Muscle Stimulators 2018 Global Market Outlook,Research,Trends and Forecast to 2023
WiseGuyReports.Com Publish a New Market Research Report On –“ Muscle Stimulators 2018 Global Market Outlook,Research,Trends and Forecast to 2023”.
Pune, India – November 14, 2018 /MarketersMedia/ —
Description:-
Electrical muscle stimulation (EMS), uses electric current for muscle contraction. The applications of EMS include strength training, rehabilitation after muscle injury or pain management, post-exercise recovery, chronic muscle disorders such as atrophy etc. the market for muscle stimulators is rising due to factors such as increasing popularity of sports, increased demand for fitness products, ageing population, increasing healthcare expenditure, rising affordability of muscle stimulators, increasing incidence of muscle diseases and disorders, demand for non-invasive technology devices and growing preference for muscle stimulators among physiotherapist.
The total muscle stimulator market is expected to reach USD 768.3 million by 2023 at a CAGR of 6.1% during the forecasted period.
The global muscle stimulator market is segmented on the basis of products, applications. The global muscle stimulator market by products is divided into Transcutaneous Electrical Nerve Stimulator, Burst mode Alternating Current, Neuromuscular Electric Stimulation, Interferential Current. Transcutaneous Electrical Nerve Stimulator market is commanding the largest market share of 34.0% in 2016, this market is expected to reach USD 268.5 million in 2023 for USD 174.4 million in 2016 at a CAGR of 6.6% during forecast period.
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Global muscle stimulator Market by application comprises of Pain Management, Neurological and Movement Disorder Management and Musculoskeletal Disorder Management. Out of which Pain Management application holds the largest market share of 46.6% in 2016, this market is expected to reach US$ 366.2 million in 2023 from US$ 238.5 million in 2016 and is growing at a stable CAGR of 6.4% globally.
On the basis of region the global Muscle Stimulator market is segmented into North America, Europe, Asia Pacific, Middle East & Africa. North America is commanding the largest market share of 41.6% in 2016 with countries like US and Canada playing a prominent role in the development of the market. US market is expected to reach US$ 265.8 million in 2023 from US$ 166.7 million in 2016, this market is expected to grow at a CAGR of 7.0% during the forecast period 2017-2023. Asia-Pacific is the fastest growing market and is expected to grow at a CAGR of 6.6% during forecasted period
Key Players
The leading market players in the global muscle stimulator market include DJO Global, Inc., Mettler Electronics Corp., Axiobionics, Zynex, NeuroMetrix, Inc., OMRON Corporation, Tone-A-Matic and others.
Study objectives
• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global muscle stimulator market
• To provide insights about factors influencing and affecting the market growth
• To provide historical and forecast revenue of the market segments and sub-segments with respect to countries
• To provide historical and forecast revenue of the market segments based on products, applications, and regions for the global muscle stimulator market.
• To provide strategic profiling of key players in the market, and comprehensively analysing their market share, core competencies, and drawing a competitive landscape for the market
• To provide economic factors that influences the global muscle stimulator market
• To provide detailed analysis of the value chain and supply chain of the global muscle stimulator market
Target Audience
• Pharmaceutical Companies
• Pharmaceutical Suppliers
• Potential investors
• Key executive (CEO and COO) and strategy growth manager
• Reaserch companies
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Table Of Contents – Major Key Points
1 Report Prologue 10
2 Market Introduction 14
2.1 Introduction 14
2.2 Scope of The Study 14
2.2.1 Research Objectives 14
2.2.2 Assumptions 15
2.2.3 Limitations 15
2.3 Market Structure 15
3 Research Methodology 16
3.1 Introduction 16
3.2 Primary Research 17
3.3 Secondary Research 17
3.4 Forecast Model 18
4 Market Dynamics 19
4.1 Drivers 19
4.1.1 Increasing Popularity of Sports and Increased Demand for Fitness Products 19
4.1.2 Ageing Population 19
4.1.3 Increasing Healthcare Expenditure and Rising Affordability of Muscle Stimulators 19
4.1.4 Increasing Incidence of Muscle Diseases and Disorders 19
4.1.5 Demand for Non-Invasive Technology Devices and Growing Preference for Muscle Stimulators Among Physiotherapists 20
4.2 Restraints 20
4.2.1 Alternative Therapies 20
4.2.2 Lack of Usage Guidelines and Safety Concerns 20
4.2.3 Regulatory Uncertainties in the US 20
4.3 Opportunities 21
4.3.1 Research and Development 21
4.3.2 Personalization and customization 21
4.4 Challenges 21
4.4.1 Market Fragmentation and Falling Profit Margin 21
4.4.2 Spurious Low Quality Products 21
4.5 Macroeconomic Indicators 22
4.5.1 Electronics Manufacturing of Medical Devices has Good Growth Despite Poor Performance by Electronics Manufacturing as a Whole 22
4.5.2 Growth of Contract Manufacturing in Medical Devices Especially Muscle Stimulators 22
4.5.3 Rise of Developing Regions in Muscle Stimulator Market 22
4.6 Mega Trends In Muscle Stimulators 23
4.6.1 Smart and Connected Muscle Stimulators Products 23
4.6.2 Green Electronics Manufacturing for Muscle Stimulators 23
4.6.3 Energy-Efficient Muscle Stimulators and Safety 23
5 Market Factor Analysis 24
5.1 Porter’s Five Force Analysis 24
5.1.1 Threat from a New Entrant 25
5.1.2 Bargaining Power of Buyer 26
5.1.3 Bargaining Power of Supplier 27
5.1.4 Threat from Substitute 27
5.1.5 Intensity of Competitive Rivalry 27
5.2 Supply Chain Analysis 28
5.2.1 Raw Material 28
5.2.2 Supplier 28
5.2.3 Poor Integration of Supplier in the Supply Chain 28
5.2.4 Manufacturer 29
5.2.5 Distributer 29
5.2.6 Customer 29
5.2.7 Consumer 29
5.3 Investment Feasibility Analysis 30
5.4 Pestle Analysis 31
5.4.1 Political 31
5.4.2 Economic 31
5.4.3 Social 31
5.4.4 Technological 32
5.4.5 Legal 32
5.4.6 Environmental 33
Continued……
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