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Gastric Electrical Stimulators Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030

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    Report

  • 120 Pages
  • August 2022
  • Region: Global
  • Acute Market Reports
  • ID: 5717601
Description Jump to:

Industry Outlook

The gastric electrical stimulators market is set to reach from US$ 121.9 Mn in 2020 to US$ 230.8 Mn by 2030 at a compound annual growth rate (CAGR) of 6.7% during the forecast period from 2022 to 2030. Gastric electrical stimulators are small devices which are operated by battery to promote neurostimulation in the abdominal region via lead electrodes for treatment of gastroparesis. They are also used in treating obesity by modulating the appetite and satiety in obese people resulting in weight loss. Existence of few players in the market provides a potential platform for other medical device companies to enter into the gastric electrical stimulators market.

Excellent clinical outcomes during gastroparesis treatment and longer battery life together drive the demand for high-frequency gastric stimulators

High-frequency gastric stimulators are spearheading the market. The chief parameters responsible for its positive market growth are excellent clinical outcomes during gastroparesis treatment such as reducing the severity of nausea & vomiting and longer battery life. Low-frequency gastric stimulators are usually employed as an external stimulator in the serosa region of stomach at 3 cycles/min to increase the amplitude of gastric slow waves and thereby improve gastric emptying time in diabetic and elderly patients.

Rising prevalence of diabetes worldwide will cause significant rise in people suffering with gastroparesis

Gastroparesis is leading the indication segment for gastric electrical stimulators market. Gastroparesis is delayed gastric emptying primarily caused due to underlying factors such as diabetes, gastric ulcers, consumption of junk food, old age, etc. Rising prevalence of diabetes and significant rise in elderly population worldwide will rapidly increase the number of people encountering gastroparesis clinical manifestations. Obesity is on a constant rise in children and adults primarily due to increasing consumption of fast food, sedentary lifestyle, stress etc.

Rising prevalence of gastroparesis and inclination towards consumption of junk food to drive the market growth in North America

North America is considered as the clear leader in global regional segment for gastric electrical stimulators market. It represents a market share of 42.5% due to the positive impact of major factors such as rising prevalence of gastrointestinal disorders. As per the research citing presented in a research journal of Wolters Kluwer journal the prevalence rate of gastroparesis in type 1 diabetes, type 2 diabetes and idiopathic diabetes in the United States is 16.8%, 14.0% and 13.2% respectively. Significant rise in the inclination for consumption of junk food further delays gastric emptying and provides lucrative market opportunity for gastric electrical stimulators market growth. Europe holds a market share of 35.2% on account of rising prevalence of obesity in people belonging all age group. Strategic agreement and collaboration between medical device manufacturers and clinical research institute to develop novel gastric stimulation devices to treat gastroparesis and obesity. Asia Pacific is accountable for 15.7% market share chiefly due to rising public health awareness regarding gastrointestinal disorders and developing healthcare infrastructure.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Gastric Electrical Stimulators market are as follows:
  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Gastric Electrical Stimulators market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Product

  • Low-Frequency Gastric Electrical Stimulators
  • High-Frequency Gastric Electrical Stimulators

Indication

  • Gastroparesis
  • Obesity

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Gastric Electrical Stimulators market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2030.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Gastric Electrical Stimulators market?
  • Which is the largest regional market for Gastric Electrical Stimulators market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Gastric Electrical Stimulators market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Gastric Electrical Stimulators market worldwide?


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Table of Contents

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted

2. Executive Summary
2.1. Market Snapshot: Global Gastric Electrical Stimulators Market
2.2. Global Gastric Electrical Stimulators Market, By Product, 2021 (US$ Million)
2.3. Global Gastric Electrical Stimulators Market, By Indication, 2021 (US$ Million)
2.4. Global Gastric Electrical Stimulators Market, By Geography, 2021 (US$ Million)
2.5. Attractive Investment Proposition by Geography, 2021

3. Gastric Electrical Stimulators Market: Competitive Analysis
3.1. Market Positioning of Key Gastric Electrical Stimulators Market Vendors
3.2. Strategies Adopted by Gastric Electrical Stimulators Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2021 Versus 2030

4. Gastric Electrical Stimulators Market: Macro Analysis & Market Dynamics
4.1. Introduction
4.2. Global Gastric Electrical Stimulators Market Value, 2020 - 2030, (US$ Million)
4.3. Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Key Challenges
4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis

