Functional Electrical Stimulation Industry Creates Waves in Muscle Strengthening Therapies. Functional Electrical Stimulation Market to Develop at a CAGR of 4.1% from 2023 to 2033. Factors such as rising neurological illnesses, an aging population, and advancements in electrical stimulation technology drive growth in the functional electrical stimulation market.<\/h2>\n
NEWARK, Del, Oct. 24, 2023 (GLOBE NEWSWIRE) — The functional electrical stimulation market<\/a> is poised for significant growth, with the global market size projected to reach US$ 620.9 million<\/strong> by 2023. The functional electrical stimulation demand is expected to witness a significant CAGR of 4.1%<\/strong> from 2023 to 2033.<\/p>\n The functional electrical stimulation market is anticipated to reach a valuation of US$ 931.4 million<\/strong> by 2033.<\/p>\n The increasing incidence of neurological illnesses, the growing elderly population, and technical improvements in functional electrical stimulation are factors influencing the market\u00a0growth for functional electrical stimulation.<\/p>\n Determinants of Market Growth for Functional Electrical Stimulation<\/strong><\/p>\n Access our sample report now to glean invaluable insights from industry experts and refine your growth strategies: <\/strong>https:\/\/www.futuremarketinsights.com\/reports\/sample\/rep-gb-14217<\/a><\/p>\n Emerging Avenues in Functional Electrical Stimulation<\/strong><\/p>\n The functional electrical stimulation (FES) market is ripe with opportunities as technological advancements continue to enhance its applications across healthcare and rehabilitation. These devices offer non-invasive treatments that can enhance patient muscle strength and control.<\/p>\n The geriatric population and increasing awareness of functional electrical stimulation benefit fuel market growth further for functional electrical stimulation.<\/p>\n The ongoing research into expanding applications, such as pain management and rehabilitation, opens doors for innovation. Moreover, collaborations between medical device companies, healthcare institutions, and research organizations are essential to harness the opportunities and develop cutting-edge functional electrical stimulation solutions to enhance patient outcomes and quality of life.<\/p>\n Regional Outlook<\/strong><\/p>\n North America will dominate the global functional electrical stimulation market in 2023. The advent of a large senior population base, susceptible to chronic diseases and requiring frequent medical treatment, can be attributed to the growth. Technological developments and high discretionary income levels are likely to stimulate demand.<\/p>\n Asia Pacific\u2019s functional electrical stimulation industry is projected to experience profitable growth over the forecast period as a result of:<\/p>\n The leading functional electrical stimulation manufacturers’ escalating investments in innovative goods can contribute to functional electrical stimulation demand growth during the forecast period.<\/p>\n Key Takeaways\u00a0<\/strong><\/p>\n “Functional Electrical Stimulation (FES) is a therapeutic technique that employs electrical currents to stimulate specific muscles or nerves in the body, helping individuals with neurological impairments regain functional movement. It is often used in rehabilitation and assistive devices to improve muscle strength and control, offering a promising avenue for enhancing the quality of life for those with spinal cord injuries or stroke-related disabilities.” <\/em><\/strong>says <\/strong>Sabyasachi Ghosh<\/a>, Associate Vice President at Future Market Insights (FMI) analyst.<\/p>\n Gain an edge with comprehensive insights into the Functional Electrical Stimulation Market. Buy now for exclusive access: <\/strong>https:\/\/www.futuremarketinsights.com\/checkout\/14217<\/a><\/p>\n Competitive Landscape<\/strong><\/p>\n The electrical stimulation devices market is fairly competitive, with some vital competitors. Regarding market share, the market is presently dominated by some key competitors. Some leading functional electrical stimulation\u00a0manufacturers\u00a0are investing significantly and introducing new goods with other organizations\u00a0to strengthen their worldwide market positions.<\/p>\n Top 10 Key Players in the<\/strong> Functional Electrical Stimulation Market<\/strong><\/p>\n Recent Breakthroughs<\/strong><\/p>\n Access the Complete Report Methodology Now! <\/strong>https:\/\/www.futuremarketinsights.com\/request-report-methodology\/rep-gb-14217<\/a><\/p>\n Key Segmentation<\/strong><\/p>\n By Product Type:<\/strong><\/p>\n By Indication:<\/strong><\/p>\n By End User:<\/strong><\/p>\n By Region:<\/strong><\/p>\n Author By:<\/strong><\/p>\n Sabyasachi Ghosh<\/a> (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.<\/p>\n Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.<\/p>\n Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.<\/p>\n Explore wide-ranging Coverage of FMI’s\u00a0Healthcare Market\u00a0Insights Landscape<\/strong><\/p>\n About Future Market Insights (FMI) <\/strong><\/p>\n Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.<\/p>\n Contact Us:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/p>\n Nandini Singh Sawlani<\/u><\/a>\u00a0\u00a0\u00a0<\/strong><\/p>\n Future Market Insights Inc. \n
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