ELECTRICAL STIMULATION DEVICES MARKET ANALYSIS

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

Regional Analysis

Increasing prevalence of chronic diseases in North America is expected to bolster the market growth

North America holds dominant position in the global electrical stimulation devices market, owing to high prevalence of chronic diseases. According to National Center for Biotechnology Information (NCBI), March 2018, an estimated 45%, or around 33 million Americans were diagnosed by at least one chronic disease.

Moreover, rise in geriatric population, who are highly susceptible to pain, is expected to bolster the market growth over the forecast period.

According to American Psychological Association, 2014 report, around 40 million people over the age 65 years account for 14% of total population and around 60% to 75% of people over age 65 years are diagnosed with persistent pain.