Vagal Nerve Stimulation Market Research Report- Global Forecast till 2023

Vagal Nerve Stimulation Market Research Report- Global Forecast till 2023

ID: MRFR/HC/3065-HCRR | October, 2017 | Region: Global | 85 pages | Half-Cooked Research Reports

Vagal Nerve Stimulation (VNS) Market Information: By Product (Implantable VNS Devices and External VNS Devices), By Application (Depression, Epilepsy, Migraine, And Others), By End Users (Hospitals, Ambulatory Surgical Centers, And Others) - Global Forecast Till 2023 


Market Scenario


Vagal nerve stimulation or vagus nerve stimulation (VNS) is a treatment method that involves delivering electrical impulses to the vagus nerve. Vegas nerve acts as a translator between gut and brain. Gut uses the vagus nerve like a walkie-talkie and translates signals via electric impulses, which called action potentials. VNS treatment is used for certain types of intractable epilepsy, depression, and others. In most common cases, overstimulation of the vagus nerve causes fainting. Vagus nerve stimulation is a procedure, which involves implantation of a device that stimulates the vagus nerve with electrical impulses. This device is normally implanted under the skin below the patient’s clavicle. Lead wires from the generator are excavated up to the patient’s neck and wrapped around the left vagus nerve at the carotid sheath, where it delivers electrical impulses to the nerve. After successfully implanted, the generator sends electric impulses to the vagus nerve at a regular intervals.


Vagal nerve stimulation (VNS), may offer hope for patients who don’t improve with conventional depression treatment. A small battery-powered device like a pacemaker is inserted under the skin in the neck, from where it emits pulses of weak electrical current to stimulate part of the vagus nerve.


Increasing prevalence of neurological disorders, increasing investment of biotechnology and pharmaceutical industries in R&D, and rising need for the better treatment methods drives the growth of the market. Moreover, favorable reimbursement policies, increased application and significant investments in development of new technologies for the treatment of epilepsy, and other cardiac indications will fuel the market growth during the forecast period.


According to the WHO estimates, neurological disorders are responsible for 4.5%-11% of all illnesses including low or high income economies. This is far higher as compared to the number of respiratory ailments, gastrointestinal disorders, or cancers, and the burden is expected to increase further over the coming years.


However, higher cost of these treatment procedure may hamper the market growth during the corresponding period. As per Epilepsy Foundation, VNS therapy currently costs approximately USD 30,000, which includes the implant and surgical procedure and it is not affordable to the patients living in low income economies.


The global vagal nerve stimulation or vagus nerve stimulation market is expected to grow at a CAGR of ~ 8.68 % during the forecast period 2017-2023.


 


Intended Audience



  • Pharmaceutical Companies

  • Medical Devices Companies

  • Research and Development (R&D) Companies

  • Government Research Institute

  • Academic Institutes and Universities



Figure: Global Vagal Nerve Stimulation Market, By Region Market Share, 2016 (%)

Vagal Nerve Stimulation Market


Sources: Annual reports, Press release, White paper, Company presentation


Segmentations


The global vagal nerve stimulation market has been segmented on the basis of products, application, and end user.


On the basis of products, the market is segmented into implantable VNS devices and external VNS devices.


On the basis of application, the market is segmented into depression, epilepsy, migraine, and others.


On the basis of end user, the market is segmented into hospitals, ambulatory surgical centers, and others.


 


Regional Analysis


The Americas dominates the global vagal nerve stimulation market owing to well-developed technology, increasing prevalence neurological disorders, high healthcare spending, and increasing government support for research & development. Furthermore, increasing R&D activities and the presence of major companies have fuelled the growth of the market in this region.


Europe holds the second position in the global vagal nerve stimulation market. It is expected that the government support for research & development and availability of funds for research will drive the market in Europe region over the review period.


Asia Pacific is the fastest growing vagal nerve stimulation market owing to the presence of rapidly developing healthcare technology, huge patient population, and high healthcare expenditure. Moreover, increasing new opportunities in countries like China, India, Japan, and South Korea will make this as emerging and the fastest growing market across the globe. Furthermore, increasing demand for quality devices in the healthcare will lead to the use of advanced equipment, which, in turn, will increase the growth of the VNS devices in the region.


