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Published Date: 2015-10-14Number of Pages: 100

Electrical Stimulation Devices (ESDs) Market (Device Type and Application) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

 

Electrical stimulation devices deliver alternating, direct, or pulsating waveform forms of energy for providing a therapeutic effect to the body. This study provides market analysis for various electrical stimulation devices that are used within home care and hospital settings. The stakeholders of this market study comprise established electrical stimulators product manufacturers, and distributors as well as new participants who wish to enter the global electrical stimulation devices market.

This study provides a comprehensive analysis of the global electrical stimulation devices market and helps in identifying the market governing factors. The market overview section provides exhaustive information on trends in the usage of electrical stimulation devices, market trends such as drivers, restraints, and growth opportunities that presently regulate the dynamics of the overall market. Competitive analysis tools such as Porter’s Five Forces analysis and market attractiveness analysis have also been incorporated in this report to provide analysis about the level of competition within the global electrical stimulation devices market. Competitive intelligence tools such as market share analysis have also been included in the market overview section of the report to deliver a broad spectrum of the overall scenario of the market at global level. Market share analysis thus provided in this study is in context with the major product manufacturers operating in the market which would help new players to understand the key business models and frameworks to identify the specific product lines of existing companies to establish a strong position in the electrical stimulation devices market.

The executive summary of the study summarizes comprehensive insights about every segment considered in this study. It includes a market snapshot offering an insight into the current scenario of the electrical stimulation devices market in terms of current and future market size along with the respective growth rate.

The global electrical stimulation devices market has been segmented based on various device type and application. The electrical stimulation devices market has been categorized into major device types that are used as external or implantable stimulators such as spinal cord stimulation (SCS) devices, deep brain stimulation (DBS) devices, vagus nerve stimulation (VNS) devices, sacral nerve stimulation (SNS) devices, gastric electric stimulation (GES) devices, transcutaneous electrical nerve stimulation (TENS) devices, neuromuscular electrical stimulation (NMES/EMS) devices, and other electrical stimulation devices (electrotherapy devices, combination devices, TNS, TMS, etc.). Based on application, the market has been segmented into pain management, neurological and movement disorder management, musculoskeletal disorders management, metabolism & GIT management (stomach, intestine, pancreas, digestion, blood pressure, nausea, vomiting, gastroparesis, etc.), incontinence management (fecal incontinence, urinary incontinence, urinary retention), and others (aesthetics, training, cosmetics, etc.). The market size for the period from 2013 to 2023 has been provided for each of the device type and applications mentioned above in terms of USD million. Along with the market size that were projected considering 2014 as the base year and 2013 as the historical year, the CAGR (%) of each market segment for the forecast period from 2015 to 2023 has also been provided.

Geographically, the electrical stimulation devices market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East & North Africa and Rest of the World. North America has been further segmented into the U.S. and Canada; Europe into Germany, France, the U.K. and Rest of Europe; Asia Pacific into China, Japan, India and Rest of Asia Pacific; Latin America into Brazil and Rest of Latin America; and Middle East & Africa (MEA) into South Africa and Rest of MEA. The market revenue of electrical stimulation devices for each geographical region for 2014 and 2023 along with forecast from 2015 to 2023 in respective regions in terms of USD million, has been explained in the geography section of the study.

This report concludes with profiles of key players in the global electrical stimulation devices market. The market study outlines the companies in terms of overview, financial overview, product portfolio, business strategies, and recent developments. Major organizations profiled in this study include Boston Scientific Corporation, BTL Industries, Inc., Cyberonics, Inc., DJO Global, EnteroMedics Inc., Medtronic plc, Nevro Corp., NeuroMetrix, Inc., St. Jude Medical, Inc., Uroplasty, Inc. (Cogentix Medical), and Zynex, Inc., amongst others.

The global electrical stimulation devices market has been segmented as follows:

Electrical Stimulation Devices Market, by Device Type

  • Spinal Cord Stimulation (SCS) Devices
  • Deep Brain Stimulation (DBS) Devices
  • Vagus Nerve Stimulation (VNS) Devices
  • Sacral Nerve Stimulation (SNS) Devices
  • Gastric Electric Stimulation (GES) Devices
  • Transcutaneous electrical nerve stimulation (TENS) Devices
  • Neuromuscular Electrical Stimulation (NMES/EMS) Devices
  • Other Electrical Stimulation Devices (Electrotherapy Devices, Combination Devices, TNS, TMS, etc.)

