[Research Report] The electrical stimulation devices market was valued at US$ 5,643.7million in 2019 and is projected to reach US$ 11,334.0 million by 2027; it isexpected to grow at a CAGR of 9.3% during 2020–2027.
Electrical stimulation devices are utilized to treat chronicpain and neurological disorders with the help of electrical signals. Increasingawareness regarding efficient treatment outcomes of electrical stimulationtherapy and growing number of product approvals are among the factors driving themarket growth.
Lucrative Regional Electrical Stimulation Devices Markets
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Market Insights
Increasing Prevalence of Chronic Pain
Chronic pain is one of the major problems listed byhealthcare systems. Acute pains can be treated over time with the help ofvarious therapeutic solutions; however, chronic pain leads to prolongedcondition of abnormality. Furthermore, this type of pain adversely affects thesocial and economic aspects of people’s lives. Chronic pain conditions mainlyinclude the pain of back, knees, and arms, as well as other musculoskeletalconditions.
The considerably growing prevalence of chronic pain isprojected to drive the growth of the electrical stimulation devices market during the forecast period.According to a study published by the NCBI in 2016, extensively increasingprevalence of chronic pain and associated conditions are the leading cause ofdisability worldwide. Moreover, according to another study published by NCBI in2019, 30.0% of the population suffers from some form of chronic pain. Factorssuch as genetic conditions, sedentary lifestyle, aging, mental stress, andsurgical interventions are among of the prominent causes of chronic pain. Inaddition, according to a study published by American Chiropractic Associationin 2020, ~31 million Americans suffer from lower back pain at some point oftime in their lives, which is majorly related to sedentary lifestyle.
With the advent of advanced technologies, the new devicesare capable of reducing pain to considerable extent. For instance, Spectra WaveWriter Spinal Cord Stimulator System launched by Boston Scientific Corporationis capable of providing great relief to chronic pain. In addition, the devicesenable the customization of therapy and real-time monitoring of therapy. Thesebenefits of electrical stimulation devices, coupled with increasing prevalenceof chronic pain, drives the growth of the electrical stimulation devices market.
Device Type Insights
Based on device type, the electrical stimulation devicesmarket is segmented into spinal cord stimulation devices, deep brainstimulation devices, VNS devices, SNS devices, GES devices, TENS devices, andNMES/EMS devices. The spinal cord stimulation devices segment held the largestshare of the market in 2019; whereas the sacral nerve stimulation (SNS) devicessegment is anticipated to register the highest CAGR in the market during theforecast period.
Global Electrical Stimulation Devices Market, by Device Type – 2019 and 2027
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Application Insights
Based on application, the electrical stimulation devicesmarket has been segmented into pain management, neurological and movementdisorders management, musculoskeletal disorder management, metabolism and GITmanagement, incontinence management, and other applications. The painmanagement segment held the largest share of the market in 2019 and isestimated to register the highest CAGR in the market during the forecast period.
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Electrical Stimulation Devices Market: Strategic Insights
Market Size Value in US$ 5,643.7Million in 2019 Market Size Value by US$ 11,334.0 Million by 2027 Growth rate CAGR of 9.3% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Electrical Stimulation Devices Market: Strategic Insights
| Market Size Value in | US$ 5,643.7Million in 2019 |
| Market Size Value by | US$ 11,334.0 Million by 2027 |
| Growth rate | CAGR of 9.3% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Product launches and approval strategies are commonlyadopted by companies to meet the growing demand, thereby expanding their footprintand product portfolio reach worldwide.
The electrical stimulation devices market players adopt thestrategy of expansion to enlarge customer base worldwide, which also permitsthem to maintain their brand name globally. For instance, in January 2019, BostonScientific Corporation launched Vercise Primary Cell (PC) and Vercise GeviaDeep Brain Stimulation (DBS) Systems featuring the Vercise Cartesia DirectionalLead.
Global Electrical Stimulation Devices Market – ByDevice 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 Electrical Stimulation Devices
Global Electrical Stimulation Devices Market – By Application
- Pain Management
- Neurological and Movement Disorder Management
- Musculoskeletal Disorder Management
- Metabolism and GIT Management
- Incontinence Management
- Other Applications
Global Electrical Stimulation Devices Market–By Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Spain
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
- South and Central America
- Brazil
- Argentina
- Rest of South America
Company Profiles
- Boston Scientific Corporation
- Medtronic
- Abbott
- BTL
- DJOGlobal, Inc.
