The global Neurostimulation Devices Market will be worth USD 13.70 Billion by 2027, according to a current analysis by Emergen Research. The Global Neurostimulation Devices Market Report offers extensive knowledge and information about the Neurostimulation Devices market pertaining to market size, market share, growth influencing factors, opportunities, and current and emerging trends. The growth of this market can be attributed to the increasing prevalence of chronic nervous disorders. The rising demand for minimally invasive surgeries due to the growing preference among patients and doctors for faster recovery and shorter hospital stays is expected to drive the growth of neurostimulation devices. These facts and figures help readers evaluate the global market growth, production, and consumption rates, volatility in demand and product prices, and upcoming market trends over the projected period.
The increasing prevalence of neurological disorders, such as epilepsy, Dystonia, Parkinson’s diseases, is most likely to drive the demand for neurostimulation devices. The report is formulated with the updated and latest information of the global Neurostimulation Devices market further validated and verified by the industry experts and professionals. The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. Technological advancement in the healthcare infrastructure of several countries through the implementation of intelligent technologies is expected to boost the demand for the devices.
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Key Highlights From The Report
- In 2019, Medtronic launched the Intellis platform for the management of certain types of chronic intractable pain. The platform was designed to overcome limitations with current spinal cord stimulation (SCS) systems, such as battery performance, and can power the Evolve workflow. It can track patients 24/7 and help in monitoring chronic pain.
- The spinal cord stimulator segment held the largest market share of 46.2% in 2019. The rising need for treating spinal injuries and neuropathic pain is most likely to increase the demand for the Spinal Cord Stimulators across the globe.
The latest research report by Emergen research, named ‘Global Neurostimulation Devices Market – Forecast to 2027’, entails a comprehensive review of the global Neurostimulation Devices market’s present and future trends. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market. Implementation of advanced technologies such as Artificial intelligence and machine learning is helping in the development of smart neuromodulation, which is most likely to benefit the patients suffering from brain damage. The pandemic has led to some devastating effects on the global economy, besides disrupting the functioning of the Neurostimulation Devices industry. It offers an exhaustive analysis of the present and future effects of the pandemic on this business sphere. Moreover, the adverse effects of the coronavirus pandemic on the global Neurostimulation Devices market, as well as its fundamental segments, have also been elucidated in this report.
Top Key Players Are:
BOSTON SCIENTIFIC CORPORATION, ST. JUDE MEDICAL, MEDTRONIC, NEURONETICS, INC., Codman & Shurtleff, Inc., NEVRO CORPORATION, INTRAPACE, Abbott Laboratories, LivaNova PLC, and Bayer AG, among others.
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Additionally, the report provides an extensive analysis of the Neurostimulation Devices market, including key data, such as factors influencing the growth of the market, buyers and vendors, production and consumption, and revenue. Furthermore, the report provides a comprehensive overview of the Neurostimulation Devices market along with product portfolio and market performance. The report offers key insights into market share, supply chain analysis, demand and supply ratio, import/export details, and product and consumption patterns. To gain a better understanding, the report is further segmented into sections such as product types offered by the market, application spectrum, companies, and key geographical regions where the market has established its presence.
Emergen Research has segmented the global Neurostimulation Devices Market on the basis of Product, Application, and region:
- Product Outlook (Revenue, USD Billion; 2017-2027)
- Sacral Nerve stimulator
- Spinal Cord Stimulator
- Vagus Nerve Stimulator
- Gastric Electric Stimulators
- Deep Brain Stimulators
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Epilepsy
- Depression
- Dystonia
- Gastroparesis
- Pain management
- Urinary and Fecal Incontinence
- Essential Tremor
- Parkinson’s Disease
- Others
The report aims to deliver a comprehensive understanding of the Neurostimulation Devices market growth and expansion in each key region of the world. It offers accurate estimations about the expected market size and growth over the projected timeline of 2020-2027.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Neurostimulation Devices Market Segmentation & Impact Analysis
4.1. Neurostimulation Devices Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Rising geriatric population
4.2.2.2. Technological advancements in neurostimulation devices
4.2.2.3. Increasing global prevalence of chronic diseases
4.2.2.4. Rising investments on the Research and Development of the neurostimulation devices
4.2.2.5. Rising demand for minimally invasive surgeries
4.2.2.6. Growing prevalence of health disorders based on unhealthy lifestyle habits
4.2.3. Market restraints analysis
4.2.3.1. Stringent regulations on device approval
4.2.3.2. Presence of alternative therapeutic procedures
4.2.3.3. Adverse effects and risks associated with neurostimulation devices
4.2.3.4. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Neurostimulation Devices Market By Product Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
5.1. Product Dynamics & Market Share, 2019 & 2027
5.1.1. Sacral Nerve stimulator
5.1.2. Spinal Cord Stimulator
5.1.3. Vagus Nerve Stimulator
5.1.4. Gastric Electric Stimulators
5.1.5. Deep Brain Stimulators
Continue…
Report Highlights:
- The report scrutinizes the salient factors influencing the growth of the market in the near future.
- Besides offering a vivid depiction of the global Neurostimulation Devices business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.
- The report includes information on the present and historical market scenarios, which helps forecast the market conditions over the next eight years (2020-2027).
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