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 : March, 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

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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