- AvaScience Inc.
- NEVROCORP.
- ZynexMedicalLaborie, Inc.
- LivaNovaPLC
- NeuroMetri
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Device Type Devices ; Application ; and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
1. Introduction
1.1 Scope of theStudy
1.2 The InsightPartners Research Report Guidance
1.3 MarketSegmentation
1.3.1 GlobalElectrical Stimulation Devices Market– By Device Type
1.3.2 GlobalElectrical Stimulation Devices Market– By Application
1.3.3 GlobalElectrical Stimulation Devices Market– By Geography
2. Electrical Stimulation Devices Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 SecondaryResearch
3.3 Primary Research
4. Global Electrical Stimulation Devices Market – Market Landscape
4.1 Overview
4.2 Pest Analysis
4.2.1 North America –PEST Analysis
4.2.2 Europe– PESTAnalysis
4.2.3 Asia Pacific–PEST Analysis
4.2.4 Middle East& Africa– PEST Analysis
4.2.5 South andCentral America – PEST Analysis
4.3 Expert Opinion
5. Electrical Stimulation Devices Market – Key Market Dynamics
5.1 Key MarketDrivers
5.1.1 RisingPrevalence of Neurological Diseases
5.1.2 IncreasingPrevalence of Chronic Pain
5.2 Key MarketRestraints
5.2.1 High Cost ofTreatments Involving Electrical Stimulation Devices
5.3 Key MarketOpportunities
5.3.1 Growing Numberof FDA Approvals and Product Launches
5.4 Future Trends
5.4.1 WearableElectrical Stimulation Devices
5.5 Impact analysis
6. Electrical Stimulation Devices Market– Global Analysis
6.1 Global ElectricalStimulation Devices Market Revenue Forecast And Analysis
6.2 Global ElectricalStimulation Devices Market, By Geography - Forecast And Analysis
6.3 MarketPositioning of Key Players
7. Electrical Stimulation Devices Market Analysis – By Device Type
7.1 Overview
7.2 ElectricalStimulation Devices Market Share, by Device Type, 2019 and 2027 (%)
7.3 Spinal CordStimulation Devices
7.3.1 Overview
7.3.2 Spinal CordStimulation: Electrical Stimulation Devices Market– Revenue and Forecast to2027 (US$ Million)
7.4 Deep BrainStimulation Devices
7.4.1 Overview
7.4.2 Deep Brain StimulationDevices: Electrical Stimulation Devices Market– Revenue and Forecast to 2027(US$ Million)
7.5 Vagus NerveStimulation (VNS) Devices
7.5.1 Overview
7.5.2 Vagus NerveStimulation Devices: Electrical Stimulation Devices Market– Revenue andForecast to 2027 (US$ Million)
7.6 Sacral NerveStimulation (SNS) Devices
7.6.1 Overview
7.6.2 Sacral NerveStimulation Devices: Electrical Stimulation Devices Market– Revenue andForecast to 2027 (US$ Million)
7.7 GastricElectrical Stimulation (GES) Devices
7.7.1 Overview
7.7.2 GastricElectrical Stimulation (GES) Devices: Electrical Stimulation Devices Market –Revenue and Forecast to 2027 (US$ Million)
7.8 TranscutaneousElectrical Nerve Stimulation (TENS) Devices
7.8.1 Overview
7.8.2 TranscutaneousElectrical Nerve Stimulation (TENS) Devices: Electrical Stimulation DevicesMarket – Revenue and Forecast to 2027 (US$ Million)
7.9 Other Devices
7.9.1 Overview
7.9.2 Other Devices:Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (US$Million)
8. Electrical Stimulation Devices Market Analysis – By Application
8.1 Overview
8.2 ElectricalStimulation Devices Market Share, by Application, 2019 and 2027, (%)
8.3 Pain Management
8.3.1 Overview
8.3.2 Pain Management:Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Neurological andMovement Disorder Management
8.4.1 Overview
8.4.2 Neurological andMovement Disorder Management: Electrical Stimulation Devices Market – Revenueand Forecast to 2027 (US$ Million)
8.5 MusculoskeletalDisorder Management
8.5.1 Overview
8.5.2 MusculoskeletalDisorder Management: Electrical Stimulation Devices Market – Revenue andForecast to 2027 (US$ Million)
8.6 Metabolism andGIT Management
8.6.1 Overview
8.6.2 Metabolism andGIT Management: Electrical Stimulation Devices Market – Revenue and Forecast to2027 (US$ Million)
