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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. – PowerPoint PPT presentation

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Title: Vijay Kundekar (10)


1
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
2
AboutFuture Market Insights
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3
Research Methodology (1/2)
  • Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
FMI formulates a detailed discussion guide to conduct expert and industry interviews
FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts
FMI conducts interviews with industry experts, industry players, distributors and retailers
Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data
Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry
FMI delivers industry insights and information in the required format (PDF)
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SOLUTION
  • Market participants
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  • Mapping as per value chain
  • Key focus segments

Primary Research
Secondary Research
Paid Publications
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includes sources of databases
4
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
20182026, 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.
5
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 RD 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.
6
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 arent 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.
7
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 RD 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.
8
Gastric Electric Stimulators Market Analysis
  • Source Link  https//www.globenewswire.com/news-r
    elease/2019/02/27/1743391/0/en/Gastric-Electric-St
    imulators-Market-Size-Worth-US-188-4-Mn-by-2026-Fu
    ture-Market-Insights.html
  • More from FMIs Healthcare, Pharmaceuticals and
    Medical devices Market Intelligence
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    intelligence, statistical anecdotes, technology
    inputs, valuable growth insights and an aerial
    view of the competitive framework and future
    market trends.

9
Gastric Electric Stimulators Market Analysis
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10
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