On the other hand, the Middle East & Africa holds the least share of the market due to limited availability of medical facilities, less availability of funds, and poor political conditions in Africa.


Key Players


Some of key the players in the market are LivaNova PLC (UK), EnteroMedics Inc. (US), ElectroCore Medical LLC (US), Boston Scientific Corporation (US), Cyberonics, Inc. (US), NeuroMetrix, Inc.(US), ImThera Medical (US), and Inspire Medical Systems, Inc.(US)


 


Research Methodology

Vagal Nerve Stimulation Market-


Sources: Annual reports, Press release, White paper, and Company presentation


 

BRIEF TOC    

Chapter 1.    Report Prologue    

Chapter 2.    Market Introduction  
 

      2.1    Definition    

      2.2    Scope of the Study    

            2.2.1    Research Objective    

            2.2.2    Assumptions    

            2.2.3    Limitations    

Chapter 3.    Research Methodology

      3.1    Introduction

      3.2    Primary Research    

      3.3    Secondary research    

      3.4    Market Size Estimation

Chapter 4.    Market Dynamics

      4.1    Drivers    

      4.2    Restrains

      4.3    Opportunities    

      4.4    Challenges

      4.5    Macroeconomic Indicators

      4.6    Technology Trends & Assessment            

Chapter 5.    Market Factor Analysis

      5.1    Porters Five Forces Analysis

            5.1.1    Bargaining Power of Suppliers    

            5.1.2    Bargaining Power of Buyers

            5.1.3    Threat of New Entrants    

            5.1.4    Threat of Substitutes    

            5.1.5    Intensity of Rivalry    

      5.2    Value Chain Analysis

      5.3    Investment Feasibility Analysis    

      5.4    Pricing Analysis

Chapter 6.    Global Vagal Nerve Stimulation Market, by Products

     6.1    Introduction

      6.2    Implantable VNS Devices 

            6.2.1    Market Estimates & Forecast, 2017 – 2023

      6.3    External VNS Devices

            6.3.1    Market Estimates & Forecast, 2017 – 2023

Chapter 7.    Global Vagal Nerve Stimulation Market, by Application

      7.1    Introduction

      7.2    Depression

            7.2.1    Market Estimates & Forecast, 2017 – 2023

      7.3    Epilepsy

            7.3.1    Market Estimates & Forecast, 2017 – 2023

      7.4    Migraine

            7.4.1    Market Estimates & Forecast, 2017 – 2023

Chapter 8.    Global Vagal Nerve Stimulation Market, by End User

      8.1    Introduction

      8.2    Hospitals

            8.2.1    Market Estimates & Forecast, 2017 – 2023

      8.3    Ambulatory Surgical Centers

            8.2.2    Market Estimates & Forecast, 2017 – 2023

      8.3    Others

Chapter 9.    Global Vagal Nerve Stimulation Market, by Region

      9.1    Introduction

      9.2    America

            9.2.1    North America

                9.2.1.1    US

                9.2.1.1    Canada

            9.2.2    South America

      9.3    Europe

            9.3.1    Western Europe

                9.3.1.1    Germany

                9.3.1.2    France

                9.3.1.3    Italy

                9.3.1.4    Spain

                9.3.1.5    UK

                9.3.1.6    Rest of Western Europe

            9.3.2    Eastern Europe

      9.4    Asia Pacific

            9.4.1    Japan

            9.4.2    China

            9.4.3    India

            9.4.4    Australia

            9.4.5    Republic of Korea

            9.4.6    Rest of Asia Pacific

      9.5    The Middle East & Africa

            9.5.1    United Arab Emirates

            9.5.2     Saudi Arabia

            9.5.3    Oman

            9.5.4    Kuwait

            9.5.5    Qatar

            9.5.6    Rest of the Middle East & Africa

Chapter 10    Company Landscape    

      10.1    Introduction    

      10.2    Market Share Analysis    

