Electronic Aspirin Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Electronic Aspirin Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : October, 2020 | Medical Devices | PPT format

Report Digest


Global Electronic Aspirin Market: Snapshot

Electronics aspirin refers to a medical technology driven by and for patients to relieve pain, e.g., cluster headaches, migraines, and other types of head and facial pain.

Developed by a California-based medical technology company, it involves placing a nerve-stimulated implant in the patient’s upper gum area on the face where the patient experiences most pain. The permanently embedded insert comprises a pointed tip that connects with the SPG bundle of nerves. In the event of a headache, the patient can place a hand-held remote control device on the cheek area nearest to the implanted device.

When the remote is pressed, a slight electrical charge stimulates nerve cells, which acts to block the pain signals discharged. The control of the device is completely with the patient, it can be turned on or turned off at the patient’s discretion.

Prior to this, the process of inserting the device is fairly simple and involves minimally invasive surgery with minimal side effects. The procedure involves delivering a low-level electrical stimulation to the sphenopalatine ganglion (SPG) nerve cluster.

Electronics aspirin is not prevented by health conditions, and can be used for anyone with allergies, heart disease, and high blood pressure, whereas medications such as sumatriptans and analgesics need to be taken under physician care due to side effects such as allergies, high blood pressure, and weight gain.

As per statistics of the Global Burden of Disease Study, headache is the third-leading cause of years lost due to dysfunction. People mostly do not realize how headache poses an unacknowledged burden including battling through symptoms such as dizziness, nausea, and throbbing pain. It also impacts family, social and work life.

Global Electronic Aspirin Market: Overview

Paralyzing headaches have become common in several parts of the world. Often related to stress, genetics, and lifestyle choices, these headaches are known to impair normal functions for patients. Known as cluster headaches, which can be mistaken as a symptom for several other incidents, they are felt in and around one eye. Also referred to as migraines, these headaches can lead to swelling, nasal congestion, and tearing. Patients often resort to self-medication, taken in the form of Aspirin to calm the stabbing pain. In a bid to help these patients, researchers are developing electronic aspirin for an effective management of this condition. 

The research report by TMR Research provides a detailed outlook of the global electronic aspirin market. It highlights the market dynamics that will come to define the trajectory of the overall market between the forecast years of 2017 and 2025 

Global Electronic Aspirin Market: Key Trends

The World Health Organization (WHO) states that the migraines are among the top 20 reasons for dysfunctional living across the globe. The organization also states that pain management is the primary treatment being adopted for controlling the intensity of migraines. For the same purpose, patients are advised to take medication to relieve pain and continue with regular functions of life. 

However, with technological advancements such as electronic aspirin are aimed at offering patients relief through implantable devices. This technology is devised blocks sphenopalatine ganglion (SPG) signals, which denote headaches. This medical technology refers to implantation of a nerve stimulation device at the side of the head or in the upper gum. The tip of the implant will connect to SPG bundle, which can be lightly touched by a handheld remote controller just as the patient feels the headache. The signals emitted by the device will stimulate SPG nerves and block the pain-inducing neurotransmitters. 

Global Electronic Aspirin Market: Market Potential

Autonomic Technologies Inc. (ATI) in Redwood City, California is in the process of evaluating this impressive device. ATI, who also the maker of ATI Neurostimulation System showed that the device is capable of effectively treating the cluster headaches and improving the overall quality of life. The study included 22 patients, of which 70% benefited with the device reporting a 50% reduction in pain over a period of four weeks. The ATI Neurostimulation System was approved by the U.S. FDA for testing in domestic waters in August 2014. Currently the device remains under intensive study and is expected to be thoroughly investigated over a period of several years before it is offered to patients commercially. 

Global Electronic Aspirin Market: Regional Outlook

In terms of geography, the global electronic aspirin market is segmented into North America, Latin America, the Middle East and Africa, Asia Pacific, and Europe. The demand for electronic aspirin will remain high in regions that are known to have a high prevalence of patients suffering with headaches. However, its premise of being an implantable device could restrict its growth in developing countries and emerging economies, where technology is not upgraded frequently. Therefore, analysts suggests that the demand for electronic aspirin will show steady growth in developed countries of the U.S. and Canada along with other European nations. The overall acceptance of technology in this region is expected to bolster the growth of the electronic aspirin market in the aforementioned places. 

On the other hand, the Asia Pacific, Latin America, and Africa healthcare industry is in the emerging phase. Thus, the demand for implantable devices is slow but a steady. However, the emergence of medical tourism industry in these regions, growing investments in research and development, and increasing access to medical facilities are expected to drive the demand for electronic aspirin in these regions. 

Key Players Mentioned in this Report are:

Currently, Autonomic Technologies, Inc. is the sole company investigating the future of electronic aspirin

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?