The market for global gastric electrical stimulators is projected to reach a value of US$ 227.8 million in 2022, driven by the growing availability of high-frequency gastric electrical stimulators and increased focus on managing chronic illnesses like gastroparesis. The market is expected to expand at a strong CAGR of 6.2% between 2022 and 2032, with a total estimated worth of US$ 439.9 million by the end of 2032.
Get a PDF Sample with Latest Market Insights@ https://www.futuremarketinsights.com/reports/sample/rep-gb-4044
The demand for gastric electrical stimulators is expected to surge in the near future, fueled by a rise in minimally invasive procedures, a growing incidence of gastroparesis, and favorable reimbursement policies. Gastroparesis, in particular, has been identified as the primary driver of demand for gastric electrical stimulators, as standard medication is often ineffective in addressing this condition, which can lead to malnutrition and dehydration.
Gastroparesis is a medical condition that hinders the normal functioning of stomach nerves, resulting in the inability to break down solid food and its prolonged retention in the stomach. This condition causes symptoms such as chronic nausea, vomiting, and constipation, and is typically caused by bacterial overgrowth in the small intestine. To treat or manage this condition, a gastric electrical stimulator is implanted below the skin in the lower abdomen, comprising two unipolar intramuscular probes and a neurostimulator.
North America Gastric Electric Stimulators Market Remains Lucrative
North America accounts for 57.1% of the global market for gastric electrical stimulators. Growing investments in medical studies and R&D activities, ongoing technological advancements and innovations, and the presence of several leading market players are other key factors paving the way for lucrative opportunities in the gastric electric stimulators market across North America, according to the FMI report.
Contact Us for a Discount@ https://www.futuremarketinsights.com/request-discount/rep-gb-4044
Competitive Landscape:
Some of the main gastric electrical stimulators manufacturers include Medtronic Plc., IntraPace Inc., ReShape Lifesciences, Inc., Changzhou Ruishen Medical Equipment Co, Ltd, ANS, EnteroMedics, MetaCure, Stryker Corporation, Philipis.
To boost their sales and acquire a competitive edge in the global stomach electrical stimulators market, these top gastric electrical stimulators providers are implementing various strategies such as new product releases and approvals, partnerships, collaborations, acquisitions, mergers, and so on.
- In March 2020, Medtronic launched the EnterraTM II model 37800 gastric neurostimulator, a programmable device implanted to produce mild electrical pulses to address chronic and intractable (medication-resistant) nausea and vomiting associated with gastroparesis.
- ReShape Lifesciences™ announced encouraging preclinical findings for its investigational Diabetes Bloc-Stim Neuromodulation Device in September 2020.
More Insights Available
In Europe, Germany, France, and the United Kingdom are significant markets for gastric electrical stimulation systems. The growing prevalence of gastroparesis in these countries is driving market growth. The Asia-Pacific region is also a significant gastric electrical stimulation systems market, with China, Japan, and India being the major contributors. The region’s market growth is attributed to the rising awareness about gastroparesis, an increasing aging population, and an increase in healthcare expenditure.
We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-4044
Key Segments of Gastric Electrical Stimulators Industry Survey
Gastric Electrical Stimulators Market by Type:
- High Frequency Gastric Electrical Stimulators
- Low Frequency Gastric Electrical Stimulators
Gastric Electrical Stimulators Market by Application:
- Gastric Electrical Stimulators for Gastroparesis
- Gastric Electrical Stimulators for Obesity
Gastric Electrical Stimulators Market by End Users:
- Gastric Electrical Stimulators for Hospitals
- Gastric Electrical Stimulators for Ambulatory Surgical Centers
- Gastric Electrical Stimulators for Other End Users
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs