250 page market research report by Fact.MR, on Complementary Therapy Devices Market Sales projects the global revenues during 2018 to 2028.
The Complementary Therapy Devices Industry Sales study offers a comprehensive analysis on diverse features including production capacities, Complementary Therapy Devices demand, product developments, revenue generation and Complementary Therapy Devices Market Outlook across the globe.
Market Overview
Complementary therapy is widely known by multiple terms, which include alternative medicine, alternative therapy, traditional medicine, and holistic therapy. Under the umbrella term ‘complementary therapy’, a wide range of treatments exist and are being widely sought after for relief from regular body exhaustion.
The rising vigor of complementary therapies is triggering substantial research and development, which is further reinvigorating their demand trajectory by a considerable margin.
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Massive transition toward non-invasive as well as cost-effective procedures have further triggered adoption of complementary therapy. Issues concerned with safety of complementary medicines is another factor denting consumer confidence, which might pose potential barriers for growth of complementary therapy market.
Paradigm shift toward cognitive well-being is another key aspect fostering use of complementary therapy. Desire for self-medication is also an overarching trend pushing adoption of complementary therapy.
Further, the Complementary Therapy Devices market Survey report emphasizes the adoption pattern And Demand of Complementary Therapy Devices across various industries.
This Complementary Therapy Devices market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Complementary Therapy Devices along with key stakeholders as well as emerging players associated with the manufacturing of product.
The Key trends Analysis of Complementary Therapy Devices Market also provides dynamics that are responsible for influencing the future Sales and Demand of over the forecast period.
The Sales study on the Complementary Therapy Devices Market offers a scrutiny of the demand and consumption volumes, factors affecting these, and share and size of the various end-use segments :-
Complementary therapy devices market is segmented into:
By Equipment Type
- Acupuncture pressure point equipment,
- Battery powered, externally applied, devices claiming to purify blood or remove intestinal parasites
- Bioelectric magnetic therapy equipment
- Electrodermal screening equipment,
- Electromagnetic field therapy equipment
- Magnetic water therapy equipment,
- Massage devices for weight loss and cellulite reduction
- Others
By Disease Indication
- Arthritis
- Joint and muscle pain
- Fatigue
- Sleep disorders
- Diabetes
- Stroke recovery
- Stress relief
- Cancer
- Others
By End User
- Therapy Clinics
- Cancer and Radiation Therapy Centers
- Home Care
- Others
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The Complementary Therapy Devices Demand study has identified the segments that are expected to contribute major shares to the revenues during this period.
The market Outlook report provides insights into various aspects and growth of Complementary Therapy Devices Industry. Some of the dynamics on which the study focuses are:
- Complementary Therapy Devices Market Key drivers, restraints, and current size.
- Complementary Therapy Devices Market sales Revenue potential of various application areas.
- Key focus of Key players for investments.
- Most prominent avenues for Complementary Therapy Devices market growth
- Detailed segmentation based on various parameters
- Strategic landscape
- Region-wise assessment
- Regions that are outliers to the general growth & trends
Unparalleled easy-to-access health information, which also includes health info available on internet, has created favorable circumstances for adoption of complementary therapy.
Dissatisfaction associated with conventional medicines is another key factor bolstering adoption of complementary therapy. Rising evidences of successful post-effects related to complementary therapy is set to elevate consumer confidence by a considerable margin.
Devices that are utilized to provide comfort and relax to people are termed as complementary therapy devices. Usage of these devices are extensive currently since, most of people suffers from pain, discomfort and stress and these devices help relieve patients from aforementioned conditions.
With the increasing popularity for health, beauty and relaxation across the globe, demand for complementary therapy product is growing at a significant CAGR during forecast period.
Competitive Assessment:-
The Demand study on the Complementary Therapy Devices market provides a comprehensive analysis that shape the competitive landscape & Sales Revenues.
Major players operating in this market include Cardinal Health Inc., Tim Smith and Avazzia Inc., PEMF Supply, Guangzhou OSANO Beauty Equipment Factory, Covidien Public Limited Company, Milta Moyen Orient Modern Medecine Technologies, Kimberly-Clark Health Care, Medtronic, Inc., OMRON Corporation, BREG Inc., and Helen of Troy Limited among other significant players.
Regional Segments Analyzed Include
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, N. Africa)
Depending on geographic region, the complementary therapy devices market is segmented into seven key regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific (APAC), Japan and Middle East & Africa (MEA).
North America and Europe account for the largest share of total market in terms of revenue owing to the domicile of major manufacturer in the region. Presence of large number of elderly people in these region also help grow this market.
Asia Pacific is expected to grow at the fastest CAGR because of increasing prevalence of different types of cancers in the region. In addition, launch of technologically advanced complementary therapy devices and energy based equipment in the region also helped gain the largest share. High disposable income in the regions, increases the affordability for these expensive product by population also elevate the sale of these devices in the regions.
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Complementary therapy devices are utilized with a group of therapeutic and diagnostic disciplines that are applied together with conventional medicines. For e.g. acupuncture pressure point equipment, battery powered, externally applied,
devices claiming to purify blood or remove, intestinal parasites, bioelectric magnetic therapy equipment, crystals and crystal therapy devices claiming to harness or emit energy for therapeutic benefits, electrodermal screening equipment,
electromagnetic field therapy equipment, external nerve stimulators for weight reduction, magnetic water therapy equipment, massage devices for weight loss and cellulite reduction and other complementary therapy devices.
Complimentary therapy products are meant to address energetic elements that aid the body’s natural healing abilities, and help to restore and maintain energetic balance, offers low risk, general wellness products that promote a healthy lifestyle, help to maintain or encourage good health, or reduce the impact or risk of some chronic diseases and conditions.
Complementary therapies is a type of complementary and alternative medicine (CAM), and it can be segment into: treatments delivered by complementary therapists (e.g. acupuncture, acupressure, osteopathy and chiropractic) therapies that use ‘medical devices’ (e.g. magnets or copper bracelets).
Adoption rate for massage among population for relieving discomfort and pain is increasing that in turn augmenting the growth of complementary therapy devices market.
Complementary therapy sensory devices and light emitting devices for facial and skin care are efficient in providing therapeutic benefits to the patients and their increasing demand is expected to propel the overall growth of this market tremendously. Complementary therapy sensory devices are non-prescription based devices that are meant for complementary use to stimulate senses in patients.
Interested stakeholders and participants should access the report to get a wide range of information. Some of the important ones are:
- Which regional markets are expected to be likely outlier to the common trends?
- Which countries in key regional markets will contribute sizable shares?
- The demand among which end users will witness highest rise?
- What are COVID-19 implication on Sales of Complementary Therapy Devices market and learn how businesses can respond, manage and mitigate the risks?
- What are some of the regulations that might change the course of Complementary Therapy Devices growth of market?
- Which end-use segment is expected to generate the major share of global Sales revenues in Complementary Therapy Devices market?
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