Europe Pulse Electromagnetic Field Therapy Devices Market By Power (Low Frequency and High Frequency), By Application (Pain Management, Bone Growth, and Others), By End Use (Hospitals, Home Care Settings, and Other End uses), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The Europe Pulse Electromagnetic Field Therapy Devices Market would witness market growth of 9.9% CAGR during the forecast period (2021-2027).
As per the International Osteoporosis Foundation, around 8.9 million fractures are caused by osteoporosis every year. Also, about 1.6 million hip fractures occur around the world annually, and this number would fall between 4.5 and 6.3 million by 2050. Thus, the demand for PEMF therapy devices would be fuelled by the drastic increment in the cases of osteoporosis.
The adoption of pulsed electromagnetic field therapy devices is expected to be fuelled by the massive economic burden. PEMF therapy devices are considered a secure and non-invasive method to decrease pain and inflammation. Also, they can be utilized to support and improve existing healthcare modalities. Moreover, the PEMF includes several devices such as full body mats, pinpointed probe or "spot" applicators, or localized pad applicators. Hence, these factors are anticipated to fuel the growth of the market during the forecasting period.
The growth of the regional pulse electromagnetic field therapy devices market would be driven by the high demand for these pain-relief devices in the countries like Germany, the UK, France, and others. In addition, the regional manufacturers are increasingly developing their product offerings which would propel the growth of the regional pulse electromagnetic field therapy devices market.
The Germany market dominated the Europe High Frequency Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $22.34 million by 2027.The UK market is anticipated to grow a CAGR of 10.8% during (2021 - 2027). Additionally, The France market would showcase a CAGR of 13.7% during (2021 - 2027).
Based on Power, the market is segmented into Low Frequency and High Frequency. Based on Application, the market is segmented into Pain Management, Bone Growth, and Others. Based on End Use, the market is segmented into Hospitals, Home Care Settings, and Other End uses. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bedfont Scientific Ltd., Orthofix Medical, Inc., I-Tech Medical Division (I.A.C.E.R. Srl), Oska Wellness, Inc., Nuage Health Devices Pvt. Ltd., Sedona Wellness, Bemer USA, LLC, Pulsed Energy Technologies LLC, and HealthyLine.
Scope of the Study
Market Segments Covered in the Report:
- Low Frequency
- High Frequency
- Pain Management
- Bone Growth
By End Use
- Home Care Settings
- Other End uses
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Bedfont Scientific Ltd.
- Orthofix Medical, Inc.
- I-Tech Medical Division (I.A.C.E.R. Srl)
- Oska Wellness, Inc.
- Nuage Health Devices Pvt. Ltd.
- Sedona Wellness
- Bemer USA, LLC
- Pulsed Energy Technologies LLC
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