Electrical Stimulation Devices Growth Forecast 2025-2034: Trends, Opportunities, and Key Insights You Need to Know
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What is the Predicted Annual Growth Rate of the Electrical Stimulation Devices Market Over the Coming Decade?
In recent times, the market size of electrical stimulation devices has witnessed robust growth. It is projected to expand from $7.75 billion in 2024 to $8.5 billion in 2025, growing at a compound annual growth rate (CAGR) of 9.6%. Factors such as adoption in sports and fitness regimes, preference for non-invasive treatments, clinical endorsements, increasing chronic health issues, and regulatory backing have contributed to the growth observed in the historic period.
The market for electrical stimulation devices is projected to witness robust growth in the coming years, reaching a value of $12.33 billion by 2029, with a compound annual growth rate (CAGR) of 9.8%. Factors contributing to this growth during the forecast period include aging demographics, an increase in chronic diseases, wider validation of clinical studies, a supportive regulatory landscape, mental health awareness, and a greater emphasis on preventative health care. Key trends expected during the forecast period involve regulatory backing and reimbursement policies, the rise in chronic health issues, clinical research and supporting data, a move towards less invasive treatments, and a growing usage in sports and fitness.
What Are the Primary Drivers Supporting the Growth of the electrical stimulation devices Market?
The escalating prevalence of muscle conditions is projected to drive the growth of the electrical stimulation devices market. Muscle disorders, which are genetically inherited diseases, progressively lead to muscle weakness. These disorders can induce weakness or paralysis even when the nervous system is not damaged. Electrical stimulation devices are designed to lessen muscle weakness by producing a comfortable, controlled muscular contraction using skin electrodes and a portable stimulator. As an example, in June 2024, the Australian Institute of Health and Welfare, a government agency in Australia, reported that approximately 7.3 million Australians (29%) were likely living with chronic musculoskeletal conditions in 2022. Of them, 4 million (16%) were dealing with back issues, 3.7 million (15%) were dealing with arthritis, and 854,000 (3.4%) were suffering from osteoporosis or osteopenia. Therefore, the rising prevalence of muscle conditions is subsequently driving the growth of the electrical stimulation devices market.
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Who Are the Top Companies Driving Innovation and Growth in the Electrical Stimulation Devices Market?
Major companies operating in the electrical stimulation devices market include:
• Boston Scientific Corporation_x000D_
• Abbott Laboratories_x000D_
• DJO Global Inc._x000D_
• BTL Corporate Inc._x000D_
• Nevro Corp._x000D_
What Key Trends Are Currently Impacting the Electrical Stimulation Devices Market’s Development?
The emergence of technological innovations is a prominent trend that’s catching on in the electrical stimulation market. Leading market entities are unveiling technologically sophisticated and FDA-approved electrical stimulation devices for improved patient treatment. For example, Abbott Laboratories, an American medical device company engaged in electrical stimulation devices, disclosed in August 2022 that the US FDA had granted approval to Proclaim Plus, a new high-tech spinal cord stimulation gadget based on FlexBurst360 therapy. This advanced generation of BurstDR stimulation therapy offers wider myotomal coverage at reduced amplitudes than single-area stimulation and personalized pain alleviation for multiple painful conditions, broadening the scope of therapy options.
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What Are the Key Components of the Electrical Stimulation Devices Market, and How Do Its Segments Perform?
The electrical stimulation devices market covered in this report is segmented –
1) By Device Type: Deep Brain Stimulation Devices, Neuromuscular Electrical Stimulation Devices, Sacral Nerve Stimulation Devices, Spinal Cord Stimulation Devices, Other Devices
2) By Application: Pain Management, Neurological And Movement Disorder Management, Musculoskeletal Disorder Management, Metabolism And GIT Management, Other Applications
3) By End User: Hospitals, Ambulatory Surgical Centers, Other End Users
Subsegments:
1) By Deep Brain Stimulation Devices: Implantable Pulse Generators, Electrodes, Accessories
2) By Neuromuscular Electrical Stimulation Devices: Transcutaneous Electrical Nerve Stimulators (TENS), Functional Electrical Stimulation (FES) Devices, Surface Electrode Systems
3) By Sacral Nerve Stimulation Devices: Implanted Pulse Generators, Leads, External Testing Devices
4) By Spinal Cord Stimulation Devices: Implantable Pulse Generators, Leads, Battery Systems
5) By Other Devices: Vagus Nerve Stimulation Devices, Peripheral Nerve Stimulation Devices, Cochlear Implants
Which Geographical Regions Are Pioneering Growth in the Electrical Stimulation Devices Market?
North America was the largest region in the electrical stimulation devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the electrical stimulation devices market report during the forecast period. The regions covered in the electrical stimulation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
How Do Experts Define the Scope of the Electrical Stimulation Devices Market?
Electrical stimulation devices are modest electrical devices attached to the skin with electrodes and worn externally by patients used for lowering acute post-operative pain and swelling, treating chronic intractable pain. It is a device use to emit gentle electrical pulses through the skin useful in treating a variety of nerve and musculoskeletal pain disorders.
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