8.7 IncontinenceManagement
8.7.1 Overview
8.7.2 IncontinenceManagement: Electrical Stimulation Devices Market – Revenue and Forecast to2027 (US$ Million)
8.8 OtherApplications
8.8.1 Overview
8.8.2 OtherApplications: Electrical Stimulation Devices Market – Revenue and Forecast to2027 (US$ Million)
9. Electrical Stimulation Devices Market – Geographic Analysis
9.1 North America:Electrical Stimulation Devices Market
9.1.1 Overview
9.1.2 North America:Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.1.3 North America:Electrical Stimulation Devices Market, by Device Type, 2018–2027 (USD Million)
9.1.4 North America:Electrical Stimulation Devices Market, by Application, 2018–2027 (USD Million)
9.1.5 North America:Electrical Stimulation Devices Market, by Country, 2019& 2027 (%)
9.1.5.1 US: ElectricalStimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.1.5.1.1 US: ElectricalStimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.1.5.1.2 US: ElectricalStimulation Devices Market, by Device Type, 2018–2027 (USD Million)
9.1.5.1.3 US: ElectricalStimulation Devices Market, by Application, 2018–2027 (USD Million)
9.1.5.2 Canada: ElectricalStimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.1.5.2.1 Canada:Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USDMillion)
9.1.5.2.2 Canada: ElectricalStimulation Devices Market, by Device Type, 2018–2027 (USD Million)
9.1.5.2.3 Canada:Electrical Stimulation Devices Market, by Application 2018–2027 (USD Million)
9.1.5.3 Mexico: ElectricalStimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.1.5.3.1 Mexico:Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USDMillion)
9.1.5.3.2 Mexico:Electrical Stimulation Devices Market, by Device Type, 2018–2027 (USD Million)
9.1.5.3.3 Mexico:Electrical Stimulation Devices Market, by Application, 2018–2027 (USD Million)
9.2 Europe:Electrical Stimulation Devices Market
9.2.1 Overview
9.2.2 Europe:Electrical Stimulation Devices Market - Revenue and Forecast to 2027 (USDMillion)
9.2.3 EuropeElectrical Stimulation Devices Market, by Device Type – Revenue and Forecast to2027 (USD Million)
9.2.4 EuropeElectrical Stimulation Devices Market, by Application – Revenue and Forecast to2027 (USD Million)
9.2.5 Europe:Electrical Stimulation Devices Market, by Country, 2019 & 2027 (%)
9.2.5.1 Germany:Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USDMillion)
9.2.5.1.1 Germany:Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USDMillion)
9.2.5.1.2 GermanyElectrical Stimulation Devices Market, by Device Type – Revenue and Forecast to2027 (USD Million)
9.2.5.1.3 GermanyElectrical Stimulation Devices Market, by Application – Revenue and Forecast to2027 (USD Million)
9.2.5.2 UK: ElectricalStimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.2.5.2.1 UK: ElectricalStimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.2.5.2.2 UK ElectricalStimulation Devices Market, by Device Type – Revenue and Forecast to 2027 (USDMillion)
9.2.5.2.3 UK ElectricalStimulation Devices Market, by Application – Revenue and Forecast to 2027 (USDMillion)
9.2.5.3 France: ElectricalStimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.2.5.3.1 France:Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USDMillion)
9.2.5.3.2 France ElectricalStimulation Devices Market, by Device Type – Revenue and Forecast to 2027 (USDMillion)
9.2.5.3.3 France ElectricalStimulation Devices Market, by Application – Revenue and Forecast to 2027 (USDMillion)
9.2.5.4 Spain: ElectricalStimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.2.5.4.1 Spain: ElectricalStimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.2.5.4.2 Spain ElectricalStimulation Devices Market, by Device Type – Revenue and Forecast to 2027 (USDMillion)
