Future Prospect Of Global Electromagnetic Therapy Devices Market is Anticipated to Exceed USD 600.0 Mn by 2028
New York, NY, Aug 14, 2019 (WiredRelease): Market.us announces publication of its most recently generated research report titled, “Electromagnetic Therapy Devices Market by Product Type (High Frequency, Low Frequency), By Application (Bone Growth, Pain Relief), and by Region – Global Forecast to 2028.”, which offers a holistic view of the global electromagnetic therapy devices market through systematic segmentation that covers every aspect of the target market.
The global electromagnetic therapy devices market is projected to be US$ 306.9 Mn in 2018 to reach US$ 600.0 Mn by 2028 at a CAGR of 6.9%.
Top trending best Electromagnetic devices are the medical devices which uses electromagnetic pulses in the electromagnetic therapy. Electromagnetic therapy is a somehow pseudoscientific form of alternative medicine which claims to treat disease by applying electromagnetic radiation to the body. Magnetic energy exists in our body and it controls the heartbeats, it stimulates muscles, and more. Each molecule in the human body contains a small amount of magnetic energy. Electromagnetic Therapy Devices are commonly used in Bone Growth, Pain Relief and other field. The assumption is that, imbalance due to electromagnetic frequencies causing illness in the body can be corrected by electromagnetic therapy. Electromagnetic therapy is also known as bioelectricity, magneto biology, magnetic field therapy, and magnetic healing. Applications like instant pain relief, bone growth etc. are expected to grow this market. Use of Devices are supplementary with surgery this could anticipate to drive the market. US food and drug Administration (FDA) has approved some instruments this could help to boost the market.
Due to time limitation people prefer to use quick-relief devices like electromagnetic therapy devices to get rid of pain and due to ever-increasing geriatric population worldwide, market of electromagnetic devices is expected to grow at high. PEMF therapy devices for particular ailments like healing of nonunion fractures, urinary incontinence and muscle stimulation are approved by FDA this could help market to grow. Technology enhancement in the healthcare sector of some emerging nations is expected to fuel the growth of electromagnetic devices market.
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Global Electromagnetic Therapy Devices Market Revenue (US$ Mn), 2018–2028
Government has some rules and regulations on the usage of these devices with respect to electromagnetic waves and some side effects from these devices like pain, nausea, dizziness etc. can decrease the market growth.
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Global Electromagnetic Therapy Devices Market by Formulation, 2018
Low frequency devices accounts majority share in global electromagnetic therapy device market.
On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, MEA. The North America accounts for the majority share in the global electromagnetic therapy device market, followed by Europe.
The research report on the global electromagnetic therapy device market includes profiles of some of major companies such as Orthofix Medical Inc., Swiss Bionic Solutions, Curatronic Ltd., Dolphin Neurostim, BEMER AG, Oxford Medical Instruments Ltd, Medithera GmbH, EarthPulse, Orin Group, I Tech Medical Division etc.
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Key Market Segments:
Key Market Players included in the report:
Orthofix Medical Inc.
Swiss Bionic Solutions
Oxford Medical Instruments Ltd
I Tech Medical Division
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