Electrical Stimulation Devices Market

Electrical Stimulation Devices Market Outlook (2022-2027)

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.

Report Attributes	Details
Electrical Stimulation Devices Market Size (2022)	US$ 7.5 Billion
Projected Market Value (2027)	US$ 11 Billion
Global Market Growth Rate (2022-2027)	8% CAGR
Market Share of Spinal Cord Stimulation Devices	55%
Key Companies Profiled	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.

Demand Analysis of Electrical Stimulation Devices (2017-2021) Vs. Market Projections (2022-2027)

“Rising Prevalence of Neurological & Lifestyle-related Illnesses across the World”

According to Fact.MR, a market research and competitive intelligence provider, the global electrical stimulation systems market is anticipated to increase at a high-value CAGR of 8% from 2022 to 2027.

Electrical stimulation is a method for triggering muscle contractions. Typically, electrodes that produce electrical impulses are applied to the skin. They aid in lowering acute post-operative pain and swelling, keeping muscle tone, treating chronic intractable pain, relieving spasticity during temporary extremities immobilization, and allowing patients with spinal cord injuries to grab, stand, and walk on their own.

In recent years, electrical stimulation devices have attracted a lot of attention in many fields, including pharmaceuticals, sports medicine, and cosmetics. These tools are becoming more and more popular as cutting-edge, alternative strength training techniques for athletes and as prospective pain management tools for those with musculoskeletal problems.

The muscle stimulation devices market is anticipated to rise due to the rising acceptability of electrical stimulation devices, rising prevalence of neurological illnesses, a growing understanding of the advantages of electrical stimulation devices, and an increase in the number of product launches.

What is Supporting Global Sales of Electrical Stimulation Devices?

“Increasing Demand for Non-invasive Electrotherapy Modalities”

Demand for electrical stimulation techniques for pain rehabilitation and training is significantly rising as more people become aware of their potential and effectiveness. Recent studies and clinical trials into advancing their uses in medical physiology are probably going to gradually broaden market scope.

One of the main drivers propelling the market growth is the increase in neurological and lifestyle-related ailments, as well as the world's rapidly expanding elderly population. Additionally, the market is expanding as a result of patients' rising preference for minimally-invasive operations.

For instance, deep brain stimulation is a minimally-invasive treatment that uses neurostimulation devices to provide electrical signals to a certain area of the brain circuits. Degenerative illnesses such as Parkinson's and Alzheimer's are treated by these treatments.

Many people suffering from crippling neurological and psychological diseases are finding relief because of technological advancements in deep brain stimulation devices. The therapy uses electrical stimulation to promote neuronal function and uses both non-invasive and invasive methods.

Additionally, several market players are concentrating on releasing innovative products that accelerate industry growth. Therefore, as technology advances, current will be sent to the targeted brain targets with greater accuracy, flexibility, and precision.

High uptake of electronic muscle stimulators by athletes is anticipated to fuel market expansion. In gyms and fitness centers, these devices are frequently utilized during warm-up exercises to reduce muscular discomfort after intense exercise.

Devices that manage or suppress pain signals to the brain are known as transcutaneous electrical nerve stimulators. Pain in the upper and lower limbs can be effectively treated using transcutaneous electrical nerve stimulators.

The market is seeing a significant increase in demand for non-invasive electrotherapy modalities such as transcutaneous electrical nerve stimulators due to the rising incidence of chronic pain, accidents, and muscle-related sports injuries. Market growth will be accelerated by the introduction of technologically-advanced devices such as wearable stimulators.

How is Electrical Stimulation Equipment Market Growth Being Restrained?

“Availability of Alternative Stimulation Therapies & Stringent Regulatory Policies”

Lack of usage guidelines, safety issues, and regulatory concerns all restrict the market growth. The demand for ongoing medical supervision to prevent skin problems, bruises, and burns represent another significant barrier to the market expansion for neuromuscular electrical stimulation devices.

Long regulatory processes are delaying the launch of new items, which is slowing the market expansion. Market expansion is expected to be constrained by higher implant costs, strict rules for product approvals, the lack of skilled professionals, and the high cost of physiotherapy sessions.

Customers are being enticed to choose alternative stimulation therapies such as yoga, acupuncture, and aromatherapy due to the high expense of muscle stimulators. In addition, the absence of standards for the use of muscle stimulators is causing more people to turn to alternative treatments. The adoption of alternative remedies is restraining the demand for electrical stimulation devices.

How are Emerging Market Players Making a Mark in This Space?

