The global electrotherapy system market is estimated to be valued at US$ 5,625.9 million in 2023 and is expected to exhibit a CAGR of 7.9% during the forecast period (2023-2030). For instance, key players operating in the market are focused on launching new products in the market, which is expected to drive the market growth over the forecast period. For instance, in April 2020, Omron Healthcare, Inc., a medical device company, announced the launch of the Focus TENS Therapy for Knee, a wearable device with transcutaneous electrical nerve stimulation technology, indicated for chronic, arthritic and acute pain associated with exercise strain or daily activity.
Report Coverage | Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 5,625.9 Mn |
Historical Data for: | 2017 to 2022 | Forecast Period: | 2023 to 2030 |
Forecast Period 2023 to 2030 CAGR: | 7.9% | 2030 Value Projection: | US$ 9,603.4 Mn |
Figure 1. Global Electrotherapy System Market Share (%), by Technology, 2023
Electrotherapy System Market Report Snapshots
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