Industry Analysis & Industry Trends
Manufacturers of transcutaneous electrical nerve stimulation (TENS) devices, which provide electric currents to the nerves to stimulate them for therapeutic purposes, have experienced a significant threat to revenue growth during the past five years. A 2012 Medicare decision to eliminate coverage of industry devices prescribed for chronic lower back pain dealt a severe blow to the industry, which relies on Medicare for a significant portion of its funding. As a result of this change, industry growth slowed considerably and is expected to remain subdued during the next five years. Average industry profit margins have fallen slightly during the five years to 2016, as companies have struggled to adjust to the changes in Medicare coverage and the imposition of a 2.3%.... purchase to read more
Industry Report - Industry Locations Chapter
TENS machine manufacturers are located throughout the country, but are mainly concentrated in states with high-tech industries, including microelectronics and biotechnology. Locations that are close to complementary industries, customers, suppliers and highly skilled labor are also more likely to be home to TENS machine manufacturers.
This industry is concentrated in the West, following the distribution in the larger Medical Device Manufacturing industry (IBISWorld report 33451b). This region accounts for 26.2% of total industry revenue. Within this region, much industry activity is located in California; this state alone generates 20.7% of total industry revenue... purchase to read more