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 by 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 functional electrical stimulation market is driven by various factors such as rising musculoskeletal disorders, technological advancements such as medical science, the increasing importance of pain management therapies in various fields of medicine, and the increasing number of physiotherapists for muscle disorders. Stimulators help decrease pain, discomfort, restore muscle tone, and rehabilitate various parts of the body.
Furthermore, an unhealthy diet, as well as a lack of physical activities and exercise, tend to drive the demand for functional electrical stimulation quickly.
U.S. and Canada Functional Electrical Stimulation Market Outlook
Obesity is linked to nervous system disorders and can also lead to stroke, a condition in which blood flow to the brain is interrupted. Obesity is becoming more common in America as a result of changing lifestyles such as eating unhealthy foods and sleeping irregularly.
According to the CDC, the prevalence of obesity increased from 30.5% to 42.4% between 2000 and 2018.
As a result, the demand for functional electrical stimulation is expected to rise from 2021 to 2031.
Europe Demand Outlook for Functional Electrical Stimulation
The region has a high prevalence of musculoskeletal disorders, which has a direct positive impact on the electrical stimulation market. Poland and Hungary, for example, have the highest prevalence of musculoskeletal disorders in Europe, with 6,737 and 6,697 per 100,000 population, respectively.
As the prevalence of musculoskeletal disorders rises, so does the demand for functional electrical stimulation in the region.
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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.
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