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Global Electrical Stimulation Devices Market 2017-2021


Report Details

Global Electrical Stimulation Devices Market 2017-2021

SKU TCSEPT170867
Category Medical Devices
Publisher Technavio
Pages 77
Published Sep-17
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Description

Technavio Announces the Publication of its Research Report – Global Electrical Stimulation Devices Market 2017-2021

Technavio recognizes the following companies as the key players in the global electrical stimulation devices market: Abbott (St. Jude Medical), Boston Scientific, and Medtronic.

Other Prominent Vendors in the market are: BTL, Cyberonics, DJO Global, ElecteroMedics, NeuroMetrix, Uroplasty, and Zynex.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing research studies on electrical stimulation. Various scientific studies have recognized the effectiveness of ESDs such as regaining and increasing muscle strength and providing pain relief. Over the years there have been dedicated research involving the use of electric current to stimulate the paralyzed muscle that is damaged or disabled. These researches aim to provide greater mobility to the individual being treated for rehabilitation condition or with any neurological disorders. The studies indicate that ESDs restore motor functions. NMES devices have shown its credibility post knee replacement as it prevents decreasing in the muscle strength.”

According to the report, one of the major drivers for this market is Increasing incidence of spinal injuries. The rising incidence of spinal injuries due to road traffic, falls, crashes, and violence in various parts of the world have a positive impact on the sales of ESDs in the global market. Spinal injuries result in temporary or permanent loss of sensation of autonomic nervous system and muscle function. The individual suffers from enormous pain in their muscle at such condition. However, in adverse conditions, surgery is recommended by the physicians for which postoperative pain is equally unbearable and depressing for individuals. The ESD is used for both pre- and post-operative conditions.

Further, the report states that one of the major factors hindering the growth of this market is Intense competition coupled with decreasing profit margin. The global ESDs market is characterized by the presence of several players manufacturing the device, thus leading to intense competition among the players in setting the price. As a result, there is a lower profit margin for ESD. The competition exists based on the design of the device and its manufacturing cost. The local or regional manufacturers offer ESD at a lower cost compared with the global and larger players, which provide a great opportunity for various end-users such as hospitals, ASCs, clinics, and research institutes to choose from the wide variety of products.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Electrical Stimulation Devices (ESDs)

The ESD uses electrotherapy technology that causes muscle contraction with the help of electrical impulses. The device is used to treat muscle weakening when affected by various neurological disorders and injuries. It consists of lead wires and electrodes placed on the skin over the target area. Its function is to activate electrical impulse and transmit a signal to the electrode due to which depolarization of sensory nerves takes place, resulting in pain reduction and improvement of muscular strength.

Technavio’s analysts forecast the global electrical stimulation devices market to grow at a CAGR of 5.83% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global electrical stimulation devices market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Electrical Stimulation Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• Abbott (St. Jude Medical)
• Boston Scientific
• Medtronic

Other prominent vendors
• BTL
• Cyberonics
• DJO Global
• ElecteroMedics (acquired by Medtronic)
• NeuroMetrix
• Uroplasty (merged with Cogentix Medical)
• Zynex

Market driver
• Increasing incidence of spinal injuries
• For a full, detailed list, view our report

Market challenge
• Intense competition coupled with decreasing profit margin
• For a full, detailed list, view our report

Market trend
• Increasing research studies on electrical stimulation
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.


News/Press Release

Table of Content

Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
• Market outline
PART 05: Market landscape
• Market overview
• Market size and forecast
• Five forces analysis
PART 06: Market segmentation by product
• Market overview
• Implantable ESDs
• External ESDs
PART 07: Market segmentation by application
• Market overview
• Pain management
• Musculoskeletal disorders
• GIT management
• Neurological and movement disorders
• Incontinence management
PART 08: Market segmentation by end-users
• Hospitals
• ASCs
• Clinics
• Research institutes
PART 09: Geographical segmentation
• Market overview
• ESDs market in Americas
• ESDs market in EMEA
• ESDs market in APAC
PART 10: Decision framework
PART 11: Drivers and challenges
• Market drivers
• Market challenges
PART 12: Market trends
• Increasing research studies on electrical stimulation
• Technological advancements in stimulation devices
PART 13: Vendor landscape
• Vendor landscape
• Other prominent vendors
PART 14: Key vendor analysis
• Abbott (St. Jude Medical)
• Boston Scientific
• Medtronic
PART 15: Appendix
• List of abbreviations


List of Exhibits
Exhibit 01: Global ESDs market 2016-2021 ($ billions)
Exhibit 02: Five forces analysis
Exhibit 03: Segmentation of global ESDs market by product 2016
Exhibit 04: Global implantable ESDs market 2016-2021 ($ billions)
Exhibit 05: Global external ESDs market 2016-2021 ($ billions)
Exhibit 06: Segmentation of global ESDs market by application 2016
Exhibit 07: Segmentation of global ESDs market by geography 2016 (%)
Exhibit 08: Segmentation of global ESDs market by geography 2021 (%)
Exhibit 09: Overview: ESDs market in US
Exhibit 10: ESDs market in Americas 2016-2021 ($ billions)
Exhibit 11: Overview: ESDs market in Germany
Exhibit 12: ESDs market in EMEA 2016-2021 ($ billions)
Exhibit 13: Overview: ESDs market in Japan
Exhibit 14: ESDs market in APAC 2016-2021 ($ billions)
Exhibit 15: Abbott: Key highlights
Exhibit 16: Abbott: Strength assessment
Exhibit 17: Abbott: Strategy assessment
Exhibit 18: Abbott: Opportunity assessment
Exhibit 19: Boston Scientific: Key highlights
Exhibit 20: Boston Scientific: Strength assessment
Exhibit 21: Boston Scientific: Strategy assessment
Exhibit 22: Boston Scientific: Opportunity assessment
Exhibit 23: Medtronic: Key highlights
Exhibit 24: Medtronic: Strength assessment
Exhibit 25: Medtronic: Strategy assessment
Exhibit 26: Medtronic: Opportunity assessment

Companies Profiled

Abbott (St. Jude Medical), Boston Scientific, Medtronic, BTL, Cyberonics, DJO Global, ElecteroMedics, NeuroMetrix, Uroplasty, and Zynex.

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