Global Electrical Stimulation Devices (ESDs) Market: Overview

Electrical stimulation devices (ESDs) in recent years have garnered wide attention in a variety of areas such as therapeutics, sports medicine, and cosmetics. These devices are gaining increasing acceptance as modern, complementary strength training methods for athletes and as potential methods for pain management in patients with musculoskeletal injuries. Compared to other traditional technologies, ESDs are also proving to be promising as rehabilitation tool in physiotherapy world over. Apart from this, ESDs are soaring in popularity in esthetics. ESDs work by electrically stimulating and contracting muscles with the use of electric impulses. In various regions, the scope of these devices is generating widespread interest among patient populations needing physiotherapies to manage chronic pain and among athletes to achieve specific training goals.

The growing awareness of the potential and the efficacy of electrical stimulation methods for pain recovery and training, notably in developing and developed countries, is noticeably boosting their demand. Recent research and clinical trials into developing their applications in medical physiology are likely to steadily expand the horizon of the market.

The global electrical stimulation devices market stood at US$3.8 billion in 2014 and projected to reach a worth of US$6.5 billion by 2023 end. The market is projected to clock 6.0% CAGR during the forecast period of 2015–2023.

Uptake for Managing Neurological and Mobility-related Disorders to Rise Substantially

The broad areas of applications of electrical stimulation devices are neurological and movement disorder management, musculoskeletal disorders management, pain management, metabolism and GIT management, incontinence management, and the others segment, mainly consisting of aesthetics, training, and cosmetics. Of all the segments, pain management held the major share in global market in 2014, accounting for 53.4% share, and is anticipated to retain its dominance throughout the assessment period. This will be largely attributed to a widespread demand for ESDs as therapeutics for pain management among populations world over. A rising geriatric population and a substantially rising patient pool for chronic pain are notable factors likely to sustain an extensive demand for ESDs for pain management in the coming years.  The marked efficacy of ESDs in managing low back pain and spinal injuries is bolstering demand.

However, the noticeably rising application of ESD in neurological and movement disorder management segment will contribute to the leading pace of the growth of this segment. The segment is projected to rise at an impressive CAGR of 7.40% during the forecast period, fueled by vastly rising demand for ESDs.

Major types of ESDs use are spinal cord stimulation devices, transcutaneous electrical nerve stimulation devices, deep brain stimulation devices, gastric electric stimulation devices, vagus nerve stimulation devices, sacral nerve stimulation devices, neuromuscular electrical stimulation (NMES/EMS) devices, combination devices, electrotherapy devices, trigeminal nerve stimulation (TNS) devices, and transcranial magnetic stimulation (TMS) devices.

Extensively Rising Applications in Pain Management in Asia Pacific Account for its Prominence

The various regional market of ESDs are Asia Pacific, the Middle East and Africa, North America, Europe, among Latin America. Of these, North America leads the pack. In 2014, it accounted for the leading global share of 43.5% and contributed a substantial revenue of US$1.6 billion in the same year. The regional market is expected to hold its sway in the coming years as well, driven by the notably rising burden of various diseases caused by lifestyle actors and the growing prevalence of sports injuries. The rise in geriatric population suffering from chronic pain and other indications. The presence of a robust healthcare system in the region will also bolster the uptake during the assessment period.

Howbeit, Asia Pacific is expected to experience significant strides in the uptake of ESDs for various applications. The regional market is anticipated to rise at the leading 6.90% CAGR from 2015 to 2023. The rapidly rising elderly populations and the marked prevalence of various types of pain are crucial factors likely to support a swift uptake of ESDs in this region. Furthermore, a rapidly rising case of neurological disorders and a promising life expectancy of populations in numerous countries in the region are significant factors fueling the demand for ESDs in Asia Pacific.

 

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