Global Electroconvulsive Therapy Market, By Product Type, By Application (Major Depressive Disorder, Bipolar Disorder, Schizophrenia, Others), By End User, By Geography

Description

Global electroconvulsive therapy market size is expected to reach US$ 19.3 Mn by 2030, from US$ 16.1 Mn in 2023, exhibiting a compound annual growth rate (CAGR) of 2.6% during the forecast period.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023/2024:	US$ 16.1 Mn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023/2024 to 2030/2031 CAGR:	2.60%	2030/2031 Value Projection:	US$ 19.3 Mn

Figure 1. Global Electroconvulsive Therapy Market Share (%), By Region, 2023

Global Electroconvulsive Therapy Market - IMG1

Electroconvulsive Therapy (ECT) is a medical treatment most commonly used for patients with severe major depression or bipolar disorder that has not responded to other treatments. It involves a brief electrical stimulation of the brain while the patient is under anesthesia. Despite the stigma associated with its early use, ECT has significantly evolved and is considered a safe and effective intervention for certain psychiatric disorders. It was first introduced in 1930s, and has undergone numerous modifications in terms of both technique and safety. In modern practice, patients are given a muscle relaxant and put under general anesthesia before the procedure. Electrodes are placed at specific sites on the scalp, and a controlled electric current is passed through the brain, which causes a brief seizure. The mechanisms by which ECT works are still not fully understood, but it is believed to cause changes in brain chemistry that can quickly reverse symptoms of certain mental health conditions. ECT is typically administered two to three times a week, for a total of six to twelve treatments. The immediate side effects may include short-term memory loss, disorientation, and confusion, but these are usually transient. ECT can be life-saving, particularly for individuals with severe depression who are at high risk of suicide, or for those who cannot tolerate or do not respond to medication. As a treatment option, ECT must be considered with caution, and thorough discussions between the patient, their family, and the treatment team are necessary to address the risks and benefits. ECT is practiced under stringent medical guidelines to ensure patient safety and consent.

Market Dynamics:

Rising prevalence of mental health disorders such as treatment-resistant depression is a key driver augmenting the growth of global electroconvulsive therapy market. For instance, according to the World Health Organization (WHO), in 2020, more than 264 Mn people worldwide suffered from depression, and approximately 850,000 deaths are depression-related each year. Introduction of technologically advanced ECT devices with bilateral brief-pulse stimulus is further fueling the adoption.

However, side effects that are associated with ECT includes headache, nausea, confusion, and memory loss act as a major restraint. Development of targeted transcranial magnetic stimulation is an emerging opportunity.

Key features of the study:

This report provides in-depth analysis of the global electroconvulsive therapy market, and provides market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global electroconvulsive therapy market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Mecta, Ectron, Somatics, LLC., St.Jude Medical (Abbott), and among others
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global electroconvulsive therapy market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global electroconvulsive therapy market

Detailed Segmentation:

Global Electroconvulsive Therapy Market, By Product Type
- Unilateral Electroconvulsive Therapy
- Bilateral Electroconvulsive Therapy
Global Electroconvulsive Therapy Market, By Application
- Major Depressive Disorder (MDD)
- Bipolar Disorder
- Schizophrenia
- Others
Global Electroconvulsive Therapy Market, By End User
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Others
Global Electroconvulsive Therapy Market, By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Top Companies in the Global Electroconvulsive Therapy Market:
- Mecta
- Ectron
- Somatics, LLC.
- Jude Medical (Abbott)
- Among Others

Product Code: CMI6539

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global Electroconvulsive Therapy Market, By Product Type
- Global Electroconvulsive Therapy Market, By Application
- Global Electroconvulsive Therapy Market, By End User
- Global Electroconvulsive Therapy Market, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Increasing prevalence of mental disorders
- Risk of cognitive impairment
- Advances in ECT devices
Key Highlights
Regulatory Scenario
Recent Trends
PEST Analysis
PORTER's Analysis
Mergers, Acquisitions, and Collaborations

4. Global Electroconvulsive Therapy Market- Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Electroconvulsive Therapy Market, By Product Type, 2018-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
Unilateral Electroconvulsive Therapy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Bilateral Electroconvulsive Therapy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)

6. Global Electroconvulsive Therapy Market, By Application, 2018-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
Major Depressive Disorder (MDD)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Bipolar Disorder
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Schizophrenia
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)

7. Global Electroconvulsive Therapy Market, By End User, 2018-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
Hospitals & Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)

8. Global Electroconvulsive Therapy Market, By Region, 2018-2030, (US$ Mn)

Introduction
- Market Share Analysis, By Region, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Region, 2019 -2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Mn)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Mn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Mn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Mn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Mn)
GCC Countries
Israel
Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2018-2030,(US$ Mn)
North Africa
Central Africa
South Africa

9. Competitive Landscape

Company Profile
- Mecta
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- Ectron
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- Somatics, LLC.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- Jude Medical (Abbott)
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Analyst Views

10. Section

References
Research Methodology
About us