Global Gastric Electrical Stimulators Market: Overview

Gastric electrical stimulator (GES) is a small, battery-operated gastric neurostimulator, which is implanted beneath the skin in the lower abdominal area for the treatment for gastroparesis. The device consists of two insulated wires called leads, which are implanted in the stomach wall muscle and connected to the neurostimulator. The leads deliver mild electrical pulses to stimulate the smooth muscles of the lower stomach and control the symptoms of gastroparesis such as chronic nausea and vomiting in patients aged 18 to 70.

Global Gastric Electrical Stimulators Market: Key Trends

Rise in prevalence of delayed gastric emptying, also known as gastroparesis, is a major driver of the global gastric electrical stimulators market. Gastroparesis is a gastric motor disorder which leads to chronic nausea and vomiting and results in frequent hospital admissions and poor quality of life of patients. Gastroparesis is often associated with diabetes and can occur along with gastrointestinal disorders such as gastric ulcer, achalasia, atrophic gastritis, and celiac disease. This is projected to fuel demand for gastric electrical stimulators in the near future. Moreover, favorable reimbursement policies for gastric electric stimulation is anticipated to boost the global market during the forecast period. However, complications associated with GES including infection, bleeding, bruising, implant site pain, gastric perforation, lead penetration, bowel obstruction or perforation, irritation/inflammation over implant site, lead entanglement or erosion, and device mechanical or electrical problem are expected to restrain the global market in the next few years.

Global Gastric Electrical Stimulators Market: Segmentation

The global gastric electrical stimulators market can be segmented based on product, application, end-user, and region. In terms of product, the market can be bifurcated into high frequency and low frequency gastric electrical stimulators. Based on application, the global gastric electrical stimulators market can be classified into gastroparesis and obesity. The gastroparesis segment held major share of the market in 2017 and is anticipated to sustain its dominant position throughout the forecast period. In terms of end-user, the market can be divided into hospitals, ambulatory surgical centers, and others. The hospitals segment is expected to dominate the global market during the forecast period owing to large number of gastrointestinal surgeries performed in these facilities.

Global Gastric Electrical Stimulators Market: Regional Analysis

The global gastric electrical stimulators market can be segmented into five major regions: North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America is projected to account for the largest share of the global market between 2018 and 2026. Rise in the number of gastrointestinal surgical procedures performed in the U.S., high prevalence of gastroparesis, and favorable regulatory and reimbursement policies for GES are anticipated augment the market in the country. Rise in prevalence of obesity and diabetic gastroparesis in countries in Europe is expected to propel demand for GES in the country. Large patient pool and rapid adoption of western lifestyle leading to increased risk of chronic disorders such as obesity, diabetes, and gastrointestinal disorders in the developing countries including India and China are the key factors likely to augment the gastric electrical stimulators market in Asia Pacific.

Global Gastric Electrical Stimulators Market: Competitive Landscape

Key players operating in the global gastric electrical stimulators market are Medtronic, Reshape LifeSciences, Inc., and IntraPace, Inc. These players invest in research and development to launch innovative products to expand product portfolio and customer base globally. For instance, Medtronic launched Enterra system, which stimulates the smooth muscles of the lower stomach and helps to control the chronic nausea and vomiting associated with gastroparesis. The device is the only FDA-approved gastric electric stimulator for the treatment of gastroparesis across the globe.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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