Market Analysis: Global Electric Stimulation Devices Market

Global electric stimulation devices market is expected to rise by 2026 registering a healthy CAGR of 10.5% in the forecast period of 2019-2026. This growth in the market can be attributed to the increase in research and development on novel drug delivery. The imminent market description contains data for historic years 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

Market Definition: Global Electric Stimulation Devices Market

Electrical stimulators are minor electronic equipment that are worn by a patient and attached to the skin via electrodes externally. Electrical stimulators can be used for various purposes which includes, treating chronic intractable pain, reducing acute post-operative pain and swelling, maintaining muscle tone during reduced spasticity, temporary immobilization, helping patients of injured spinal cord to stand, walk and grasp independently.

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Market Restraints

Availability of other products offering a high level of efficiency for the treatment of chronic and cardiac diseases is hampering the market
Presence of stringent regulations over the selection and use of the devices hinders the market growth

Market Drivers

Increasing incidences of spinal injuries and chronic diseases is boosting the market growth
Increasing geriatric population associated with persistent pain is driving the market
High prevalence of sports injuries is enhancing the market growth
Deskbound lifestyle causing chronic medical conditions elevate the market growth
Segmentation: 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

By Application

Pain Management
Neurological and Movement Disorder Management
Musculoskeletal Disorder Management
Metabolism & GIT Management
Incontinence Management
Others

By End-User

Hospitals
Specialty Clinics
Ambulatory Centers
Others

By Geography

North America
U.S.
Canada
Mexico
South America
Brazil
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Thailand
Malaysia
Indonesia
Philippines
Rest of Asia-Pacific
Middle East & Africa
South Africa
Rest of Middle East & Africa

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Key Developments in the Market:

In April, 2019, FDA permits to NeuroSigma to market of first medical device Monarch eTNS System for treatment of ADHD This new device offered a safe, non-drug option for treatment of ADHD in pediatric patients through the use of mild nerve stimulation. This will further enhance the market share of the company globally of the company
In January, 2018, the Electrocore received the FDA 510(k) clearance from the FDA for the GammaCore, a hand-held non-invasive nerve stimulating device in the treatment of migraine pain for the adult patients. This approval is the expansion to gammaCore’s series of the company for the acute treatment of pain associated with episodic cluster headaches in adult patients.
Research Methodology: Global Electric Stimulation Devices Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Competitive Analysis:

Global electric stimulation devices market is highly fragmented and the major players have used numerous approaches such as novel product launches, growths, contracts, joint ventures, companies, acquisitions, and others to increase their footprints in this market. The report includes market shares of deep brain stimulation systems market for Global, Europe, North America, Asia-Pacific and South America.

Key Market Competitors:

Some of the major players operating in the global electric stimulation devices market 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, Soterix Medical Inc. and others