9.2.5.4.3 Spain ElectricalStimulation Devices Market, by Application – Revenue and Forecast to 2027 (USDMillion)
9.2.5.5 Italy: ElectricalStimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.2.5.5.1 Italy: ElectricalStimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.2.5.5.2 Italy ElectricalStimulation Devices Market, by Device Type – Revenue and Forecast to 2027 (USDMillion)
9.2.5.5.3 Italy ElectricalStimulation Devices Market, by Application – Revenue and Forecast to 2027 (USDMillion)
9.3 Asia Pacific:Electrical Stimulation Devices Market
9.3.1 Overview
9.3.2 Asia Pacific:Electrical Stimulation Devices Market - Revenue and Forecast to 2027 (USDMillion)
9.3.3 Asia PacificElectrical Stimulation Devices Market, by Device Type – Revenue and Forecast to2027 (USD Million)
9.3.4 Asia PacificElectrical Stimulation Devices Market, by Application – Revenue and Forecast to2027 (USD Million)
9.3.5 Asia Pacific:Electrical Stimulation Devices Market, by Country, 2019 & 2027 (%)
9.3.5.1 China: ElectricalStimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.3.5.1.1 China: ElectricalStimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.3.5.1.2 China ElectricalStimulation Devices Market, by Device Type – Revenue and Forecast to 2027 (USDMillion)
9.3.5.1.3 China ElectricalStimulation Devices Market, by Application – Revenue and Forecast to 2027 (USDMillion)
9.3.5.2 Japan: ElectricalStimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.3.5.2.1 Japan: ElectricalStimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.3.5.2.2 Japan ElectricalStimulation Devices Market, by Device Type – Revenue and Forecast to 2027 (USDMillion)
9.3.5.2.3 Japan ElectricalStimulation Devices Market, by Application – Revenue and Forecast to 2027 (USDMillion)
9.3.5.3 India: ElectricalStimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.3.5.3.1 India: ElectricalStimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.3.5.3.2 India ElectricalStimulation Devices Market, by Device Type – Revenue and Forecast to 2027 (USDMillion)
9.3.5.3.3 India ElectricalStimulation Devices Market, by Application – Revenue and Forecast to 2027 (USDMillion)
9.3.5.4 South Korea:Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USDMillion)
9.3.5.4.1 South Korea:Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USDMillion)
9.3.5.4.2 South KoreaElectrical Stimulation Devices Market, by Device Type – Revenue and Forecast to2027 (USD Million)
9.3.5.4.3 South KoreaElectrical Stimulation Devices Market, by Application – Revenue and Forecast to2027 (USD Million)
9.3.5.5 Australia:Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USDMillion)
9.3.5.5.1 Australia:Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USDMillion)
9.3.5.5.2 AustraliaElectrical Stimulation Devices Market, by Device Type – Revenue and Forecast to2027 (USD Million)
9.3.5.5.3 AustraliaElectrical Stimulation Devices Market, by Application – Revenue and Forecast to2027 (USD Million)
9.4 Middle East &Africa: Electrical Stimulation Devices Market
9.4.1 Overview
9.4.2 Middle East& Africa: Electrical Stimulation Devices Market - Revenue and Forecast to2027 (US$ Million)
9.4.3 Middle East& Africa Electrical Stimulation Devices Market, by Device Type – Revenueand Forecast to 2027 (USD Million)
9.4.4 Middle East& Africa Electrical Stimulation Devices Market, by Application – Revenueand Forecast to 2027 (USD Million)
9.4.5 Middle East& Africa: Electrical Stimulation Devices Market, by Country, 2019 & 2027(%)
9.4.5.1 Saudi Arabia:Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USDMillion)
9.4.5.1.1 Saudi Arabia:Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USDMillion)
9.4.5.1.2 Saudi ArabiaElectrical Stimulation Devices Market, by Device Type – Revenue and Forecast to2027 (USD Million)
