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Global Cranial Electrotherapy Stimulation Devices Market: By Method Type: Invasive or Transcranial, Non-Invasive or Wearable; By Application: Insomnia, Anxiety, Depression, Pain Management, Others; By End Use; Regional Analysis; Historical Market and Forecast (2015-2025); Competitive Landscape; Industry Events and Developments

Global Cranial Electrotherapy Stimulation Devices Market Outlook

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 10.4 billion in 2019. The neurological devices market is further expected to grow at a CAGR of 8% in the forecast period of 2020-2025 to reach a value of approximately USD 16.5 billion by 2025.

 

Rising Consumer Demand for Non-Invasive or Wearable Solutions to Augment the Growth of the Cranial Electrotherapy Stimulation Devices Industry

Based on method type, non-invasive or wearable solutions are expected to dominate the market over the forecast period. The growth of the segment can be attributed to the rising demand for non-invasive solutions to treat various disorders like attention deficit hyperactivity disorder (ADHA), obsessive-compulsive disorder, and anxiety and sleep disorder. As wearable devices are user-friendly and convenient in nature and do not require surgical insertion of the electrode, the demand for these devices are expected to rise in the forecast period. Based on application, cranial electrotherapy stimulation devices are most widely used in the treatment of insomnia, depression, and anxiety. The growing adoption of these devices in hospitals and mental health clinics is expected to significantly aid the overall industry growth.

Geographically, North America is expected to significantly contribute to the industry growth over the forecast period owing to the growing awareness among people regarding mental health and the availability of advanced healthcare facilities in the region.

 

Cranial Electrotherapy Stimulation Devices: Industry Definition and Segmentation

Cranial electrotherapy stimulation device is a small medical equipment that generates unique and patented waveforms, which are clinically proven to provide relief from anxiety, depression, and insomnia through a technique called cranial electrotherapy stimulation (CES). While using this device, current is administered to patients via clips that are attached to the ear lobes. This stimulates the cranium and brain with a current of less than 4 mA, which cannot be sensed by humans. Thus, cranial electrotherapy stimulation devices help induce a pleasant, relaxed feeling of well-being in patients without the risk of negative effects, such as addiction and tolerance to medications.

Based on method type, the market is bifurcated into:

  • Invasive or Transcranial
  • Non-Invasive or Wearable

Based on application, the industry can be segmented into:

  • Insomnia
  • Anxiety
  • Depression
  • Pain Management 
  • Others

On the basis of end use, the industry is categorised into:

  • Hospitals
  • Clinics
  • Home Setting
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Growing Occurrence of Depression and the Rising Awareness Regarding the Importance of Mental Health to Propel the Growth of the Cranial Electrotherapy Stimulation Devices Industry

The increase in the number of cases associated with poor mental health across the globe is driving the demand for effective treatment solutions that are non-invasive and free from side effects. Owing to the sedentary lifestyle and hectic schedule, a relatively large number of people are being diagnosed with poor mental health, which gives rise to various kinds of disorders. Among these disorders, depression is the most common and is greatly affecting the younger generation. The demand for cranial electrotherapy stimulation devices is growing as the stigma related to the treatment of mental health is now getting eliminated, and people are now becoming aware of its importance. Other factors like technological advancements, rising disposable incomes, increasing demand for convenient healthcare services, growing clinical trials, and rising government initiatives are also contributing to the industry growth. Over the forecast period, the new product launches and growing investments by the manufacturers in R&D activities are expected to have a positive effect on the expansion of the global cranial electrotherapy stimulation devices industry.

