Global Electric Stimulation Devices Market, By Device (Spinal Cord Stimulation Devices, Deep Brain Stimulation Devices, Vagus Nerve Stimulation Devices, Sacral Nerve Stimulation Devices, Gastric Electric Stimulator Devices, Transcutaneous electrical nerve Stimulation Devices, Neuromuscular Electrical Stimulation Devices, Cranial Electrical Stimulation Device, Others), Application (Pain Management, Neurological and Movement Disorder Management, Musculoskeletal Disorder Management, Metabolism & GIT Management, Incontinence Management, Others), End-User (Hospitals, Specialty Clinics, Ambulatory Centres, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Electric Stimulation Devices Market
Electric stimulation devices market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 12345.98 million by 2028 and grow at a CAGR of 10.45% in the above-mentioned forecast period. Increasing incidences of spinal injuries and chronic diseases drives the electric stimulation devices market.
Electrical stimulators are defined as the minor electronic equipment which are worn by a patient and attached to the skin via electrodes externally. Electrical stimulators can be used for numerous purposes which includes, reducing acute post-operative pain and swelling, treating chronic intractable pain, maintaining muscle tone during reduced spasticity, temporary immobilization, helping patients of injured spinal cord to stand, walk and grasp independently.
Increase in the geriatric population associated with persistent pain is the vital factor escalating the market growth, also rise in the prevalence of sports injuries, rise in the chronic pain among the individuals and rise in the deskbound ways of life that lead to chronic health issues are the major factors among others driving the electric stimulation devices market. Moreover, rise in the technological advancements and modernization in the healthcare devices, rise in the research and development activities in the healthcare sector and rise in the emerging markets will further create new opportunities for electric stimulation devices market in the forecasted period of 2021-2028.
However, stringent regulation for device approval and availability of wide range of alternatives for electrical stimulation systems are the major factors among others which will obstruct the market growth, and will further challenge the growth of electric stimulation devices market in the forecast period mentioned above.
Electric stimulation devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on electric stimulation devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Electric Stimulation Devices Market Scope and Market Size
Electric stimulation devices market is segmented on the basis of device, application and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of device, electric stimulation devices market is segmented into spinal cord stimulation devices, deep brain stimulation devices, vagus nerve stimulation devices, sacral nerve stimulation devices, gastric electric stimulator devices, transcutaneous electrical nerve stimulation devices, neuromuscular electrical stimulation devices, cranial electrical stimulation device and others.
- Based on application, the electric stimulation devices market is segmented into pain management, neurological and movement disorder management, musculoskeletal disorder management, metabolism & git management, incontinence management and others.
- The electric stimulation devices market is also segmented on the basis of end-user into hospitals, specialty clinics, ambulatory centres and others.
Electric Stimulation Devices Market Country Level Analysis
Electric stimulation devices market is analysed and market size insights and trends are provided by country, device, application and end-user as referenced above.
The countries covered in the electric stimulation devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the electric stimulation devices market due to rise in the prevalence of chronic disorders, increase in chronic pain, rise in the prevalence of sports injuries and rise in the chronic pain among the individuals in this region.
The country section of the electric stimulation devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Electric stimulation devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for electric stimulation devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the electric stimulation devices market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Electric Stimulation Devices Market Share Analysis
Electric stimulation devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to electric stimulation devices market.
The major players covered in the electric stimulation devices market report are Medtronic, Asahi Kasei Corporation, Boston Scientific Corporation, Koninklijke Philips N.V., Zynex Medical, Abbott, NeuroMetrix, Inc., Cyberonics, Inc., BIOTRONIK, Inc., Defibtech, LLC. CU Medical System Inc., Beijing Pins Medical Co., Ltd, DJO Global, MicroPort Scientific Corporation, Aleva Neurotherapeutics SA., Bioinduction Ltd and Soterix Medical Inc. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.