9.4.5.1.3 Saudi ArabiaElectrical Stimulation Devices Market, by Application – Revenue and Forecast to2027 (USD Million)
9.4.5.2 UAE: ElectricalStimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.4.5.2.1 UAE: ElectricalStimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.4.5.2.2 UAE ElectricalStimulation Devices Market, by Device Type – Revenue and Forecast to 2027 (USDMillion)
9.4.5.2.3 UAE ElectricalStimulation Devices Market, by Application – Revenue and Forecast to 2027 (USDMillion)
9.4.5.3 South Africa:Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USDMillion)
9.4.5.3.1 South Africa:Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USDMillion)
9.4.5.3.2 South AfricaElectrical Stimulation Devices Market, by Device Type – Revenue and Forecast to2027 (USD Million)
9.4.5.3.3 South AfricaElectrical Stimulation Devices Market, by Application – Revenue and Forecast to2027 (USD Million)
9.5 South and CentralAmerica: Electrical Stimulation Devices Market
9.5.1 Overview
9.5.2 South andCentral America: Electrical Stimulation Devices Market – Revenue and Forecastto 2027 (USD Million)
9.5.3 South andCentral America Electrical Stimulation Devices Market, by Device Type – Revenueand Forecast to 2027 (USD Million)
9.5.4 South andCentral America Electrical Stimulation Devices Market, by Application – Revenueand Forecast to 2027 (USD Million)
9.5.5 South andCentral America: Electrical Stimulation Devices Market, by Country, 2019 &2027 (%)
9.5.5.1 Brazil: ElectricalStimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.5.5.1.1 Brazil:Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USDMillion)
9.5.5.1.2 Brazil ElectricalStimulation Devices Market, by Device Type – Revenue and Forecast to 2027 (USDMillion)
9.5.5.2 Brazil ElectricalStimulation Devices Market, by Application – Revenue and Forecast to 2027 (USDMillion)
9.5.5.3 Argentina:Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USDMillion)
9.5.5.3.1 Argentina:Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USDMillion)
9.5.5.3.2 ArgentinaElectrical Stimulation Devices Market, by Device Type – Revenue and Forecast to2027 (USD Million)
9.5.5.3.3 ArgentinaElectrical Stimulation Devices Market, by Application – Revenue and Forecast to2027 (USD Million)
10. Impact Of COVID-19 Pandemic On Global Electrical Stimulation DevicesMarket
10.1 North America:Impact Assessment of COVID-19 Pandemic
10.2 Europe: Impactassessment of COVID-19 Pandemic
10.3 Asia-Pacific: ImpactAssessment of COVID-19 Pandemic
10.4 Rest of the World:Impact Assessment of COVID-19 Pandemic
11. Electrical Stimulation Devices Market – Industry Landscape
11.1 Overview
11.2 Growth StrategiesDone by the Companies in the Market, (%)
11.3 Organic Developments
11.3.1 Overview
11.4 InorganicDevelopments
11.4.1 Overview
12. COMPANY PROFILES
12.1 Boston ScientificCorporation
12.1.1 Key Facts
12.1.2 BusinessDescription
12.1.3 Products andServices
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Medtronic
12.2.1 Key Facts
12.2.2 BusinessDescription
12.2.3 Products andServices
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Abbott
12.3.1 Key Facts
12.3.2 BusinessDescription
12.3.3 Products andServices
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 BTL
12.4.1 Key Facts
12.4.2 BusinessDescription
12.4.3 Products andServices
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 DJO Global, Inc.
12.5.1 Key Facts
12.5.2 BusinessDescription
12.5.3 Products andServices
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 NEVRO CORP.
12.6.1 Key Facts
12.6.2 BusinessDescription
12.6.3 Products andServices
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Zynex Medical
12.7.1 Key Facts
12.7.2 BusinessDescription
12.7.3 Products andServices
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Laborie, Inc.
12.8.1 Key Facts
12.8.2 BusinessDescription
12.8.3 Products andServices
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 LivaNova PLC
12.9.1 Key Facts
12.9.2 BusinessDescription
12.9.3 Products andServices
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 NeuroMetrix, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The InsightPartners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Electrical Stimulation Devices Market, by Device Type– Revenue and Forecast to 2027 (USD Million)
Table 2. North America Electrical Stimulation Devices Market, by Application– Revenue and Forecast to 2027 (USDMillion)
Table 3. US Electrical Stimulation Devices Market, by Device Type – Revenueand Forecast to 2027 (USD Million)
Table 4. US Electrical Stimulation Devices Market, by Application – Revenueand Forecast to 2027 (USD Million)
Table 5. Canada Electrical Stimulation Devices Market, by Device Type –Revenue and Forecast to 2027 (USDMillion)
Table 6. Canada Electrical Stimulation Devices Market, by Application –Revenue and Forecast to 2027 (USDMillion)
Table 7. Mexico Electrical Stimulation Devices Market, by Device Type –Revenue and Forecast to 2027 (USDMillion)
Table 8. Mexico Electrical Stimulation Devices Market, by Application –Revenue and Forecast to 2027 (USDMillion)
Table 9. Europe Electrical Stimulation Devices Market, by Device Type –Revenue and Forecast to 2027 (USD Million)
Table 10. Europe Electrical Stimulation Devices Market, by Application –Revenue and Forecast to 2027 (USD Million)
Table 11. Germany Electrical Stimulation Devices Market, by Device Type –Revenue and Forecast to 2027 (USD Million)
Table 12. Germany Electrical Stimulation Devices Market, by Application –Revenue and Forecast to 2027 (USD Million)
Table 13. UK Electrical Stimulation Devices Market, by Device Type – Revenueand Forecast to 2027 (USD Million)
Table 14. UK Electrical Stimulation Devices Market, by Application – Revenueand Forecast to 2027 (USD Million)
Table 15. France Electrical Stimulation Devices Market, by Device Type –Revenue and Forecast to 2027 (USD Million)
Table 16. France Electrical Stimulation Devices Market, by Application –Revenue and Forecast to 2027 (USD Million)
Table 17. Spain Electrical Stimulation Devices Market, by Device Type –Revenue and Forecast to 2027 (USD Million)
Table 18. Spain Electrical Stimulation Devices Market, by Application –Revenue and Forecast to 2027 (USD Million)
Table 19. Italy Electrical Stimulation Devices Market, by Device Type –Revenue and Forecast to 2027 (USD Million)
Table 20. Italy Electrical Stimulation Devices Market, by Application –Revenue and Forecast to 2027 (USD Million)
Table 21. Asia Pacific Electrical Stimulation Devices Market, by Device Type –Revenue and Forecast to 2027 (USDMillion)
Table 22. Asia Pacific Electrical Stimulation Devices Market, by Application –Revenue and Forecast to 2027 (USDMillion)
Table 23. China Electrical Stimulation Devices Market, by Device Type –Revenue and Forecast to 2027 (USD Million)
Table 24. China Electrical Stimulation Devices Market, by Application –Revenue and Forecast to 2027 (USD Million)
Table 25. Japan Electrical Stimulation Devices Market, by Device Type –Revenue and Forecast to 2027 (USD Million)
Table 26. Japan Electrical Stimulation Devices Market, by Application –Revenue and Forecast to 2027 (USD Million)
Table 27. India Electrical Stimulation Devices Market, by Device Type – Revenueand Forecast to 2027 (USD Million)
Table 28. India Electrical Stimulation Devices Market, by Application –Revenue and Forecast to 2027 (USD Million)
Table 29. South Korea Electrical Stimulation Devices Market, by Device Type –Revenue and Forecast to 2027 (USDMillion)
Table 30. South Korea Electrical Stimulation Devices Market, by Application –Revenue and Forecast to 2027 (USDMillion)
Table 31. Australia Electrical Stimulation Devices Market, by Device Type –Revenue and Forecast to 2027 (USD Million)
Table 32. Australia Electrical Stimulation Devices Market, by Application –Revenue and Forecast to 2027 (USD Million)
Table 33. Middle East & Africa Electrical Stimulation Devices Market, byDevice Type – Revenue and Forecast to 2027 (USD Million)
Table 34. Middle East & Africa Electrical Stimulation Devices Market, byApplication – Revenue and Forecast to 2027 (USD Million)
