The Electrical Stimulation Devices Global Market Report 2023, provides comprehensive information on the electrical stimulation devices market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Electrical Stimulation Devices Market’s Growth:
As per The Business Research Company’s Electrical Stimulation Devices Global Market Report 2023, the market size is expected to grow from $6.53 billion in 2022 to $7.14 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global electrical stimulation devices market size is expected to grow to $10.06 billion in 2027 at a CAGR of 8.9%.
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Technological advancements are a key trend gaining popularity in the electrical stimulation market. Major market players are introducing technologically advanced and FDA-approved electrical stimulation devices for better treatment of patients. For instance, in August 2022, Abbott Laboratories, a US-based medical device company operating in electrical stimulation devices, announced that US FDA had approved Proclaim Plus, a new technologically advanced spinal cord stimulation device based on FlexBurst360 therapy. It is a next generation of BurstDR stimulation therapy that provides broader myotomal coverage at lower amplitudes than single-area stimulation individualized pain relief for various painful disorders and expands the range of available therapies.
The electrical stimulation devices market is segmented:
1) By Device Type: Deep Brain Stimulation Devices, Neuromuscular Electrical Stimulation Devices, Sacral Nerve Stimulation Devices, Spinal Cord Stimulation Devices, Other Devices
2) By Application: Pain Management, Neurological & Movement Disorder Management, Musculoskeletal Disorder Management, Metabolism & GIT Management, Other Applications
3) By End User: Hospitals, Ambulatory Surgical Centers, Other End Users
North America was the largest region in the electrical stimulation devices market in 2022.
The table of contents in TBRC’s electrical stimulation devices market report includes:
1. Executive Summary
2. Electrical Stimulation Devices Market Characteristics
3. Electrical Stimulation Devices Market Trends And Strategies
4. Electrical Stimulation Devices Market – Macro Economic Scenario
5. Electrical Stimulation Devices Market Size And Growth
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26. Africa Electrical Stimulation Devices Market
27. Electrical Stimulation Devices Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electrical Stimulation Devices Market
29. Electrical Stimulation Devices Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Boston Scientific Corporation
- Abbott Laboratories
- DJO Global Inc.
- BTL Corporate
- Nevro Corp
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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