Gastric electric stimulators are expected to see strong demand globally in 2019, representing a robust 6.6% year-over-year growth, and reaching a valuation of approximately US$ 188.4 Mn in 2026. According to a Future Market Insights (FMI) report on the market for gastric electric stimulators for the anticipated period of 2018–2026, the demand for gastric electric stimulators is expected to increase due to a number of pacesetters.
According to the FMI report on the market for gastric electric stimulators, sales of these devices are expected to skyrocket in the near future due to the expansion of minimally invasive procedures, an increase in the number of reported cases of gastroparesis, and favourable reimbursement policies. Gastric electric stimulators are a highly preferred alternative to other treatment options due to the increasing prevalence of gastroparesis.
According to the FMI report on the market for gastric electric stimulators, investments in R&D and clinical studies have significantly increased recently due to the rarity of gastroparesis as well as the frequent occurrence of gastric-related problems. By the end of 2026, the demand for gastric electric stimulators is expected to increase significantly due to the growing acceptance of these devices as a safe alternative to gastrectomy in patients with end-stage gastric dysfunction.
As per the FMI report on gastric electric stimulators market, considering the rareness of Gastroparesis in tandem with the widespread occurrence of gastric-related issues, investments in R&D and clinical studies have considerably increased in the recent past. Moreover, the growing adoption of gastric electric stimulators as an effective substitute to gastrectomy in patients with end-stage gastric dysfunction, is projected to accelerate the demand for gastric electric stimulators considerably by the end of 2026.
High-Frequency Product Type Gaining Colossal Traction
In contrast to the low-frequency variant of gastric electric stimulators, the high-frequency variant is gaining enormous traction as one of the most compelling product types, according to the FMI report. According to the FMI gastric electric stimulators market report, high-frequency gastric electric stimulators have a comparatively longer battery life than low-frequency gastric electric stimulators. They are also less invasive and patient-friendly when it comes to insertion. Additionally, according to FMI analysis, the high-frequency variant of gastric electric stimulators is likely to improve the treatment landscape for gastroparetic patients, with a market share of over 75%.
Despite the fact that gastric electrical stimulation is the most effective treatment for chronic nausea and vomiting unrelated to gastroparesis of idiopathic or diabetic aetiology, the risks associated with Enterra Therapy are still very high, which prevents the widespread use of gastric electric stimulators.
North America Gastric Electric Stimulators Market Remains Lucrative
According to the FMI gastric electric stimulators report, North America is likely to continue to dominate the market for these devices between 2018 and 2026. According to the FMI report on the gastric electric stimulators market, rising investments in research and development (R&D) projects and medical studies, ongoing technological innovations, and the presence of several major market players are other important factors opening up lucrative opportunities in the North American gastric electric stimulators market.
The gastric electric stimulators market report states that due to the Mughals’ superior product lineup and wide-ranging demographic presence, the global gastric electric stimulators market will continue to be highly consolidated and account for approximately 5% of total revenue. Leading market players are also prepared to partner with and buy local players to increase their market presence in order to take advantage of the rising demand for gastric electric stimulators.
Gastric Electrical Stimulator Market By Category
Indicators :
- Gastroparesis
- Obesity
- Refractory Nausea
- Others
End User :
- Hospitals
- Clinics
- Ambulatory Surgical Centers
Regions :
- North America
- Latin America
- Europe
- Asia Pacific & Japan
- The Middle East and Africa
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