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TENS Machine Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

TENS Machine Manufacturing Market Research Report | Life Sciences | Medical Devices | May 2015

Rising tension: Decreased Medicare coverage has subdued industry growth

The TENS Machine Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Djo Global Djo Global market share
Industry Statistics & Market Size
Revenue
$516m
Annual Growth 10-15
1.2%
Annual Growth 15-20
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Profit
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Employment
1,878
Businesses
43
Industry Analysis & Industry Trends

This industry manufactures transcutaneous electrical nerve stimulation (TENS) devices. These machines provide electric currents to the nerves to stimulate them for therapeutic purposes, mainly for pain relief. Prior to 2012, industry firms enxperienced robust growth, as the expanding elderly population provided a growing market for industry devices. However, a 2012 Medicare decision to eliminate coverage of industry devices prescribed for chronic lower back pain dealt a severe blow to the industry. Going forward, the industry will likely suffer due to both the continued imposition of a 2.3% medical device excise tax and the industry's increased spending on wages, as companies scramble to create cutting-edge devices to compete with low-cost imports.... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

Over the 10 years to 2020, industry value added, which measures an industry's contribution to GDP, is expected to grow roughly in line with overall economic growth as measured by US gross domestic product (GDP). Industry value added is forecast to grow at an average annual rate of 2.4% over the 10-year period, compared with expected average GDP growth of 2.5%. Although these figures are roughly equal, the TENS Machine Manufacturing industry is growing slightly more slowly than the economy, indicating that this industry may be in a declining stage of its life cycle. Moreover, the majority of this 2.4% growth is driven by the period prior to the Medicare restrictions of 2012, and these years are not indicative of the majority of the ten-year period to 2020... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the TENS Machine Manufacturing Industry?

This industry manufactures transcutaneous electrical nerve stimulation (TENS) devices. These machines provide electric currents to the nerves to stimulate them for therapeutic purposes, mainly for pain relief.

Industry Products
EMS and TENS combination machinesHand-held TENS machinesMiniature TENS machinesAccessories and replacements
 
Industry Activities
TENS machineTENS replacement part and accessories


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