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Global Functional Electrical Stimulation Devices Market to grow at a CAGR of 8.2% by 2030, Evaluates DelveInsight | HASOMED GmbH, Restorative Therapies, Bioness Inc., Trulife, Otto Bock, Odstock Medical Limited, Hobbs Rehabilitation, MotoMed
DelveInsight's "Functional Electrical Stimulation Devices Market Insights, Competitive Landscape and Market Forecast-2030" report provides the current and forecast market outlook, forthcoming device innovation, challenges, market drivers and barriers. The report also covers the major emerging products and key Functional Electrical Stimulation Devices companies actively working in the market.
To know more about why North America is leading the market growth in the Functional Electrical Stimulation Devices market, get a snapshot of the report Functional Electrical Stimulation Devices Market Trends
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Functional Electrical Stimulation Devices Overview
Functional Electrical Stimulation (FES) devices are medical devices that use low-level electrical pulses to stimulate nerves and muscles, helping restore or improve motor function in individuals with neurological disorders or injuries. Commonly used in patients with spinal cord injuries, stroke, or multiple sclerosis, FES devices aid in activities such as walking, grasping, or maintaining posture by activating paralyzed or weakened muscles in a controlled manner.
DelveInsight Analysis: The global Functional Electrical Stimulation Devices market size is anticipated to expand at a compound annual growth rate (CAGR) of 8.2% between 2024 and 2030.
Functional Electrical Stimulation Devices Market Insights
Geographically, North America is expected to lead the Functional Electrical Stimulation (FES) Devices market throughout the forecast period. This can be attributed to the increasing prevalence of conditions such as stroke, cerebral palsy, and musculoskeletal disorders in the region. Furthermore, the growing obesity rates could raise the risk of musculoskeletal disorders and stroke, driving higher demand for FES devices. Additionally, the presence of major market players in the region is expected to further propel the growth of the FES market in North America.
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Recent Developments in the Functional Electrical Stimulation Devices Market Report
• In October 2020, g.tec medical engineering GmbH has obtained FDA approval for its g.Estim FES neuromuscular electrical stimulator, which is intended for use under medical supervision as an adjunctive treatment for various medical conditions and diseases
• In March 2020, Bioness Inc. secured FDA approval for its L100 Go System, designed to assist with ankle dorsiflexion in adults experiencing foot drop or muscle weakness due to upper motor neuron diseases or injuries, such as stroke or spinal cord pathway damage.
• Thus, owing to such developments in the market, rapid growth will be observed in the Functional Electrical Stimulation Devices market during the forecast period
Key Players in the Functional Electrical Stimulation Devices Market
Some of the key market players operating in the Functional Electrical Stimulation Devices market include- HASOMED GmbH, Restorative Therapies, Bioness Inc., Trulife, Otto Bock, Odstock Medical Limited, Hobbs Rehabilitation, MotoMed, Medline Industries, LP, g.tec medical engineering GmbH, and others.
Which MedTech key players in the Functional Electrical Stimulation Devices market are set to emerge as the trendsetter explore @ Key Functional Electrical Stimulation Devices Companies
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COVID-19 Impact Analysis on the Functional Electrical Stimulation Devices Market
Various research and clinical trials conducted by companies and academic institutions to evaluate the effectiveness of FES devices in stroke rehabilitation could further drive the market for these devices. For example, Intento SA launched a clinical trial in 2019 to assess the efficacy of "Self-modulated Functional Electrical Stimulation in Chronic Stroke Patients with Severe and Moderate Upper Limb Paresis (SM-FES)."
The increasing demand for Functional Electrical Stimulation (FES) devices is primarily fueled by the rising prevalence of musculoskeletal disorders globally. Furthermore, the growing emphasis on pain management treatments and advancements in technology for product development are anticipated to drive further growth in the FES market in the future. However, with the resumption of activities across various industries, including healthcare, the Functional Electrical Stimulation Devices market has seen an uplift and is expected to experience growth during the forecast period from 2024 to 2030.
Scope of the Functional Electrical Stimulation Devices Market Report
• Coverage: Global
• Study Period: 2020-2030
• Functional Electrical Stimulation Devices Market Segmentation By Product Type: (Wired Devices And Wireless Devices), By Indication (Neurological Disorders, Pain Management, Musculoskeletal Disorders, And Others)
• Functional Electrical Stimulation Devices Market Segmentation By End-User: Hospitals & Clinics, Ambulatory Surgical Centers, And Others
• Functional Electrical Stimulation Devices Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of the World
• Key Functional Electrical Stimulation Devices Companies: HASOMED GmbH, Restorative Therapies, Bioness Inc., Trulife, Otto Bock, Odstock Medical Limited, Hobbs Rehabilitation, MotoMed, Medline Industries, LP, g.tec medical engineering GmbH, and others
• Porter's Five Forces Analysis, Product Profiles, Case Studies, KOL's Views, Analyst's View
Interested in knowing how the Functional Electrical Stimulation Devices market will grow by 2030? Click to get a snapshot of the Functional Electrical Stimulation Devices Market Analysis
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Table of Contents
1 Functional Electrical Stimulation Devices Market Report Introduction
2 Functional Electrical Stimulation Devices Market Executive summary
3 Regulatory and Patent Analysis
4 Functional Electrical Stimulation Devices Market Key Factors Analysis
5 Porter's Five Forces Analysis
6 COVID-19 Impact Analysis on Functional Electrical Stimulation Devices Market
7 Functional Electrical Stimulation Devices Market Layout
8 Global Company Share Analysis - Key 3-5 Companies
9 Company and Product Profiles
10 Project Approach
11 Functional Electrical Stimulation Devices Market Drivers
12 Functional Electrical Stimulation Devices Market Barriers
13 About DelveInsight
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Contact Us
Gaurav Bora
info@delveinsight.com
+14699457679
www.delveinsight.com
About DelveInsight
DelveInsight is a leading Business Consultant and Market Research firm focused exclusively on life sciences. It supports Pharma companies by providing end-to-end comprehensive solutions to improve their performance.
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