      10.3    Key Development & Strategies    

            10.3.1    Key Developments    

Chapter 11    Company Profiles    

      11.1    Boston Scientific Corporation

            11.1.1    Company Overview    

            11.1.2    Product Overview    

            11.1.3    Financials    

            11.1.4    SWOT Analysis    

      11.2    ElectroCore Medical LLC    

            11.2.1    Company Overview    

            11.2.2    Product Overview    

            11.2.3    Financial Overview    

            11.2.4    Key Developments    

            11.2.5    SWOT Analysis    

      11.3    EnteroMedics Inc

            11.3.1    Company Overview    

            11.3.2    Product Overview    

            11.3.3    Financial Overview

            11.3.4    Key Development    

            11.3.5    SWOT Analysis    

      11.4    LivaNova PLC

            11.4.1    Company Overview    

            11.4.2    Product/Business Segment Overview    

            11.4.3    Financial Overview    

            11.4.4    Key Development    

            11.4.5    SWOT Analysis    

      11.5    Cyberonics, Inc.

            11.5.1    Company Overview    

            11.5.2    Product Overview    

            11.5.3    Financial overview    

            11.5.4    Key Developments    

      11.6    NeuroMetrix, Inc.    

            11.6.1    Company Overview    

            11.6.2    Product Overview    

            11.6.3    Financial Overview    

            11.6.4    Key Developments    

      11.7    Inspire Medical Systems, Inc.

            11.7.1    Overview    

            11.7.2    Product Overview    

            11.7.3    Financials    

            11.7.4    Key Developments    

            11.7.5    SWOT Analysis    

    11.8    Others

Chapter 12    MRFR Conclusion    

      12.1    Key Findings    

            12.1.1    From CEO’s View Point    

            12.1.2    Unmet Needs of the Market    

      12.2    Key Companies to Watch    

      12.3    Prediction of Medical Devices industry

Chapter 13    Appendix

DATA TABLES

Table 1        Vagal Nerve Stimulation Industry Synopsis, 2017 – 2023

Table 2        Global Vagal Nerve Stimulation Market Estimates and Forecast, 2017 – 2023, (USD Million)

Table 3        Global Vagal Nerve Stimulation Market by Region, 2017 – 2023, (USD Million)

Table 4        Global Vagal Nerve Stimulation Market by Product, 2017 – 2023, (USD Million)

Table 5        Global Vagal Nerve Stimulation Market by Application, 2017 – 2023, (USD Million)

Table 6        Global Vagal Nerve Stimulation Market by End Users, 2017 – 2023, (USD Million)

Table 7        North America Vagal Nerve Stimulation Market by Product, 2017 – 2023, (USD Million)

Table 8        North America Vagal Nerve Stimulation Market by Application, 2017 – 2023, (USD Million)

Table 9        North America Vagal Nerve Stimulation Market by End Users, 2017 – 2023, (USD Million)

Table 10    US Vagal Nerve Stimulation Market by Product, 2017 – 2023, (USD Million)

Table 11    US Vagal Nerve Stimulation Market by Application, 2017 – 2023, (USD Million)

Table 12    US Vagal Nerve Stimulation Market by End Users, 2017 – 2023, (USD Million)

Table 13    Canada Vagal Nerve Stimulation Market by Product, 2017 – 2023, (USD Million)

Table 14    Canada Vagal Nerve Stimulation   Market by Application, 2017 – 2023, (USD Million)

Table 15    Canada Vagal Nerve Stimulation   Market by End Users, 2017 – 2023, (USD Million)

Table 16    South America Vagal Nerve Stimulation Market by Product, 2017 – 2023, (USD Million)

Table 17    South America Vagal Nerve Stimulation Market by Application, 2017 – 2023, (USD Million)

Table 18    South America Vagal Nerve Stimulation Market by End Users, 2017 – 2023, (USD Million)

Table 19    Europe Vagal Nerve Stimulation Market by Product, 2017 – 2023, (USD Million)