Electrical Stimulation Devices Market, by Application

  • Pain Management
  • Neurological and Movement Disorder Management
  • Musculoskeletal Disorder Management
  • Metabolism & GIT Management (Stomach, Intestine, Pancreas, Digestion, Blood Pressure, Nausea, Vomiting, Gastroparesis, etc.)
  • Incontinence Management (Fecal Incontinence, Urinary Incontinence, Urinary Retention)
  • Others (Aesthetics, Training, Cosmetics, etc.)

Electrical Stimulation Devices Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • South Africa
    • Rest of MEA

 

Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Methodology
1.4 Assumptions

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Electrical Stimulation Devices Market (2014 & 2023)
2.2 Comparative Analysis: Global Electrical Stimulation Devices Market, by Geography, 2014 & 2023 (Value %)

Chapter 3 Global Electrical Stimulation Devices Market Overview
3.1 Market Dynamics and Overview
3.2 Market Drivers
       3.2.1 Escalating Prevalence of Chronic Medical Conditions Expected to Drive Market Growth
       3.2.2 Increasing Geriatric Population and Changing Demographics Likely to Support the Growth of ESDs Market
               3.2.2.1 Percentage of Population (for U.S., China, Japan, and India) over the age of 65: 1980 – 2050
               3.2.2.2 Global Percentage Change in the World’s Population by Age: 2010 – 2050
       3.2.3 Novel technologies and products to fuel the growth of Electrical Stimulation Devices market
3.3 Market Restraints
       3.3.1 Presence of alternative treatment therapies and low endorsement from regulatory bodies might impede the growth of the market
       3.3.2 Risks Associated with Implant Procedures
3.4 Market Opportunities
       3.4.1 Increasing Disposable Income and Growing Patient Pool in Emerging Markets
3.5 Porter’s Five Forces Analysis: Global Electrical Stimulation Devices Market
       3.5.1 Bargaining Power of Suppliers
       3.5.2 Bargaining Power of Buyers
       3.5.3 Threat of substitutes
       3.5.4 Threat of New Entrants
       3.5.5 Competitive Rivalry
3.6 Market Attractiveness Analysis: Global Electrical Stimulation Devices Market, by Geography
3.7 Market Share Analysis: Global Electrical Stimulation Devices Market, by Key Players, 2014

Chapter 4 Global Electrical Stimulation Devices Market, by Device Type
4.1 Overview
       4.1.1 Global Electrical Stimulation Devices Market Revenue, by Device Type, 2013–2023 (USD Million)
4.2 Spinal Cord Stimulation (SCS) Devices
       4.2.1 Global Spinal Cord Stimulation (SCS) Devices Market Revenue, 2013–2023 (USD Million)
4.3 Deep Brain Stimulation (DBS) Devices
       4.3.1 Global Deep Brain Stimulation (DBS) Devices Market Revenue, 2013–2023 (USD Million)
4.4 Vagus Nerve Stimulation (VNS) Devices
       4.4.1 Global Vagus Nerve Stimulation (VNS) Devices Market Revenue, 2013–2023 (USD Million)
4.5 Sacral Nerve Stimulation (SNS) Devices
       4.5.1 Global Sacral Nerve Stimulation (VNS) Devices Market Revenue, 2013–2023 (USD Million)
4.6 Gastric Electrical Stimulation (GES) Devices
       4.6.1 Global Gastric Electrical Stimulation (GES) Devices Market Revenue, 2013–2023 (USD Million)
4.7 Transcutaneous Electrical Nerve Stimulation (TENS) Devices
       4.7.1 Global Transcutaneous Electrical Nerve Stimulation (TENS) Devices Market Revenue, 2013–2023 (USD Million)
4.8 Neuromuscular Electrical Stimulation (NMES/EMS) Devices
       4.8.1 Global Neuromuscular Electrical Stimulation (NMES/EMS) Devices Market Revenue, 2013–2023 (USD Million)
4.9 Other Electrical Stimulation Devices (Electrotherapy Devices, Combination Devices, TNS, TMS, etc.)
       4.9.1 Global Other Electrical Stimulation Devices Market Revenue, 2013–2023 (USD Million)

