Electroconvulsive Therapy Devices Market Size is valued at USD 16.12 Mn in 2023 and is predicted to reach USD 18.79 Mn by the year 2031 at a 2.01% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
Electroconvulsive Therapy (ECT) devices are specialized medical instruments used to administer ECT, a procedure where seizures are electrically induced in patients under general anesthesia to treat severe mental and psychological illnesses such as major depressive disorder, bipolar disorder, and treatment-resistant schizophrenia. These devices, equipped with electrode pads or caps, a control panel, and monitoring systems, allow healthcare professionals to carefully control and monitor the electric current delivered to the patient's brain, adjusting for intensity, frequency, and duration of pulses. Advances in ECT device technology, anesthesia, and procedural techniques have significantly enhanced the safety and efficacy of ECT, making it a crucial, though sometimes debated, treatment option for certain psychiatric conditions.
It is driven by factors such as the high prevalence of mental disorders as well as increasing demand for technological advancements and increasing awareness among the public. However, side effects such as memory loss associated with ECT may obstruct market growth during the forecast period.
The Electroconvulsive Therapy Devices Market is segmented based on product type and end-user. Based on type, the global electroconvulsive therapy devices market is segmented as unilateral and bilateral. The Electroconvulsive Therapy market is segmented by end-user into hospitals, specialty clinics, mental hospitals, and others.
With time, ECT has come to be recognised as a successful treatment for a number of mental health conditions, including bipolar disorder and severe depression. A greater number of referrals and uses of ECT services inside hospitals may result from this raised awareness. Also, the ECT process is now safer and more bearable for patients thanks to technological advancements in monitoring systems, electrode insertion procedures, and anaesthesia. Hospitals that make these technological investments can experience a rise in the demand for ECT treatments.
Bilateral Electroconvulsive Therapy is a procedure that includes two electrodes placed on the head, and an electric current is delivered through both sides of the brain. This produces bilateral seizures. These Seizures generally last for 25 seconds or even up to one minute. The Procedure depends on factors like age, health condition, seizure threshold, etc.
The market for electroconvulsive treatment in North America is driven by the rise in mental health diseases, growing knowledge of the advantages of ECT, the creation of new equipment, and favourable reimbursement rules. The increasing prevalence of mental diseases is one of the primary factors propelling progress in this field. The cost ratio estimates that one in five Americans experience mental illness. according to a research by the National Alliance on Mental Illness. The increased acceptability of ECT therapy, the development of short pulse therapy devices, and the placement of unilateral electrodes have made it a more popular and successful treatment choice.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 16.12 Mn |
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Revenue Forecast In 2031 |
USD 18.79 Mn |
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Growth Rate CAGR |
CAGR of 2.01% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Mn and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type, End-User |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea |
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Competitive Landscape |
Mecta Corporation, Ectron Ltd., Somatic LLC, Abbott, Soterix Medical Inc and Others |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Electroconvulsive Therapy Devices Market Snapshot
Chapter 4. Global Electroconvulsive Therapy Devices Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Type Estimates & Trend Analysis
5.1. by Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Type:
5.2.1. Un?l?t?r?l
5.2.2. ??l?t?r?l
Chapter 6. Market Segmentation 2: by Application Estimates & Trend Analysis
6.1. by Application & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:
6.2.1. ?????t?l?
6.2.2. ??????lt? ?l?n???
6.2.3. ??nt?l ?????t?l?
6.2.4. ?th?r?
Chapter 7. Electroconvulsive Therapy Devices Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Electroconvulsive Therapy Devices Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
7.1.2. North America Electroconvulsive Therapy Devices Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
7.1.3. North America Electroconvulsive Therapy Devices Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.2. Europe
7.2.1. Europe Electroconvulsive Therapy Device Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
7.2.2. Europe Electroconvulsive Therapy Devices Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
7.2.3. Europe Electroconvulsive Therapy Devices Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.3. Asia Pacific
7.3.1. Asia Pacific Electroconvulsive Therapy Devices Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
7.3.2. Asia Pacific Electroconvulsive Therapy Devices Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
7.3.3. Asia Pacific Electroconvulsive Therapy Devices Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.4. Latin America
7.4.1. Latin America Electroconvulsive Therapy Devices Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
7.4.2. Latin America Electroconvulsive Therapy Devices Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
7.4.3. Latin America Electroconvulsive Therapy Devices Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.5. Middle East & Africa
7.5.1. Middle East & Africa Electroconvulsive Therapy Devices Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
7.5.2. Middle East & Africa Electroconvulsive Therapy Devices Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
7.5.3. Middle East & Africa Electroconvulsive Therapy Devices Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. Mecta
8.2.2. Ectron
8.2.3. I.E. Somatic
8.2.4. St.Jude Medical
8.2.5. Other Prominent Players
Electroconvulsive Therapy Devices Market By Type-
Electroconvulsive Therapy Devices Market By End-User-
Electroconvulsive Therapy Devices Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
