The Europe electrical stimulation devices market is expected to reach US$ 3,433.1 million by 2027 from US$ 1,745.6 million in 2019. The market is estimated to grow at a CAGR of 9.0% from 2020 to 2027.
The growth of the market is attributed to rise in growing adoption of electrical stimulation devices, increasing awareness about benefits provided by electrical stimulation, and growing number of product launches. However, the high cost of procedures hinders the growth of the market in Europe.
The Europe electrical stimulation devices market is expected to witness significant growth during the forecast period due to growing prevalence of neurological abnormalities and associated conditions. Also, players in the regional market might find growth opportunities with the rising number of market approvals for their products. For instance, in May 2018, StimGuard, one of the considerable players in the medical devices market received CE approval for its sacral nerve stimulator which is especially designed for the treatment of overactive bladder.
Germany is among the major countries in the electrical stimulation devices market in this region. The growth of Germany electrical stimulation devices market is prominently attributed to rapidly developed healthcare infrastructure and rising demand for advanced therapeutic platforms to deal with chronic pain.
Additionally, rapid technological innovations and collaborations are boosting the electrical stimulation devices market growth in the country.
Europe Electrical Stimulation Devices Market Revenue and Forecast to 2027 (US$ Million)
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Europe Electrical Stimulation Devices Market Segmentation
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
By Application
- Pain Management
- Neurological and Movement Disorder Management
- Musculoskeletal Disorder Management
- Metabolism and GIT Management
- Incontinence Management
- Other Application
By Country
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
Company Profiles
- Boston Scientific Corporation
- Medtronic
- Abbott
- BTL
- DJO Global Inc.
Europe Electrical Stimulation Devices Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 1,745.6 Million |
| Market Size by 2027 | US$ 3,433.1 Million |
| Global CAGR (2020 - 2027) | 9.0% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Device Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Device Type Devices, Application, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
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- Boston Scientific Corporation
- Medtronic
- Abbott
- BTL
- DJO Global
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