Pune, India, 08 March, 2016 /MRFR Press Release/- Market research future has a half cooked research report on global neurostimulation devices market. The global market for neurostimulation devices is growing continuously and expected to reach USD ~11.5 billion by the end of 2022.
Market Highlights
The global neurostimulation devices market has been evaluated as steadily growing market and it is expected that the market will continue to grow similarly in the near future. Neurostimulation is a doctor-supervised brain stimulation process designed for the patients with neurological and nervous system disorders such as dystopia, Parkinson’s disease, epilepsy, urinary and fecal incontinence, gastroparesis, pain management, tremors etc. Neurostimulation is basically the modulation of the activity of nervous system with the use of invasive and non-invasive techniques. The companies such as Medtronic, St. Jude Medical, Boston Scientific Corporation, Nevro Corporation are the major players in the neurostimulation devices market. These device manufacturers are investing a lot of money in research & development so as to develop novel products with the advanced technology such as the minimally invasive transdermal neuromodulation technology. The new product launched by St Jude Medical in 2016, St. Jude Medical Infinity (TM) Deep Brain Stimulation System (DBS) targets at treating patients suffering from tremor, Parkinson’s disease, and dystonia. The product innovation and technological advancement in the devices are more likely to boost the market of neurostimulation devices in the near future.
The increased number of neurological disorders, rising number of cases of chronic pain management and Parkinson’s disease, increasing use of the neurostimulator devices in cognitive stimulation therapy, product innovation in the neurostimulation device segment are some of the factors that are driving the growth of the neurostimulation devices market. However the various adverse effects caused due to the neurostimulation therapy, increasing neurological irregularities in the patients after the neurostimulation therapy, FDA’s disapproval for use of neurostimulation therapy for the patients suffering from depression, better substitutes for the neurostimulation therapy in the treatment of neurological disorders are some of the factors causing hindrance in the growth of neurostimulation devices market.
Taste the market data and market information presented through more than 50 market data tables and figures spread over 80 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Neurostimulation devices Market Research Report –Global Forecast to 2022.
Global Neurostimulation devices Market Players:
There are plenty of large and small market players which operate in this market all over the globe. The major participants of this market are Autonomic Technologies, Boston Scientific, ElectroCore, ImThera Medical, Inspire Medical Systems, LivaNova (Cyberonics), Medtronic, NeuroMetrix, NeuroPace, Neuros Medical, NeuroSigma, Nevro Corporation, SPR Therapeutics, St.Jude Medical, Synapse Biomedical, and others.
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Regional Analysis
:
Depending on geographic region, neurostimulation devices market is segmented into four key regions:Â Americas, Europe, Asia-Pacific, and Middle East & Africa. Considering the global scenario of the market, Americas region is believed to be the largest market for neurostimulation devices. North America is the leading market in the America region. Moreover the European market is also growing continuously and slowly catching up with the American market in the near future. On the other hand, Asia-Pacific market is expected to grow at the fastest pace in the neurostimulation devices segment during the forecast period. Middle East & Africa region are likely to have a limited but steady growth in the market.
Segmentation:
Neurostimulation devices market has been segmented on the basis of type which comprises of implantable devices, and external devices. Implantable devices include deep brain stimulators, spinal cord stimulators, sacral nerve stimulators, gastric electric stimulators, cochlear implants, vagus nerve stimulators; whereas external devices include transcutaneous electrical nerve stimulator, and transcranial magnetic stimulator. On the basis of application, the market is segmented into dystonia, epilepsy, Parkinson's disease, depression, gastroparesis, pain management, tremors, urinary and fecal incontinence, and others. On the basis of end user, market is segmented into hospitals/clinics, cognitive care centers, research institutes, and others.
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