Global Cranial & Auricular Electrotherapy Stimulation Devices Market will grow at a CAGR of 6.2%

Global Cranial & Auricular Electrotherapy Stimulation Devices Market will grow at a CAGR of 6.2% during the forecast period of 2022-2027. The rise in demand for Cranial & Auricular Electrotherapy Stimulation Devices is primarily due to the rising prevalence of various mental and psychiatric disorders, increase in chronic pain cases across the globe, increasing insomnia among the population. Moreover, the rise in research and development investment by key manufacturers along with various ongoing clinical trials for device development are other factors expected to boost the market for cranial & auricular electrotherapy stimulation devices.

Cranial & Auricular Electrotherapy Stimulation Devices Overview
Cranial & Auricular Electrotherapy Stimulation Devices are the devices that deliver weak electrical pulses to the scalp or ear lobes for treating various diseases such as chronic pain, depression, anxiety among others.

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Recent Developmental Activities in the Cranial & Auricular Electrotherapy Stimulation Devices Market:
• In March 2019, Innovative Neurological Devices LLC received FDA approval for Cervella Cranial Electrotherapy Stimulator (CES) indicated for the treatment of insomnia, depression, or anxiety.

Key Takeaways from the Cranial & Auricular Electrotherapy Stimulation Devices Market Report Study
• Cranial & Auricular Electrotherapy Stimulation Devices Market size analysis for current market size (2021), and market forecast for 5 years (2022-2027)
• The effect of the COVID-19 pandemic on this market is significant. To capture and analyze suitable indicators, our experts are closely watching the Cranial & Auricular Electrotherapy Stimulation Devices market.
• Top key product/services/technology developments, merger, acquisition, partnership, joint venture happened for last 3 years
• Key companies dominating the Global Cranial & Auricular Electrotherapy Stimulation Devices Market.
• Various opportunities available for the other competitor in the Cranial & Auricular Electrotherapy Stimulation Devices Market space.
• What are the top-performing segments in 2021? How these segments will perform in 2027.
• Which are the top-performing regions and countries in the current market scenario?
• Which are the regions and countries where companies should have concentrated on opportunities for Cranial & Auricular Electrotherapy Stimulation Devices market growth in the coming future?

Cranial & Auricular Electrotherapy Stimulation Devices Market
It is projected to expand at a significant CAGR forecast till 2027 owing to rising prevalence of mental & psychiatric disorders and growing demand for electrostimulation devices as an alternative option for treatment.

Cranial & Auricular Electrotherapy Stimulation Devices Market Dynamics
Cranial and auricular electrotherapy devices are small devices that use a current of less than 4 mA for activating the brain and cranium for the treatment of anxiety, depression, pain, and others. The growing prevalence of mental disorders such as depression, bipolar disorder, schizophrenia, dementia, and other psychoses is expected to surge the demand for cranial and auricular electrotherapy stimulation devices. According to the World Health Organization (WHO) 2019 report, approximately 264 million people were affected by depression which is one of the common mental disorders and also the leading cause of disability worldwide.

Cranial & Auricular Electrotherapy Stimulation Devices Market Driving Factors
In addition, the increasing prevalence of chronic pain among the population is also a driving factor for the cranial & auricular electrotherapy stimulation devices market. For instance, as per the Center for Disease Control and Prevention (CDC) 2019 data, approximately 20.4% of the adult population suffered from chronic pain and at least 7.4% of adults had high impact chronic pain (chronic pain that frequently limits life or work activities).
Thus, the above-mentioned factors could be potential driving factors for the global cranial & auricular electrotherapy stimulation devices market. However, the high cost of the cranial & auricular electrotherapy stimulation devices and lack of awareness regarding these devices may pose a minor hurdle for the growth of the Cranial & Auricular Electrotherapy Stimulation Devices market.

Cranial & Auricular Electrotherapy Stimulation Devices Segment Analysis
• Cranial & Auricular Electrotherapy Stimulation Devices Market By Product Type (Cranial Electrostimulation Devices and Auricular Electro-Stimulation Devices)
• Cranial & Auricular Electrotherapy Stimulation Devices Market By Application (Insomnia, Depression, Anxiety, Pain Management, and Others)
• Cranial & Auricular Electrotherapy Stimulation Devices Market By Geography (North America, Europe, Asia-Pacific, and Rest of the World)

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Table of content
1. Cranial & Auricular Electrotherapy Stimulation Devices Report Introduction
2. Cranial & Auricular Electrotherapy Stimulation Devices Executive summary
3. Regulatory and Patent Analysis
4. Cranial & Auricular Electrotherapy Stimulation Devices Market Key factors analysis
5. Cranial & Auricular Electrotherapy Stimulation Devices Porter's Five Forces Analysis
6. COVID-19 Impact Analysis on Cranial & Auricular Electrotherapy Stimulation Devices Market
7. Cranial & Auricular Electrotherapy Stimulation Devices Market layout
8. Cranial & Auricular Electrotherapy Stimulation Devices Global Company Share Analysis - Key 3-5 Companies
9. Cranial & Auricular Electrotherapy Stimulation Devices Company and Product Profiles
10. Project Approach
11. KOL Views
12. DelveInsight Capabilities
13. Disclaimer
14. About DelveInsight

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