PUBLISHER: The Business Research Company | PRODUCT CODE: 1686151
PUBLISHER: The Business Research Company | PRODUCT CODE: 1686151
Electro-medical and electrotherapeutic apparatus encompass devices and equipment utilized in medical settings for the diagnosis, treatment, and management of various health conditions through the application of electrical energy. These apparatuses leverage principles from physics and electrical engineering to deliver therapeutic effects to the human body.
The primary categories of products within the realm of electro-medical and electrotherapeutic apparatus include diagnostic equipment, therapeutic equipment, surgical devices, patient-assistive devices, and other related products. Diagnostic equipment consists of tools and devices employed by healthcare professionals for diagnosing health conditions and diseases. These products are distributed through direct tenders and retail sales, serving diverse applications such as cardiology, neurology, oncology, orthopedics, gynecology, urology, and others. The end users of these products encompass hospitals, ambulatory surgical centers, specialty clinics, diagnostic centers, and homecare settings.
The electro-medical and electrotherapeutic apparatus market research report is one of a series of new reports from The Business Research Company that provides electro-medical and electrotherapeutic apparatus market statistics, including electro-medical and electrotherapeutic apparatus industry global market size, regional shares, competitors with an electro-medical and electrotherapeutic apparatus market share, detailed electro-medical and electrotherapeutic apparatus market segments, market trends and opportunities, and any further data you may need to thrive in the electro-medical and electrotherapeutic apparatus industry. This electro-medical and electrotherapeutic apparatus market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The electro-medical and electrotherapeutic apparatus market size has grown strongly in recent years. It will grow from $60.16 billion in 2024 to $64.7 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to sports injuries, improving overall healthcare infrastructure, growing demand for technologically sophisticated device, growing focus on less invasive and non-surgical treatments, rapidly developing home healthcare infrastructure.
The electro-medical and electrotherapeutic apparatus market size is expected to see strong growth in the next few years. It will grow to $81.8 billion in 2029 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to growing aging population, driving demand for innovative medical devices, impact of domestic tariffs and trade routes on the market, growth in healthcare infrastructure, rise in home healthcare. Major trends in the forecast period include technological advancements in therapeutic device, technologically sophisticated devices, increasing adoption of electromedical devices, research and development investments, collaborations and partnerships.
The increasing prevalence of chronic diseases is poised to drive growth in the electro-medical and electrotherapeutic apparatus market. Chronic diseases, characterized by persistent and long-lasting effects, are becoming increasingly prevalent globally, necessitating effective management and treatment options. Electro-medical and electrotherapeutic apparatus play a crucial role in the management of chronic conditions, offering symptomatic relief, improving functional outcomes, and supporting long-term disease management strategies. For example, projections from the National Library of Medicine in January 2023 suggest a significant rise in the prevalence of chronic illnesses, with an estimated 99.5% of the population expected to be affected by 2050, highlighting the pressing need for advanced medical devices to address these conditions. Consequently, the escalating prevalence of chronic diseases is driving demand for electro-medical and electrotherapeutic apparatus.
Leading companies in the electro-medical and electrotherapeutic apparatus market are channeling their efforts towards technological innovations to meet the evolving needs of patients and healthcare providers. One such innovation is exemplified by the development of the WellnessPro Infinity, a next-generation electrotherapy device designed to set a new standard in the bioelectronics marketplace. Launched by Electromedical Technologies Inc. in March 2022, the WellnessPro Infinity offers a comprehensive range of electrotherapy modalities for pain relief through frequency and electromodulation. With features such as unprecedented accuracy and a user-friendly interface, this device aims to address acute and chronic pain effectively. However, it is essential to note that it may not be suitable for certain patient populations, including pregnant women, hypertension patients, or individuals with pacemakers. With its advanced capabilities and potential to deliver positive patient outcomes, the WellnessPro Infinity is expected to drive innovation and growth in the electro-medical and electrotherapeutic apparatus market.
In March 2022, Electromedical Products International, Inc. (EPI), a US-based neuromodulation therapy company specializing in non-invasive brain stimulation for psychiatric disorders and insomnia, as well as microcurrent therapy for pain management, announced the acquisition of Pulvinar Neuro for an undisclosed amount. The acquisition aims to enhance EPI's capacity to develop non-invasive, drug-free treatments for mental health and pain conditions. Pulvinar Neuro, also based in the US and recognized for its advanced neuromodulating brain stimulation technologies, will now utilize EPI's resources to accelerate the development and commercialization of its innovative solutions.
Major companies operating in the electro-medical and electrotherapeutic apparatus market report are Johnson & Johnson Services Inc., Abbott Laboratories, Medtronic plc, Siemens Healthineers AG, Fresenius Medical Care AG And Co. KGaA, Koninklijke Philips N.V., Stryker Corporation, General Electric Company (GE) Healthcare, Baxter International Inc., Boston Scientific Inc., Zimmer Biomet, Olympus Corporation, Cerner Corporation, Hologic Inc., Mindray Medical International Limited, Shimadzu Corporation, Varian Medical System, Biotronik AG, ZOLL Medical Corporation, Elekta AB, Natus Medical Incorporated, Cardinal Health, Siare Engineering International Group, Electro-Medical Equipment Inc.
North America was the largest region in the electro-medical and electrotherapeutic apparatus market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electro-medical and electrotherapeutic apparatus market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the electro-medical and electrotherapeutic apparatus market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The electro-medical and electrotherapeutic apparatus market consists of sales of electrocardiographs, electrotherapy devices, defibrillators, ultrasound therapy devices, and biofeedback devices and pacemakers, Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Electro-medical and Electrotherapeutic Apparatus Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on electro-medical and electrotherapeutic apparatus market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for electro-medical and electrotherapeutic apparatus ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The electro-medical and electrotherapeutic apparatus market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.