Neuromuscular Stimulators Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Neuromuscular stimulator, also known as neuromuscular electrical stimulation (NMES), is the elicitation of muscle contraction using electric impulses. Muscle stimulators are used to improve blood circulation, control of muscle, toning of the muscles and increase in muscle strength. This is done by passing electric current to the body making the muscle contract.
MARKET DYNAMICS
Factors driving the growth of the neuromuscular stimulators market are increase in popularity of muscle stimulators. However, adoption of alternate therapy is likely to hamper the growth of the market. Moreover, technological advancements in the neuromuscular stimulators is further likely to create growth opportunities in the market.
MARKET SCOPE
The "Neuromuscular Stimulators Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of neuromuscular stimulators market with detailed market segmentation by type, and end use. The neuromuscular stimulators market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in neuromuscular stimulators market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The neuromuscular stimulators market is segmented on the basis of type, and end user. On the basis of type, the market is categorized as spinal cord stimulation, gastric electric stimulation, deep brain stimulation, sacral nerve stimulation, and vagus nerve stimulation. On the basis of end use, the market is categorized as pain management, Parkinson's disease, urinary and fecal incontinence, epilepsy, gastroparesis, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the neuromuscular stimulators market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The neuromuscular stimulators market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting neuromuscular stimulators market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the neuromuscular stimulators market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the neuromuscular stimulators market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The neuromuscular stimulators market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting neuromuscular stimulators market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the neuromuscular stimulators market in these regions.
MARKET PLAYERS
The report covers key developments in the neuromuscular stimulators market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from neuromuscular stimulators market are anticipated to have lucrative growth opportunities in the future with the rising demand for neuromuscular stimulators in the global market. Below mentioned is the list of few companies engaged in the neuromuscular stimulators market.
The report also includes the profiles of key players in neuromuscular stimulators market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.
- Medtronic
- Boston Scientific
- Abbott
- LiveNova (Cyberonics)
- Nevro
- Inspire Medical Systems
- NeuroPace
- Autonomic Technologies
- Zimmer MedizinSysteme GmbH
- Zynex Medical
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Neuromuscular Stimulators Market - By Product
1.3.2 Neuromuscular Stimulators Market - By End Use
1.3.3 Neuromuscular Stimulators Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. NEUROMUSCULAR STIMULATORS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. NEUROMUSCULAR STIMULATORS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. NEUROMUSCULAR STIMULATORS MARKET - GLOBAL MARKET ANALYSIS
6.1. NEUROMUSCULAR STIMULATORS - GLOBAL MARKET OVERVIEW
6.2. NEUROMUSCULAR STIMULATORS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. NEUROMUSCULAR STIMULATORS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. SPINAL CORD STIMULATION
7.3.1. Overview
7.3.2. Spinal Cord Stimulation Market Forecast and Analysis
7.4. GASTRIC ELECTRIC STIMULATION
7.4.1. Overview
7.4.2. Gastric Electric Stimulation Market Forecast and Analysis
7.5. DEEP BRAIN STIMULATION
7.5.1. Overview
7.5.2. Deep Brain Stimulation Market Forecast and Analysis
7.6. SACRAL NERVE STIMULATION
7.6.1. Overview
7.6.2. Sacral Nerve Stimulation Market Forecast and Analysis
