LAMEA 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 Latin America, Middle East and Africa Pulse Electromagnetic Field Therapy Devices Market would witness market growth of 11.4% CAGR during the forecast period (2021-2027).
The pulse electromagnetic field therapy devices are promoted as aesthetic and wellness products due to the impact of the media & tourism industry. In addition, the growth of the regional market would be driven by the booming medical tourism in the countries like Brazil, Venezuela, and Ecuador. Additionally, the booming economies of the nations like Saudi Arabia, Kuwait, and Qatar are anticipated to boost the market growth during the forecasting period.
The growth of the market would be fuelled by the rise in the aging population worldwide and increasing awareness about the benefits of Pulse Electromagnetic Field (PEMF) therapy devices. In addition, the market growth is further driven by advances in technology like the manufacturing of compact, miniaturized PEMF therapy devices with the help of new-age materials. Additionally, the applications of these devices would be increased by the integration of telemedicine.
Additionally, the pulsed electromagnetic field therapy devices are similar to yoga mats and are promoted as wellness products which would boost the demand for these devices in the upcoming years.
The Brazil market dominated the LAMEA Pulse Electromagnetic Field Therapy Devices Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $15.99 million by 2027.The Argentina market is expected to witness a CAGR of 12% during (2021 - 2027). Additionally, The UAE market would exhibit a CAGR of 11.1% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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