Pulsed Electromagnetic Field Therapy Devices Market Growth Analysis | 2023-2028

Market Insights

The Global Pulsed Electromagnetic Field Therapy Devices Market is estimated to grow from US$ 369.52 million in 2022 to US$ 581.51 million by 2028 at a healthy CAGR of 7.8% during 2023-2028.

Wish to get a free sample? Register Here

What are Pulsed Electromagnetic Field Therapy Devices?

Pulsed Electromagnetic Field (PEMF or PEMFT) Therapy Devices are non-invasive medical devices that emit brief electromagnetic pulses to stimulate cellular activity in the body. These pulses mimic natural electromagnetic fields and are believed to enhance various physiological processes. PEMF therapy is utilized in pain management, tissue repair, and wellness applications.

PEMF devices can be used to alleviate chronic pain, aid in injury recovery, and improve overall well-being. They work by influencing cellular behavior, promoting better circulation, reducing inflammation, and supporting the body's natural healing mechanisms. These devices are available in various forms, from large clinical machines to portable, home-use units. PEMF therapy has gained popularity for its drug-free, non-invasive approach to pain relief and healing support across a range of medical and wellness applications.

Market Dynamics

The global market growth is primarily driven by the widespread usage of pulsed electromagnetic field therapy devices in treating various diseases.

• The rising risk of fractures due to falls & accidents and increasing sports injury cases are likely to boost the demand for pulsed electromagnetic field therapy to heal injuries and pain.

• Growing emphasis on the development of advanced products such as miniature devices and remote operation by integrating with mobile phone features are likely to propel the market growth substantially during the review period.

• However, a lack of understanding regarding the mechanism of bone healing effect achieved by these therapy devices is likely to affect the market growth.

Segments Analysis

End User Trends

Based on end users, the market has been divided into hospitals, wellness clinics, and home care settings.

• The hospital's segment accounted for a substantial market share and is projected to continue its dominance over the forecast period owing to the presence of established healthcare infrastructure and skilled healthcare professionals.

• The homecare settings segment is projected to register healthy CAGR during the review period on account of the increasing popularity of devices coupled with rising social media influence.

Regional Analysis

The market in North America accounted for the largest share owing to rising incidences of joint injuries and high demand for technologically advanced healthcare solutions. The market in the Asia-Pacific region is projected to register a healthy growth rate on account of increasing consumer awareness coupled with growing internet penetration in developing countries.

Want to know which region offers the best growth opportunities? Register Here

Key Players

The key players operating in the global pulsed electromagnetic field therapy devices market are-

• Bedfont Scientific Ltd (UK),
• Orthofix Holdings, Inc (The US),
• Curatronic Ltd. (Israel),
• Swiss Bionic Solutions Canada Inc. (Canada),
• Owens & Minor, Inc. (The US),
• HealthyLine (The US),
• Medithera GmbH (Germany),
• Earth Pulse (The US), and
• I-Tech Medical Division (Italy).

COVID-19 Impact

The COVID-19 outbreak affected the growth of the pulsed electromagnetic field therapy devices market for a short period as the visits to hospitals for therapy declined due to fear of coronavirus infection. Also, product availability was hampered due to travel restrictions and supply chain disruptions. However, with the reopening of the economies globally, product demand is likely to gain momentum.

Critical questions answered in this report-

• What are the key trends in the global Pulsed electromagnetic field therapy devices market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global Pulsed electromagnetic field therapy devices market?
• What are the key strategies adopted by the major vendors to lead in the global Pulsed electromagnetic field therapy devices market?
• What is the market share of the top vendors?

Target Audience

Here is the list of the group of customers that the global pulsed electromagnetic field therapy devices market hopes to have the greatest opportunity to convert-

• Manufacturers
• Suppliers
• Distributors
• Organizations
• Government bodies

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players).
• SWOT analysis of key players (up to three players).

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com.