7.7. VAGUS NERVE STIMULATION
7.7.1. Overview
7.7.2. Vagus Nerve Stimulation Market Forecast and Analysis
8. NEUROMUSCULAR STIMULATORS MARKET - REVENUE AND FORECASTS TO 2028 - END USE
8.1. OVERVIEW
8.2. END USE MARKET FORECASTS AND ANALYSIS
8.3. PAIN MANAGEMENT
8.3.1. Overview
8.3.2. Pain Management Market Forecast and Analysis
8.4. PARKINSON'S DISEASE
8.4.1. Overview
8.4.2. Parkinson's Disease Market Forecast and Analysis
8.5. URINARY AND FECAL INCONTINENCE
8.5.1. Overview
8.5.2. Urinary and Fecal Incontinence Market Forecast and Analysis
8.6. EPILEPSY
8.6.1. Overview
8.6.2. Epilepsy Market Forecast and Analysis
8.7. GASTROPARESIS
8.7.1. Overview
8.7.2. Gastroparesis Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. NEUROMUSCULAR STIMULATORS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Neuromuscular Stimulators Market Overview
9.1.2 North America Neuromuscular Stimulators Market Forecasts and Analysis
9.1.3 North America Neuromuscular Stimulators Market Forecasts and Analysis - By Product
9.1.4 North America Neuromuscular Stimulators Market Forecasts and Analysis - By End Use
9.1.5 North America Neuromuscular Stimulators Market Forecasts and Analysis - By Countries
9.1.5.1 United States Neuromuscular Stimulators Market
9.1.5.1.1 United States Neuromuscular Stimulators Market by Product
9.1.5.1.2 United States Neuromuscular Stimulators Market by End Use
9.1.5.2 Canada Neuromuscular Stimulators Market
9.1.5.2.1 Canada Neuromuscular Stimulators Market by Product
9.1.5.2.2 Canada Neuromuscular Stimulators Market by End Use
9.1.5.3 Mexico Neuromuscular Stimulators Market
9.1.5.3.1 Mexico Neuromuscular Stimulators Market by Product
9.1.5.3.2 Mexico Neuromuscular Stimulators Market by End Use
9.2. EUROPE
9.2.1 Europe Neuromuscular Stimulators Market Overview
9.2.2 Europe Neuromuscular Stimulators Market Forecasts and Analysis
9.2.3 Europe Neuromuscular Stimulators Market Forecasts and Analysis - By Product
9.2.4 Europe Neuromuscular Stimulators Market Forecasts and Analysis - By End Use
9.2.5 Europe Neuromuscular Stimulators Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Neuromuscular Stimulators Market
9.2.5.1.1 Germany Neuromuscular Stimulators Market by Product
9.2.5.1.2 Germany Neuromuscular Stimulators Market by End Use
9.2.5.2 France Neuromuscular Stimulators Market
9.2.5.2.1 France Neuromuscular Stimulators Market by Product
9.2.5.2.2 France Neuromuscular Stimulators Market by End Use
9.2.5.3 Italy Neuromuscular Stimulators Market
9.2.5.3.1 Italy Neuromuscular Stimulators Market by Product
9.2.5.3.2 Italy Neuromuscular Stimulators Market by End Use
9.2.5.4 Spain Neuromuscular Stimulators Market
9.2.5.4.1 Spain Neuromuscular Stimulators Market by Product
9.2.5.4.2 Spain Neuromuscular Stimulators Market by End Use
9.2.5.5 United Kingdom Neuromuscular Stimulators Market
9.2.5.5.1 United Kingdom Neuromuscular Stimulators Market by Product
9.2.5.5.2 United Kingdom Neuromuscular Stimulators Market by End Use
9.2.5.6 Rest of Europe Neuromuscular Stimulators Market
9.2.5.6.1 Rest of Europe Neuromuscular Stimulators Market by Product
9.2.5.6.2 Rest of Europe Neuromuscular Stimulators Market by End Use
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Neuromuscular Stimulators Market Overview
9.3.2 Asia-Pacific Neuromuscular Stimulators Market Forecasts and Analysis
9.3.3 Asia-Pacific Neuromuscular Stimulators Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Neuromuscular Stimulators Market Forecasts and Analysis - By End Use
9.3.5 Asia-Pacific Neuromuscular Stimulators Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Neuromuscular Stimulators Market
9.3.5.1.1 Australia Neuromuscular Stimulators Market by Product
9.3.5.1.2 Australia Neuromuscular Stimulators Market by End Use
9.3.5.2 China Neuromuscular Stimulators Market
9.3.5.2.1 China Neuromuscular Stimulators Market by Product
9.3.5.2.2 China Neuromuscular Stimulators Market by End Use
9.3.5.3 India Neuromuscular Stimulators Market
9.3.5.3.1 India Neuromuscular Stimulators Market by Product
9.3.5.3.2 India Neuromuscular Stimulators Market by End Use
