Global Muscle Stimulator Market to Rise at 6.1% CAGR through 2023, Expects MRFR in Its In-Demand Report Available at MarketPublishers.com21 Dec 2017 • by Natalie Aster
LONDON – The worldwide muscle stimulator market is forecast to rise at a 6.1% CAGR over 2017-2023 and amount to the value of USD 768.3 million by 2023.
On the basis of products, the muscle simulator market is dominated by the transcutaneous electrical nerve stimulator sector, that commanded a share of 34% in the year 2016 and is predicted to grow at a 6.6% CAGR through to 2023 to reach USD 174.4 million.
Amid all applications, the pain management sector accounts for the lion’s share of the overall market; in 2016, the sector’s share was estimated at 46.6%. The pain management sector of the muscle stimulators market is anticipated to increase at a 6.4% CAGR between 2017 and 2023 to reach the value of USD 366.2 million.
Regionally, the leading position is held by the North American muscle stimulators market, which grabbed a 41.6% share of the global market in 2016. The US and Canada are the key contributors to the growth of this regional market. Meantime, APAC is the most rapidly growing market for muscle stimulators worldwide, it is set to gain momentum at a 6.6% CAGR through 2023.
The in-demand topical report “Global Muscle Stimulators Market Analysis & Forecast 2016 To 2023” worked out by Market Research Future (MRFR) presents a clear understanding of the current landscape and dynamics of the global muscle stimulators market. It covers the actual market scenario globally and across the major regions. This publication includes a detailed analysis of the market segments with vital details on their shares and growth rates, highlights the key factors influencing the market growth, points out the emerging growth challenges and opportunities, talks about the prevailing trends and hottest issues. Besides, this report examines the competitive scene, profiles the prominent market participants, uncovers updates statistics, includes future forecasts through to 2023 and also provides valuable strategic recommendations.
A full list of the publisher’s research reports is provided in the MRFR online catalogue at MarketPublishers.com.