Chapter 5 Global Electrical Stimulation Devices Market, by Application
5.1 Overview
       5.1.1 Global Electrical Stimulation Devices Market Revenue, by Application, 2013–2023 (USD Million)
5.2 Pain Management
       5.2.1 Global Electrical Stimulation Devices (ESDs) Market Revenue in Pain Management, 2013–2023 (USD Million)
5.3 Neurological and Movement Disorder Management
       5.3.1 Global Electrical Stimulation Devices (ESDs) Market Revenue in Neurological and Movement Disorder Management, 2013–2023 (USD Million)
5.4 Musculoskeletal Disorder Management
       5.4.1 Global Electrical Stimulation Devices (ESDs) Market Revenue in Musculoskeletal Disorder Management, 2013–2023 (USD Million)
5.5 Metabolism & GIT Management
       5.5.1 Global Electrical Stimulation Devices (ESDs) Market Revenue in Metabolism & GIT Management, 2013–2023 (USD Million)
5.6 Incontinence Management
       5.6.1 Global Electrical Stimulation Devices (ESDs) Market Revenue in Incontinence Management, 2013–2023 (USD Million)
5.7 Others (esthetics, training, wound healing, cosmetics, etc.)
       5.7.1 Global Electrical Stimulation Devices (ESDs) Market Revenue in Other Applications, 2013–2023 (USD Million)

Chapter 6 Global Electrical Stimulation Devices Market, By Geography
6.1 Overview
       6.1.1 Global Electrical Stimulation Devices Market Revenue, by Geography, 2013–2023 (USD Million)
6.2 North America
       6.2.1 North America Electrical Stimulation Devices Market Revenue, by Country, 2013–2023 (USD Million)
6.3 Europe
       6.3.1 Europe Electrical Stimulation Devices Market Revenue, by Country, 2013–2023 (USD Million)
6.4 Asia Pacific
       6.4.1 Asia Pacific Electrical Stimulation Devices Market Revenue, by Country, 2013–2023 (USD Million)
6.5 Latin America (LATAM)
       6.5.1 Latin America Electrical Stimulation Devices Market Revenue, by Country, 2013–2023 (USD Million)
6.6 Middle East & Africa (MEA)
       6.6.1 MEA Electrical Stimulation Devices Market Revenue, by Country, 2013–2023 (USD Million)

Chapter 7 Recommendations

Chapter 8 Company Profiles
8.1 Boston Scientific Corporation
       8.1.1 Company Profile
       8.1.2 Financial Overview
       8.1.3 Product Portfolio
       8.1.4 Business Strategies
       8.1.5 Recent Developments
8.2 BTL Industries, Inc.
       8.2.1 Company Overview
       8.2.2 Financial Overview
       8.2.3 Product Portfolio
       8.2.4 Business Strategies
       8.2.5 Recent Developments
8.3 Cyberonics, Inc.
       8.3.1 Company Overview
       Financial Overview
       8.3.3 Product Portfolio
       8.3.4 Business Strategies
       8.3.5 Recent Developments
8.4 DJO Global, Inc.
       8.4.1 Company Overview
       8.4.2 Financial Overview
       8.4.3 Product Portfolio
       8.4.4 Business Strategies
       8.4.5 Recent Developments
8.5 Medtronic plc
       8.5.1 Company Overview
       8.5.2 Financial Overview
       8.5.3 Product Portfolio
       8.5.4 Business Strategies
       8.5.5 Recent Developments
8.6 Nevro Corporation
       8.6.1 Company Overview
       8.6.2 Financial Overview
       8.6.3 Product Portfolio
       8.6.4 Business Strategies
       8.6.5 Recent Developments
8.7 NeuroMetrix, Inc.
       8.7.1 Company Overview
       8.7.2 Financial Overview
       8.7.3 Product Portfolio
       8.7.4 Business Strategies
       8.7.5 Recent Developments
8.8 St. Jude Medical, Inc.
       8.8.1 Company Overview
       8.8.2 Financial Overview
       8.8.3 Product Portfolio
       8.8.4 Business Strategies
       8.8.5 Recent Developments
8.9 Uroplasty, Inc. (Cogentix Medical)
       8.9.1 Company Overview
       8.9.2 Financial Overview
       8.9.3 Product Portfolio
       8.9.4 Business Strategies
       8.9.5 Recent Development
8.10 Zynex, Inc.
       8.10.1 Company Overview
       8.10.2 Financial Overview
       8.10.3 Product Portfolio
       8.10.4 Business Strategies
       8.10.5 Recent Developments

