Market Overview:
The global electric stimulation devices market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of neurological and chronic diseases, rising geriatric population, and technological advancements in electric stimulation devices. Based on type, the global electric stimulation devices market is segmented into deep brain stimulation (DBS) devices, sacral nerve stimulation (SNS) devices, gastric electrical stimulations (GES)devices, and other types of electric stimulationsdevices.
Product Definition:
Electric stimulation devices are used to stimulate nerves and muscles. This can be done for a number of reasons, including to help with pain relief, to improve muscle function, or to help with nerve function.
Deep Brain Stimulation Devices:
Deep brain stimulation is a surgical procedure that involves the implantation of an electrode into the dura mater, which is located just below the skull. The electrode is then connected to an external device that sends signals to initiate and stop electrical activity in targeted brain areas. This process aims at reducing or eliminating symptoms such as severe muscle spasms, chronic pain, and other neurological disorders by delivering precise nerve impulses.
The global deep brain stimulation devices market size was valued at USD 1.
Sacral Nerve Stimulation Devices:
Sacral nerve stimulation devices are used in electric stimulation devices market for the treatment of chronic pain. It is a minimally invasive procedure that involves sending a weak electrical current to the sacral nerves, which causes temporary relief from lower back and pelvic pain.
Application Insights:
The hospital segment dominated the global electric stimulation devices market in 2017 and is expected to maintain its lead over the forecast period. This can be attributed to an increase in patient admissions for chronic diseases, such as diabetes, heart conditions, respiratory disorders and cancer. As per the WHO Global Health Database (2017), around 9 out of 10 deaths occur in hospitals or health care centers worldwide. Thus, increasing number of patients suffering from chronic diseases at a global level is expected to boost demand for ESDs over the forecast period.
Electrical deep brain stimulation has been used effectively for treatment of Parkinson¢â‚¬â„¢s disease since 2014 due largely to technological advancements that have made it possible for safe and effective deep brain stimulation without surgery using electrodes implanted within the patient¢â‚¬â„¢s brain tissue itself.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of patients suffering from chronic pain and other neurological disorders. Moreover, increasing government funding for research & development activities is also expected to drive this regional market over the forecast period. For instance, in 2015, Parkinson’s Foundation received funding worth USD X million from The Michael J. Fox Foundation for Parkinson's Research to support research on DBS treatments for PD.
In Asia Pacific, demand is expected to grow at a lucrative rate during the forecast period due to rising disposable income and growing awareness about electric stimulation devices among physicians & surgeons as well as patients suffering from neuropathic pain or urinary incontinence or other sexual dysfunction problems caused by spinal cord injury or multiple sclerosis (MS). In addition, supportive government initiatives are anticipated propel growth during the same period.
Growth Factors:
- Increasing demand for electric stimulation devices from the geriatric population for treatment of various chronic diseases.
- Rising prevalence of neurological disorders such as Alzheimer's disease, Parkinson's disease, and stroke that can be treated with electric stimulation devices.
- Growing popularity of non-invasive treatments for chronic pain and other medical conditions.
- Technological advancements in electric stimulation devices that offer enhanced features and benefits over traditional devices.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Stimulation Devices Market Research Report
By Type
Deep Brain Stimulation Devices, Sacral Nerve Stimulation Devices, Gastric Electrical Stimulation Devices, Other
By Application
Hospital, Clinc, Other
By Companies
DJO Global, Boston Scientific, Medtronic, Nervo, Abbott, Cogentix Medical, BTL Industries, Zynex
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Electric Stimulation Devices Market Report Segments:
The global Electric Stimulation Devices market is segmented on the basis of:
Types
Deep Brain Stimulation Devices, Sacral Nerve Stimulation Devices, Gastric Electrical Stimulation Devices, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinc, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DJO Global
- Boston Scientific
- Medtronic
- Nervo
- Abbott
- Cogentix Medical
- BTL Industries
- Zynex
Highlights of The Electric Stimulation Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Deep Brain Stimulation Devices
- Sacral Nerve Stimulation Devices
- Gastric Electrical Stimulation Devices
- Other
- By Application:
- Hospital
- Clinc
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Stimulation Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric stimulation devices are medical devices that use electric currents to stimulate the body. They can be used to treat a variety of conditions, including pain, depression, and anxiety.
