Electromagnetic Therapy Device Market to Grow at 7.9% CAGR Through 2032
The Electromagnetic Therapy Device Market is experiencing robust growth, projected to increase from USD 451.6 million in 2023 to approximately USD 965.9 million by 2033, at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2033. This growth is driven by several factors, including advancements in technology, increasing clinical evidence supporting the efficacy of electromagnetic therapy, and rising consumer preference for non-invasive pain management solutions. Key growth factors include the increasing adoption of low-frequency electromagnetic therapy devices, which held a market share of over 62.5% in 2023 due to their perceived safety and effectiveness. Additionally, the pain management…
- Date: May 27, 2024
- Author: Robert Shaw
- Category: PharmiWeb