• Blog
  • Electrical Stimulation Devices (ESDs) Market Analysis | 2021-2026

    Electrical Stimulation Devices (ESDs) Market Analysis | 2021-2026

    Electrical Stimulation Devices (ESDs) Market Analysis | 2021-2026
    Report code - SR1775 Delivery - 2 Weeks
    Electrical Stimulation Devices (ESDs) Market Size, Share, Trend, Forecast, Competitive Ana See more...

    “The Electrical Stimulation Devices (ESDs) Market is expected to grow from USD 5.5 billion in 2020 to USD 7.9 billion by 2026 at a CAGR of 6.3% during the forecast period”.

    Wish to get a free sample? Register Here

    Market Dynamics

    Introduction

    Electrical stimulation is a kind of physical therapy, which is used to help people who have experienced an injury. It is a physical therapy treatment that uses mild electrical pulses to help repair injured muscles. It's also widely used for people dealing with spasms, pain, or muscle weakness. There are several forms of electrical stimulation the physical therapist chooses to use.

    Market Drivers

    The Electrical Stimulation Devices (ESDs) market is primarily driven by the growing prevalence of chronic diseases and the increasing aging population. The demand for ESD is mainly from a large number of chronic diseases such as obesity, diabetes, and chronic pain. Also, the overweight population is highly susceptible to cardiac diseases or chronic diseases. Moreover, a significant rise in diabetes further creates a need for advanced & effective drugs or treatments, thus augmenting the industry growth, during the forecast period.

    COVID-19 Impact

    The COVID-19 pandemic has moderately affected the Electrical Stimulation Devices (ESDs) industry. The rapid spread of COVID-19 has led to several thousands of hospital admissions. The focus of healthcare professionals has been shifted toward the treatment of COVID-19-infected patients, which affected the treatment of non-emergency medical conditions, amid the pandemic.

    Segments Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Product-Type Analysis

    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, and Neuromuscular Electrical Stimulation (NMES/EMS) Devices

    The Spinal Cord Stimulation (SCS) Devices segment accounted for the largest market share in 2020.

    Regional Analysis

    North America, Europe, Asia-Pacific, and Rest of the World

    North America accounted for the highest share in 2020 and is expected to grow at a robust CAGR during the forecast period.

     

    By Product Type

    “The Spinal Cord Stimulation (SCS) Devices segment captured the highest market share in 2020”.

    The 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, and Neuromuscular Electrical Stimulation (NMES/EMS) Devices. 

    The Spinal Cord Stimulation (SCS) Devices segment accounted for the largest market share in 2020. Spinal cord stimulation (SCS) is a kind of neuromodulation, which works by blocking pain signals in nerves from reaching the brain. It enables to reduce the pain and also exhibits improved functioning and increased activity & mobility.

    Regional Analysis

    “North America dominated the market in 2020, with strong expected growth, while the Asia Pacific market is forecasted for healthy expansion”.

    The market is broken down geographically into areas, namely North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In terms of regions, the North American Electrical Stimulation Devices (ESDs) market accounted for the highest share in 2020 and is expected to grow at a robust CAGR during the forecast period.

    The Electrical Stimulation Devices (ESDs) market growth is mainly attributed to the changing lifestyle of the people, the growing burden of chronic diseases, rising incidences of sports injuries, the prevalence of better healthcare facilities, rising healthcare spending, and favorable reimbursement & insurance plans, augments the regional market growth during the forecast timeline.

    The Asia Pacific Electrical Stimulation Devices (ESDs) market is expected to grow at a healthy CAGR during the forecast period due to increasing aging population, high prevalence of several types of pain in the region, improving healthcare infrastructure, and a promising life expectancy of populations in numerous countries.

    Want to know which region offers the best growth opportunities? Register Here

    Key Players

    The following are the key players in the Electrical Stimulation Devices (ESDs) Market (arranged alphabetically)

    • Boston Scientific (US)
    • Cogentix Medical (US)
    • Cyberonics (US)
    • DJO Global (US)
    • Medtronic (Ireland)
    • NeuroMetrix (US)
    • Nevro (US)
    • St. Jude Medical (US)
    • Zynex (US)

    Note: The above list does not necessarily include all the top players in the market.

    Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    in-depth Analysis of the Electrical Stimulation Devices (ESDs) Market 

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research:

    Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The electrical stimulation devices (ESDs) market is estimated to grow at a healthy CAGR of 6.3% during the forecast period.

    The electrical stimulation devices (ESDs) market is likely to reach USD 7.9 billion in 2026.

    The Electrical Stimulation Devices (ESDs) market is primarily driven by the growing prevalence of chronic diseases and the increasing aging population.

    North America accounted for the highest share in 2020 and is expected to grow at a robust CAGR during the review period.

    The key players operating in the global electrical stimulation devices (ESDs) market are Boston Scientific (US), St. Jude Medical (US), Medtronic (Ireland), Cyberonics (US), DJO Global (US), Nevro (US), NeuroMetrix (US), Cogentix Medical (US), Zynex (US).

    The market is studied from 2016-2026.