Some of the major companies in the electric stimulation devices market are DJO Global, Boston Scientific, Medtronic, Nervo, Abbott, Cogentix Medical, BTL Industries, Zynex.
The electric stimulation devices market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Stimulation Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Stimulation Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Stimulation Devices Market - Supply Chain
4.5. Global Electric Stimulation Devices Market Forecast
4.5.1. Electric Stimulation Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Stimulation Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Stimulation Devices Market Absolute $ Opportunity
5. Global Electric Stimulation Devices Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Stimulation Devices Market Size and Volume Forecast by Type
5.3.1. Deep Brain Stimulation Devices
5.3.2. Sacral Nerve Stimulation Devices
5.3.3. Gastric Electrical Stimulation Devices
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Stimulation Devices Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Stimulation Devices Market Size and Volume Forecast by Application
6.3.1. Hospital
6.3.2. Clinc
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Stimulation Devices Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Stimulation Devices Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Stimulation Devices Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Stimulation Devices Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Stimulation Devices Demand Share Forecast, 2019-2026
9. North America Electric Stimulation Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Stimulation Devices Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Stimulation Devices Market Size and Volume Forecast by Application
9.4.1. Hospital
9.4.2. Clinc
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Stimulation Devices Market Size and Volume Forecast by Type
9.7.1. Deep Brain Stimulation Devices
9.7.2. Sacral Nerve Stimulation Devices
9.7.3. Gastric Electrical Stimulation Devices
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Stimulation Devices Demand Share Forecast, 2019-2026
10. Latin America Electric Stimulation Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Stimulation Devices Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Stimulation Devices Market Size and Volume Forecast by Application
10.4.1. Hospital
10.4.2. Clinc
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Stimulation Devices Market Size and Volume Forecast by Type
10.7.1. Deep Brain Stimulation Devices
10.7.2. Sacral Nerve Stimulation Devices
10.7.3. Gastric Electrical Stimulation Devices
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Stimulation Devices Demand Share Forecast, 2019-2026
11. Europe Electric Stimulation Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Stimulation Devices Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Stimulation Devices Market Size and Volume Forecast by Application
11.4.1. Hospital
11.4.2. Clinc
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Stimulation Devices Market Size and Volume Forecast by Type
11.7.1. Deep Brain Stimulation Devices
11.7.2. Sacral Nerve Stimulation Devices
11.7.3. Gastric Electrical Stimulation Devices
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Stimulation Devices Demand Share, 2019-2026
12. Asia Pacific Electric Stimulation Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Stimulation Devices Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Stimulation Devices Market Size and Volume Forecast by Application
12.4.1. Hospital
12.4.2. Clinc
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Stimulation Devices Market Size and Volume Forecast by Type
12.7.1. Deep Brain Stimulation Devices
12.7.2. Sacral Nerve Stimulation Devices
12.7.3. Gastric Electrical Stimulation Devices
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Stimulation Devices Demand Share, 2019-2026
13. Middle East & Africa Electric Stimulation Devices Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Stimulation Devices Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Stimulation Devices Market Size and Volume Forecast by Application
13.4.1. Hospital
13.4.2. Clinc
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Stimulation Devices Market Size and Volume Forecast by Type
13.7.1. Deep Brain Stimulation Devices
13.7.2. Sacral Nerve Stimulation Devices
13.7.3. Gastric Electrical Stimulation Devices
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Stimulation Devices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Stimulation Devices Market: Market Share Analysis
14.2. Electric Stimulation Devices Distributors and Customers
14.3. Electric Stimulation Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. DJO Global
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Boston Scientific
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Medtronic
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nervo
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Abbott
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Cogentix Medical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. BTL Industries
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Zynex
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook