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.
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
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Electrical Stimulation Devices Market – By Device Type
1.3.2 Europe Electrical Stimulation Devices Market – By Application
1.3.3 Europe Electrical Stimulation Devices Market – By Region
2. Electrical Stimulation Devices Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Electrical Stimulation Devices– Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Europe
4.3 Expert Opinion
5. Europe Electrical Stimulation Devices Market – Industry Dynamics
5.1 Key Drivers
5.1.1 Rising Prevalence of Neurological Diseases
5.1.2 Increasing Prevalence of Chronic Pain
5.2 Key Market Restraints
5.2.1 High Cost of Treatments Involving Electrical Stimulation Devices
5.3 Key Market Opportunities
5.3.1 Growing Number of FDA Approvals and Product Launches
5.4 Future Trends
5.4.1 Wearable Electrical Stimulation Devices
5.5 Impact Analysis
6. Electrical Stimulation Devices Market – Regional Analysis
6.1 Europe Electrical Stimulation Devices Market Revenue Forecast and Analysis
7. Electrical Stimulation Devices Market Analysis – By Device Type
7.1 Overview
7.2 Electrical Stimulation Devices Market Revenue Share, by Device Type, 2019 and 2027 (%)
7.2.1 Europe Electrical Stimulation Devices Market , by Device Type – Revenue and Forecast to 2027 (USD Million)
7.3 Spinal Cord Stimulation Devices
7.3.1 Overview
7.3.2 Spinal Cord Stimulation Devices : Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Deep Brain Stimulation Devices
7.4.1 Overview
7.4.2 Deep Brain Stimulation Devices: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Vagus Nerve Stimulation (VNS) Devices
7.5.1 Overview
7.5.2 Vagus Nerve Stimulation Devices: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (US$ Million)
7.6 Sacral Nerve Stimulation (SNS) Devices
7.6.1 Overview
7.6.2 Sacral Nerve Stimulation (SNS) Devices: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (US$ Million)
7.7 Gastric Electrical Stimulation (GES) Devices
7.7.1 Overview
7.7.2 Gastric Electrical Stimulation (GES) Devices: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (US$ Million)
7.8 Transcutaneous Electrical Nerve Stimulation (TENS) Devices
7.8.1 Overview
7.8.2 Transcutaneous Electrical Nerve Stimulation (TENS) Devices: Electrical Stimulation Devices Market – 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 – By Application
8.1 Overview
8.2 Electrical Stimulation Devices Market, by Application, 2019 and 2027 (%)
8.2.1 Europe Electrical Stimulation Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
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 and Movement Disorder Management
8.4.1 Overview
8.4.2 Neurological and Movement Disorder Management: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Musculoskeletal Disorder Management
8.5.1 Overview
8.5.2 Musculoskeletal Disorder Management: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Metabolism and GIT Management
8.6.1 Overview
8.6.2 Metabolism and GIT Management: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (US$ Million)
8.7 Incontinence Management
8.7.1 Overview
8.7.2 Incontinence Management: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (US$ Million)
8.8 Other Applications
8.8.1 Overview
8.8.2 Other Applications: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (US$ Million)
9. Electrical Stimulation Devices Market – Regional Analysis
9.1 Europe: Electrical Stimulation Devices Market
9.1.1 Overview
9.1.2 Europe: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.1.3 Europe: Electrical Stimulation Devices Market , by Device Type, 2018–2027 (USD Millions)
9.1.4 Europe: Electrical Stimulation Devices Market, by Application, 2018–2027 (USD Million)
9.1.5 Europe: Electrical Stimulation Devices Market, by Country, 2019 & 2027 (%)
9.1.6 Germany: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.1.6.1 Germany: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.1.6.2 Germany: Electrical Stimulation Devices Market , by Device Type, 2018–2027 (USD Millions)
9.1.6.3 Germany: Electrical Stimulation Devices Market , by Application, 2018–2027 (USD Million)
9.1.7 UK: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.1.7.1 UK: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.1.7.2 UK: Electrical Stimulation Devices Market , by Device Type, 2018–2027 (USD Millions)
9.1.7.3 UK: Electrical Stimulation Devices Market , by Application, 2018–2027 (USD Million)
9.1.8 France: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.1.8.1 France: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.1.8.2 France: Electrical Stimulation Devices Market , by Device Type, 2018–2027 (USD Millions)
9.1.8.3 France: Electrical Stimulation Devices Market , by Application, 2018–2027 (USD Million)
9.1.9 Spain: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.1.9.1 Spain: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.1.9.2 Spain: Electrical Stimulation Devices Market , by Device Type, 2018–2027 (USD Millions)
9.1.9.3 Spain: Electrical Stimulation Devices Market , by Application, 2018–2027 (USD Million)