 

Key Industry Players in the Global Cranial Electrotherapy Stimulation Devices Market

The report gives a detailed analysis of the following key players in the global cranial electrotherapy stimulation devices market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Johari Digital Healthcare, Ltd
  • Electromedical Products International, Inc.
  • Neuro-Fitness LLC
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Cranial Electrotherapy Stimulation Devices Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Cranial Electrotherapy Stimulation Devices Historical Market (2016-2020) 
    8.3    Global Cranial Electrotherapy Stimulation Devices Market Forecast (2021-2026)
    8.4    Global Cranial Electrotherapy Stimulation Devices Market by Method Type
        8.4.1    Invasive or Transcranial
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Non-Invasive or Wearable
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Cranial Electrotherapy Stimulation Devices Market by Application
        8.5.1    Insomnia
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Anxiety
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Depression
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Pain Management 
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Others
    8.6    Global Cranial Electrotherapy Stimulation Devices Market by End Use
        8.6.1    Hospitals
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Clinics
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Home Setting
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Others
    8.7    Global Cranial Electrotherapy Stimulation Devices Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Johari Digital Healthcare, Ltd
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Electromedical Products International, Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Neuro-Fitness LLC
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Cranial Electrotherapy Stimulation Devices Market: Key Industry Highlights, 2016 and 2026
2.    Global Cranial Electrotherapy Stimulation Devices Historical Market: Breakup by Method Type (USD Billion), 2016-2020
3.    Global Cranial Electrotherapy Stimulation Devices Market Forecast: Breakup by Method Type (USD Billion), 2021-2026
4.    Global Cranial Electrotherapy Stimulation Devices Historical Market: Breakup by Application (USD Billion), 2016-2020
5.    Global Cranial Electrotherapy Stimulation Devices Market Forecast: Breakup by Application (USD Billion), 2021-2026
6.    Global Cranial Electrotherapy Stimulation Devices Historical Market: Breakup by End Use (USD Billion), 2016-2020
7.    Global Cranial Electrotherapy Stimulation Devices Market Forecast: Breakup by End Use (USD Billion), 2021-2026
8.    Global Cranial Electrotherapy Stimulation Devices Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Cranial Electrotherapy Stimulation Devices Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Cranial Electrotherapy Stimulation Devices Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Cranial Electrotherapy Stimulation Devices Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Cranial Electrotherapy Stimulation Devices Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Cranial Electrotherapy Stimulation Devices Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Cranial Electrotherapy Stimulation Devices Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Cranial Electrotherapy Stimulation Devices Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Cranial Electrotherapy Stimulation Devices Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Cranial Electrotherapy Stimulation Devices Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Cranial Electrotherapy Stimulation Devices Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Cranial Electrotherapy Stimulation Devices Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Global Cranial Electrotherapy Stimulation Devices Market Structure

Key Questions Answered in the Report

The global cranial electrotherapy stimulation devices market is being aided by the rising neurological devices market, which attained a value of about USD 10.4 billion in 2019.

The neurological devices market is projected to grow at a CAGR of 8% between 2020 and 2025 and is expected to support the growth of the cranial electrotherapy stimulation devices industry.

The neurological devices market is estimated to reach USD 16.5 billion by 2025 and is expected to continue to support the growth of the cranial electrotherapy stimulation devices industry.

The major drivers of the industry, such as the increasing demand for non-invasive or wearable methods, rising disposable incomes, increasing prevalence of poor mental health, growing awareness campaigns, favourable government initiatives, and growing cases of depression amongst youngsters, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the launch of improved products, growing R&D activities by the manufacturers, and rapid advancements in technology.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading method types in the market are invasive or transcranial and non-invasive or wearable.

The significant application segments in the industry are insomnia, anxiety, depression, and pain management, among others.

The major end use sectors in the market are hospitals, clinics, and home setting, among others.

The major players in the industry are Johari Digital Healthcare, Ltd, Electromedical Products International, Inc., and Neuro-Fitness LLC, among others.

Analyst Review

The global cranial electrotherapy stimulation devices market is being driven by the rising neurological devices market, which reached a value of about USD 10.4 billion in 2019. Aided by technological advancements, the neurological devices market is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 8% and is projected to reach USD 16.5 billion by 2025.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By method type, the market is divided into invasive or transcranial and non-invasive or wearable. On the basis of application, the industry is segmented into insomnia, anxiety, depression, and pain management, among others. Based on end use, the industry is segmented into hospitals, clinics, and home setting, among others. The major regional markets for cranial electrotherapy stimulation devices are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Johari Digital Healthcare, Ltd, Electromedical Products International, Inc., and Neuro-Fitness LLC, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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