Functional Electrical Stimulation Market size is projected to cross USD 1.7 Billion by 2036 growing at a CAGR of 4.6% during the forecast period i.e., 2024-2036. In the year 2023, the industry size of functional electrical stimulation was USD 605 Million. A survey by the US Department of Health stated that in 2019, Neurological conditions accounted for 47.39% of deaths per 100,000 population due to congenital abnormalities, infections, genetic disorders, malnutrition, lifestyle, and injuries to the central nervous system. Currently, people are becoming more aware of the healing potential, and medical technology advances that functional electrical stimulation (FES) has emerged with, as such a powerful tool for regaining mobility those patients dealing with neurological and motor conditions
According to the National Center for Health Statistics (NCHS) report on Motor Disorders, 2019, since 2017, there has been a 3.1% increase in motor conditions in the US, reaching 2.5 million cases in 2 years which is mainly due to a traumatic injury, loss or damage of limb(s), or any kind of spinal cord injury. This has led to a positive growth for the functional electrical stimulation industry, which is driven by several factors such as an aging population, a rise in neurological disorders like stroke and spinal cord injuries, and a desire for non-invasive, medication-free treatments.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~4.6% |
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Base Year Market Size (2023) |
~ USD 605 Million |
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Forecast Year Market Size (2036) |
~ USD 1.7 Billion |
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Regional Scope |
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Device Type (Wireless Devices, Wired Devices)
The wireless devices segment in the functional electrical stimulation market is estimated to gain a robust revenue share of 60% in the coming years owing to the several risks that are associated with wired functional electrical stimulation devices. Moreover, the healthcare and medicine industry is moving towards wireless devices, mainly to enhance the treatment experience. Currently, the global market is mainly dominated by the wired segment especially due to the relatively lesser cost of treatment. The market is growing, while keeping pace with the rapidly expanding wireless functional electrical stimulation industry.
Application (Stroke Patients, Paralyzed Patients)
The stroke segment in the functional electrical stimulation market is set to hold the largest revenue share by the end of 2036. There is a noticeable growth in demand and expansion of the global market for functional electrical stimulation treatments mainly because of the increase in stroke conditions. According to the World Stroke Organization-Lancet Neurology Commission Stroke Collaboration Group. The number of people dying because of stroke will increase from 6.6 million in 2020 to 9.7 million in 2050. This rapid growth in this segment is often seen in elderly people and any other person who is either partially paralyzed, has faced or is facing a stroke, and is unable to control their neuromuscular movements. It is expected, this market to continue its massive growth in the years ahead.
End-Use (Treating stroke patients, Paralyzed patients)
Over the coming years, we can expect to see remarkable growth in the functional electrical stimulation market due to the demand for the treatment for stroke patients. This growing industry includes various applications that provide targeted treatments for different neurological conditions for palatalized patients as well. According the report by the World Health Organization (WHO), there is more than 1 billion of the world’s population shows the sign of neurological disorders which need extensive medical care.
Our in-depth analysis of the global functional electrical stimulation market includes the following segments:
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Device Type |
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Application |
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End-Use |
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North American Market Forecast
The North America region was at the top spot for this functional electrical stimulation market in 2023, comprising about 4O% of total sales. This significant portion can be attributed to the growth in demand for products across the variety of industries in U.S., and Canada - all of which hold a great potential for growth and profitability. Pressure ulcers (PU) are a common complication that can cause psychological distress, as they have a detrimental impact on the quality of life this place a significant burden on healthcare systems with costs recently estimated at USD 6 to USD 15 billion per year in the US. The North America market also has an immense potential for extraordinary growth, driven by a dynamic mix of factors. These factors include a strong desire for the revolutionary treatments for several diseases, a rising use of the state-of-the-art technologies, high investments in healthcare breakthroughs, an expanding awareness amongst all the patients. Undoubtedly, the future looks incredibly promising for this market in the region.
APAC Market Statistics
The increase in the Asia-Pacific healthcare industry is expected to have a great beneficial influence on this market. As the region sees a rise in hospitals, homecare, and specialty centers the functional electrical stimulation market is expected to grow and drive the demand for the treatment of several neuromuscular conditions. This is projected to have a favorable effect on the market in the foreseeable future.
Author Credits: Radhika Gupta, Shivam Bhutani
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