The Latin American Muscle Stimulation Devices Market size was valued at USD 37.99 Million in 2023 and is estimated to reach USD 53.29 Million by 2028, predicted to be growing at a steady CAGR of 7% between 2023 to 2028.
The rising incidence of head and spinal cord injuries in Latin American countries is a significant factor to flourish the market demand. The increasing need to develop fitness and training procedures for athletes and fitness freaks as they use electric muscle stimulators is another significant factor impelling market growth. The market is receiving a further boost from factors such as rising older people, technological advancements, and increasing incidence of chronic diseases that are driving the market growth. The growing importance of pain management therapies in sports medicine is significantly influencing market demand. Gaining popularity of these devices among physiotherapists and rising incidences of musculoskeletal disorders are enhancing the growth rate.
In gyms and homecare settings, muscle stimulation devices are used to escalate the exercise programs, and also, professional sportspersons use these devices during warm-up sessions. This attribute is additionally escalating the growth rate of the market.
The shortage of skilled technicians and lack of standardization are limiting the market growth. People having less knowledge about the electrotherapy methods are restraining the muscle stimulation devices market growth. Strict government rules for the approval of launching new products and the expensive nature of the muscle stimulation devices impede market demand.
This research report on the Latin America Muscle Stimulation Devices Market has been segmented and sub-segmented into the following categories:
By Product Type:
By End User:
Among different Latin American nations, the Mexican market is playing a leading role in this regional market. Growing alertness in people and increasing Parkinson’s disease cases in the country are expanding the market. Increasing government support in developing healthcare infrastructure and increasing demand for non-invasive technology devices escalates the market demand. The growing need for innovative and efficient therapies is mounting market growth. Brazil is accounted to have rapid growth in the muscle stimulator devices market. The key players are focusing on accepting regular approvals on launching new products is likely to bolster market growth. Argentina, Chile, Peru, and the rest of Latin America have a substantial increase in the muscle stimulation devices market.
Noteworthy Companies dominating the Latin America Muscle Stimulation Devices Market Profiled in the Report are DJO Global, Inc., Zynex, Inc., NeuroMetrix, Inc., RS Medical, Inc., and Omron Corp.
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