Gastric Electrical Stimulators Market Size, Share, And Growth Report 2032

Gastric Electrical Stimulators Market: Industry Perspective

The global Gastric Electrical Stimulators market size was worth around USD 242.35 million in 2023 and is predicted to grow to around USD 409.45 million by 2032 with a compound annual growth rate (CAGR) of roughly 6.00% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD million). The report covers a forecast and an analysis of the Gastric Electrical Stimulators market on a global and regional level.

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Gastric Electrical Stimulators Market: Overview

Gastric electrical stimulators are small battery operated neurostimulators that are implanted beneath the skin in the lower abdomen area to treat gastroparesis. It consists of insulated wires that are implanted in the muscle wall of the stomach and then connected to the neurostimulator which delivers mild electric pulses that stimulate the lower stomach and control symptoms like vomiting and chronic nausea in patients aged from 18 to 70 years. Currently, there is only one type of therapy approved by the U.S. FDA in the market for the treatment of gastroparesis known as the Enterra therapy system which is based on the humanitarian device exemption.

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Macro-economic indicators such as healthcare industry outlook, healthcare spending, research funding, GDP along with company websites, company annual reports, white papers, financial reports, and other sources have also been considered to arrive at the indicated market numbers.

The study also includes drivers and restraints for gastric electrical stimulators along with the impact they have on the demand over the forecast period. Besides, the report includes the study of opportunities and trends available in the gastric electrical stimulators market on a global level. The growing prevalence of gastroparesis is one of the major factors driving the market growth of gastric electrical stimulators market globally. Besides, favorable reimbursement policies and support from regulatory bodies to manage this rare condition are other factors driving the market growth.

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Gastric Electrical Stimulators Market: Segmentation

The study provides a decisive view of the gastric electrical stimulators market by segmenting the market based on product, end user, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Based on the product the market is bifurcated into low frequency gastric electrical stimulators and high frequency gastric electrical stimulators. The low-frequency gastric electrical stimulators segment held the major share of the market.

On the basis of end users, the market is divided into clinics, ambulatory surgical centers, hospitals, and others. The hospital's segment held the major share of the market and is likely to grow at a high CAGR in the forecast period since these devices at the time require longer hospital stays.

Gastric Electrical Stimulators Market: Report Scope

Gastric Electrical Stimulators Market: Regional Analysis

Regional segmentation includes the current and forecast demand for the Asia Pacific, North America, Latin America, Europe, and Middle East & Africa with its further bifurcation into major countries. North America held the major share of the market in 2023 owing to a large number of gastrointestinal procedures being carried out in this region along with a high prevalence rate of gastroparesis and favorable reimbursement scenario, especially in the U.S.

Gastric Electrical Stimulators Market: Competitive Players

The report also provides a company market share analysis in order to give a broader view of the key players in the market. Industry insights and information is delivered in the required format. ZMR develops a list of industry players (manufacturers), distributors, retailers, and industry experts. Currently, Medtronic Plc is the company offering gastric electrical stimulators in the market.

• Medtronic
• Reshape LifeSciences
• IntraPace
• Stanford Health Care
• Metacure

The Global Gastric Electrical Stimulators Market is segmented as follows:

Global Gastric Electrical Stimulators Market: Product Segment Analysis

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

Global Gastric Electrical Stimulators Market: End User Segment Analysis

• Hospitals
• Ambulatory Surgical Centers (ASC’s)
• Clinics
• Others

Global Gastric Electrical Stimulators Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa