The global functional electric stimulation market is expected to be worth US$ 600 million in 2022, with a CAGR of 4.1% to reach US$ 897 million between 2022 and 2032. The increasing prevalence of spinal cord injuries is attributed to the growth. From 2016 to 2021, the functional electrical stimulation market grew at a CAGR of 3.3%.
What is Driving the Demand for Functional Electrical stimulation?
The increasing incidence of musculoskeletal disorders, advancements in medical technology, the growing importance of pain management therapies across various fields of medicine, and the growing number of physiotherapists using muscle stimulators to alleviate pain, discomfort, restore muscle tone, and rehabilitate different parts of the body are all driving the growth of the functional electrical stimulation market.
An bad diet, as well as a lack of physical activity and exercise, all contribute to the need for functional electrical stimulation.
As the global prevalence of musculoskeletal problems rises, spurred by unhealthy lifestyles and behaviours, the need for functional electrical stimulation is predicted to skyrocket. According to World Health Organization data from February 2021, musculoskeletal problems affect around 1.71 billion people globally, with low back pain being the most common, affecting 568 million people.
US and Canada Functional Electrical Stimulation Market Outlook
Obesity is associated with nervous system illnesses and can result in stroke, a condition in which blood flow to the brain is disrupted. Obesity is growing more prevalent in the United States as a result of changing lifestyles such as eating unhealthy foods and sleeping sporadically.
Obesity prevalence grew from 30.5% to 42.4% between 2000 and 2018, according to the CDC.
As a result, from 2022 to 2032, the demand for functional electrical stimulation is predicted to increase.
Who are the Key Manufacturers and Suppliers of Functional Electrical Stimulation?
The key players of functional electrical stimulation include HASOMED GmbH, Bioness Inc., Trulife, Otto Bock, Odstock Medical Limited, Hobbs Rehabilitation, MotoMed, and others.
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Key Segments
By Product Type:
- Wired Devices
- Wireless Devices
By Indication:
- Neurological Disorders
- Pain Management
- Musculoskeletal Disorders
- Others
By End User:
- Hospitals
- Ambulatory Surgical Centers
- Clinics
