Market for Sacral NerveStimulation Devices to Grow at Highest CAGR during 2020?2027
According to our new marketresearch study on "Electrical Stimulation Devices Market to 2027 ?Global Analysis and Forecast by Device Type and Application," the global electrical stimulation devices marketis expected to reach US$ 11,334.0 million by2027 from US$ 5,643.7million in 2019; it is estimated togrow at a CAGR of 9.3% from 2020 to 2027. The report highlights trendsprevailing in the market, and the drivers and restraints pertaining to the marketgrowth.
Based on the device type, theglobal electrical stimulation devices market is segmented into spinal cordstimulation devices, deep brain stimulation devices, vagus nerve stimulation(VNS) devices, sacral nerve stimulation (SNS) devices, gastric electricalstimulation (GES) devices, transcutaneous electrical nerve stimulation (TENS)devices, and neuromuscular electrical stimulation (NMES/EMS) devices and otherdevices. The SNS devices segment estimated to register the highest CAGR in themarket during the forecast period. The projected growth of the market for thissegment is attributed to the advantages such as the effectiveness of sacralnerve stimulation devices in the treatment of urinary incontinence.Additionally, increasing prevalence of urinary and fecal incontinence would generatemajor demand for electric stimulation devices in the coming years. Furthermore,growing number of product approvals and launches are also anticipated to drivethe adoption of these products during the forecast period.
The growth of the electricalstimulation devices market is ascribed to the factors such as rising prevalenceof neurological diseases and increasing incidence of chronic pain. However, thehigh cost of treatments involving electrical stimulation devices restrains themarket growth.
Boston ScientificCorporation; Medtronic; Abbott; BTL; DJO Global, Inc.; Ava Science Inc.; NEVROCORP.; Zynex Medical; Laborie, Inc.; LivaNova PLC; and NeuroMetri are among theleading companies operating in the electrical stimulation devices market.
Electrical Stimulation Devices Market, By Region, 2019 (%)
Electrical Stimulation Devices Market to Grow at a CAGR of 9.3% to reach US$ 11,334.0 Million from 2020 to 2027
Download Free SampleElectrical Stimulation Devices Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Device Type (Spinal Cord Stimulation Devices, Deep Brain Stimulation Devices, Vagus Nerve Stimulation (VNS) Devices, Sacral Nerve Stimulation (SNS) Devices, Gastric Electrical Stimulation (GES) Devices, Transcutaneous Electrical Nerve Stimulation (TENS) Devices, Other Devices ); Application ( Pain Management, Neurological and Movement Disorder Management, Musculoskeletal Disorder Management, Metabolism and GIT Management, Incontinence Management, Other Application ); and Geography
The report segments global electrical stimulation devicesmarket as follows:
By DeviceType
- Spinal CordStimulation Devices
- Deep BrainStimulation Devices
- Vagus NerveStimulation (VNS) Devices
- Sacral NerveStimulation (SNS) Devices
- GastricElectrical Stimulation (GES) Devices
- TranscutaneousElectrical Nerve Stimulation (TENS) Devices
- OtherElectrical Stimulation Devices
By Application
- Pain Management
- Neurologicaland Movement Disorder Management
- MusculoskeletalDisorder Management
- Metabolism andGIT Management
- IncontinenceManagement
- OtherApplications
By Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- UK
- Spain
- Italy
- Asia Pacific (APAC)
- China
- India
- Japan
- Australia
- South Korea
- Middle East and Africa (MEA)
- Saudi Arabia
- UAE
- South Africa
- South and Central America (SCAM)
- Brazil
- Argentina
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