Global Electroconvulsive Therapy Market Size and Trends

Global electroconvulsive therapy market size is expected to reach US$ 19.3 Mn by 2030, from US$ 16.1 Mn in 2023, exhibiting a compound annual growth rate (CAGR) of 2.6% during the forecast period.

Global electroconvulsive therapy market has been gaining significant traction over the forecast period due to rising incidences of depression and other mental health disorders worldwide. Electroconvulsive therapy (ECT) is a procedure, wherein small electric currents are passed through the brain, intentionally triggering a brief seizure. It is mainly used as a treatment for major depression, bipolar disorder, and schizophrenia. Over the years, technological advancements have made ECT a safer and more effective treatment option for severe mental illnesses. Moreover, growing awareness about mental health issues and de-stigmatization of ECT are supporting the market growth.

Global Electroconvulsive Therapy Market- Trends

Usage of ultrabrief pulse ECT devices: With the introduction and increased adoption of ultrabrief pulse ECT devices globally, it is having a significant impact on the electroconvulsive therapy market landscape. These new generation devices deliver briefer electrical pulses as compared to brief pulse ECT devices and have largely replaced brief pulse devices in many countries. As new device technologies prolong modern devices' lifespan, capital expenditure on ultrabrief pulse ECT equipment replacement has emerged as a significant factor influencing the market. Major device manufacturers have benefitted from the widespread replacement of aging brief pulse equipment with new ultrabrief pulse models globally.
Focus on R&D of modified ECT techniques: Global electroconvulsive therapy (ECT) market is witnessing significant changes due to the growing focus on research and development (R&D) of modified ECT techniques. Pharmaceutical companies and healthcare institutions are increasingly investing in clinical trials to develop ECT devices and protocols that can offer more effective treatment outcomes with lesser side effects.