Pulse Electromagnetic Field (PEMF) Therapy Devices Market: Introduction
According to the report, the global pulse electromagnetic field (PEMF) therapy devices market was valued at US$ 550 Mn in 2020 and is projected to expand at a CAGR of 3% from 2021 to 2031. The pulse electromagnetic field therapy device emits electromagnetic fields for healing non-union fractures and depression. Most often, fractures caused by accidents and sports injuries are treated with the help of these devices, which enables healing of the organ at the cellular and tissue level. Electromagnetic fields restore and stimulate many normal cellular signaling pathways that help in cellular healing of the organ. Low-frequency electromagnetic devices are used commonly because the normal body is habituated with the signal of low frequency type that ensures proper treatment and healing of the injured organs.
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In terms of type of device, the global pulse electromagnetic field (PEMF) therapy devices market has been classified into high-frequency PEMF devices, mid-frequency PEMF devices, and low-frequency PEMF devices. The low-frequency devices segment accounted for significant share of the global pulse electromagnetic field (PEMF) therapy devices market in 2020. Based on end-user, the global pulse electromagnetic field (PEMF) therapy devices market has been divided into hospitals & clinics, diagnostic centers, home care settings, and others. The hospitals & clinics segment held major share of the global pulse electromagnetic field (PEMF) therapy devices market in 2020.
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Pulse Electromagnetic Field (PEMF) Therapy Devices Market: Prominent Regions
North America accounted for a major share of the global pulse electromagnetic field (PEMF) therapy devices market in 2020. Presence of key players in the region, rise in number of diagnostic procedures using pulse electromagnetic field (PEMF) therapy devices, and growth strategies adopted by the key players drive the pulse electromagnetic field (PEMF) therapy devices market in the region.
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Europe held the second-largest share of the global pulse electromagnetic field (PEMF) therapy devices market in 2020. The growth of the market in the region can be attributed to well-developed healthcare infrastructure and increase in cases of fractures due to accidents, falls, and sports injuries. The pulse electromagnetic field (PEMF) therapy devices market in Europe is likely to grow at a rapid pace during the forecast period. Technological developments in pulse electromagnetic field (PEMF) therapy devices is also a major factor likely to propel the pulse electromagnetic field (PEMF) therapy devices market in the region.
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Pulse Electromagnetic Field (PEMF) Therapy Devices Market: Key Players
Key players are expanding their footprint to consolidate their positions and increase their share in the global pulse electromagnetic field (PEMF) therapy devices market. Hence, manufacturers engage in new product development, collaborations, and distribution to gain market share. Leading players operating in the global pulse electromagnetic field (PEMF) therapy devices market include Orthofix Medical, Inc., I-Tech Medical Division, Pulsed Energy Technologies LLC, PEMF GLOBAL, Oxford Medical Instruments, HealthyLine, Magnus Magnetica, LLC, BioBalance PEMF, Sedona Wellness, Nuage Health Devices Pvt. Ltd., and OSKA.
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