Electrical Stimulation Devices Market: Increasing incidences of spinal injuries is expected to propel growth of the market | Boston Scientific Corporation, BTL Industries, Inc., Cyberonics, Inc

Overview:

Electrical stimulation is used in treatment of muscle weakness and spinal injuries related to neurological diseases. With the help of these devices, doctors can activate electrical impulses and transmit signals to electrodes due to which depolarization takes place which further lowers pain and enhances strength of muscle. Electrical stimulation devices come in different types and they are designed for treating various diseases such as obesity, pain management among others.

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Market Drivers:

The research and development activities by market players for the development of new products is increasing, which is expected to propel growth of the global electrical stimulation devices market over the forecast period. For instance, in April 2018, the U.S. Food and Drug Administration granted premarket approval to Medtronic, Plc. for its Medtronic Deep Brain Stimulation (DBS) system for treating Epilepsy.

Furthermore, rise in number of old age populations leading to growing cases of neurological diseases and chronic pain is projected to augment growth of the global electrical stimulation devices market over the forecast period. For instance, as per the revised July 2018 factsheet of National Council of Aging (NCOA), chronic diseases are causing higher amount of deaths in people in the U.S. where every 11 seconds, an older adult is required to be taken to emergency room.

Growing initiatives taken by governments for controlling cost and ensuring proper use of medical devices is also likely to propel growth of the global electrical stimulation devices market over the forecast period. For instance, in January 2014, the government of India formed Medical Technology Assessment Board (MTAB) under Department of Health Research (DHR) for evaluating new and existing medical technologies in the country.

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Key Takeaways:

• The global electric stimulation devices market is estimated to show a CAGR of 4.7% during the forecast period due to rise in number of chronic disease cases, growing cases of spinal injuries and rising postoperative and preoperative procedures. For instance, as per the November 2013 factsheet of World Health Organization (WHO), spinal cord injury affects nearly 250, 000 t0 500, 000 individual every year.
• The segment for spinal cord stimulation devices among Device Type is likely to witness strong growth in the global electric stimulation devices market over the forecast period. This is due to increasing incidences of spinal cord injuries related to falls and road accidents.
• The segment for pain management among Application Type is anticipated to witness substantial growth in the global electric stimulation devices market over the forecast period due to the stimulation devices are majorly used in pain management.
• The segment for dominant position among End User Type is projected to witness robust growth in the global electric stimulation devices market over the forecast period. This can be attributed to rise in number of accidents, injuries, and falls cases registered at hospitals.

Key Players:

Major players functioning the global electric stimulation devices market are Zynex, Inc., Boston Scientific Corporation, Uroplasty, Inc. (Cogentix Medical), BTL Industries, Inc., St. Jude Medical, Inc., Cyberonics, Inc., NeuroMetrix, Inc., DJO Global, Inc., Nevro Corporation., and Medtronic plc.

Reasons to buy this Electrical Stimulation Devices Market Report

☑ It attempts an analysis of the competing scenario.

☑ The current and exceptional product revenue market.

☑ An in-depth data on the regional investigation and competitive landscape structure.

☑ It benefits in creating an awareness of the important key product segments.

☑ The marketing strategies, opportunities, and development factors are explained.

☑ Electrical Stimulation Devices market size estimation and recent advancements in the industry are explained.

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The Study Objectives are:

✔ A comprehensive insight into key players operating in the Electrical Stimulation Devices Market and their corresponding data.
✔ It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies.
✔ Regional analysis, which includes insight into the dominant market and corresponding market share.
✔ It also includes various socio-economic factors affecting the evolution of the market in the region.
✔ The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.

Table of Content

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Electrical Stimulation Devices Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Electrical Stimulation Devices Industry Impact

Chapter 2 Global Electrical Stimulation Devices Competition by Types, Applications, and Top Regions and Countries
2.1 Global Electrical Stimulation Devices (Volume and Value) by Type
2.3 Global Electrical Stimulation Devices (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Electrical Stimulation Devices Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Electrical Stimulation Devices Market Analysis
Chapter 6 East Asia Electrical Stimulation Devices Market Analysis
Chapter 7 Europe Electrical Stimulation Devices Market Analysis
Chapter 8 South Asia Electrical Stimulation Devices Market Analysis
Chapter 9 Southeast Asia Electrical Stimulation Devices Market Analysis
Chapter 10 Middle East Electrical Stimulation Devices Market Analysis
Chapter 11 Africa Electrical Stimulation Devices Market Analysis
Chapter 12 Oceania Electrical Stimulation Devices Market Analysis
Chapter 13 South America Electrical Stimulation Devices Market Analysis
Chapter 14 Company Profiles and Key Figures in Electrical Stimulation Devices Business
Chapter 15 Global Electrical Stimulation Devices Market Forecast (2022-2028)
Chapter 16 Conclusions
Research Methodology