List of Figures
 

FIG. 1 Global Electrical Stimulation Devices Market Segmentation
FIG. 2 Global Electrical Stimulation Devices Market, by Device Type, 2014 (USD Million)
FIG. 3 Global Electrical Stimulation Devices Market, by Application, 2014 (USD Million)
FIG. 4 Comparative Analysis: Global Electrical Stimulation Devices Market, by Geography, 2014 & 2023 (Value %)
FIG. 5 Electrical Stimulation Devices Market, Drivers and Restraints
FIG. 6 Percentage of Population (for U.S., China, Japan, and India) over the age of 65: 1980 – 2050
FIG. 7 Global Percentage Change in the World’s Population by Age: 2010 – 2050
FIG. 1 Porter’s Five Forces Analysis for the Global Electrical Stimulation Devices Market
FIG. 2 Market Attractiveness Analysis: Global Electrical Stimulation Devices Market, by Geography
FIG. 3 Market Share Analysis: Global Electrical Stimulation Devices Market, by Key Players, 2014 (Value %)
FIG. 4 Global Spinal Cord Stimulation (SCS) Devices Market Revenue, 2013–2023 (USD Million)
FIG. 5 Global Deep Brain Stimulation (DBS) Devices Market Revenue, 2013–2023 (USD Million)
FIG. 6 Global Vagus Nerve Stimulation (VNS) Devices Market Revenue, 2013–2023 (USD Million)
FIG. 7 Global Sacral Nerve Stimulation (VNS) Devices Market Revenue, 2013–2023 (USD Million)
FIG. 8 Global Gastric Electrical Stimulation (GES) Devices Market Revenue, 2013–2023 (USD Million)
FIG. 9 Global Transcutaneous Electrical Nerve Stimulation (TENS) Devices Market Revenue, 2013–2023 (USD Million)
FIG. 10 Global Neuromuscular Electrical Stimulation (NMES/EMS) Devices Market Revenue, 2013–2023 (USD Million)
FIG. 11 Global Other Electrical Stimulation Devices Market Revenue, 2013–2023 (USD Million)
FIG. 12 Global Electrical Stimulation Devices Market Revenue in Pain Management, 2013–2023 (USD Million)
FIG. 13 Global Electrical Stimulation Devices (ESDs) Market Revenue in Neurological and Movement Disorder Management, 2013–2023 (USD Million)
FIG. 14 Global Electrical Stimulation Devices (ESDs) Market Revenue in Musculoskeletal Disorder Management, 2013–2023 (USD Million)
FIG. 15 Global Electrical Stimulation Devices (ESDs) Market Revenue in Metabolism & GIT Management, 2013–2023 (USD Million)
FIG. 16 Global Electrical Stimulation Devices (ESDs) Market Revenue in Incontinence Management, 2013–2023 (USD Million)
FIG. 17 Global Electrical Stimulation Devices (ESDs) Market Revenue in Other Applications, 2013–2023 (USD Million)
FIG. 18 Boston Scientific Corporation: Annual Revenue, 2012 – 2014 (USD Million)
FIG. 19 Cyberonics, Inc.: Annual Net Sales, 2012 – 2014 (USD Million)
FIG. 20 DJO Global, Inc.: Annual Revenue, 2012 – 2014 (USD millions)
FIG. 21 Medtronic plc: Annual Revenue, 2012 – 2014 (USD Million)
FIG. 22 Nevro Corporation: Annual Revenue, 2012 – 2014 (USD Million)
FIG. 23 NeuroMetrix, Inc.: Annual Revenue, 2012 – 2014 (USD Million)
FIG. 24 St. Jude Medical, Inc.: Annual Revenue, 2012 – 2014 (USD Million)
FIG. 25 Cogentix Medical: Annual Revenue, 2012 – 2014 (USD Million)
FIG. 26 Zynex, Inc. : Annual Revenue, 2012 – 2014 (USD Million)