5. Gastric Electrical Stimulators Market: By Product, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Low-Frequency Gastric Electrical Stimulators
5.3.2. High-Frequency Gastric Electrical Stimulators

6. Gastric Electrical Stimulators Market: By Indication, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2021 Versus 2030
6.3. Market Segmentation
6.3.1. Gastroparesis
6.3.2. Obesity

7. North America Gastric Electrical Stimulators Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. Gastric Electrical Stimulators Market: By Product, 2020-2030, USD (Million)
7.3. Gastric Electrical Stimulators Market: By Indication, 2020-2030, USD (Million)
7.4.Gastric Electrical Stimulators Market: By Region, 2020-2030, USD (Million)
7.4.1.North America
7.4.1.1. U.S.
7.4.1.1.1. Gastric Electrical Stimulators Market: By Product, 2020-2030, USD (Million)
7.4.1.1.1. Gastric Electrical Stimulators Market: By Indication, 2020-2030, USD (Million)
7.4.1.2. Canada
7.4.1.2.1. Gastric Electrical Stimulators Market: By Product, 2020-2030, USD (Million)
7.4.1.2.1. Gastric Electrical Stimulators Market: By Indication, 2020-2030, USD (Million)
7.4.1.3. Rest of North America
7.4.1.3.1. Gastric Electrical Stimulators Market: By Product, 2020-2030, USD (Million)
7.4.1.3.1. Gastric Electrical Stimulators Market: By Indication, 2020-2030, USD (Million)

8. UK and European Union Gastric Electrical Stimulators Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. Gastric Electrical Stimulators Market: By Product, 2020-2030, USD (Million)
8.3. Gastric Electrical Stimulators Market: By Indication, 2020-2030, USD (Million)
8.4.Gastric Electrical Stimulators Market: By Region, 2020-2030, USD (Million)
8.4.1.UK and European Union
8.4.1.1. UK
8.4.1.1.1. Gastric Electrical Stimulators Market: By Product, 2020-2030, USD (Million)
8.4.1.1.1. Gastric Electrical Stimulators Market: By Indication, 2020-2030, USD (Million)
8.4.1.2. Germany
8.4.1.2.1. Gastric Electrical Stimulators Market: By Product, 2020-2030, USD (Million)
8.4.1.2.1. Gastric Electrical Stimulators Market: By Indication, 2020-2030, USD (Million)
8.4.1.3. Spain
8.4.1.3.1. Gastric Electrical Stimulators Market: By Product, 2020-2030, USD (Million)
8.4.1.3.1. Gastric Electrical Stimulators Market: By Indication, 2020-2030, USD (Million)
8.4.1.4. Italy
8.4.1.4.1. Gastric Electrical Stimulators Market: By Product, 2020-2030, USD (Million)
8.4.1.4.1. Gastric Electrical Stimulators Market: By Indication, 2020-2030, USD (Million)
8.4.1.5. France
8.4.1.5.1. Gastric Electrical Stimulators Market: By Product, 2020-2030, USD (Million)
8.4.1.5.1. Gastric Electrical Stimulators Market: By Indication, 2020-2030, USD (Million)
8.4.1.6. Rest of Europe
8.4.1.6.1. Gastric Electrical Stimulators Market: By Product, 2020-2030, USD (Million)
8.4.1.6.1. Gastric Electrical Stimulators Market: By Indication, 2020-2030, USD (Million)

