Global Electrical Stimulation Devices (ESDs) Market: Overview
Electrical stimulation devices (ESDs) in recent years have garnered wide attention in a variety of areas such as therapeutics, sports medicine, and cosmetics. These devices are gaining increasing acceptance as modern, complementary strength training methods for athletes and as potential methods for pain management in patients with musculoskeletal injuries. Compared to other traditional technologies, ESDs are also proving to be promising as rehabilitation tool in physiotherapy world over. Apart from this, ESDs are soaring in popularity in esthetics. ESDs work by electrically stimulating and contracting muscles with the use of electric impulses. In various regions, the scope of these devices is generating widespread interest among patient populations needing physiotherapies to manage chronic pain and among athletes to achieve specific training goals.
The growing awareness of the potential and the efficacy of electrical stimulation methods for pain recovery and training, notably in developing and developed countries, is noticeably boosting their demand. Recent research and clinical trials into developing their applications in medical physiology are likely to steadily expand the horizon of the market.
The global electrical stimulation devices market stood at US$3.8 billion in 2014 and projected to reach a worth of US$6.5 billion by 2023 end. The market is projected to clock 6.0% CAGR during the forecast period of 2015–2023.
Uptake for Managing Neurological and Mobility-related Disorders to Rise Substantially
The broad areas of applications of electrical stimulation devices are neurological and movement disorder management, musculoskeletal disorders management, pain management, metabolism and GIT management, incontinence management, and the others segment, mainly consisting of aesthetics, training, and cosmetics. Of all the segments, pain management held the major share in global market in 2014, accounting for 53.4% share, and is anticipated to retain its dominance throughout the assessment period. This will be largely attributed to a widespread demand for ESDs as therapeutics for pain management among populations world over. A rising geriatric population and a substantially rising patient pool for chronic pain are notable factors likely to sustain an extensive demand for ESDs for pain management in the coming years. The marked efficacy of ESDs in managing low back pain and spinal injuries is bolstering demand.
However, the noticeably rising application of ESD in neurological and movement disorder management segment will contribute to the leading pace of the growth of this segment. The segment is projected to rise at an impressive CAGR of 7.40% during the forecast period, fueled by vastly rising demand for ESDs.
Major types of ESDs use are spinal cord stimulation devices, transcutaneous electrical nerve stimulation devices, deep brain stimulation devices, gastric electric stimulation devices, vagus nerve stimulation devices, sacral nerve stimulation devices, neuromuscular electrical stimulation (NMES/EMS) devices, combination devices, electrotherapy devices, trigeminal nerve stimulation (TNS) devices, and transcranial magnetic stimulation (TMS) devices.
Extensively Rising Applications in Pain Management in Asia Pacific Account for its Prominence
The various regional market of ESDs are Asia Pacific, the Middle East and Africa, North America, Europe, among Latin America. Of these, North America leads the pack. In 2014, it accounted for the leading global share of 43.5% and contributed a substantial revenue of US$1.6 billion in the same year. The regional market is expected to hold its sway in the coming years as well, driven by the notably rising burden of various diseases caused by lifestyle actors and the growing prevalence of sports injuries. The rise in geriatric population suffering from chronic pain and other indications. The presence of a robust healthcare system in the region will also bolster the uptake during the assessment period.
Howbeit, Asia Pacific is expected to experience significant strides in the uptake of ESDs for various applications. The regional market is anticipated to rise at the leading 6.90% CAGR from 2015 to 2023. The rapidly rising elderly populations and the marked prevalence of various types of pain are crucial factors likely to support a swift uptake of ESDs in this region. Furthermore, a rapidly rising case of neurological disorders and a promising life expectancy of populations in numerous countries in the region are significant factors fueling the demand for ESDs in Asia Pacific.
Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Methodology
1.4 Assumptions
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Electrical Stimulation Devices Market (2014 & 2023)
2.2 Comparative Analysis: Global Electrical Stimulation Devices Market, by Geography, 2014 & 2023 (Value %)
Chapter 3 Global Electrical Stimulation Devices Market Overview
3.1 Market Dynamics and Overview
3.2 Market Drivers
3.2.1 Escalating Prevalence of Chronic Medical Conditions Expected to Drive Market Growth
3.2.2 Increasing Geriatric Population and Changing Demographics Likely to Support the Growth of ESDs Market
3.2.2.1 Percentage of Population (for U.S., China, Japan, and India) over the age of 65: 1980 – 2050
3.2.2.2 Global Percentage Change in the World’s Population by Age: 2010 – 2050
3.2.3 Novel technologies and products to fuel the growth of Electrical Stimulation Devices market
3.3 Market Restraints
3.3.1 Presence of alternative treatment therapies and low endorsement from regulatory bodies might impede the growth of the market
3.3.2 Risks Associated with Implant Procedures
3.4 Market Opportunities
3.4.1 Increasing Disposable Income and Growing Patient Pool in Emerging Markets
3.5 Porter’s Five Forces Analysis: Global Electrical Stimulation Devices Market
3.5.1 Bargaining Power of Suppliers
3.5.2 Bargaining Power of Buyers
3.5.3 Threat of substitutes
3.5.4 Threat of New Entrants
3.5.5 Competitive Rivalry
3.6 Market Attractiveness Analysis: Global Electrical Stimulation Devices Market, by Geography
3.7 Market Share Analysis: Global Electrical Stimulation Devices Market, by Key Players, 2014
Chapter 4 Global Electrical Stimulation Devices Market, by Device Type
4.1 Overview
4.1.1 Global Electrical Stimulation Devices Market Revenue, by Device Type, 2013–2023 (USD Million)
4.2 Spinal Cord Stimulation (SCS) Devices
4.2.1 Global Spinal Cord Stimulation (SCS) Devices Market Revenue, 2013–2023 (USD Million)
4.3 Deep Brain Stimulation (DBS) Devices
4.3.1 Global Deep Brain Stimulation (DBS) Devices Market Revenue, 2013–2023 (USD Million)
4.4 Vagus Nerve Stimulation (VNS) Devices
4.4.1 Global Vagus Nerve Stimulation (VNS) Devices Market Revenue, 2013–2023 (USD Million)
4.5 Sacral Nerve Stimulation (SNS) Devices
4.5.1 Global Sacral Nerve Stimulation (VNS) Devices Market Revenue, 2013–2023 (USD Million)
4.6 Gastric Electrical Stimulation (GES) Devices
4.6.1 Global Gastric Electrical Stimulation (GES) Devices Market Revenue, 2013–2023 (USD Million)
4.7 Transcutaneous Electrical Nerve Stimulation (TENS) Devices
4.7.1 Global Transcutaneous Electrical Nerve Stimulation (TENS) Devices Market Revenue, 2013–2023 (USD Million)
4.8 Neuromuscular Electrical Stimulation (NMES/EMS) Devices
4.8.1 Global Neuromuscular Electrical Stimulation (NMES/EMS) Devices Market Revenue, 2013–2023 (USD Million)
4.9 Other Electrical Stimulation Devices (Electrotherapy Devices, Combination Devices, TNS, TMS, etc.)
4.9.1 Global Other Electrical Stimulation Devices Market Revenue, 2013–2023 (USD Million)
Chapter 5 Global Electrical Stimulation Devices Market, by Application
5.1 Overview
5.1.1 Global Electrical Stimulation Devices Market Revenue, by Application, 2013–2023 (USD Million)
5.2 Pain Management
5.2.1 Global Electrical Stimulation Devices (ESDs) Market Revenue in Pain Management, 2013–2023 (USD Million)
5.3 Neurological and Movement Disorder Management
5.3.1 Global Electrical Stimulation Devices (ESDs) Market Revenue in Neurological and Movement Disorder Management, 2013–2023 (USD Million)
5.4 Musculoskeletal Disorder Management
5.4.1 Global Electrical Stimulation Devices (ESDs) Market Revenue in Musculoskeletal Disorder Management, 2013–2023 (USD Million)
5.5 Metabolism & GIT Management
5.5.1 Global Electrical Stimulation Devices (ESDs) Market Revenue in Metabolism & GIT Management, 2013–2023 (USD Million)