Table 20    Europe Vagal Nerve Stimulation Market by Application, 2017 – 2023, (USD Million)

Table 21    Europe Vagal Nerve Stimulation Market by End Users, 2017 – 2023, (USD Million)

Table 22    Western Europe Vagal Nerve Stimulation Market by Product, 2017 – 2023, (USD Million)

Table 23    Western Europe Vagal Nerve Stimulation Market by Application, 2017 – 2023, (USD Million)

Table 24    Western Europe Vagal Nerve Stimulation Market by End Users, 2017 – 2023, (USD Million)

Table 25    Eastern Europe Vagal Nerve Stimulation Market by Product, 2017 – 2023, (USD Million)

Table 26    Eastern Europe Vagal Nerve Stimulation   Market by Application, 2017 – 2023, (USD Million)

Table 27    Eastern Europe Vagal Nerve Stimulation Market by End Users, 2017 – 2023, (USD Million)

Table 28    Asia Pacific Vagal Nerve Stimulation Market by Product, 2017 – 2023, (USD Million)

Table 29    Asia Pacific Vagal Nerve Stimulation Market by Application, 2017 – 2023, (USD Million)

Table 30    Asia Pacific Vagal Nerve Stimulation   Market by End Users, 2017 – 2023, (USD Million)

Table 31    Middle East & Africa Vagal Nerve Stimulation Market by Product, 2017 – 2023, (USD Million)

Table 32    Middle East & Africa Vagal Nerve Stimulation Market by Application, 2017 – 2023, (USD Million)

Table 33    Middle East & Africa Vagal Nerve Stimulation   Market by End Users, 2017 – 2023, (USD Million)

 

FIGURES

Figure 1    Research Process

Figure 2    Segmentation for Global Vagal Nerve Stimulation Market

Figure 3    Segmentation Market Dynamics for Global Vagal Nerve Stimulation Market

Figure 4    Global Vagal Nerve Stimulation   market Share, by Product 2016

Figure 5    Global Vagal Nerve Stimulation   market Share, by Application 2016

Figure 6    Global Vagal Nerve Stimulation   Market Share, by End Users, 2016

Figure 7    Global Vagal Nerve Stimulation   Market Share, by Region, 2016

Figure 8    North America Vagal Nerve Stimulation   Market Share, by Country, 2016

Figure 9    Europe Vagal Nerve Stimulation   Market Share, by Country, 2016

Figure 10    Asia Pacific Vagal Nerve Stimulation   Market Share, by Country, 2016

Figure 11    Middle East & Africa Vagal Nerve Stimulation   Market Share, by Country, 2016

Figure 12    Global Vagal Nerve Stimulation   Market: Company Share Analysis, 2016 (%)

Figure 13    LivaNova PLC: Key Financials

Figure 14    LivaNova PLC: Segmental Revenue

Figure 15    LivaNova PLC: Geographical Revenue

Figure 16    EnteroMedics Inc: Key Financials

Figure 17    EnteroMedics Inc: Segmental Revenue

Figure 18    EnteroMedics Inc: Geographical Revenue

Figure 19    ElectroCore Medical LLC: Key Financials

Figure 20    ElectroCore Medical LLC: Segmental Revenue

Figure 21    ElectroCore Medical LLC: Geographical Revenue

Figure 22    Boston Scientific Corporation: Key Financials

Figure 23    Boston Scientific Corporation: Segmental Revenue

Figure 24    Boston Scientific Corporation: Geographical Revenue

Figure 25    Cyberonics, Inc.: Key Financials

Figure 26    Cyberonics, Inc: Segmental Revenue

Figure 27    Cyberonics, Inc: Geographical Revenue

Figure 28    NeuroMetrix, Inc..: Key Financials

Figure 29    NeuroMetrix, Inc.: Segmental Revenue

Figure 30    NeuroMetrix, Inc..: Geographical Revenue

Figure 31    Inspire Medical Systems, Inc.: Key Financials

Figure 32    Inspire Medical Systems, Inc.: Segmental Revenue

Figure 33    Inspire Medical Systems, Inc.: Geographical Revenue