Table 35. Saudi Arabia Electrical Stimulation Devices Market, by Device Type –Revenue and Forecast to 2027 (USD Million)
Table 36. Saudi Arabia Electrical Stimulation Devices Market, by Application –Revenue and Forecast to 2027 (USDMillion)
Table 37. UAE Electrical Stimulation Devices Market, by Device Type – Revenueand Forecast to 2027 (USD Million)
Table 38. UAE Electrical Stimulation Devices Market, by Application – Revenueand Forecast to 2027 (USD Million)
Table 39. South Africa Electrical Stimulation Devices Market, by Device Type –Revenue and Forecast to 2027 (USDMillion)
Table 40. South Africa Electrical Stimulation Devices Market, by Application –Revenue and Forecast to 2027 (USDMillion)
Table 41. South and Central America Electrical Stimulation Devices Market, byDevice Type – Revenue and Forecast to 2027 (USD Million)
Table 42. South and Central America Electrical Stimulation Devices Market, byApplication – Revenue and Forecast to 2027 (USD Million)
Table 43. Brazil Electrical Stimulation Devices Market, by Device Type –Revenue and Forecast to 2027 (USD Million)
Table 44. Brazil Electrical Stimulation Devices Market, by Application –Revenue and Forecast to 2027 (USD Million)
Table 45. Argentina Electrical Stimulation Devices Market, by Device Type –Revenue and Forecast to 2027 (USD Million)
Table 46. Argentina Electrical Stimulation Devices Market, by Application –Revenue and Forecast to 2027 (USD Million)
Table 47. Organic Developments Done By Companies
Table 48. Inorganic Developments Done by Companies
Table 49. Glossary of Terms, Electrical Stimulation Devices Market
LIST OF FIGURES
Figure 1. Electrical Stimulation Devices Market Segmentation
Figure 2. Electrical Stimulation Devices Market, By Region
Figure 3. Global Electrical Stimulation Devices Market Overview
Figure 4. Spinal Cord Stimulation Devices Held Largest Share of ElectricalStimulation Devices Market in 2019
Figure 5. Asia-Pacific Region Is Expected to Show Remarkable Growth During theForecast Period
Figure 6. Global Electrical Stimulation Devices Market, By Geography (US$Million)
Figure 7. Global Electrical Stimulation Devices Market- Leading CountryMarkets (US$ Million)
Figure 8. Global Electrical Stimulation Devices Market, Industry Landscape
Figure 9. North America PEST Analysis
Figure 10. Europe PEST Analysis
Figure 11. Asia pacific PEST Analysis
Figure 12. Middle East & Africa PEST Analysis
Figure 13. South and central America PEST Analysis
Figure 14. Electrical Stimulation Devices Market impact analysis of driver andrestraints
Figure 15. Global Electrical Stimulation Devices Market– Revenue Forecast AndAnalysis – 2019- 2027
Figure 16. Global Electrical Stimulation Devices Market– By Geography ForecastAnd Analysis – 2019- 2027
Figure 17. Market Positioning Of Key Players In Global Electrical StimulationDevices Market
Figure 18. Electrical Stimulation Devices Market Share, by Device Type, 2019and 2027 (%)
Figure 19. Spinal Cord Stimulation Devices: Electrical Stimulation DevicesMarket– Revenue and Forecast to 2027(US$ Million)
Figure 20. Deep Brain Stimulation Devices: Electrical Stimulation DevicesMarket– Revenue and Forecast to 2027 (US$ Million)
Figure 21. Vagus Nerve Stimulation Devices: Electrical Stimulation DevicesMarket– Revenue and Forecast to 2027(US$ Million)
Figure 22. Sacral Nerve Stimulation Devices: Electrical Stimulation DevicesMarket – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Gastric Electrical Stimulation (GES) Devices: Electrical StimulationDevices Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Transcutaneous Electrical Nerve Stimulation (TENS) Devices:Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (US$Million)
Figure 25. Other Devices: Electrical Stimulation Devices Market – Revenue andForecast to 2027 (US$ Million)
Figure 26. Electrical Stimulation Devices Market Share, by Application, 2019 and2027 (%)
Figure 27. Pain Management Electrical Stimulation Devices Market – Revenue andForecast to 2027 (US$ Million)
Figure 28. Neurological and Movement Disorder Management: ElectricalStimulation Devices Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Musculoskeletal Disorder Management: Electrical Stimulation DevicesMarket – Revenue and Forecast to 2027 (US$ Million)
Figure 30. Metabolism and GIT Management: Electrical Stimulation Devices Market– Revenue and Forecast to 2027 (US$ Million)
