Gastric Electric Stimulators Market
Global Market Study on Gastric Electric Stimulators: Favorable Reimbursement Scenario to Drive Revenues
Gastric Electric Stimulators Market Segmented By low frequency GES devices and high frequency GES devices with gastroparesis, obesity, refractory nausea Indication
More than 50% Revenue Contribution by the Leading Manufacturers
The gastric electric stimulators market is dominated by the key manufacturers who are competing on the basis of pricing in the market and have different regional presence in the gastric electric stimulators market. The leading manufacturers are engaged in expansion activities by making acquisitions, partnerships and collaborations. Medtronic Plc. and other key companies hold more than 50% revenue share in the global gastric electric stimulators market. These companies are continuously making efforts to expand their product portfolio in the gastric electric stimulators market. By undergoing acquisition, collaboration and partnerships, they are focusing on improving their regional footprints.
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- Medtronic Plc.
- IntraPace Inc.
- ReShape Lifesciences, Inc.
- Changzhou Ruishen Medical Equipment Co., Ltd
Development in Potential Treatment Options
Recent and continuing development in potential treatment options, advancement in techniques and devices have expanded the options for the treatment of gastroparesis. With innovations in gastrointestinal disorders, improving treatment possibilities, and the development of surgical instruments and robotic technology, gastrointestinal surgery have made progress to less invasive approaches in the recent years, which is expected to create growth opportunities for the gastric electric stimulators market.
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Growing Geriatric Population and Rising Prevalence of Gastroparesis
The geriatric population is at a high risk of developing gastrointestinal disease. The growing geriatric population is consequently expected to contribute to the demand for gastric electric stimulators.
Increasing cases of gastroparesis and diabetes and obesity related gastroparesis in the recent years have significantly increased the number of surgeries for gastroparesis, which further increased the demand of gastric electric stimulators. This is expected to be the prime factor driving the growth of the gastric electric stimulators market over the forecast period.
The number of gastroparesis-related hospitalization has increased in the U.S. and the economic impact of gastroparesis-related hospitalization is significantly increasing, which is projected to boost the demand for gastric stimulators in the near future.
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Favorable Reimbursements and Increasing Government Spending on Healthcare Infrastructure
As the burden of obesity and diabetes continues to increase, various health insurance schemes have been established, especially in under developed and developing economies, which are expected to support the growth of the market for gastric electric stimulators.
Increasing government spending on healthcare infrastructure is also expected to boost the growth of the gastric electric stimulators market. As per the Centers for Medicare and Medicaid Services, the overall healthcare spending in North America is expected to increase at an average of 4.6 percent per year during the period 2016–2019.
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This section of the report features profiles of key players operating in the gastric electric stimulators market based on their market shares, differential strategies, product offerings, marketing approach and company dashboard. Examples of some of the key players featured in this report include Medtronic Plc., ReShape Lifesciences, Inc., IntraPace Inc., and Changzhou Ruishen Medical Equipment Co., Ltd, among others.
The key manufacturers of gastric electric stimulators are focusing on manufacturing technologically advanced products to enhance the effectivity and patient compliance.
Gastric electrical stimulator is a programmable device that generates mild electrical pulses for gastric electric stimulation to treat intractable nausea, chronic and vomiting owing to gastroparesis. It is a small, battery-powered stimulator that generates controlled electrical pulses, which are delivered by electronic leads to the antrum portion of muscle wall of the stomach. It is used to treat patients with gastroparesis due to diabetes and patients with symptoms that cannot be controlled by medication.
About the Report
The company conducted a research study on gastric electric stimulators market for the forecast period 2016 to 2026. The gastric electric stimulators market report offers a comprehensive evaluation of the business opportunities prevailing in the gastric electric stimulators market along with insights on the current trends, and reimbursement scenario
The report offers a comprehensive taxonomy of gastric electric stimulators market based on product type, indication, end user and region. The gastric electric stimulators such as low frequency GES devices and high frequency GES devices are used for variety of indications including gastroparesis, obesity, etc. By indication type, the gastric electric stimulators market is segmented as gastroparesis, obesity, refractory nausea and others. The end-use segments in the gastric electric stimulators market include hospitals, and outpatients centers. The gastric electric stimulators market has been analyzed across regions of North America, Latin America, Europe, Asia Pacific and Middle East & Africa (MEA).
Additional Questions Answered
Some of the additional questions addressed in this report on gastric electric stimulators market-
- What is the revenue potential of gastric electric stimulators market across regions of North America and Europe?
- Who are the key competitors and what are their portfolios in gastric electric stimulators market?
- What are major challenges influencing the growth of gastric electric stimulators market?
- How intervention from regulatory authority is shaping the gastric electric stimulators market growth?
The gastric electric stimulators market has been estimated based on supply-demand approach. The market was first calculated based on procedures volume conducted in different region/countries using gastric electric stimulators. Other qualitative factors analyzed during volume estimation include awareness level for gastroparesis procedures and available electric stimulators for the respective procedures. This information is further validated with rigorous primary research (including interviews, surveys, in-person interactions, and viewpoints of seasoned analysts) and secondary research (including verified paid sources, authentic trade journals, and resourceful databases). The research study on gastric electric stimulators market also includes top trends and macro as well as micro economic factors shaping the gastric electric stimulators market. With this approach, the report on gastric electric stimulators market anticipates the industry attractiveness of every major segment in gastric electric stimulators over the forecast period.