Exploring Key Insights of the Electrical Stimulation Devices Market: Growth Prospects, Emerging Trends, and Opportunities
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How has the electrical stimulation devices market grown over the years?
The market size of electrical stimulation devices has seen robust growth in the past few years. The market, which was worth $7.75 billion in 2024, is predicted to increase to $8.5 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.6%. Factors contributing to this growth during the historical period include applications in sports and fitness, a move towards non-invasive treatments, clinical validation, increasing chronic health conditions, and regulatory backing.
What Is the forecasted market size and growth rate for the electrical stimulation devices market?
The market for electrical stimulation devices is forecast to experience robust expansion in the coming years, reaching a value of $12.33 billion by 2029 with a compound annual growth rate (CAGR) of 9.8%. This anticipated growth can be attributed to factors such as trends in aging populations, rising prevalence of chronic health conditions, broadening clinical validation, favorable regulatory conditions, increasing emphasis on mental health, and a growing focus on preemptive healthcare. The forecast period will also see trends such as enhanced regulatory backing and reimbursement policies, an increase in chronic health conditions, expanded clinical research and evidence, a movement toward non-invasive treatments, and growth in sports and fitness applications.
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What are the major factors driving growth in the electrical stimulation devices market?
The electrical stimulation devices market is predicted to expand with the growing occurrence of muscle disorders. Such ailments are characterized by genetically inherited conditions leading to muscle weakness over time. Despite a functional nervous system, these disorders could result in weakness or even paralysis. Electrical stimulation devices are beneficial as they help mitigate muscle weakness by inducing controlled and comfortable muscle contraction through skin electrodes and a portable stimulator. To illustrate, the Australian Institute of Health and Welfare disclosed in June 2024 that about 7.3 million Australians (29%) were estimated to have chronic musculoskeletal conditions in 2022. Out of these, 4.0 million (16%) endured back problems, 3.7 million (15%) had arthritis, and roughly 854,000 (3.4%) suffered from osteoporosis or osteopenia. Consequently, the rising incidence of muscle disorders is driving the growth of the electrical stimulation devices market.
What key areas define the segmentation of the global electrical stimulation devices Market?
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
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What are the top market players propelling the growth of the electrical stimulation devices industry?
Major companies operating in the electrical stimulation devices market include Boston Scientific Corporation, Abbott Laboratories, DJO Global Inc., BTL Corporate Inc., Nevro Corp., NeuroMetrix Inc., Zynex Inc., BioMedical Life Systems, RS Medical, Biotronik Inc., CU Medical System Inc., Beijing Pins Medical Co.Ltd., MicroPort Scientific Corporation, Koninklijke Philips N.V, Bioinduction Ltd., Soterix Medical Inc., Medtronic plc, MYOLYN, Cogentix Medical Inc., Cyberonics Inc., Stimwave Technologies, EndoStim Inc., SPR Therapeutics, Nuvectra Corporation, ElectroCore Inc., Axonics Modulation Technologies Inc., Inspire Medical Systems Inc., Second Sight Medical Products Inc., Cochlear Limited
What are the key trends shaping the future of the electrical stimulation devices market?
Advancements in technology are becoming a considerable trend in the electrical stimulation market. Major players in the market are launching high-tech, FDA-approved devices for electrical stimulation aiming at superior patient treatments. For example, Abbott Laboratories, an American medical device corporation dealing in electric stimulation devices, declaimed in August 2022 that they received US FDA approval for Proclaim Plus. This state-of-the-art spinal cord stimulation device, based on FlexBurst360 therapy, is the newest version of BurstDR stimulation therapy. It provides extensive myotomal coverage at lower amplitudes than single-area stimulation, offering personalized pain relief for various painful ailments, and broadening the spectrum of possible therapies.
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What regions are dominating the electrical stimulation devices market growth?
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
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