enhancing general well-being. The demand for these devices is fueled by the increasing prevalence of chronic diseases.
- Rising geriatric population
Electromagnetic pulse therapy has a big future due to the aging world population and the rising prevalence of chronic illnesses. This treatment has the potential to help those with chronic illnesses and older adults who frequently experience pain, poor circulation, and difficulty recovering from traumas. The use of electromagnetic pulse therapy devices may rise as a result of marketing to these groups.
- Rising demand for non-invasive therapies
People looking for pain management and rehabilitation solutions are increasingly in need of non-invasive therapeutic choices. A non-pharmacological, non-invasive method to treat a variety of medical disorders, such as musculoskeletal pain, inflammation, and injury rehabilitation, is electromagnetic pulse treatment. The popularity of over-the-counter electromagnetic pulse therapy devices is driven by the demand for non-invasive therapies.
Opportunities
- Increasing awareness and acceptance
The public can be informed about the advantages and possible uses of electromagnetic pulse therapy as awareness of complementary therapies and non-invasive treatments increases. Greater acceptance and usage of these devices may result from initiatives to raise awareness through marketing campaigns, educational initiatives, and partnerships with healthcare professionals.
- Increasing technological advancements
Technology advancements could improve the efficacy and usability of electromagnetic pulse therapy equipment. Manufacturers can exploit technological advancements like miniaturization, wireless networking, and enhanced user interfaces to create items that are easier to use and more convenient. The creation of personalized treatment options and remote monitoring capabilities can both benefit from technological improvements.
- Rising focus on personalization or customization
Devices for electromagnetic pulse therapy can be tailored to meet individual needs and address certain medical issues. To accommodate varying user needs, manufacturers can create devices with programmable settings, treatment plans, and user profiles. User happiness can be raised by customized services, which can also spur market expansion.
Restrains
- Strict regulatory framework
The process of getting the required permits and certifications for electromagnetic pulse therapy devices can be difficult and time-consuming because regulatory frameworks vary between nations. For manufacturers, meeting regulatory requirements and obtaining market authorization can be difficult and restrict market growth.
- High costs
The market penetration of over-the-counter electromagnetic pulse therapy devices is significantly influenced by affordability and cost-effectiveness. It can be difficult to design pricing plans that make these gadgets affordable for a variety of consumers, especially when you take into account the costs of research and development for the technology.
Challenges
- Safety concerns
It is essential to guarantee the effectiveness and safety of electromagnetic pulse therapy equipment. To prove the safety of their products, manufacturers must carry out extensive testing and present scientific proof. For the market to expand, it is crucial to address safety issues and foster user trust.
- Alternative Therapies
Other complementary therapies and treatment methods are a rival in the market. The use of electromagnetic pulse therapy devices may be constrained by consumer preference for conventional treatments or other non-invasive therapies.
This over-the-counter (OTC) electromagnetic pulse therapy market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the over-the-counter (OTC) electromagnetic pulse therapy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Over-the-Counter (OTC) Electromagnetic Pulse Therapy Market Scope
The over-the-counter (OTC) electromagnetic pulse therapy market is segmented on the basis of device and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Device
- High-frequency PEMF Devices
- Mid-frequency PEMF Devices
- Low-frequency PEMF Devices
End-User
- Hospitals & Clinics
- Diagnostic Centers
- Home Care Settings
- Others
Over-the-Counter (OTC) Electromagnetic Pulse Therapy Market Regional Analysis/Insights
The over-the-counter (OTC) electromagnetic pulse therapy market is analysed and market size insights and trends are provided by device and end-user as referenced above.
The major countries covered in the over-the-counter (OTC) electromagnetic pulse therapy market are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is expected to dominate the region in the over-the-counter (OTC) electromagnetic pulse therapy market due to the increasing number of patients suffering from osteoporosis and osteoarthritis. Asia-Pacific region has shown significant growth in the over-the-counter electromagnetic pulse therapy market due to the rising patient awareness levels related to the commercial availability of PEMF therapy devices and the constantly improving healthcare infrastructure.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The over-the-counter (OTC) electromagnetic pulse therapy market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kind of products for over-the-counter (OTC) electromagnetic pulse therapy market, the impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the over-the-counter (OTC) electromagnetic pulse therapy housing market. The data is available for the historic period 2015-2020.
Competitive Landscape and Global Over-the-Counter (OTC) Electromagnetic Pulse Therapy Market Share Analysis
The over-the-counter (OTC) electromagnetic pulse therapy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the over-the-counter (OTC) electromagnetic pulse therapy market.
Some of the major players operating in the over-the-counter (OTC) electromagnetic pulse therapy market are:
- Bedfont Scientific Ltd. (U.K.)
- Orthofix Holdings (U.S.)
- OSKA (U.S.)
- HEP, LLC (U.S.)
- BEMER, LLC (U.S.)
- I-Tech Medical Divison (Italy)
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