The global demand for Functional Electrical Stimulation Market is presumed to reach the market size of nearly USD XX MN by 2030 from USD XX MN in 2022 with a CAGR of XX% under the study period 2023 - 2030.
Functional Electrical Stimulation (FES) is a treatment in which low energy electrical impulses are administered to paralysed or weaker muscles caused by central nervous system injury. Electrodes are inserted on the skin above the muscle's core, and wires connect the electrodes to the stimulator, a small machine that generates the current. Functional electrical stimulation is suitable for people with conditions like spinal cord injury, cerebral palsy, stroke, traumatic brain injury, multiple sclerosis, etc. It increases the muscle strength in the target area and enhances people's independence and quality of life with certain disabilities.
Market Dynamics
The factor driving the demand for the functional electrical stimulation market is the increasing incidence of musculoskeletal and neurological disorders and trauma associated with spinal injuries. Increasing awareness regarding efficient treatment outcomes of functional electrical stimulation and a growing number of advanced product approvals regarding electrical stimulation are also contributing to the growth of this market. Moreover, the development of wireless portable muscle stimulators is projected to create several growth opportunities for the functional electrical stimulation market in the upcoming years. However, lack of usage guidelines and safety concerns and the availability of alternative therapies can hamper the growth of the functional electrical stimulation market.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of functional electrical stimulation. The growth and trends of functional electrical stimulation industry provide a holistic approach to this study.
Market Segmentation
This section of the functional electrical stimulation market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Cohesive Gel Implants
- Highly Cohesive Gel Implants
- Gummy Bear Gel Implants
By Shape
- Round
- Anatomical
- Tear Drop
By Indication
- Cosmetic Surgery
- Reconstruction Surgery
- Preventive Surgery
By End-User
- Hospitals
- Cosmetology Clinics
- Ambulatory Surgical Centres
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Functional Electrical stimulation market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Functional Electrical stimulation Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the functional electrical stimulation market include HASOMED GmbH, Bioness Inc., Trulife, Otto Bock, Odstock Medical Limited, Hobbs Rehabilitation, MotoMed, and others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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