North America 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 North America Pulse Electromagnetic Field Therapy Devices Market would witness market growth of 9.6% CAGR during the forecast period (2021-2027).
Pulse electromagnetic field therapy devices take the help of electromagnetic fields in order to cure non-union and complicated fractures, sleep, brain tumors, performance improvement, pain reduction, anti-depression, and depression. In addition, pulsed electromagnetic field therapy devices comprise various flat spiral coils which develop an even electromagnetic field and a frequency generator to create increased energy in the coils which leads to a pulsed electromagnetic field.
In addition, the demand and adoption rate of pulse electromagnetic field therapy devices would be propelled by psychometric aspects like shifting lifestyle patterns, the massive popularity of wellness, and the increased influence of media and peer groups. The rise in income of women plays a crucial role in the increased demand for pulse electromagnetic field therapy devices as diseases and fractures like osteoporosis are also affecting women, though at a low rate than men.
The presence of developed countries such as the US and Canada have advanced healthcare infrastructures that are equipped with modern healthcare devices and equipment, thereby boosting the growth of the regional pulse electromagnetic field therapy devices market. The U.S. FDA has approved the utilization of PEMF devices for the treatment of non-union fractures and plantar fasciitis, edema, pain, and post-operative osteoarthritis.
The US market dominated the North America Low Frequency Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $126.16 million by 2027. The Canada market is expected to witness a CAGR of 10.9% during (2021 - 2027). Additionally, The Mexico market would exhibit a CAGR of 9.9% 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 U.S., Mexico, Canada, and Rest of North America.
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 North America
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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