ELECTRICAL STIMULATION DEVICES MARKET ANALYSIS

Name: Electrical Stimulation Devices Market Size and Trends
Creator: Coherent Market Insights
License: https://www.coherentmarketinsights.com/privacy-policy
Keywords: Electrical Stimulation Devices Market, Electrical Stimulation Devices Market Report, Electrical Stimulation Devices Industry Report, Electrical Stimulation Devices Market Size, Electrical Stimulation Devices Market Share, Electrical Stimulation Devices Market Analysis, Electrical Stimulation Devices Market Growth, Electrical Stimulation Devices Market Trends, Electrical Stimulation Devices Market Overview, Electrical Stimulation Devices Market Forecast

Electrical Stimulation Devices Market, by Device (Spinal Cord Stimulation Devices, Deep Brain Stimulation Devices, Vagus Nerve Stimulation Devices, Sacral Nerve Stimulation Devices, Gastric Electric Stimulation Devices, Transcutaneous electrical nerve Stimulation Devices, Neuromuscular Electrical Stimulation Devices, Cranial Electrical Stimulation Device, and Other Electrical Stimulation Devices), by Application (Pain Management, Neurological and Movement Disorder Management, Musculoskeletal Disorder Management, Metabolism & GIT Management, Incontinence Management, and Others), by End User (Hospitals, Specialty Clinics, Ambulatory Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Industry Insights, and Forecast till 2026

Published In : Feb 2019
Code : CMI2486
Pages :172
Formats :
Excel and PDF
Industry : Medical Devices

Electrical Stimulation Devices MarketSize and Trends

The global electrical stimulation devices market size was valued at US$ 3,956.0 million in 2017, and is expected to exhibit a CAGR of 4.7 % over the forecast period (2018 – 2026).

Figure 1. Global Electrical Stimulation Devices Market Value (US$ Mn), by Region, 2017

Source: Coherent Market Insights Analysis (2019)

Market Trends

Electrical stimulation devices are used in preoperative and postoperative pain management in patients with spinal injuries. High incidence of spinal injuries caused due to accidents, falls or violence is expected to propel demand for spinal surgeries, which in turn is expected to drive the market growth. According to World Health Organization (WHO) factsheet in 2018, annually there are around 37.3 million falls, which require medical attention, whereas about 646,000 individuals die each year, from falls globally.

Moreover, increasing incidences of neurological disorders such as Alzheimer’s disease and trauma associated with spinal injuries is expected to propel growth of the electrical stimulation devices market over the forecast period. For instance, in August 2012, National Center for Biotechnology Information (NCBI) stated Alzheimer’s disease as the most frequent cause of dementia in Western societies and estimated around 5.5 million cases of the disease in the U.S., and 24 million globally.

Figure 2. Global Electrical Stimulation Devices Market Share (%), by Application, 2018 and 2026