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Gastric Electric Stimulators Market

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Gastric Electric Stimulators Market will Account for

Around US$ 188.4 Mn by 2026-end | FMI Reports

March 2020

Report Id : REP-GB-8992

Published On : 25-Feb-2019

Category : Healthcare, Pharmaceuticals & Medical Devices

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Gastric Electric Stimulators Market Analysis

The worldwide uptake of gastric electric stimulators is anticipated to witness hefty demand

in 2019, representing a rigorous 6.6% y-o-y growth, while reaching a valuation of approx.

US$ 188.4 Mn in 2026. As per Future Market Insights (FMI) report on gastric electric

stimulators market for the forecast period 2018–2026, gastric electric stimulators’ demand

is anticipated to be accelerated by a host of pacesetters.

The FMI report on gastric electric stimulators market opines that sales of gastric electric

stimulators are likely to witness sheer proliferation in coming time, on the back of

burgeoning minimally invasive procedures, surging reported cases of gastroparesis, and

encouraging reimbursement schemes. Growing pervasiveness of gastroparesis has been

identified as the primary demand generating factor making gastric electric stimulators

highly preferred treatment substitute for such arduous diseases.

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Gastric Electric Stimulators Market Analysis

“Enterra system, a critical medical device which is highly used to treat Gastroparesis has

received FDA approval as a humanitarian use device, on the back of its potential to treat or

diagnose a disease or condition affecting approx. 4000 individuals annually in the United

States. Though conditionally, the American College of Gastroenterology (ACG) also

recommends adoption of gastric electric stimulators for individuals with chronic, stubborn

nausea and vomiting caused by Gastroparesis. The gastric electric stimulators, like Enterra,

is a battery-based gastric neuro stimulator, which is usually rooted under the skin in lower

abdomen part of the body”, Senior Analyst, FMI.

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.

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Gastric Electric Stimulators Market Analysis

High-Frequency Product Type Gaining Colossal Traction

According to the FMI report, high-frequency variant of gastric electric stimulators are

witnessing mammoth traction as being one of the most compelling product type, in

comparison to the low-frequency variant of gastric electric stimulators. The FMI gastric

electric stimulators market report opines that high-frequency variant of gastric electric

stimulators aren’t just minimally invasive and extremely patient-friendly in terms of

insertion, but also encompass comparatively longer battery life than the low-frequency

variant of gastric electric stimulators. Additionally, as per FMI analysis, with over 75% gastric

stimulators market share, high-frequency variant of gastric electric stimulators is likely to

ameliorate the Gastroparetic treatment landscape.

Though, gastric electrical stimulation makes the most viable treatment option for chronic

drug-refractory nausea and vomiting peripheral to Gastroparesis of idiopathic or diabetic

etiology, Enterra Therapy associated risks remain exceptionally high, thereby hampering the

adoption of gastric electric stimulators.

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Gastric Electric Stimulators Market Analysis

North America Gastric Electric Stimulators Market Remains Lucrative

FMI gastric electric stimulators report opines that North America is likely to retain its

dominance in the gastric electric stimulators market between 2018 and 2026. According to

the FMI report on gastric electric stimulators market, growing investments in medical

studies and R&D activities, continuing technical advancements and innovations, coupled

with the presence of several leading market players, are other key factors paving way for

lucrative opportunities in across North America gastric electric stimulators market.

According to gastric electric stimulators market report, the worldwide gastric electric

stimulators market will continue to remain highly consolidated with market Mughals

contributing approx. 5o% revenue share to global gastric electric stimulators market, owing

to their superior product offering and extensive demographic presence. Further, to

capitalize on the growing demand for gastric electric stimulators, leading market players are

poised to indulge into collaborations and acquisitions of local players, to reinforce their

market presence.

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Gastric Electric Stimulators Market Analysis

Source Link: https://www.globenewswire.com/news-

release/2019/02/27/1743391/0/en/Gastric-Electric-Stimulators-Market-Size-Worth-US-188-

4-Mn-by-2026-Future-Market-Insights.html

More from FMI’s Healthcare, Pharmaceuticals and Medical devices Market Intelligence:

• Urinary Tract Infection (UTI) Treatment Market

• Laboratory Information Systems (LIS) Market

• Peripheral Neuritis Treatment Market

About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver

syndicated research reports, custom research reports and consulting services which are

personalized in nature. FMI delivers a complete packaged solution, which combines current

market intelligence, statistical anecdotes, technology inputs, valuable growth insights and

an aerial view of the competitive framework and future market trends.

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© 2019 Future Market Insights, All Rights Reserved

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Gastric Electric Stimulators Market Analysis

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