List of Tables


TABLE 1 Market Snapshot: Global Electrical Stimulation Devices Market (2014 & 2023)
TABLE 2 Global Electrical Stimulation Devices Market Revenue, by Device Type, 2013–2023 (USD Million)
TABLE 3 Global Electrical Stimulation Devices Market Revenue, by Application, 2013–2023 (USD Million)
TABLE 4 Global Electrical Stimulation Devices Market Revenue, By Geography, 2013–2023 (USD Million)
TABLE 5 North America Electrical Stimulation Devices Market Revenue, by Country, 2013–2023 (USD Million)
TABLE 6 Europe Electrical Stimulation Devices Market Revenue, by Country, 2013–2023 (USD Million)
TABLE 7 Asia Pacific Electrical Stimulation Devices Market Revenue, by Country, 2013–2023 (USD Million)
TABLE 8 Latin America Electrical Stimulation Devices Market Revenue, by Country, 2013–2023 (USD Million)
TABLE 9 MEA Electrical Stimulation Devices Market Revenue, by Country, 2013–2023 (USD Million

 

Electrical stimulation devices or electronic muscle stimulation devices are essentially electrotherapy devices that are specifically designed to cause muscle contraction via electrical impulses. Non-invasive technology devices have been a major focus area in the past few years of medical device manufacturers, as majority of ESDs available in the market require surgical implantation as well as replacement surgeries after every few years. Factors such as escalating prevalence of chronic medical conditions, increasing geriatric population, introduction of novel technologies are driving the growth of the global electrical stimulation devices market. However, certain factors such as presence of alternative treatment therapies, low endorsement from regulatory bodies, and risks associated with implant procedures might pull back the growth of electrical stimulation devices market.

Based on device type, the global electrical stimulation devices market has been segmented into spinal cord stimulation (SCS) devices, deep brain stimulation (DBS) devices, vagus nerve stimulation (VNS) devices, sacral nerve stimulation (SNS) devices, gastric electric stimulation (GES) devices, transcutaneous electrical nerve stimulation (TENS) devices, neuromuscular electrical stimulation (NMES/EMS) devices, and other electrical stimulation devices (electrotherapy devices, combination devices, TNS, TMS, etc.). Spinal cord stimulation (SCS) devices dominated the market in 2014 due to increasing number of SCS implantation in the chronic pain management of trunk or limbs, which includes pain associated with post-back surgery syndrome, lower back, or legs coupled with growing incidence of neuromuscular diseases in developed regions. However, the vagus nerve stimulation (VNS) devices segment is expected to grow at the highest CAGR during the forecast period as these devices are becoming extremely important to reduce epilepsy seizures and improve postictal recovery in patients.

The application segment in the electrical stimulation devices market has been categorized into pain management, neurological and movement disorder management, musculoskeletal disorders management, metabolism & GIT management (stomach, intestine, pancreas, digestion, blood pressure, nausea, vomiting, gastroparesis, etc.), incontinence management (fecal incontinence, urinary incontinence, urinary retention), and others (aesthetics, training, cosmetics, etc.). Pain management was observed as the largest segment in terms of revenue in 2014. Increasing incidence of chronic pain and other pain among the population and clinical studies supporting the benefits of ESDs boost the usage of these devices in the pain management segment. However, neurological and movement disorder management segment is expected to expand at the highest CAGR during the forecast period due to the increasing incidence of psychiatric disorders such as Parkinson’s disease among population and growing applicability of neural stimulators in various neurological disorders.  

Geographically, North America accounted for the largest share of the global electrical stimulation devices market in 2014. Factors attributed to the dominant position of North America in electrical stimulation devices market are growing prevalence of lifestyle-related diseases, increasing number of sports related injuries, increased access to health care, and rising incidence of pain indications among geriatric. However, Asia Pacific is anticipated to witness the highest growth during the forecast period. Key factors such as phenomenally increasing base of aging patient population, increasing disposable income among population in various emerging economies, and greater demand for advanced medical interventions would accentuate the growth of electrical stimulation devices market in Asia Pacific. China is the major market for electrical stimulation devices in Asia Pacific. Factors such as large geriatric population, significant rise in health care spending, large population of disabled people, increase in chronic illnesses, high incidence rate of traffic accidents would boost the growth of the ESDs market in China.

The global electrical stimulation devices market is highly competitive and oligopolistic. The prominent companies governing the electrical stimulation devices market are Boston Scientific Corporation, BTL Industries, Inc., Cyberonics, Inc., DJO Global, EnteroMedics Inc., Medtronic plc, Nevro Corp., NeuroMetrix, Inc., St. Jude Medical, Inc., Uroplasty, Inc. (Cogentix Medical), and Zynex, Inc. Easy commercial availability of products, superior distribution channels, and ample supply capabilities are the other major factors that play an important role in determining the market position of these players.

electrical-stimulation-devices-market

 


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