5.6 Incontinence Management
5.6.1 Global Electrical Stimulation Devices (ESDs) Market Revenue in Incontinence Management, 2013–2023 (USD Million)
5.7 Others (esthetics, training, wound healing, cosmetics, etc.)
5.7.1 Global Electrical Stimulation Devices (ESDs) Market Revenue in Other Applications, 2013–2023 (USD Million)
Chapter 6 Global Electrical Stimulation Devices Market, By Geography
6.1 Overview
6.1.1 Global Electrical Stimulation Devices Market Revenue, by Geography, 2013–2023 (USD Million)
6.2 North America
6.2.1 North America Electrical Stimulation Devices Market Revenue, by Country, 2013–2023 (USD Million)
6.3 Europe
6.3.1 Europe Electrical Stimulation Devices Market Revenue, by Country, 2013–2023 (USD Million)
6.4 Asia Pacific
6.4.1 Asia Pacific Electrical Stimulation Devices Market Revenue, by Country, 2013–2023 (USD Million)
6.5 Latin America (LATAM)
6.5.1 Latin America Electrical Stimulation Devices Market Revenue, by Country, 2013–2023 (USD Million)
6.6 Middle East & Africa (MEA)
6.6.1 MEA Electrical Stimulation Devices Market Revenue, by Country, 2013–2023 (USD Million)
Chapter 7 Recommendations
Chapter 8 Company Profiles
8.1 Boston Scientific Corporation
8.1.1 Company Profile
8.1.2 Financial Overview
8.1.3 Product Portfolio
8.1.4 Business Strategies
8.1.5 Recent Developments
8.2 BTL Industries, Inc.
8.2.1 Company Overview
8.2.2 Financial Overview
8.2.3 Product Portfolio
8.2.4 Business Strategies
8.2.5 Recent Developments
8.3 Cyberonics, Inc.
8.3.1 Company Overview
Financial Overview
8.3.3 Product Portfolio
8.3.4 Business Strategies
8.3.5 Recent Developments
8.4 DJO Global, Inc.
8.4.1 Company Overview
8.4.2 Financial Overview
8.4.3 Product Portfolio
8.4.4 Business Strategies
8.4.5 Recent Developments
8.5 Medtronic plc
8.5.1 Company Overview
8.5.2 Financial Overview
8.5.3 Product Portfolio
8.5.4 Business Strategies
8.5.5 Recent Developments
8.6 Nevro Corporation
8.6.1 Company Overview
8.6.2 Financial Overview
8.6.3 Product Portfolio
8.6.4 Business Strategies
8.6.5 Recent Developments
8.7 NeuroMetrix, Inc.
8.7.1 Company Overview
8.7.2 Financial Overview
8.7.3 Product Portfolio
8.7.4 Business Strategies
8.7.5 Recent Developments
8.8 St. Jude Medical, Inc.
8.8.1 Company Overview
8.8.2 Financial Overview
8.8.3 Product Portfolio
8.8.4 Business Strategies
8.8.5 Recent Developments
8.9 Uroplasty, Inc. (Cogentix Medical)
8.9.1 Company Overview
8.9.2 Financial Overview
8.9.3 Product Portfolio
8.9.4 Business Strategies
8.9.5 Recent Development
8.10 Zynex, Inc.
8.10.1 Company Overview
8.10.2 Financial Overview
8.10.3 Product Portfolio
8.10.4 Business Strategies
8.10.5 Recent Developments
List of Tables
TABLE 1 Market Snapshot: Global Electrical Stimulation Devices Market (2014 & 2023)
TABLE 2 Global Electrical Stimulation Devices Market Revenue, by Device Type, 2013–2023 (USD Million)
TABLE 3 Global Electrical Stimulation Devices Market Revenue, by Application, 2013–2023 (USD Million)
TABLE 4 Global Electrical Stimulation Devices Market Revenue, By Geography, 2013–2023 (USD Million)
TABLE 5 North America Electrical Stimulation Devices Market Revenue, by Country, 2013–2023 (USD Million)
TABLE 6 Europe Electrical Stimulation Devices Market Revenue, by Country, 2013–2023 (USD Million)
TABLE 7 Asia Pacific Electrical Stimulation Devices Market Revenue, by Country, 2013–2023 (USD Million)
