Global Electrical Stimulation Devices Market 2017-2021

This market research study identifies Abbott (St. Jude Medical), Boston Scientific, and Medtronic as the leading players in the global electrical stimulation devices market. A comprehensive analysis of this market is also presented by product (implantable ESDs and external ESDs), by application (pain management, musculoskeletal disorders, GIT management, neurological and movement disorders, and incontinence management), by end-users (hospitals, ASCs, clinics, and research institutes), and by geography (the Americas, APAC, and EMEA).

Overview of the global electrical stimulation devices market

Factors such as road traffic accidents (RTAs), falls, sporting accidents, and acts of violence in various parts of the world is driving the incidence of spinal injuries. This will be a major factor in boosting the sales of electrical stimulation devices (ESD). Spinal injuries cause enormous pain in the muscle due to the temporary or permanent loss of sensation of the autonomic nervous system and muscle function. Physicians recommend surgery in adverse conditions, which can cause unbearable postoperative pain. ESD is used for both pre-operative and post-operative conditions for effective pain management. Technavio’s market research analysts predict that this market will grow at a CAGR of close to 6% by 2021.

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Electrical stimulation devices market forecast as per the regions

The demand for ESDs is high in the Americas due to the availability of government insurance plans such as Medicaid and Medicare. Additionally, the presence of key players such as Boston Scientific and Abbott (St. Jude Medical) that manufacture electrical muscle stimulation devices in the region will continue to drive the market’s growth in the Americas throughout the projected period. Furthermore, low taxes on medical devices in the US help these players to price their ESD devices competitively.

Electrical stimulation devices market opportunities for key vendors

The electrical stimulation devices market is fragmented and is characterized by the presence of many global and regional players. These vendors are increasingly focusing on the manufacture of pain management neurostimulator and muscle stimulator devices. The leading manufacturers of ESDs are taking efforts to upgrade device technology and are significantly investing in R&D activities to gain a competitive edge over other vendors. Additionally, they are also trying to increase their sales network and distribution channels by collaborating with regional and small players through mergers and acquisitions. 

Key vendors in the electrical stimulation devices market

• Abbott (St. Jude Medical)

• Boston Scientific

• Medtronic

Electrical stimulation devices market segmentation by application

• Pain management

• Musculoskeletal disorders

• Gastrointestinal tract (GIT) management

• Neurological and movement disorders

• Incontinence management

Transcutaneous electrical nerve stimulation (TENS) is the electrical stimulation that is used for the management of pain. It is extensively used in various healthcare settings such as hospitals and clinics as a non-invasive analgesic technique. It is highly preferred because it can also be self-administered by individuals at home. Physicians increasingly recommend this technique for the management of non-malignant chronic pain.

Electrical stimulation devices market segmentation by end-users

• Hospitals

• ASCs

• Clinics

• Research institutes

Hospitals provide treatment, diagnosis, and surgical interventions for individuals who are suffering from various injuries and severe pain. The hospitals segment will continue to be the largest end-user to the market for the next four years due to the availability of skilled professionals with knowledge and expertise. Furthermore, the increase in healthcare expenditure and technological advancements in both developed and developing countries also drive the adoption of ESDs in hospitals.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?

• What are the key factors driving the global electrical stimulation devices market?

• What are the key market trends impacting the growth of the global electrical stimulation devices market?

• What are the challenges to market growth?

• Who are the key vendors in the global electrical stimulation devices market?

• What are the market opportunities and threats faced by the vendors in the global electrical stimulation devices market?

• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?

• What are the key outcomes of the five forces analysis of the global electrical stimulation devices market?

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