Home Gastrointestinal Gastric Electrical Stimulators MarketKey Players and Production Information analysis – Business Intelligence

Gastric Electrical Stimulators MarketKey Players and Production Information analysis – Business Intelligence


Global Gastric Electrical Stimulators Market: Overview

Gastric electrical stimulator (GES) is a small, battery-operated gastric neurostimulator, which is implanted beneath the skin in the lower abdominal area for the treatment for gastroparesis. The device consists of two insulated wires called leads, which are implanted in the stomach wall muscle and connected to the neurostimulator. The leads deliver mild electrical pulses to stimulate the smooth muscles of the lower stomach and control the symptoms of gastroparesis such as chronic nausea and vomiting in patients aged 18 to 70.

Global Gastric Electrical Stimulators Market: Key Trends

Rise in prevalence of delayed gastric emptying, also known as gastroparesis, is a major driver of the global gastric electrical stimulators market. Gastroparesis is a gastric motor disorder which leads to chronic nausea and vomiting and results in frequent hospital admissions and poor quality of life of patients. Gastroparesis is often associated with diabetes and can occur along with gastrointestinal disorders such as gastric ulcer, achalasia, atrophic gastritis, and celiac disease. This is projected to fuel demand for gastric electrical stimulators in the near future. Moreover, favorable reimbursement policies for gastric electric stimulation is anticipated to boost the global market during the forecast period. However, complications associated with GES including infection, bleeding, bruising, implant site pain, gastric perforation, lead penetration, bowel obstruction or perforation, irritation/inflammation over implant site, lead entanglement or erosion, and device mechanical or electrical problem are expected to restrain the global market in the next few years.

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Global Gastric Electrical Stimulators Market: Segmentation

The global gastric electrical stimulators market can be segmented based on product, application, end-user, and region. In terms of product, the market can be bifurcated into high frequency and low frequency gastric electrical stimulators. Based on application, the global gastric electrical stimulators market can be classified into gastroparesis and obesity. The gastroparesis segment held major share of the market in 2017 and is anticipated to sustain its dominant position throughout the forecast period. In terms of end-user, the market can be divided into hospitals, ambulatory surgical centers, and others. The hospitals segment is expected to dominate the global market during the forecast period owing to large number of gastrointestinal surgeries performed in these facilities.

Global Gastric Electrical Stimulators Market: Regional Analysis

The global gastric electrical stimulators market can be segmented into five major regions: North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America is projected to account for the largest share of the global market between 2018 and 2026. Rise in the number of gastrointestinal surgical procedures performed in the U.S., high prevalence of gastroparesis, and favorable regulatory and reimbursement policies for GES are anticipated augment the market in the country. Rise in prevalence of obesity and diabetic gastroparesis in countries in Europe is expected to propel demand for GES in the country. Large patient pool and rapid adoption of western lifestyle leading to increased risk of chronic disorders such as obesity, diabetes, and gastrointestinal disorders in the developing countries including India and China are the key factors likely to augment the gastric electrical stimulators market in Asia Pacific.

Global Gastric Electrical Stimulators Market: Competitive Landscape

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Key players operating in the global gastric electrical stimulators market are Medtronic, Reshape LifeSciences, Inc., and IntraPace, Inc. These players invest in research and development to launch innovative products to expand product portfolio and customer base globally. For instance, Medtronic launched Enterra system, which stimulates the smooth muscles of the lower stomach and helps to control the chronic nausea and vomiting associated with gastroparesis. The device is the only FDA-approved gastric electric stimulator for the treatment of gastroparesis across the globe.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis

The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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