Electrical stimulators refer to small electronic gadgets that are usually worn by a patient. It is affixed to the patient’s skin by way of electrodes. Electrical stimulators might find use for a wide range of purposes. It could be used for the treatment of chronic intractable pain, lessening acute post-operative swelling and pain, diminishing spasticity and many others. Such wide range of uses in the medical industry is likely to favor growth of the global electrical stimulation devices (ESDs) market over the years of assessment.
Incontinence management, movement and neurological disorder management, pain management, metabolism and GIT management, and musculoskeletal disorders management comprise broad areas of applications of electrical stimulation gadgets. The global electrical stimulation devices (ESDs) market is expected to observe rapid growth riding high on such broad areas of applications.
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Increased Demand from Patients in Home Care Settings to Boost Market
Electrical stimulators that are used by patients in the settings of a home setting can be further split into the below-mentioned categories:
- Transcutaneous Electrical Nerve Stimulation (TENS)
- Neuromuscular Electrical Stimulation (NMES)
- Peroneal Nerve Stimulation
- H-wave Stimulation
- Functional Neuromuscular Stimulation (FNS or ENS-Electrical Neuromuscular Stimulation)
- Peripheral Subcutaneous Field Stimulation
- Microcurrent Stimulation (MENS)
- Galvanic Stimulation
- Sympathetic Therapy
- Auricular Stimulation (P-stim)
When one is suffering from pain and the body sends message to the brain through the nervous system. Electrical stimulation if applied correctly can block the signal of pain effectively. It prevents the brain from receiving the pain signal. Athletes for long have been using electrical stimulation devices to speed up recovery from pain. Electrical stimulation device is extensively used at the time of giving physical therapy, particularly following an surgery or injury on a joint. Poor activation and muscle atrophy are serious issues that follow surgery of a knee, physical therapists usually make use of electrical stimulation to ease the pain.
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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.
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.
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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.
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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