Electrotherapy Market: By Product Type (Transcutaneous Electrical Nerve Stimulation, Spinal Cord Stimulation, Electronic Muscle Stimulator, Electro acupuncture, Interferential Current Therapy, Extracorporeal Shock Wave Therapy, Micro current Therapy, Magnetic Field Therapy, Ultrasound Therapy, Percutaneous Electrical Nerve Stimulation), By End User (Rehabilitation Centers, Hospitals and Clinics, Others) and Geography  

Electrotherapy Market size is estimated to be valued at USD 985.1 million in 2023 and is poised to grow at a significant CAGR of 4.5% from 2024-2030. Electrotherapy is a medical procedure that uses electromagnetic electricity to treat modality arthritis, muscle atrophy, sports injury, and nerve pain. This therapy is used by athletic trainers and therapists for electric stimulation for pain management, tissue healing, cardiology, and urinary and faecal incontinence. This is a drug-free, non-invasive, gentle therapy that promotes endorphin release to alleviate pain.

The transcutaneous electrical nerve stimulation segment is anticipated to grow at a significant CAGR over the forecast years owing to TENS help to reduce pain and muscle spasms caused by a wide range of conditions, including arthritis, period pain, pelvic pain caused by endometriosis, knee pain, sports injuries. More healthcare experts have reported that it seems to help some people, although how well it works depends on the individual and the condition being treated. Moreover, competitive players are focusing on launching new products, acquiring, and collaborating to maintain growth in the market. For instance, In January 2019, Boston Scientific Corporation launched Vercise Primary Cell (PC) and Verse Gevia Deep Brain Stimulation (DBS) Systems. These two systems allow physicians to control the shape, position, range, and direction of electrical stimulation to treat Parkinson's disease (PD) symptoms through highly personalized therapy. Increase in prevalence of neurological disorders, technical improvements in electrotherapy systems, growing obesity, and an increase in sports injuries are a few drivers driving the global electrotherapy market's growth.

Electrotherapy Market Key Developments:

• In 2019, Boston Scientific Corporation (Boston Scientific), a manufacturer of medical devices, launched Vercise Primary Cell (PC) and Vercise Gevia Deep Brain Stimulation (DBS) Systems to control the position, range, and direction of the electrical stimulation.