9. Asia Pacific Gastric Electrical Stimulators Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. Gastric Electrical Stimulators Market: By Product, 2020-2030, USD (Million)
9.3. Gastric Electrical Stimulators Market: By Indication, 2020-2030, USD (Million)
9.4.Gastric Electrical Stimulators Market: By Region, 2020-2030, USD (Million)
9.4.1.Asia Pacific
9.4.1.1. China
9.4.1.1.1. Gastric Electrical Stimulators Market: By Product, 2020-2030, USD (Million)
9.4.1.1.1. Gastric Electrical Stimulators Market: By Indication, 2020-2030, USD (Million)
9.4.1.2. Japan
9.4.1.2.1. Gastric Electrical Stimulators Market: By Product, 2020-2030, USD (Million)
9.4.1.2.1. Gastric Electrical Stimulators Market: By Indication, 2020-2030, USD (Million)
9.4.1.3. India
9.4.1.3.1. Gastric Electrical Stimulators Market: By Product, 2020-2030, USD (Million)
9.4.1.3.1. Gastric Electrical Stimulators Market: By Indication, 2020-2030, USD (Million)
9.4.1.4. Australia
9.4.1.4.1. Gastric Electrical Stimulators Market: By Product, 2020-2030, USD (Million)
9.4.1.4.1. Gastric Electrical Stimulators Market: By Indication, 2020-2030, USD (Million)
9.4.1.5. South Korea
9.4.1.5.1. Gastric Electrical Stimulators Market: By Product, 2020-2030, USD (Million)
9.4.1.5.1. Gastric Electrical Stimulators Market: By Indication, 2020-2030, USD (Million)
9.4.1.6. Rest of Asia Pacific
9.4.1.6.1. Gastric Electrical Stimulators Market: By Product, 2020-2030, USD (Million)
9.4.1.6.1. Gastric Electrical Stimulators Market: By Indication, 2020-2030, USD (Million)

10. Latin America Gastric Electrical Stimulators Market, 2020-2030, USD (Million)
10.1. Market Overview
10.2. Gastric Electrical Stimulators Market: By Product, 2020-2030, USD (Million)
10.3. Gastric Electrical Stimulators Market: By Indication, 2020-2030, USD (Million)
10.4.Gastric Electrical Stimulators Market: By Region, 2020-2030, USD (Million)
10.4.1.Latin America
10.4.1.1. Brazil
10.4.1.1.1. Gastric Electrical Stimulators Market: By Product, 2020-2030, USD (Million)
10.4.1.1.1. Gastric Electrical Stimulators Market: By Indication, 2020-2030, USD (Million)
10.4.1.2. Mexico
10.4.1.2.1. Gastric Electrical Stimulators Market: By Product, 2020-2030, USD (Million)
10.4.1.2.1. Gastric Electrical Stimulators Market: By Indication, 2020-2030, USD (Million)
10.4.1.3. Rest of Latin America
10.4.1.3.1. Gastric Electrical Stimulators Market: By Product, 2020-2030, USD (Million)
10.4.1.3.1. Gastric Electrical Stimulators Market: By Indication, 2020-2030, USD (Million)

11. Middle East and Africa Gastric Electrical Stimulators Market, 2020-2030, USD (Million)
11.1. Market Overview
11.2. Gastric Electrical Stimulators Market: By Product, 2020-2030, USD (Million)
11.3. Gastric Electrical Stimulators Market: By Indication, 2020-2030, USD (Million)
11.4.Gastric Electrical Stimulators Market: By Region, 2020-2030, USD (Million)
11.4.1.Middle East and Africa
11.4.1.1. GCC
11.4.1.1.1. Gastric Electrical Stimulators Market: By Product, 2020-2030, USD (Million)
11.4.1.1.1. Gastric Electrical Stimulators Market: By Indication, 2020-2030, USD (Million)
11.4.1.2. Africa
11.4.1.2.1. Gastric Electrical Stimulators Market: By Product, 2020-2030, USD (Million)
11.4.1.2.1. Gastric Electrical Stimulators Market: By Indication, 2020-2030, USD (Million)
11.4.1.3. Rest of Middle East and Africa
11.4.1.3.1. Gastric Electrical Stimulators Market: By Product, 2020-2030, USD (Million)
11.4.1.3.1. Gastric Electrical Stimulators Market: By Indication, 2020-2030, USD (Million)

12. Company Profile
12.1. Medtronic, Plc.
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Portfolio
12.1.4. Strategic Initiatives
12.2. IntraPace, Inc.
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Portfolio
12.2.4. Strategic Initiatives
12.3. ReShape Lifesciences, Inc.
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Portfolio
12.3.4. Strategic Initiatives
12.4. Rishena Co., Ltd.
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Portfolio
12.4.4. Strategic Initiatives

