Pain management to remain the main application area of ​​electrical stimulation devices, says Mr. Fact

Reality

Reality

“Increasing burden of various diseases due to unhealthy lifestyle choices, increasing prevalence of sports injuries, increasing use of peripheral nerve stimulators and electronic pulse stimulators, and increasing number of elderly affected by neurological diseases are factors driving market growth,”

SOUTH KOREA, Seoul, Sep 5, 2022 (GLOBE NEWSWIRE) – According to Fact.MR, a market research and competitive intelligence provider, the global electrical stimulation devices market is expected to reach USD 11 billion by 2027, expanding at a CAGR A high of 8% from 2022 to 2027.

Electrical stimulation devices display potential as a rehabilitation technique in physical therapy worldwide, especially gaining ground over other well-established techniques. Electrical impulses are used by electrical stimulation devices to electrically stimulate and contract muscles. The range of these devices is of great interest among patients, including those who need them natural therapyy To control chronic pain and athletes To achieve specific training objectives. The growth of the market is mainly due to technological developments such as the creation of instruments that can electrically stimulate the nervous system to restore vision and restore muscle movements after paralysis.

Selling electrostimulation devices It is expected to increase as more people use advanced stimulation techniques to activate affected muscles or manipulate underlying nerves to reduce pain. These affordable portable devices help speed up the healing process and improve blood flow to the affected area. A major problem that health care systems address is chronic pain. The demand for electrostimulation devices is mainly driven by Increased prevalence of chronic pain The product is increasingly used for pain control due to its significant therapeutic benefits.

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The increasing prevalence of spinal injuries resulting from accidents, violence or falls is one of the main reasons driving the electrical stimulation devices market. This trend is expected to increase Spine surgery requestflies The expansion of the market will drive at a rapid pace in the coming years.

a key Takeaways From Market Stady

  • The global market for electrostimulation devices is currently estimated at $7.5 billion.

  • The market in Canada is expected to grow at a compound annual growth rate of 6.5% during the forecast period (2022-2027).

  • Sales of deep brain stimulation devices are expected to grow at a compound annual growth rate of 8.5% from 2022 to 2027.

  • The market in Germany is expected to expand at a compound annual growth rate of 6.7% until 2027.

winning strategy

Market players focus on getting fast clearance to market and distribute their products. Major companies focus on launching advanced products to meet significant unmet medical demands. Market participants emphasize their efforts and resources in research and development to meet the diverse requirements of patients.

for example,

  • In 2021, Abbott announced NeuroSphere myPath, a digital health app intended to monitor and report pain reduction and general wellness for patients undergoing spinal cord stimulation.

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Segmentation of electrical stimulation devices industry research

  • By device:

    • Spinal Cord Stimulators (SCS)

    • Deep brain stimulation (DBS) devices

    • Vagus nerve stimulation (VNS) devices

    • Sacral nerve stimulation (SNS) devices

    • Aharon

  • By application:

    • Pain management

    • Management of neurological and movement disorders

    • Management of musculoskeletal disorders

    • Metabolism and Gastrointestinal Management

    • Aharon

  • By the end user:

  • By region:

    • North Amarica

    • Europe

    • Asia Pacific

    • Latin america

    • Middle East and Africa

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More valuable insights Available on offer

Fact.MR, in its new presentation, presents an unbiased analysis of the global Electrical Stimulation Devices market, providing historical demand data (2017-2021) and forecast statistics for the period 2022-2027.

The study reveals key market insights on the basis of the devices (Spinal Cord Stimulators (SCS), Deep Brain Stimulators (DBS), Vagus Nerve Stimulators (VNS), Sacral Nerve Stimulators (SNS), etc.)), and application. (Pain Management, Management of Neurological and Movement Disorders, Management of Musculoskeletal Disorders, Metabolism and Gastrointestinal Management, etc.), End User (Hospitals, Ambulatory Surgical Centers, etc.), across five major regions (North America, Europe, Asia Pacific, America Latin and MEA).

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