TABLE 8 Latin America Electrical Stimulation Devices Market Revenue, by Country, 2013–2023 (USD Million)
TABLE 9 MEA Electrical Stimulation Devices Market Revenue, by Country, 2013–2023 (USD Million
List of Figures
FIG. 1 Global Electrical Stimulation Devices Market Segmentation
FIG. 2 Global Electrical Stimulation Devices Market, by Device Type, 2014 (USD Million)
FIG. 3 Global Electrical Stimulation Devices Market, by Application, 2014 (USD Million)
FIG. 4 Comparative Analysis: Global Electrical Stimulation Devices Market, by Geography, 2014 & 2023 (Value %)
FIG. 5 Electrical Stimulation Devices Market, Drivers and Restraints
FIG. 6 Percentage of Population (for U.S., China, Japan, and India) over the age of 65: 1980 – 2050
FIG. 7 Global Percentage Change in the World’s Population by Age: 2010 – 2050
FIG. 1 Porter’s Five Forces Analysis for the Global Electrical Stimulation Devices Market
FIG. 2 Market Attractiveness Analysis: Global Electrical Stimulation Devices Market, by Geography
FIG. 3 Market Share Analysis: Global Electrical Stimulation Devices Market, by Key Players, 2014 (Value %)
FIG. 4 Global Spinal Cord Stimulation (SCS) Devices Market Revenue, 2013–2023 (USD Million)
FIG. 5 Global Deep Brain Stimulation (DBS) Devices Market Revenue, 2013–2023 (USD Million)
FIG. 6 Global Vagus Nerve Stimulation (VNS) Devices Market Revenue, 2013–2023 (USD Million)
FIG. 7 Global Sacral Nerve Stimulation (VNS) Devices Market Revenue, 2013–2023 (USD Million)
FIG. 8 Global Gastric Electrical Stimulation (GES) Devices Market Revenue, 2013–2023 (USD Million)
FIG. 9 Global Transcutaneous Electrical Nerve Stimulation (TENS) Devices Market Revenue, 2013–2023 (USD Million)
FIG. 10 Global Neuromuscular Electrical Stimulation (NMES/EMS) Devices Market Revenue, 2013–2023 (USD Million)
FIG. 11 Global Other Electrical Stimulation Devices Market Revenue, 2013–2023 (USD Million)
FIG. 12 Global Electrical Stimulation Devices Market Revenue in Pain Management, 2013–2023 (USD Million)
FIG. 13 Global Electrical Stimulation Devices (ESDs) Market Revenue in Neurological and Movement Disorder Management, 2013–2023 (USD Million)
FIG. 14 Global Electrical Stimulation Devices (ESDs) Market Revenue in Musculoskeletal Disorder Management, 2013–2023 (USD Million)
FIG. 15 Global Electrical Stimulation Devices (ESDs) Market Revenue in Metabolism & GIT Management, 2013–2023 (USD Million)
FIG. 16 Global Electrical Stimulation Devices (ESDs) Market Revenue in Incontinence Management, 2013–2023 (USD Million)
FIG. 17 Global Electrical Stimulation Devices (ESDs) Market Revenue in Other Applications, 2013–2023 (USD Million)
FIG. 18 Boston Scientific Corporation: Annual Revenue, 2012 – 2014 (USD Million)
FIG. 19 Cyberonics, Inc.: Annual Net Sales, 2012 – 2014 (USD Million)
FIG. 20 DJO Global, Inc.: Annual Revenue, 2012 – 2014 (USD millions)
FIG. 21 Medtronic plc: Annual Revenue, 2012 – 2014 (USD Million)
FIG. 22 Nevro Corporation: Annual Revenue, 2012 – 2014 (USD Million)
FIG. 23 NeuroMetrix, Inc.: Annual Revenue, 2012 – 2014 (USD Million)
FIG. 24 St. Jude Medical, Inc.: Annual Revenue, 2012 – 2014 (USD Million)
FIG. 25 Cogentix Medical: Annual Revenue, 2012 – 2014 (USD Million)
FIG. 26 Zynex, Inc. : Annual Revenue, 2012 – 2014 (USD Million)
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Electrical Stimulation Devices (ESDs) Market
*86 figures and 60 tables includes