List of Figures
Figure 1 Global Gastric Electrical Stimulators Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global Gastric Electrical Stimulators Market: Quality Assurance
Figure 5 Global Gastric Electrical Stimulators Market, By Product, 2021
Figure 6 Global Gastric Electrical Stimulators Market, By Indication, 2021
Figure 7 Global Gastric Electrical Stimulators Market, By Geography, 2021
Figure 8 Market Geographical Opportunity Matrix - Global Gastric Electrical Stimulators Market, 2021
Figure 9 Market Positioning of Key Gastric Electrical Stimulators Market Players, 2021
Figure 10 Global Gastric Electrical Stimulators Market - Tier Analysis - Percentage of Revenues by Tier Level, 2021 Versus 2030
Figure 11 Global Gastric Electrical Stimulators Market, By Product, 2021 Vs 2030, %
Figure 12 Global Gastric Electrical Stimulators Market, By Indication, 2021 Vs 2030, %
Figure 13 U.S. Gastric Electrical Stimulators Market (US$ Million), 2020 - 2030
Figure 14 Canada Gastric Electrical Stimulators Market (US$ Million), 2020 - 2030
Figure 15 Rest of North America Gastric Electrical Stimulators Market (US$ Million), 2020 - 2030
Figure 16 UK Gastric Electrical Stimulators Market (US$ Million), 2020 - 2030
Figure 17 Germany Gastric Electrical Stimulators Market (US$ Million), 2020 - 2030
Figure 18 Spain Gastric Electrical Stimulators Market (US$ Million), 2020 - 2030
Figure 19 Italy Gastric Electrical Stimulators Market (US$ Million), 2020 - 2030
Figure 20 France Gastric Electrical Stimulators Market (US$ Million), 2020 - 2030
Figure 21 Rest of Europe Gastric Electrical Stimulators Market (US$ Million), 2020 - 2030
Figure 22 China Gastric Electrical Stimulators Market (US$ Million), 2020 - 2030
Figure 23 Japan Gastric Electrical Stimulators Market (US$ Million), 2020 - 2030
Figure 24 India Gastric Electrical Stimulators Market (US$ Million), 2020 - 2030
Figure 25 Australia Gastric Electrical Stimulators Market (US$ Million), 2020 - 2030
Figure 26 South Korea Gastric Electrical Stimulators Market (US$ Million), 2020 - 2030
Figure 27 Rest of Asia Gastric Electrical Stimulators Market (US$ Million), 2020 - 2030
Figure 28 Brazil Gastric Electrical Stimulators Market (US$ Million), 2020 - 2030
Figure 29 Mexico Gastric Electrical Stimulators Market (US$ Million), 2020 - 2030
Figure 30 Rest of Latin America Gastric Electrical Stimulators Market (US$ Million), 2020 - 2030
Figure 31 GCC Gastric Electrical Stimulators Market (US$ Million), 2020 - 2030
Figure 32 Africa Gastric Electrical Stimulators Market (US$ Million), 2020 - 2030
Figure 33 Rest of Middle East and Africa Gastric Electrical Stimulators Market (US$ Million), 2020 - 2030

