Global Electrotherapy System Research Report 2024: A $1.65 Billion Market by 2030 - TENS Segment Dominates as Demand for Chronic Pain Management Grows [Yahoo! Finance]
Abbott Laboratories (ABT)
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Source: Yahoo! Finance
The global electrotherapy system market was valued at US$ 1.15 billion in 2023, and the market is poised to reach US$ 1.65 billion by 2030 Continuous technological advancements have led to the development of more sophisticated and user-friendly electrotherapy devices. These innovations make electrotherapy systems more accessible to both healthcare providers and patients, which helps in market expansion. For instance, in March 2023, BTL Medical, a leading provider of electrotherapy devices, announced the launch of its new Tens 9000 device. The Tens 9000 is a portable, wireless TENS device that offers a variety of treatment modes and intensities. The market is primarily driven by hospitals and clinics, which prefer electrotherapy systems for chronic disorder treatment. Rehabilitation centers also hold a significant market share, offering a less stressful environment for recovery. The demand in long-term care centers is expected to rise, particularly as the global population ages an
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ABT
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- 7/18/24 - Beat
ABT
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- 9/4/24 - Form 4
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