Global Electromagnetic Therapy Device Market by Product Type (High Frequency, Low Frequency), By Application (Bone Growth, Pain Relief, Others), and by Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Electromagnetic Therapy Device Market Overview:

The global Electromagnetic Therapy Device Market is projected to be USD 347.6 Mn in 2022 to reach USD 600.0 Mn by 2032 at a CAGR of 6.9%.

Electromagnetic devices are medical devices that use electromagnetic pulses in 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, 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 fields. The assumption is that imbalance due to electromagnetic frequencies causing illness in the body can be corrected by electromagnetic therapy.

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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. The use of Devices is supplementary to surgery this could anticipate driving the market. US food and drug Administration (FDA) has approved some instruments this could help to boost the market.

Global Electromagnetic Therapy Device Market Revenue (USD Mn), 2020–2028:

The ever-increasing geriatric population worldwide, preference for the use of quick-relief devices, and sifting to alternate treatment options rather than surgery, are factors expected to boost the market growth of electromagnetic therapy devices. Some osteogenesis (bone growth) stimulators and PEMF therapy devices for particular ailments like the healing of nonunion fractures, urinary incontinence, and muscle stimulation are approved by FDA this could help the market to grow.

Unfortunately, the side effects associated with usage of these devices like pain, nausea, dizziness, etc., along with the fact that individuals with an insulin pump or pacemaker cannot use PEMF therapy devices are factors expected to hinder the market growth.

The research report on the global electromagnetic therapy device market includes profiles of some of the major companies such as:

• Orthofix Medical Inc.
• Swiss Bionic Solutions
• Curatronic Ltd
• Dolphin Neurostim
• Bemer International Ag
• Oxford Medical Instruments Ltd
• Medithera GmbH
• Earth Pulse
• Orin Group
• I-Tech Medical Division
• Others

Global Electromagnetic Therapy Device Market segmentation based on Product Type, Application, and Region:

Based on Product Type:

• High Frequency
• Low Frequency

Based on Application:

• Bone Growth
• Pain Relief
• Others

Based on Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle-East and Africa

For the Electromagnetic Therapy Device Market research study, the following years have been considered to estimate the market size: