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 enjoyed robust growth, as the expanding elderly population (who use TENS machines for chronic pain management) 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%.... purchase to read more
Industry Report - Industry Products Chapter
EMS and TENS combination machines
Combination machines have electro muscle stimulation (EMS) capabilities in addition to traditional TENS capabilities. EMS machines are typically used to soothe pain by relaxing the targeted muscles while TENS machines help to block nerve responses to pain. IBISWorld estimates that combination devices account for 42.0% of industry revenue. Over the five years to 2014, combination machines have lost popularity to more compact options, largely because of price and convenience.
Hand-held TENS machines
Hand-held TENS machines account for an estimated 32.5% of industry revenue and have gained market presence over the past five years... purchase to read more