The Global Auricular and Cranial Electrotherapy Stimulation Devices market is anticipated to grow at a CAGR of 7.8% during the forecast period from 2021 to 2026. As per DelveInsight analysis, the rising prevalence of various mental and psychiatric disorders, increase in chronic pain cases globally, increasing insomnia among the population, rise in R&D investment by key companies are expected to boost the Auricular and Cranial Electrotherapy Stimulation Devices market growth.
DelveInsight’s Auricular and Cranial Electrotherapy Stimulation Devices Market Insights and Forecast provides the current and forecasted Cranial and Auricular Electrotherapy Stimulation Devices Market forecasts for the next five years, upcoming innovation in the devices, individual market shares, challenges, drivers, and barriers, market trends, and key competitors in the Auricular and Cranial Electrotherapy Stimulation Devices Market.
Auricular and Cranial Electrotherapy Stimulation Devices Overview
Cranial Electrotherapy Stimulation (CES) device is a small device that stimulates the cranium and brain with less than 4mA current that the patients cannot sense. The Cranial Electrical Stimulation (CES) is related to, but not the same as, other types of transcranial electrical stimulation, such as electroconvulsive therapy, transcranial direct current stimulation (tDCS), and high-definition transcranial direct current stimulation. The Food and Drug Administration approves the Cranial Electrotherapy Stimulation for treating insomnia, depression, and anxiety.
Auricular and Cranial Electrotherapy Stimulation Devices Market Insights
Geographically, the global Cranial & Auricular Electrotherapy Stimulation Devices market is studied for North America, Europe, Asia-Pacific, and the Rest of the World. In terms of revenue share, North America currently leads the global market, and it is expected that it will remain constant during the forecast period. This domination is owing to the growing demand because of the high anxiety and depression prevalence, rising population of the elderly, rising product launch, and well-established reimbursement scenario for Auricular and Cranial Electrotherapy Stimulation (CES) devices in the region, among other factors in the region. Furthermore, the prompt and well-established healthcare services and infrastructure contribute to the regional Cranial & Auricular Electrotherapy Stimulation Devices market growth. Moreover, the presence of key players in the region and supportive reimbursement programs further provide immense growth opportunities for the Cranial & Auricular Electrotherapy Stimulation Devices market.
Further, due to the increase in anxiety and depression and the presence of key players in the Asia-Pacific region, there is an increasing demand observed for Cranial & Auricular Electrotherapy Stimulation Devices in these regions, which the driving the market growth. Additionally, the rising geriatric population in the region having a higher susceptibility to skeletal disorders such as Rheumatoid Arthritis, osteoarthritis, and others, along with rising healthcare costs, improving healthcare infrastructure population, and growing healthcare expenditure, are further projected to augment the Cranial & Auricular Electrotherapy Stimulation Devices market in the region. This is due to the rising burden of the geriatric population in the region and growing healthcare awareness about devices which is expected to drive the market growth in the forecasted period.
To know more why North America is leading the market growth in Cranial & Auricular Electrotherapy Stimulation Devices market, get a snapshot of report Auricular & Cranial Electrotherapy Stimulation Devices market analysis
Recent Updates in the Auricular & Cranial Electrotherapy Stimulation Devices Market
- In January 2020, the FDA downgraded Cranial Electrotherapy Stimulator (CES) devices used for the treatment of anxiety and insomnia from Class III to Class II, leaving CES devices used to treat depression in the most stringent Class III category.
- In March 2019, Innovative Neurological Devices LLC received FDA approval for Cervella Cranial Electrotherapy Stimulator (CES) indicated to treat insomnia, depression, or anxiety.
Interested in knowing about the advancements in the Auricular & Cranial Electrotherapy Stimulation Devices market? Click to get a snapshot of Cranial Electrotherapy Stimulator Recent Breakthroughs
Key Players in the Auricular & Cranial Electrotherapy Stimulation Devices Market
Some of the key Auricular and Cranial Electrotherapy Stimulation Devices companies operating the market include DyAnsys Inc, Neuro-Fitness LLC, Electromedical Products International, Inc., INNOVATIVE NEUROLOGICAL DEVICES, Fisher Wallace, Johari Digital, SzeleSTIM GmbH, Soterix Medical Inc, Brainbox Ltd, neurocare group AG, Parasym Ltd, Neuroelectrics, Masimo, Innovative Health Solutions INC, Biegler GmbH, Ybrain, INC, NEUROSANTE, Cefaly, and others.
COVID-19 Impact On Auricular & Cranial Electrotherapy Stimulation Devices Market
The COVID-19 pandemic profoundly impacted elective and non-urgent surgeries across the countries. The demand for Auricular & Cranial Electrotherapy Stimulation Devices is primarily affected by the outbreak of the COVID-19 pandemic. The government imposed lockdowns to curb the spread of the virus leading to restrictions in movement and a decrease in regular check-ups. Due to the COVID-19 pandemic, various elective procedures were temporarily stopped in contrast to the COVID-19 affected patients that were given utmost priority. This leads to a decrease in the surgery required for Cranial & Auricular Electrotherapy Stimulation Devices. However, decreasing the number of cases, increasing vaccination number, and relief in lockdowns are expected to boost the demand for Auricular & Cranial Electrotherapy Stimulation Devices.
However, post-COVID-19, the healthcare system is trying to get normalcy due to the resumed patent visits, the opening of manufacturing facilities, and leverage given in terms of lockdown restrictions. Hence, the demand for Cranial & Auricular Electrotherapy Stimulation Devices is expected to rise in the market in the post-pandemic scenario during the forecast period.
To discuss more about the short/long-term impact of COVID-19, get a snapshot of the report Cranial Electrotherapy Stimulation Device Assessment
Scope of the Auricular & Cranial Electrotherapy Stimulation Devices Market Report:
- Geography Covered: Global
- Study Period: 2021-2026
- Market Segmentation By Electrotherapy Stimulation Device Type: Cranial Electrostimulation Devices and Auricular Electrostimulation Devices
- Market Segmentation By Application: Insomnia, Depression, Anxiety, Pain Management, and Others
- Market Segmentation By Geography – North America, Europe, Asia-Pacific, and Rest of World
- Auricular & Cranial Electrotherapy Stimulation Companies: DyAnsys Inc, Neuro-Fitness LLC, Electromedical Products International, Inc., INNOVATIVE NEUROLOGICAL DEVICES, Fisher Wallace, Johari Digital, SzeleSTIM GmbH, Soterix Medical Inc, Brainbox Ltd, neurocare group AG, Parasym Ltd, Neuroelectrics, Masimo, Innovative Health Solutions INC, Biegler GmbH, Ybrain, INC, NEUROSANTE, Cefaly, and others.
- Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s View
Table of Contents
| 1 | Report Introduction |
| 2 | Executive Summary |
| 3 | Regulatory and Patent Analysis |
| 4 | Auricular & Cranial Electrotherapy Stimulation Devices Market Key Factors Analysis |
| 5 | Porter’s Five Forces Analysis |
| 6 | COVID-19 Impact Analysis on Auricular & Cranial Electrotherapy Stimulation Devices Market |
| 7 | Market Layout |
| 8 | Global Company Share Analysis – Key 3-5 Companies |
| 9 | Auricular & Cranial Electrotherapy Stimulation Devices Companies and Product Profiles |
| 10 | Project Approach |
| 11 | KOL Views |
| 12 | DelveInsight Capabilities |
| 13 | Disclaimer |
| 14 | About DelveInsight |
To get a deeper understanding of key companies and devices, get a snapshot of the Cranial Electrotherapy Stimulator Devices Regulatory and Patent Analysis
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