Gastric Electrical Stimulators Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.8 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
Several factors have contributed to this upward trajectory: - **Rising Prevalence of Gastroparesis**: The increasing incidence of gastroparesis, particularly among individuals with diabetes, has heightened the demand for effective treatments like GES. - **Technological Advancements**: Innovations in GES devices, including the development of high-frequency stimulators, have enhanced treatment efficacy and patient outcomes. - **Growing Geriatric Population**: An aging global population is more susceptible to gastrointestinal disorders, thereby driving the need for GES interventions. Looking ahead, the market is poised for further growth between 2023 and 2033. Key drivers include: - **Increased Adoption of Minimally Invasive Procedures**: Patients and healthcare providers are favoring less invasive treatments, and GES offers a viable option for managing gastroparesis symptoms without extensive surgery. - **Expanding Applications**: Beyond gastroparesis, GES is being explored for other gastrointestinal disorders, potentially broadening its therapeutic scope. - **Geographical Market Expansion**: Emerging markets, particularly in the Asia-Pacific region, are expected to witness significant adoption of GES due to improving healthcare infrastructure and rising awareness. However, challenges such as high device costs, limited reimbursement policies in certain regions, and the need for specialized surgical expertise may impede market growth. Despite these hurdles, the overall outlook remains positive, with sustained advancements and increasing acceptance of GES therapies anticipated in the coming years.
Get an In-Depth Research Analysis of the Global Gastric Electrical Stimulators Market Size And Forecast [2025-2032]
The gastric electrical stimulators (GES) market has experienced notable growth from 2018 to 2022, with projections indicating continued expansion from 2023 to 2033. In 2024, the market size was valued at approximately USD 189 million, and it is anticipated to reach USD 267 million by 2030, reflecting a compound annual growth rate (CAGR) of 5.9%. citeturn0search3
Medtronic
Reshape LifeSciences
IntraPace
Stanford Health Care
Metacure
Medtronic
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Gastric Electrical Stimulators Market
Hospital
Outpatient Surgery Center
Based on Types the Market is categorized into Below types that held the largest Gastric Electrical Stimulators market share In 2023.
High Frequency Gastric Electrical Stimulator
Low Frequency Gastric Electrical Stimulator
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Gastric Electrical Stimulators Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Gastric Electrical Stimulators Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Gastric Electrical Stimulators Market, By Type
6. Global Gastric Electrical Stimulators Market, By Application
7. Global Gastric Electrical Stimulators Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Gastric Electrical Stimulators Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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