Functional Electrical Stimulation Device FES Market Insights Video
According to Cognitive Market Research, the global Functional Electrical Stimulation Device FES market size will be USD 625.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.50% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 250.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 187.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 143.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 31.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 12.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Ambulatory Surgical Centers are the fastest-growing end-user category in the Functional Electrical Stimulation (FES) market. The rapid growth of ASCs can be attributed to the increasing shift towards outpatient care