9.3.5.4 Japan Neuromuscular Stimulators Market
9.3.5.4.1 Japan Neuromuscular Stimulators Market by Product
9.3.5.4.2 Japan Neuromuscular Stimulators Market by End Use
9.3.5.5 South Korea Neuromuscular Stimulators Market
9.3.5.5.1 South Korea Neuromuscular Stimulators Market by Product
9.3.5.5.2 South Korea Neuromuscular Stimulators Market by End Use
9.3.5.6 Rest of Asia-Pacific Neuromuscular Stimulators Market
9.3.5.6.1 Rest of Asia-Pacific Neuromuscular Stimulators Market by Product
9.3.5.6.2 Rest of Asia-Pacific Neuromuscular Stimulators Market by End Use
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Neuromuscular Stimulators Market Overview
9.4.2 Middle East and Africa Neuromuscular Stimulators Market Forecasts and Analysis
9.4.3 Middle East and Africa Neuromuscular Stimulators Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Neuromuscular Stimulators Market Forecasts and Analysis - By End Use
9.4.5 Middle East and Africa Neuromuscular Stimulators Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Neuromuscular Stimulators Market
9.4.5.1.1 South Africa Neuromuscular Stimulators Market by Product
9.4.5.1.2 South Africa Neuromuscular Stimulators Market by End Use
9.4.5.2 Saudi Arabia Neuromuscular Stimulators Market
9.4.5.2.1 Saudi Arabia Neuromuscular Stimulators Market by Product
9.4.5.2.2 Saudi Arabia Neuromuscular Stimulators Market by End Use
9.4.5.3 U.A.E Neuromuscular Stimulators Market
9.4.5.3.1 U.A.E Neuromuscular Stimulators Market by Product
9.4.5.3.2 U.A.E Neuromuscular Stimulators Market by End Use
9.4.5.4 Rest of Middle East and Africa Neuromuscular Stimulators Market
9.4.5.4.1 Rest of Middle East and Africa Neuromuscular Stimulators Market by Product
9.4.5.4.2 Rest of Middle East and Africa Neuromuscular Stimulators Market by End Use
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Neuromuscular Stimulators Market Overview
9.5.2 South and Central America Neuromuscular Stimulators Market Forecasts and Analysis
9.5.3 South and Central America Neuromuscular Stimulators Market Forecasts and Analysis - By Product
9.5.4 South and Central America Neuromuscular Stimulators Market Forecasts and Analysis - By End Use
9.5.5 South and Central America Neuromuscular Stimulators Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Neuromuscular Stimulators Market
9.5.5.1.1 Brazil Neuromuscular Stimulators Market by Product
9.5.5.1.2 Brazil Neuromuscular Stimulators Market by End Use
9.5.5.2 Argentina Neuromuscular Stimulators Market
9.5.5.2.1 Argentina Neuromuscular Stimulators Market by Product
9.5.5.2.2 Argentina Neuromuscular Stimulators Market by End Use
9.5.5.3 Rest of South and Central America Neuromuscular Stimulators Market
9.5.5.3.1 Rest of South and Central America Neuromuscular Stimulators Market by Product
9.5.5.3.2 Rest of South and Central America Neuromuscular Stimulators Market by End Use
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL NEUROMUSCULAR STIMULATORS MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. NEUROMUSCULAR STIMULATORS MARKET, KEY COMPANY PROFILES
12.1. MEDTRONIC
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. BOSTON SCIENTIFIC
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. ABBOTT
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. LIVENOVA(CYBERONICS)
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. NEVRO
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. INSPIRE MEDICAL SYSTEMS
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. NEUROPACE
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. AUTONOMIC TECHNOLOGIES
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. ZIMMER MEDIZINSYSTEME GMBH
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. ZYNEX MEDICAL
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Medtronic
2. Boston Scientific
3. Abbott
4. LiveNova (Cyberonics)
5. Nevro
6. Inspire Medical Systems
7. NeuroPace
8. Autonomic Technologies
9. Zimmer MedizinSysteme GmbH
10. Zynex Medical
11. Beurer GmbH
12. DJO Global
13. EMS Physio Ltd.
14. MeyerDC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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