Electro-medical and electrotherapeutic apparatus refers to devices and equipment used in medical settings for the diagnosis, treatment, and management of various health conditions through the application of electrical energy. These apparatuses utilize principles of physics and electrical engineering to deliver therapeutic effects to the human body.
Sizing and Forecast
The electro-medical and electrotherapeutic apparatus market size has grown strongly in recent years. It will grow from $55.89 billion in 2023 to $60.16 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. 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.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/electro-medical-and-electrotherapeutic-apparatus-global-market-report
Segmentation & Regional Insights
The electro-medical and electrotherapeutic apparatus market covered in this report is segmented –
1) By Product: Diagnostic Equipment, Therapeutic Equipment, Surgical Devices, Patient Assistive Devices, Other Products
2) By Distribution Channel: Direct Tender, Retail Sales
3) By Application: Cardiology, Neurology, Oncology, Orthopedics, Gynecology, Urology, Other Applications
4) By End-User: Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Diagnostic Centers, Homecare Settings
North America was the largest region in the electro-medical and electrotherapeutic apparatus market in 2023. 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.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13846&type=smp
Major Driver Impacting Market Growth
The increasing prevalence of chronic diseases is expected to propel the growth of the electro-medical and electrotherapeutic apparatus market going forward. Chronic diseases, or non-communicable diseases (NCDs), are medical conditions characterized by long-lasting and persistent effects that typically develop over an extended period. Electro-medical and electrotherapeutic apparatus are used in the management of chronic diseases to provide symptomatic relief, improve functional outcomes, and support long-term disease management. For instance, in January 2023, according to the National Library of Medicine, a US-based medical library, an estimated 99.5% of the population would have chronic illness by 2050, rising from 71.522 million in 2020 to 142.66 million. Therefore, the increasing prevalence of chronic diseases is driving the growth of the electro-medical and electrotherapeutic apparatus markets.
Key Industry Players
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.
The electro-medical and electrotherapeutic apparatus market report table of contents includes:
1. Executive Summary
2. Electro-medical and Electrotherapeutic Apparatus Market Characteristics
3. Electro-medical and Electrotherapeutic Apparatus Market Trends And Strategies
4. Electro-medical and Electrotherapeutic Apparatus Market – Macro Economic Scenario
5. Global Electro-medical and Electrotherapeutic Apparatus Market Size and Growth
….
31. Electro-medical and Electrotherapeutic Apparatus Market Other Major And Innovative Companies
32. Global Electro-medical and Electrotherapeutic Apparatus Market Competitive Benchmarking
33. Global Electro-medical and Electrotherapeutic Apparatus Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Electro-medical and Electrotherapeutic Apparatus Market
35. Electro-medical and Electrotherapeutic Apparatus Market Future Outlook and Potential Analysis
36. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