List of Tables
Table 1 Global Gastric Electrical Stimulators Market By Product, 2020-2030, USD (Million)
Table 2 Global Gastric Electrical Stimulators Market By Indication, 2020-2030, USD (Million)
Table 3 North America Gastric Electrical Stimulators Market By Product, 2020-2030, USD (Million)
Table 4 North America Gastric Electrical Stimulators Market By Indication, 2020-2030, USD (Million)
Table 5 U.S. Gastric Electrical Stimulators Market By Product, 2020-2030, USD (Million)
Table 6 U.S. Gastric Electrical Stimulators Market By Indication, 2020-2030, USD (Million)
Table 7 Canada Gastric Electrical Stimulators Market By Product, 2020-2030, USD (Million)
Table 8 Canada Gastric Electrical Stimulators Market By Indication, 2020-2030, USD (Million)
Table 9 Rest of North America Gastric Electrical Stimulators Market By Product, 2020-2030, USD (Million)
Table 10 Rest of North America Gastric Electrical Stimulators Market By Indication, 2020-2030, USD (Million)
Table 11 UK and European Union Gastric Electrical Stimulators Market By Product, 2020-2030, USD (Million)
Table 12 UK and European Union Gastric Electrical Stimulators Market By Indication, 2020-2030, USD (Million)
Table 13 UK Gastric Electrical Stimulators Market By Product, 2020-2030, USD (Million)
Table 14 UK Gastric Electrical Stimulators Market By Indication, 2020-2030, USD (Million)
Table 15 Germany Gastric Electrical Stimulators Market By Product, 2020-2030, USD (Million)
Table 16 Germany Gastric Electrical Stimulators Market By Indication, 2020-2030, USD (Million)
Table 17 Spain Gastric Electrical Stimulators Market By Product, 2020-2030, USD (Million)
Table 18 Spain Gastric Electrical Stimulators Market By Indication, 2020-2030, USD (Million)
Table 19 Italy Gastric Electrical Stimulators Market By Product, 2020-2030, USD (Million)
Table 20 Italy Gastric Electrical Stimulators Market By Indication, 2020-2030, USD (Million)
Table 21 France Gastric Electrical Stimulators Market By Product, 2020-2030, USD (Million)
Table 22 France Gastric Electrical Stimulators Market By Indication, 2020-2030, USD (Million)
Table 23 Rest of Europe Gastric Electrical Stimulators Market By Product, 2020-2030, USD (Million)
Table 24 Rest of Europe Gastric Electrical Stimulators Market By Indication, 2020-2030, USD (Million)
Table 25 Asia Gastric Electrical Stimulators Market By Product, 2020-2030, USD (Million)
Table 26 Asia Gastric Electrical Stimulators Market By Indication, 2020-2030, USD (Million)
Table 27 China Gastric Electrical Stimulators Market By Product, 2020-2030, USD (Million)
Table 28 China Gastric Electrical Stimulators Market By Indication, 2020-2030, USD (Million)
Table 29 Japan Gastric Electrical Stimulators Market By Product, 2020-2030, USD (Million)
Table 30 Japan Gastric Electrical Stimulators Market By Indication, 2020-2030, USD (Million)
Table 31 India Gastric Electrical Stimulators Market By Product, 2020-2030, USD (Million)
Table 32 India Gastric Electrical Stimulators Market By Indication, 2020-2030, USD (Million)
Table 33 Australia Gastric Electrical Stimulators Market By Product, 2020-2030, USD (Million)
Table 34 Australia Gastric Electrical Stimulators Market By Indication, 2020-2030, USD (Million)
Table 35 South Korea Gastric Electrical Stimulators Market By Product, 2020-2030, USD (Million)
Table 36 South Korea Gastric Electrical Stimulators Market By Indication, 2020-2030, USD (Million)
Table 37 Latin America Gastric Electrical Stimulators Market By Product, 2020-2030, USD (Million)
Table 38 Latin America Gastric Electrical Stimulators Market By Indication, 2020-2030, USD (Million)
Table 39 Brazil Gastric Electrical Stimulators Market By Product, 2020-2030, USD (Million)
Table 40 Brazil Gastric Electrical Stimulators Market By Indication, 2020-2030, USD (Million)
Table 41 Mexico Gastric Electrical Stimulators Market By Product, 2020-2030, USD (Million)
Table 42 Mexico Gastric Electrical Stimulators Market By Indication, 2020-2030, USD (Million)
Table 43 Rest of Latin America Gastric Electrical Stimulators Market By Product, 2020-2030, USD (Million)
Table 44 Rest of Latin America Gastric Electrical Stimulators Market By Indication, 2020-2030, USD (Million)
Table 45 Middle East and Africa Gastric Electrical Stimulators Market By Product, 2020-2030, USD (Million)
Table 46 Middle East and Africa Gastric Electrical Stimulators Market By Indication, 2020-2030, USD (Million)
Table 47 GCC Gastric Electrical Stimulators Market By Product, 2020-2030, USD (Million)
Table 48 GCC Gastric Electrical Stimulators Market By Indication, 2020-2030, USD (Million)
Table 49 Africa Gastric Electrical Stimulators Market By Product, 2020-2030, USD (Million)
Table 50 Africa Gastric Electrical Stimulators Market By Indication, 2020-2030, USD (Million)
Table 51 Rest of Middle East and Africa Gastric Electrical Stimulators Market By Product, 2020-2030, USD (Million)
Table 52 Rest of Middle East and Africa Gastric Electrical Stimulators Market By Indication, 2020-2030, USD (Million)

Companies Mentioned

  • Medtronic Plc.
  • IntraPace Inc.
  • ReShape Lifesciences Inc.
  • Rishena Co. Ltd.

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