Electrical Stimulation Devices Market - Growth, Trends, and Forecast (2020 - 2025)
|出版商||Mordor Intelligence LLP||商品編碼||921961|
|出版日期||內容資訊||英文 112 Pages
|全球電刺激設備市場:成長，趨勢，及預測 Electrical Stimulation Devices Market - Growth, Trends, and Forecast (2020 - 2025)|
|出版日期: 2020年01月01日||內容資訊: 英文 112 Pages||
The Electrical Stimulation Devices market studied is anticipated to grow with a CAGR of 9.5%, during the forecast period. The major factors attributing to the growth of the electrical stimulation devices market are the growing incidence of spinal injury triggered by accidents, violence or falling anticipated to boost the demand for spinal surgery, which is assessed to upsurge the market growth for electrical stimulation devices. As per the NINDS (NATIONAL INSTITUTE OF NEUROLOGICAL DISORDERS AND STROKES) 2019 factsheet, there are around 12,000 estimated spinal cord injuries in the United States each year. Falls are the world's second primary cause of unintentional or accidental fatalities from injuries. According to the WHO (WORLD HEALTH ORGANIZATION) 2018 data every year there are 37.3 million cases that are serious enough to require medical care and around 646,000 people die globally each year from falls which are expected to further boost the demand for electrical stimulation devices for treatment.
Electrical stimulation (ES) treatment requires the use of electrodes for the transmission of electrical current to affected areas of the body. ES is used for comforting and contraction in the neuromuscular and wound healing. Basically, electrical stimulators are being used to treat muscle spasms as a result of wounds or neurological ailments.
Pain Management is Expected to Hold the Largest Market Share in the Electrical Stimulation Devices Market
North America Dominates the Market and Expected to do Same in the Forecast Period
North America is expected to dominate the overall electrical stimulation devices market, throughout the forecast period. This is owing to factors such as the rising prevalence of chronic disorders. An estimated 45 percent or about 33 million Americans were diagnosed with at least one chronic disease, according to the National Center for Biotechnology Information (NCBI), March 2018. According to 2016 figures from CDC (Centers for Disease Control and Prevention), 50 million U.S. citizens, or just over 20 percent of adults, are dealing with chronic pain which is further expected to upsurge the demand of stimulator devices in coming years.
The electrical stimulation devices market is moderately competitive and consists of a few major players. In terms of market share, the market is currently dominated by a few of the major players. Some leading players are making intensive investments and launching new products with the other organizations to expand their global market positions. Some of the companies which are currently dominating the market are Medtronic plc, Boston Scientific Corporation, Abbott Laboratories, BTL Corporate, and DJO Global, Inc.