Pain management will remain key application area for electrical stimulation devices, says Fact.MR

0

DONE.MR

“The increasing burden of various diseases due to unhealthy lifestyle choices, the increasing prevalence of sports injuries, the increasing use of peripheral nerve stimulators and electronic pulse stimulators, and the increase in the elderly population affected by neurological diseases are factors driving the growth of the market”,

South Korea, Seoul, Sept. 05, 2022 (GLOBE NEWSWIRE) — According to Fact.MR, a market research and competitive intelligence provider, the global electrical stimulation device market is expected to reach a valuation of $11 billion. by 2027, expanding at a high CAGR of 8% from 2022 to 2027.

Electrical stimulation devices are showing potential as a rehabilitation technique in physiotherapy worldwide, especially gaining ground over other established technologies. Electrical impulses are used by electrical stimulation devices to electrically stimulate and contract muscles. The range of these devices is attracting considerable interest from patients, including those requiring physiotherapy to manage chronic pain and athletes to achieve specific training goals. The growth of the market is mainly attributed to technological developments such as the creation of tools capable of electrically stimulating the nervous system to restore vision and regain post-paralysis muscle movement.

Sales of electrical stimulation devices are expected to increase as more people use advanced stimulation techniques to activate injured muscles or manipulate underlying nerves to reduce pain. These portable and affordable devices help speed up the healing process and improve blood flow to the injured area. One of the major problems that healthcare systems are tackling is chronic pain. The demand for electrical stimulation devices is primarily driven by the increasing prevalence of chronic pain and the growing use of products for pain management due to their significant therapeutic benefits.

Get a sample PDF of this research report with a detailed table of contents:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7666

The increasing prevalence of spinal injuries caused by accidents, violence or falls is one of the major drivers driving the market for electrical stimulation devices. This trend is expected to increase the demand for spine surgeries and drive the market expansion at a rapid pace over the coming years.

Key Jakeaways of Market Study

  • The global electrical stimulation device market is currently valued at US$7.5 billion.

  • The market in Canada is expected to grow at a CAGR of 6.5% during the forecast period (2022-2027).

  • Sales of deep brain stimulation devices are expected to grow at a CAGR of 8.5% from 2022 to 2027.

  • The market in Germany is expected to grow at a CAGR of 6.7% through 2027.

Winning strategy

Market players are focused on obtaining rapid authorization for the marketing and distribution of their products. Leading companies are focused on bringing advanced products to market to meet large unmet medical demands. Market players are focusing their efforts and resources on R&D to meet the varied needs of patients.

For instance,

  • In 2021, Abbott announced NeuroSphere myPath, a digital health app to monitor and report pain reduction and overall well-being in patients undergoing spinal cord stimulation.

Talk to the analyst:

https://www.factmr.com/connectus/sample?flag=AE&rep_id=7666

Electrical Stimulation Devices Industry Research Segmentation

  • Per device:

    • Spinal cord stimulation (SCS) devices

    • Deep Brain Stimulation (DBS) Devices

    • Vagus Nerve Stimulation (VNS) Devices

    • Sacral Nerve Stimulation (SNS) Devices

    • Others

  • Per application:

    • pain management

    • Management of neurological and movement disorders

    • Management of musculoskeletal disorders

    • GIT metabolism and management

    • Others

  • Per end user:

  • By region:

    • North America

    • Europe

    • Asia Pacific

    • Latin America

    • Middle East and Africa

Quick buy – Electrical Stimulation Devices Market Research report:
https://www.factmr.com/checkout/7666

More valuable information in offer

Fact.MR, in its new offering, presents an unbiased analysis of the global Electrical Stimulation Devices Market, showcasing historical demand data (2017-2021) and forecast statistics for the period 2022-2027.

The study discloses essential market insights on the basis of device (spinal cord stimulation (SCS) devices, deep brain stimulation (DBS) devices, vagus nerve stimulation (VNS) devices, Sacral Nerve Stimulation (SNS), Others), Application (Pain Management, Neurological and Movement Disorder Management, Musculoskeletal Disorder Management, Metabolism and Digestive System Management, Others) and End User (Hospitals , ambulatory surgery centers, others), in five major regions (North America, Europe, Asia-Pacific, Latin America, and MEA).

Check out other related studies published by Fact.MR Research:

Optic Nerve Disorder Drugs Market – Optic Nerve Disorder, commonly referred to as Optic Neuropathy, is a medical condition indicating degeneration of the optic nerve. While most optic nerve disorders are hereditary, few are also acquired over time. Some of the probable etiologies (set of causes) leading to optic nerve disorders can include nutritional, ischemic, and toxic types.

Occipital Nerve Block Treatment Market – Occipital Nerve Block Treatment is a therapeutic procedure used for the treatment of pain that occurs in the back of the head. The occipital nerve block treatment procedure is performed through the use of steroid injections or by giving local anesthetic to the base of the skull.

Bulbar Spinal Muscular Atrophy Treatment Market – Spinal and bulbar muscular atrophy is also known as Kennedy disease. It is a disorder of the nerve cells that control muscle movement. These nerve cells are present in the brainstem. Spinal and bulbar muscular atrophy occurs primarily in males and is characterized by atrophy that usually occurs in adulthood.

Spinal Surgery Tables Market – There are various conditions that negatively affect the spinal cord leading to back pain, adverse effects on body movement, and more. etc has the effect of disrupting the normal functioning of the spinal cord.

Spinal Surgery Products Market – The demand for spinal implants and surgical devices has increased with the cost of the products constantly falling. As a result, the market for spine surgery equipment is constantly expanding globally.

Brain Tissue Oxygen Monitoring Systems Market – Brain Tissue Oxygen Monitoring Systems are used for continuous monitoring of the partial pressure of oxygen in the brain, thereby providing early warning of hypoxic events, thus allowing rapid intervention to restore the supply of oxygen. Brain tissue oxygen monitoring systems are used for patients suffering from traumatic brain injury and cerebrovascular events such as stroke and others.

Brain Knife Pack Market – Brain Knife Pack is used for the treatment of brain tumors. Brain tumor is an unwanted, abnormal growth of tissue in the brain that may originate in the brain, called a primary tumor, or travel from any other part of the body to the brain, called a secondary or metastatic tumor.

Brain Implants Market – The global brain implants market is valued at US$6.6 billion in 2022 and is projected to expand at a high value CAGR of 11% to reach US$11.1 billion by 2027. Sales of deep brain stimulators are expected to increase at a similar CAGR of 11% from 2022 to 2027.

Preclinical Brain Imaging Market – Preclinical imaging is a technique used to monitor animals for research purposes, such as the development of new drugs. Preclinical imaging includes many different imaging modalities, in which only a few are suitable for imaging small animals, and others can be used in large animals. Preclinical imaging is used by researchers to visualize changes in the animal’s molecular, tissue and organ system.

About Us:

Market research and consulting agency that makes the difference! That’s why 80% of Fortune 1000 companies trust us to make their most critical decisions. Although our experienced consultants use the latest technology to extract hard-to-find information, we believe that our USP is the trust our clients place in our expertise. Covering a wide spectrum – from automotive and Industry 4.0 to healthcare and retail, our coverage is extensive, but we ensure that even the most niche categories are analyzed. Our sales offices in the USA and Dublin, Ireland. Headquarters based in Dubai, United Arab Emirates. Contact us with your goals and we will be a competent research partner.

Contact:
Mahendra Singh
USA Sales Office:
11140 Rockville Pike
Office 400
Rockville, MD 20852
Email: [email protected]
Tel: +1 (628) 251-158

Share.

About Author

Comments are closed.