Electrical Stimulation Devices (Esds) Market : New Tech Developments And Advancements To Watch Out For 2023!!

The rise in the incidence of spinal injuries and low back pain, as well as their increasing usage in sports medicines, has boosted the demand for electrical stimulation devices (ESDs) substantially across the world in the recent times. The growing prevalence of chronic conditions such as diabetes and obesity has also fueled their demand considerably and is likely to continue to do so over the years to come.

According to TMR, the opportunity in the global ESDs market was worth US$3.8 bn in 2014. Rising at a CAGR of 6.0% during the period from 2015 to 2023, it is estimated to reach US$6.5 bn by 2023.

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The global electrical stimulation devices market has been segmented based on various device type and application. The electrical stimulation devices market has been categorized into major device types that are used as external or implantable stimulators such as spinal cord stimulation (SCS) devices, deep brain stimulation (DBS) devices, vagus nerve stimulation (VNS) devices, sacral nerve stimulation (SNS) devices, gastric electric stimulation (GES) devices, transcutaneous electrical nerve stimulation (TENS) devices, neuromuscular electrical stimulation (NMES/EMS) devices, and other electrical stimulation devices (electrotherapy devices, combination devices, TNS, TMS, etc.). Based on application, the market has been segmented into pain management, neurological and movement disorder management, musculoskeletal disorders management, metabolism & GIT management (stomach, intestine, pancreas, digestion, blood pressure, nausea, vomiting, gastroparesis, etc.), incontinence management (fecal incontinence, urinary incontinence, urinary retention), and others (aesthetics, training, cosmetics, etc.). The market size for the period from 2013 to 2023 has been provided for each of the device type and applications mentioned above in terms of USD million. Along with the market size that were projected considering 2014 as the base year and 2013 as the historical year, the CAGR (%) of each market segment for the forecast period from 2015 to 2023 has also been provided.

Geographically, the electrical stimulation devices market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East & North Africa and Rest of the World. North America has been further segmented into the U.S. and Canada; Europe into Germany, France, the U.K. and Rest of Europe; Asia Pacific into China, Japan, India and Rest of Asia Pacific; Latin America into Brazil and Rest of Latin America; and Middle East & Africa (MEA) into South Africa and Rest of MEA. The market revenue of electrical stimulation devices for each geographical region for 2014 and 2023 along with forecast from 2015 to 2023 in respective regions in terms of USD million, has been explained in the geography section of the study.

Electrical stimulation devices deliver alternating, direct, or pulsating waveform forms of energy for providing a therapeutic effect to the body. This study provides market analysis for various electrical stimulation devices that are used within home care and hospital settings. The stakeholders of this market study comprise established electrical stimulators product manufacturers, and distributors as well as new participants who wish to enter the global electrical stimulation devices market.

This study provides a comprehensive analysis of the global electrical stimulation devices market and helps in identifying the market governing factors. The market overview section provides exhaustive information on trends in the usage of electrical stimulation devices, market trends such as drivers, restraints, and growth opportunities that presently regulate the dynamics of the overall market. Competitive analysis tools such as Porter’s Five Forces analysis and market attractiveness analysis have also been incorporated in this report to provide analysis about the level of competition within the global electrical stimulation devices market. Competitive intelligence tools such as market share analysis have also been included in the market overview section of the report to deliver a broad spectrum of the overall scenario of the market at global level. Market share analysis thus provided in this study is in context with the major product manufacturers operating in the market which would help new players to understand the key business models and frameworks to identify the specific product lines of existing companies to establish a strong position in the electrical stimulation devices market.

The executive summary of the study summarizes comprehensive insights about every segment considered in this study. It includes a market snapshot offering an insight into the current scenario of the electrical stimulation devices market in terms of current and future market size along with the respective growth rate.

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This report concludes with profiles of key players in the global electrical stimulation devices market. The market study outlines the companies in terms of overview, financial overview, product portfolio, business strategies, and recent developments. Major organizations profiled in this study include Boston Scientific Corporation, BTL Industries, Inc., Cyberonics, Inc., DJO Global, EnteroMedics Inc., Medtronic plc, Nevro Corp., NeuroMetrix, Inc., St. Jude Medical, Inc., Uroplasty, Inc. (Cogentix Medical), and Zynex, Inc., amongst others.

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