Increasing Spinal Disorders to Favor Growth of the Market in North America
The report provides segmentation of the global electrical stimulation devices market based on several factors such as product type, application, and regional demographics. Among all regions, Fortune Business Insights has identified North America to emerge as the leading that will generate the maximum electrical stimulation devices market revenue during the forecast period. The increasing incidence of spinal cord injuries and disorders has aided the demand for these devices in North America. Furthermore, growing emphasis on research and development of new devices will lead to an increase in the electrical stimulation devices market value in North America.
KEY INDUSTRY DEVELOPMENTS:
In March 2019, CARMEL, Ind., received FDA market clearance for the Cervella Cranial Electrotherapy Stimulator. The FDA cleared the Cervella medical device for treatment of anxiety, depression, and insomnia.
In April 20218, Cala Health received FDA Clearance for Cala ONE as an individualized prescription neuromodulation therapy for transient relief of hand tremors in adults with essential tremor (ET)
· North America (the U.S. and Canada)
· Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
· Latin America (Brazil, Mexico, and Rest of Latin America)
· Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)
By Device Type
· Transcutaneous Electrical Nerve Stimulation (TENS)
· Interferential Current Electrical Stimulation (IFC)
· Electrical Muscle Stimulation (EMS)
· Russian Stimulation
· Neuromuscular Electrical Stimulation (NMES)
· Functional Electrical Stimulation (FES)
Electrical stimulation devices play a major part in physical therapy, mostly in cases of functional mobility. The electrical stimulation process helps in desired muscle contraction that is made possible with the help of an electrically induced pulse. The ability of electrical stimulation devices to reduce post-operative pain, maintaining muscle shape and tone, minimizing spasticity, and enabling patients to carry out body movements such as standing and walking.
The growing incidence of muscle disorders across the world has led to a high uptake of electrical stimulation devices by surgeons and end users across the world. Additionally, the demand for technology advanced methods for treatment of muscle disorders, specifically devices with minimum pain, will add to the increasing demand for electrical stimulation devices across the world.
The demand for novel devices and techniques for the treatment of muscle contractions, combined with increasing research and development activities aimed at the betterment of these devices will contribute to the demand for electrical stimulation devices in the coming years. The report encompasses several factors that will contribute to the growth of the global electrical stimulation devices market in the forthcoming years.
Increasing Regulatory Approvals Likely to Favor Electrical Stimulation Devices Market Growth
The increasing demand for electrical stimulation devices has led to an increase in the emphasis on the R&D of these devices. Furthermore, the efficacy of these devices has created a huge demand across the world. Resulting from the high demand, regulatory authorities and organizations have been encouraged to approve these devices for commercial use. In 2019, Carmel India received approval from the Food and Drug Administration for the usage of its latest device ‘Cervella Cranial Electrotherapy Stimulator’ aimed at treatment of conditions such as anxiety, depression, and insomnia.
The device received market approval for treating several disorders by sending micro-pulses to regulate and stimulate conditions through the brain. Fortune Business Insights has predicted that the approval for Carmel’s latest device will have a positive impact on the global market. The report identifies increasing approvals as a key factor that will aid the growth off the global electrical stimulation devices market in the coming years.