Electrical Stimulation Devices (ESDs) Market | Evolving Technology, Trends and industry Analysis – 2023

Featuring a high degree of competition, The Global Market For Electrical Stimulation Devices has most growth opportunities and competition confined between leading few vendors in the market, observes Transparency Market Research in a recent report. The top three vendors in the market, namely Boston Scientific Corp., St. Jude Medical Inc., and Medtronic Plc., collectively accounted for 70.6% of the global market in 2014. The consolidated market boasts an intense level of competitiveness among key players, with focus on strategic collaborations, acquisition of smaller companies, and geographical expansion, as a way to outpace peers, becoming more intense.

Transparency Market Research estimates that the global electrical stimulation devices market will offer vast growth opportunities for companies in the next few years. The market is expected to exhibit a CAGR of 6.0% from 2015 to 2023, rising from a valuation of US$3.8 bn in 2014 to an opportunity of US$6.5 bn by 2023.

View Report-

http://www.transparencymarketresearch.com/electrical-stimulation-devices-market.html

Pain Management to Remain Most Promising Application Segment

In terms of application, the segment of pain management is projected to be the key contributor of revenue to the global electrical stimulation devices market over the forecast period. The segment accounted for a massive 53.4% of the global market in 2014 and is expected to rake in the leading share in the global market over the forecast period as well, chiefly owing to the rising prevalence of chronic pain across the globe. From a geographical standpoint, the market in North America, which held a significant 43.5% of the global market in 2014, is expected to retain dominance over the forecast period as well.

Rising Patient Pool of Chronic Diseases to Positively Influence Global Demand for Electrical Stimulation Devices

Much of the demand for electrical stimulation devices is courtesy use for treating a number of chronic diseases such as obesity, diabetes, and chronic pain. The rate of prevalence of these conditions is rising at an alarming pace across the globe. According to a WHO report, nearly 13% of the global population was overweight. A massive rise in diabetes across the globe is also predicted in the next few decades. Moreover, the massive and rising patient pool of chronic pain presents the need for effective interventions.

These factors are collectively fueling the adoption of home and remote healthcare solutions, of which electrical stimulation devices form a key part. As a result, the global demand for a variety of electrical stimulation devices holds massive promise in the near future.

Request to download brochure and view full ToC -

http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=7075

Availability of Substitutes Could Hamper Rate of Adoption of Electrical Stimulation Devices

Availability of a number of substitutes to electrical stimulation devices in global marketplaces hinder the adoption of the latter to some extent. The higher level of efficiency offered by some of these alternative treatments could have the consumer favor them over electrical stimulation devices for the treatment of bone-related, spinal, and neurological conditions. Moreover, many electrical stimulation devices are yet to be approved by the U.S. FDA, which could impact their adoption across regional markets with strict regulations pertaining to the use of devices or equipment that fall in the medical and healthcare categories.

Request to view Sample Report -

http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7075

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com

This release was published on openPR.