The Global Neurostimulation Devices Market Report Forecast to 2027 encompasses crucial aspects of the global Neurostimulation Devices industry vertical.The report is furnished with the latest information about product specifications and portfolio, technological advancement, product type, and manufacturing. Major factors such as revenue, costs, and gross margin are taken into consideration while formulating this report. The report provides extensive data concerning the key market players along with their SWOT analysis, financial standing, technological and product development, and recent strategic business expansion plans.
The increasing prevalence of neurological disorders, such as epilepsy, Dystonia, Parkinson’s diseases, is most likely to drive the demand for neurostimulation devices. Technological advancement in the healthcare infrastructure of several countries through the implementation of intelligent technologies is expected to boost the demand for the devices. 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.
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Key Highlights From The Report
- 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.
- Pain management is forecasted to grow with the fastest CAGR of 14.0%. The increasing incidence of chronic and acute pain disorders among patients suffering from neurological disorders is expected to increase the usage of neurostimulation devices for pain management.
- The Asia Pacific region is expected to be the fastest-growing region over the forecast period. The economic development and increasing Healthcare Budgetary Allocation in developing countries is expected to drive the growth of neurostimulation devices in the region.
- Key participants include BOSTON SCIENTIFIC CORPORATION, ST. JUDE MEDICAL, MEDTRONIC, NEURONETICS, INC., Codman & Shurtleff, Inc., NEVRO CORPORATION, INTRAPACE, Abbott Laboratories, LivaNova PLC, and Bayer AG, among others.
Neurostimulation Devices Market Segmentation:
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 Global Neurostimulation Devices Market can be geographically bifurcated on the basis of regional demand, output, and estimated revenue share. The most prominent regions dictating the global market include:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Germany, France, Italy)
- Asia Pacific (China, Japan, India, Korea)
- Latin America (Brazil, Argentina, Ecuador, Chile)
- Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)
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Global Neurostimulation Devices Market Report – Key Takeaways:
- The latest research report analyzes the changing competitive scenario.
- The report carries an unbiased perspective towards the global market performance.
- The study presents an eight-year assessment of the global market and its principal product segments.
- Market dynamics, such as drivers, opportunities, restraints, and threats, have been discussed in the report in detail.
- The analytical data and strategic planning methodologies are expected to aid businesses in decision-making
- The report serves as an exhaustive regional analysis of the global Neurostimulation Devices market, systematically presenting the business profiles of various stakeholders.
- Furthermore, the report provides valuable data about the critical factors influencing market progress.
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
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