Electrical Stimulation Devices Market (Covid-19) Impact and Analysis by 2027 | Boston Scientific Corporation; Medtronic; Abbott; BTL; DJO Global; Ava Science; NEVROCORP.; Zynex Medical; Laborie; LivaNova and Neuro Metri are among others

The Insight Partners analysts forecasts the latest report on “Electrical Stimulation Devices Market (Covid-19) Impact and Analysis by 2027”, according to report; The Electrical Stimulation Devices Market report covers the overall and all-inclusive analysis of Market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the Electrical Stimulation Devices Market.

The study provides details such as the market share, Market Insights, Strategic Insights, Segmentation and key players in the Electrical Stimulation Devices Market.

Download Sample Report of Electrical Stimulation Devices Market Report @ https://www.theinsightpartners.com/sample/TIPRE00003313/?openpr-10225

(*If you have any special requirements, please let us know and we will offer you the report as you want.)

The electrical stimulation devices market was valued at US$ 5,643.7million in 2019 and is projected to reach US$ 11,334.0 million by 2027; it isexpected to grow at a CAGR of 9.3% during 2020–2027.

Some of the Major Market Players Are:

Boston Scientific Corporation
Medtronic
Abbott
BTL
DJOGlobal, Inc.
AvaScience Inc.
NEVROCORP.
ZynexMedicalLaborie, Inc.
LivaNovaPLC
NeuroMetri

Market Insights

Increasing Prevalence of Chronic Pain

Chronic pain is one of the major problems listed by healthcare systems. Acute pains can be treated over time with the help of various therapeutic solutions; however, chronic pain leads to prolonged condition of abnormality. Furthermore, this type of pain adversely affects the social and economic aspects of people’s lives. Chronic pain conditions mainly include the pain of back, knees, and arms, as well as other musculoskeletal conditions.

The considerably growing prevalence of chronic pain is projected to drive the growth of the electrical stimulation devices market during the forecast period.According to a study published by the NCBI in 2016, extensively increasing prevalence of chronic pain and associated conditions are the leading cause of disability worldwide. Moreover, according to another study published by NCBI in 2019, 30.0% of the population suffers from some form of chronic pain. Factors such as genetic conditions, sedentary lifestyle, aging, mental stress, and surgical interventions are among of the prominent causes of chronic pain. In addition, according to a study published by American Chiropractic Association in 2020, ~31 million Americans suffer from lower back pain at some point of time in their lives, which is majorly related to sedentary lifestyle.
With the advent of advanced technologies, the new devices are capable of reducing pain to considerable extent. For instance, Spectra Wave Writer Spinal Cord Simulator System launched by Boston Scientific Corporations capable of providing great relief to chronic pain. In addition, the devices enable the customization of therapy and real-time monitoring of therapy. These benefits of electrical stimulation devices, coupled with increasing prevalence of chronic pain, drives the growth of the electrical stimulation devices market.

Device Type Insights

Based on device type, the electrical stimulation devices market is segmented into spinal cord stimulation devices, deep brain stimulation devices, VNS devices, SNS devices, GES devices, TENS devices, andNMES/EMS devices. The spinal cord stimulation devices segment held the largest share of the market in 2019; whereas the sacral nerve stimulation (SNS) devices segment is anticipated to register the highest CAGR in the market during the forecast period.
Application Insights

Based on application, the electrical stimulation devices market has been segmented into pain management, neurological and movement disorders management, musculoskeletal disorder management, metabolism and GIT management, incontinence management, and other applications. The pain management segment held the largest share of the market in 2019 and is estimated to register the highest CAGR in the market during the forecast period.

Strategic Insights

Product launches and approval strategies are commonly adopted by companies to meet the growing demand, thereby expanding their footprint and product portfolio reach worldwide.
The electrical stimulation devices market players adopt the strategy of expansion to enlarge customer base worldwide, which also permits them to maintain their brand name globally. For instance, in January 2019, Boston Scientific Corporation launched Vercise Primary Cell (PC) and Vercise Gevia Deep Brain Stimulation (DBS) Systems featuring the Vercise Cartesia DirectionalLead.

Global Electrical Stimulation Devices Market – ByDevice Type

• Spinal Cord Stimulation Devices
• Deep Brain Stimulation Devices
• Vagus Nerve Stimulation (VNS) Devices
• Sacral Nerve Stimulation (SNS) Devices
• Gastric Electrical Stimulation (GES) Devices
• Transcutaneous Electrical Nerve Stimulation(TENS) Devices
• Other Electrical Stimulation Devices
Global Electrical Stimulation Devices Market – By Application
• Pain Management
• Neurological and Movement Disorder Management
• Musculoskeletal Disorder Management
• Metabolism and GIT Management
• Incontinence Management
• Other Applications

The report analyses factors affecting the Electrical Stimulation Devices Market from further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Electrical Stimulation Devices Market in these regions.

Moreover, the report entails the estimate and analysis for the Electrical Stimulation Devices Market on a global as well as regional level. The study provides historical data as well as the trending features and future predictions of the market growth. Further, the report encompasses drivers and restraints for the Electrical Stimulation Devices Market growth along with its impact on the overall market development. In addition, the report provides an analysis of the accessible avenues in the market on a global level.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Electrical Stimulation Devices Market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The Electrical Stimulation Devices Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Promising Regions & Countries Mentioned in The Electrical Stimulation Devices Market Report:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Major Features of Electrical Stimulation Devices Market Report:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Electrical Stimulation Devices market
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Electrical Stimulation Devices market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

Purchase a copy of Electrical Stimulation Devices Market research report @ https://www.theinsightpartners.com/buy/TIPRE00003313/?openpr-10225

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Life Science, Technology, Healthcare, Manufacturing, Automotive and Defense, Food Beverages, Chemical etc.

This release was published on openPR.