Figure 31. Incontinence Management: Electrical Stimulation Devices Market –Revenue and Forecast to 2027 (US$Million)
Figure 32. Other Applications: Electrical Stimulation Devices Market – Revenueand Forecast to 2027 (US$ Million)
Figure 33. North America: Electrical Stimulation Devices Market, by Key Country– Revenue (2019) (USD Million)
Figure 34. North America Electrical Stimulation Devices Market Revenue andForecast to 2027 (USD Million)
Figure 35. North America: Electrical Stimulation Devices Market, by Country,2019 & 2027 (%)
Figure 36. US: Electrical Stimulation Devices Market – Revenue and Forecast to2027 (USD Million)
Figure 37. Canada: Electrical Stimulation Devices Market – Revenue and Forecastto 2027 (USD Million)
Figure 38. Mexico: Electrical Stimulation Devices Market – Revenue and Forecastto 2027 (USD Million)
Figure 39. Europe: Electrical Stimulation Devices Market, by Key Country –Revenue (2019) (USD Million)
Figure 40. Europe Electrical Stimulation Devices Market Revenue and Forecast to2027 (USD Million)
Figure 41. Europe: Electrical Stimulation Devices Market, by Country, 2019& 2027 (%)
Figure 42. Germany: Electrical Stimulation Devices Market – Revenue andForecast to 2027 (USD Million)
Figure 43. UK: Electrical Stimulation Devices Market – Revenue and Forecast to2027 (USD Million)
Figure 44. France: Electrical Stimulation Devices Market – Revenue and Forecastto 2027 (USD Million)
Figure 45. Spain: Electrical Stimulation Devices Market – Revenue and Forecastto 2027 (USD Million)
Figure 46. Italy: Electrical Stimulation Devices Market – Revenue and Forecastto 2027 (USD Million)
Figure 47. Asia Pacific: Electrical Stimulation Devices Market, by Key Country– Revenue (2019) (USD Million)
Figure 48. Asia Pacific Electrical Stimulation Devices Market Revenue andForecast to 2027 (USD Million)
Figure 49. Asia Pacific: Electrical Stimulation Devices Market, by Country,2019 & 2027 (%)
Figure 50. China: Electrical Stimulation Devices Market – Revenue and Forecastto 2027 (USD Million)
Figure 51. Japan: Electrical Stimulation Devices Market – Revenue and Forecastto 2027 (USD Million)
Figure 52. India: Electrical Stimulation Devices Market – Revenue and Forecastto 2027 (USD Million)
Figure 53. South Korea: Electrical Stimulation Devices Market – Revenue andForecast to 2027 (USD Million)
Figure 54. Australia: Electrical Stimulation Devices Market – Revenue andForecast to 2027 (USD Million)
Figure 55. Middle East & Africa: Electrical Stimulation Devices Market, byKey Country – Revenue (2019) (USD Million)
Figure 56. Middle East & Africa Electrical Stimulation Devices MarketRevenue and Forecast to 2027 (USD Million)
Figure 57. Middle East & Africa: Electrical Stimulation Devices Market, byCountry, 2019 & 2027 (%)
Figure 58. Saudi Arabia: Electrical Stimulation Devices Market – Revenue andForecast to 2027 (USD Million)
Figure 59. UAE: Electrical Stimulation Devices Market – Revenue and Forecast to2027 (USD Million)
Figure 60. South Africa: Electrical Stimulation Devices Market – Revenue andForecast to 2027 (USD Million)
Figure 61. South and Central America: Electrical Stimulation Devices Market, byKey Country – Revenue (2019) (USDMillion)
Figure 62. South and Central America Electrical Stimulation Devices Market Revenueand Forecast to 2027 (USD Million)
Figure 63. South and Central America: Electrical Stimulation Devices Market, byCountry, 2019 & 2027 (%)
Figure 64. Brazil: Electrical Stimulation Devices Market – Revenue and Forecastto 2027 (USD Million)
Figure 65. Argentina: Electrical Stimulation Devices Market – Revenue andForecast to 2027 (USD Million)
Figure 66. Impact of COVID-19 Pandemic In North American Country Markets
Figure 67. Impact of COVID-19 Pandemic In European Country Markets
Figure 68. Impact of COVID-19 Pandemic In Asia Pacific Country Markets
Figure 69. Impact Of COVID-19 Pandemic In North American Country Market
Figure 70. Growth Strategies Done by the Companies in the Market, (%)
The List of Companies - Electrical Stimulation Devices Market
- Boston Scientific Corporation
- Medtronic
- Abbott
- BTL
- DJO Global, Inc.
- Ava Science Inc.
- NEVRO CORP.
- Zynex MedicalLaborie, Inc.
- LivaNova PLC
- NeuroMetri
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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