Report : Europe Electrical Stimulation Devices Market Forecast to 2027 - COVID-19 Impact and Regional 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, and Other Devices); Application (Pain Management, Neurological and Movement Disorder Management, Musculoskeletal Disorder Management, Metabolism and GIT Management, Incontinence Management, and Other Application), and Country
Sacral Nerve Stimulation (SNS) DevicesSegmenttoWitnessHigher CAGRDuringForecast Period
According to the latest report on “EuropeElectrical Stimulation Devices MarketForecast to 2027 – COVID-19 Impact and Analysis –by Device Type andApplication,”the market was valued at US$ 1,745.6 million in 2019 and is projectedto reach US$ 3,433.1 millionby2027; it is expected to grow at a CAGR of 9.0%during 2020–2027. The report highlights trends prevailing in the Europeelectrical stimulation devices market and the factors driving market along with those that act as hindrances.
Based on device type, the Europeelectrical stimulation devices market is segmented into 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, and other devices. In 2019, the spinal cord devices segment held a largershare of the market. However, the sacral nerve stimulation devices segment is expected to grow at a fasterrate duringthe forecast period.
The growth of the Europeelectrical stimulation devices market is attributed to the increasing incidences of neurological disorders, extensively growing product launches, and growing musculoskeletal conditions. However, the high cost of procedures limits the growth of market in this region.
Boston Scientific Corporation, Medtronic, Abbott, BTL, and DJO Global Inc. are among the leading companies operating in the Europeelectrical stimulation devices market.
The report segments EuropeElectrical Stimulation Devices Marketas follows:
By Device Type