“New Market Players Concentrating on Introduction of New Therapeutic Techniques”

New companies are increasing their R&D spending to produce innovative products and new therapeutic techniques. Modern devices can reduce pain due to the development of innovative technologies.

• California-based start-up Evolution Devices, Inc. offers a wearable and simple-to-use device called The EvoWalk. Small sensors are included in a 'non-intrusive sleeve' that is wrapped around a person's leg and used to examine their walking patterns. The sleeve then makes use of machine learning and AI to develop a customized stimulation algorithm that is calibrated to stimulate their muscles and make them walk more effectively.

Why Do Electrical Stimulation Device Companies Primarily Focus on North America?

“Presence of Reputed Medical Device & MedTech in North America”

North America accounts for the highest share in the electrical stimulation systems market because of the high incidence of chronic diseases, recent developments in stimulation devices, and the existence of reputed medical device and MedTech companies.

Growing government investments in the healthcare sector, increasing use of spinal cord stimulation devices in home healthcare settings, and rising acceptance of advanced medical device technologies by healthcare providers are the factors driving the market expansion in North America.

Country-wise Insights

What is the U.S. Market Stance for Electrical Stimulation Devices?

“Rising Utilization of Functional Electrical Stimulation Devices in the U.S.”

The U.S. is expected to dominate the global electrical stimulation products market during the anticipated period due to the rising incidence of spinal cord injuries, increased public awareness of non-Invasive ultrasound stimulation techniques, and the presence of significant manufacturers of electrical muscle stimulation devices.

The presence of advanced healthcare infrastructure, growing sales of transcutaneous electrical nerve stimulators, rising utilization of functional electrical stimulation devices, growing awareness among patients about the usage of cranial electrotherapy stimulation devices, and rising adoption of wireless muscle stimulators are driving the market growth in the U.S.

How are Sales of Electrical Stimulation Devices Faring in China?

“Growing Acceptance of Pain Management Therapies in China”

The China electrical stimulation devices market is anticipated to increase at a CAGR of 8.5% from 2022 to 2027. The market in China is likely to be driven by increased spending on medical advancements and supportive government policies and initiatives.

Main factors driving market expansion include expanding demand for vagus nerve stimulation devices and electric stimulation therapy machines, rising consciousness of health and fitness, rising acceptance of pain management therapies, and rising use of smart devices for maintaining health.

Category-wise Insights

Why is Demand for Spinal Cord Stimulation Devices Gaining Traction?

“Rapid Deployment of Spinal Cord Stimulation Devices to Treat Non-malignant Chronic Neuropathic Pain”

Based on device, the electrical stimulation devices market is divided into deep brain stimulation (DBS) devices, vagus nerve stimulation (VNS) devices, sacral nerve stimulation (SNS) devices, spinal cord stimulation (SCS) devices, and others.

Spinal cord stimulation devices account for 55% share of the global market due to the extensive range of product applications and strong market penetration of commercially available devices. Spinal cord stimulators are used to treat non-malignant chronic neuropathic pain.

By blocking the pain signal from reaching your brain, spinal cord stimulation devices help to lessen the discomfort brought on by electrical pulses. The demand for spinal cord stimulation devices has been sparked by the cost-effectiveness of these devices, particularly when compared to traditional medical treatments.

Which End User Makes High Use of Electrical Stimulation Devices?

“Growing Usage of Innovative Equipment & Techniques in Hospitals”

Based on end user, the electrical stimulation devices market is classified into hospitals, ambulatory surgical centers, and others.

Hospitals are predicted to hold the highest market share over the forecast period due to the rise in the hospitalization of patients with spinal cord injuries or muscle weakness as well as the expansion of inpatient and outpatient treatments offered by hospitals.

High demand for electrical stimulation devices in hospitals is attributed to the increased incidence of neurological ailments and superior access to cutting-edge technologies and patient care. The use of innovative equipment and techniques in hospitals aids in improving diagnostic accuracy.

Increased government and insurance company initiatives to enhance reimbursement practices are promoting the use of electrical stimulation devices in hospitals.

Competitive Landscape

Manufacturers of electrical stimulation devices are making significant investments and introducing new solutions in collaboration with other businesses to strengthen their positions in the global market. Key companies frequently use product releases and approval methods to extend their global footprint and product portfolio to meet rising market demand.

For instance :

• A compact muscle stimulator called 'OA Reaction' from DJO Global was introduced to help persons with joint diseases manage their pain. Three distinct technologies, including Web Tech, Boa Tech, and Exos Tech, are included in the product.

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