Electrical stimulation devices (ESDs) in recent years have garnered wide attention in a variety of areas such as therapeutics, sports medicine, and cosmetics. These devices are gaining increasing acceptance as modern, complementary strength training methods for athletes and as potential methods for pain management in patients with musculoskeletal injuries. Compared to other traditional technologies, ESDs are also proving to be promising as rehabilitation tool in physiotherapy world over. Apart from this, ESDs are soaring in popularity in esthetics. ESDs work by electrically stimulating and contracting muscles with the use of electric impulses. In various regions, the scope of these devices is generating widespread interest among patient populations needing physiotherapies to manage chronic pain and among athletes to achieve specific training goals.
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Pain Management to Remain Most Promising Application Segment
In terms of application, the segment of pain management is projected to be the key contributor of revenue to the global electrical stimulation devices market over the forecast period. The segment accounted for a massive 53.4% of the global market in 2014 and is expected to rake in the leading share in the global market over the forecast period as well, chiefly owing to the rising prevalence of chronic pain across the globe. From a geographical standpoint, the market in North America, which held a significant 43.5% of the global market in 2014, is expected to retain dominance over the forecast period as well.
Rising Patient Pool of Chronic Diseases to Positively Influence Global Demand for Electrical Stimulation Devices
Much of the demand for electrical stimulation devices is courtesy use for treating a number of chronic diseases such as obesity, diabetes, and chronic pain. The rate of prevalence of these conditions is rising at an alarming pace across the globe. According to a WHO report, nearly 13% of the global population was overweight. A massive rise in diabetes across the globe is also predicted in the next few decades. Moreover, the massive and rising patient pool of chronic pain presents the need for effective interventions.
These factors are collectively fueling the adoption of home and remote healthcare solutions, of which electrical stimulation devices form a key part. As a result, the global demand for a variety of electrical stimulation devices holds massive promise in the near future.