Johari Digital Healthcare, Ltd, Electromedical Products International, Inc., and Neuro-Fitness LLC, among others, are the major players in the global cranial electrotherapy stimulation devices market.
The global cranial electrotherapy stimulation devices market is being aided by the growth of the neurological devices market, which reached a value of about USD 11.2 billion in 2020. The neurological devices market is further expected to grow at a CAGR of 7.8% in the forecast period of 2021-2026 to reach a value of approximately USD 17.5 billion by 2026. As per the analysis by Expert Market Research, the market is expected to be driven by the growth of the neurological devices market.
The market is being driven positively by the growing occurrence of depression and poor mental health affecting the younger generation. Certain factors such as growing awareness campaigns, favourable government initiatives, technological advancements, and new product launches are fuelling the market growth of cranial electrotherapy stimulation devices. Furthermore, increasing demand for non-invasive or wearable methods and rising disposable incomes are aiding the industry. The market is expected to be aided by the new product launches and rising investments by the manufacturers in R&D activities, which is predicted to have a positive effect on the market growth over the forecast period. Region-wise, North America is anticipated to be one of the major regions in the industry in the upcoming years. This could be attributed to the growing global awareness regarding issues like mental health and the availability of advanced healthcare facilities in the area.
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The major players in the global cranial electrotherapy stimulation devices market include Johari Digital Healthcare, Ltd and Electromedical Products International, Inc. Johari Digital Healthcare, Ltd offers Wellstim, a pain and stress solution that uses cranial electrotherapy stimulation, ultrasound and electrotherapy for treating multiple patients simultaneously. The device can treat insomnia, anxiety, and pain relief for acute and sub-acute traumatic and inflammatory conditions, chronic rheumatoid, arthritic, and bone metastasis pains. Electromedical Products International, Inc provides Alpha-Stim, a cranial electrotherapy stimulation device for treating pain, anxiety and insomnia. The growing adoption of these devices by hospitals and mental health clinics is further boosting the market growth of cranial electrotherapy stimulation devices.
Headquarters: Jodhpur, Rajasthan, India
Johari Digital Healthcare, Ltd is an Indian medical device manufacturing company. The company is a renowned OEM manufacturer, and one of the first MDSAP and US FDA certified GMP audited companies in India. It provides solutions for pain and stress relief, physical therapy, and muscle conditioning for companies in the life science, bioscience, and healthcare industries. It owns a DSIR recognised research and development unit in India.
Headquarters: Texas, United States
Electromedical Products International, Inc is an American company that develops, manufactures and markets advanced medical technologies globally. It offers medical, surgical, ophthalmic, and veterinary instruments and apparatus. It also provides drug-free treatments for treating pain, anxiety, insomnia, and depression using its cranial electrotherapy stimulation devices such as Alpha-Stim. The products and accessories offered by the company are FDA cleared in the United States, CE authorised in Europe and approved throughout Asia.
Headquarters: Washington, United States of America
Neuro-Fitness LLC is a US-based company that provides solutions for stress-related conditions of anxiety and insomnia. The company manufactures FDA regulated and approved CES Ultra products in the United States, which are effective, non-invasive, affordable, and portable for treating insomnia and anxiety without side effects or use of drugs. The products are supplied to nursing homes, retirement centres, medical doctors, and counsellors.
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