The Gastric Electric Stimulators Market to Get Digitally Distilled

Gastric Electric Stimulators Market 2022-2027

The Gastric Electric Stimulators Market is slated to grow unstoppably in the years to come. The healthcare providers are, of late, making way for more specialized and timely treatment through same-day surgeries, outpatient surgeries, and likewise. ASCs (Ambulatory Surgical Centers) are preferred over conventional hospital settings. As such, cost-effective medical services could be provided. This type of customization is expected to take the healthcare vertical by storm in the future.

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The global adoption of gastric electric stimulators is projected to witness a surge in demand in 2019, representing a robust year-on-year growth of 6.6 percent, reach a valuation of approximately US$ 188.4 Million, during the same period. Persistence Market Research (PMR) has studied the global gastric electric stimulators market for a period of 8 years, 2018-2027, offering critical insights into demand-driving factors, shaping the adoption trajectory. The demand for gastric electric stimulators is likely to be driven by a host of pacesetters, including increasing minimally invasive procedures, rising reported cases of Gastroparesis, and favorable reimbursement schemes. Growing prevalence of Gastroparesis-a condition characterized by severity of nausea and vomiting and composite quality-of-life (QOL)-has been identified as the most critical demand generating factor, further making gastric electric stimulators the most preferred treatment alternative for such difficult-to-treat diseases.

Key Players:

The report has profiled some of the important players prevalent in the global like - Medtronic Plc., ReShape Lifesciences, Inc., IntraPace Inc., and Changzhou Ruishen Medical Equipment Co., Ltd and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Gastric Electric Stimulators Market.                 

"Enterra system, the most principal medical device used for treating Gastroparesis, globally, is approved by the FDA as a humanitarian use device, considering its applicability is treating or diagnosing a disease or condition affecting less than 4000 individuals a year in the United States. Moreover, the American College of Gastroenterology (ACG), although conditionally, recommends the use of gastric electric stimulators for patients with chronic, intractable nausea and vomiting due to Gastroparesis. The gastric electric stimulators, such as Enterra, is a battery-operated gastric neurostimulator, which is normally implanted under the skin in the lower abdomen region", Senior Analyst, PMR

Considering the rareness of Gastroparesis combined with increasing prevalence of gastric-related conditions, investments in research and clinical studies have substantially increased in the recent years. Studies indicate that gastric electric stimulators have the ability to normalize symptoms, such as BMI, oral nutritional intake, and gastric emptying rates. Moreover, considered as an effective alternative to gastrectomy in patients with end-stage gastric dysfunction, demand for gastric electric stimulators is anticipated to increase 1.6x, through 2026.

High-Frequency Gastric Electric Stimulators Gain Prominence  

According to the report, high-frequency gastric electric stimulators is gaining immense traction as one of the highly effective product type, versus low-frequency gastric electric stimulators. Apart from being less invasive and more patient-friendly in terms of insertion, high-frequency gastric electric stimulators are known to have a relatively longer battery life compared to low-frequency gastric electric stimulators. In addition, gastric electrical stimulation with high-frequency significantly improved the severity of nausea and vomiting combined with enhanced propagation velocity and slow wave amplitude. As per the report, high-frequency gastric electric stimulators with approximately 77 percent market share, is expected to ameliorate the treatment landscape for Gastroparetic patients.

"Although gastric electrical stimulation is the most viable treatment for chronic drug-refractory nausea and vomiting secondary to Gastroparesis of idiopathic or diabetic etiology, risks associated with Enterra Therapy remain exceptionally high, thereby limiting its adoption. Infection, bleeding, pain at the implant site, lead penetration, gastric and bowel perforation, and inflammation are some critical risks that often result in additional surgeries and unpleasant patient experience", Senior Analyst, PMR

In the wheel of fortune analysis of various segments, PMR placed different segments including product type, end-user, indication, and region in various growth quadrants. While high frequency gastric electric stimulators is placed in the mature phase quadrant, low-frequency gastric electric stimulators are anticipated to showcase high CAGR, in the coming years. Since, the implantation of gastric electric stimulators requires precision, only hospitals having institutional review board's approval can use such stimulators on Gastroparetic patients. In terms of end-user, hospitals are projected to hold approximately 75 percent of the total market share. On the basis of indication, obesity, after Gastroparesis is expected to be the second most lucrative segment in the global gastric electric stimulators market during the forecast period.

Regionally, North America retains its lead as the largest and most lucrative gastric electric stimulators market, with nearly 57 percent market share anticipated by the end of 2018. Growing investments in R&D activities, on-going innovations, and presence of key companies are some major factors creating attractive opportunities in the gastric electric stimulators market, across North America.

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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders 
Gastric Electric Stimulators Market Manufacturers 
Gastric Electric Stimulators Market Distributors/Traders/Wholesalers 
Gastric Electric Stimulators Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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Key Questions Answered in the Gastric Electric Stimulators Market Report

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Which are the emerging countries that are expected to create significant growth opportunities in the Gastric Electric Stimulators Market?  

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