As per a new Fact.MR analysis, the global electrical stimulation devices are anticipated to increase at a noteworthy CAGR of 8% from 2022 to 2027. At present, the global electrical stimulation devices market is valued at US$ 7.5 billion and is projected to reach a market size of US$ 11 billion by 2027.
The use of spinal cord stimulation devices is projected to increase at a CAGR of 8.2% through 2027. Rising prevalence of severe lower back pain, increasing rates of degenerative disc disorders in older people, and the ability of these devices to lessen pain and enhance movement & sleep are the major factors driving demand for spinal cord stimulation devices across the world.
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Market Players: –
- MYOLYN
- RS Medical
- Nevro Corp.
- Zynex Medical
- Abbott Laboratories
- Boston Scientific Corporation
- BTL Industries, Inc.
- Cogentix Medical, Inc.
- Cyberonics, Inc.
- DJO Global, Inc.
- Medtronic PLC
- NeuroMetrix, Inc.
The examiners have utilized various vast conspicuous business knowledge devices to unite realities, figures, and market information into income assessments and projections in the Market.
Key partners in Market including industry players, policymakers, and financial backers in different nations have been persistently realigning their systems and ways to deal with carry out them to take advantage of new open doors. Numerous lately have updated their procedures to stay coordinated in the setting of overall disturbances brought about by the COVID-19 pandemic.
Segmentation of Electrical Stimulation Devices Industry Research
- By Device :
- Spinal Cord Stimulation (SCS) Devices
- Deep Brain Stimulation (DBS) Devices
- Vagus Nerve Stimulation (VNS) Devices
- Sacral Nerve Stimulation (SNS) Devices
- Others
- By Application :
- Pain Management
- Neurological & Movement Disorder Management
- Musculoskeletal Disorder Management
- Metabolism & GIT Management
- Others
- By End User :
- Hospitals
- Ambulatory Surgical Centers
- Others
- By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
What Do You Get in a Fact.MR Study?
- Factors affecting the overall development of the global Electrical Stimulation Devices Market
- Factor that might restrain the growth of the global market in the coming years of the forecast period.
- What is present competitive scenario of the global Electrical Stimulation Devices Market and its intricate details concerning potential business prospects of leading market players
- Pricing strategies of several different market players in the global Electrical Stimulation Devices Market
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
How Fact.MR Assists in Making Strategic Moves?
The data provided in the Electrical Stimulation Devices Market report offers a comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.