9.1.10 Italy: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.1.10.1 Italy: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
9.1.10.2 Italy: Electrical Stimulation Devices Market , by Device Type, 2018–2027 (USD Millions)
9.1.10.3 Italy: Electrical Stimulation Devices Market , by Application, 2018–2027 (USD Million)
10. Impact of COVID-19 Pandemic on Europe Electrical Stimulation Devices Market
10.1 Europe: Impact assessment of COVID-19 Pandemic
11. Company Profiles
11.1 Boston Scientific Corporation
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Medtronic
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Abbott
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 BTL
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 DJO Global, Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe Electrical Stimulation Devices Market , by Device Type – Revenue and Forecast to 2027 (USD Million)
Table 2. Europe Electrical Stimulation Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 3. Europe Electrical Stimulation Devices Market , by Device Type– Revenue and Forecast to 2027 (USD Millions)
Table 4. Europe Electrical Stimulation Devices Market, by Application– Revenue and Forecast to 2027 (USD Million)
Table 5. Germany Electrical Stimulation Devices Market , by Device Type– Revenue and Forecast to 2027 (USD Millions)
Table 6. Germany Electrical Stimulation Devices Market , by Application– Revenue and Forecast to 2027 (USD Million)
Table 7. UK Electrical Stimulation Devices Market , by Device Type– Revenue and Forecast to 2027 (USD Millions)
Table 8. UK Electrical Stimulation Devices Market , by Application– Revenue and Forecast to 2027 (USD Million)
Table 9. France Electrical Stimulation Devices Market , by Device Type– Revenue and Forecast to 2027 (USD Millions)
Table 10. France Electrical Stimulation Devices Market , by Application– Revenue and Forecast to 2027 (USD Million)
Table 11. Spain Electrical Stimulation Devices Market , by Device Type– Revenue and Forecast to 2027 (USD Millions)
Table 12. Spain Electrical Stimulation Devices Market , by Application– Revenue and Forecast to 2027 (USD Million)
Table 13. Italy Electrical Stimulation Devices Market , by Device Type– Revenue and Forecast to 2027 (USD Millions)
Table 14. Italy Electrical Stimulation Devices Market , by Application– Revenue and Forecast to 2027 (USD Million)
Table 15. Glossary of Terms, Electrical Stimulation Devices Market
LIST OF FIGURES
Figure 1. Electrical Stimulation Devices Market Segmentation
Figure 2. Electrical Stimulation Market Segmentation – By Region
Figure 3. Europe Electrical Stimulation Devices Market Overview
Figure 4. The Sacral Nerve Stimulation (SNS) Devices Segment Held Largest Share of Device Type Segment In Electrical Stimulation Devices Market
Figure 5. China is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. Europe PEST Analysis
Figure 7. Europe Electrical Stimulation Devices Market – Revenue Forecast and Analysis – 2019- 2027
Figure 8. Electrical Stimulation Devices Market Revenue Share, by Device Type, 2019 and 2027 (%)
Figure 9. Spinal Cord Stimulation Devices: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (US$ Million)
Figure 10. Deep Brain Stimulation Devices: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. Vagus Nerve Stimulation Devices: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. Sacral Nerve Stimulation (SNS) Devices: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Gastric Electrical Stimulation (GES) Devices: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. Transcutaneous Electrical Nerve Stimulation (TENS) Devices: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. Other Devices: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Electrical Stimulation Devices Market, by Application, 2019 and 2027 (%)
Figure 17. Pain Management: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. Neurological and Movement Disorder Management: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Musculoskeletal Disorder Management: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Metabolism and GIT Management: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Incontinence Management: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Other Applications: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Europe: Electrical Stimulation Devices Market, by Key Country – Revenue (2019) (USD Million)
Figure 24. Europe Electrical Stimulation Devices Market Revenue and Forecast to 2027 (USD Million)
Figure 25. Germany: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 26. UK: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 27. France: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 28. Spain: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 29. Italy: Electrical Stimulation Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 30. Impact of COVID-19 Pandemic in Europe Country Markets
- Boston Scientific Corporation
- Medtronic
- Abbott
- BTL
- DJO Global
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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