The Global Neurostimulation Devices Market Report is a panoramic study of the overall Neurostimulation Devices Market published by Emergen Research and covers a wide-ranging analysis of the technological advancements and product developments in the Neurostimulation Devices Market. The report provides a detailed analysis of the key factors of the Neurostimulation Devices Market that are expected to have a positive impact on the growth of the Neurostimulation Devices Market industry.
The global neurostimulation devices market size was USD 7,830.33 Million in 2021 and is expected to register a revenue CAGR of 12.0% during the forecast period. Rise in neurological and lifestyle-related illnesses, as well as the world's rapidly growing geriatric population, are among the primary factors driving market revenue growth. In addition, patients' growing desire for Minimally Invasive (MI) procedures is also driving revenue growth of the market. For example, Deep Brain Stimulation (DBS), is a MI treatment that involves use of neurostimulation devices to transmit electrical signals to a specific location in the brain circuits.
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This aids in treatment of degenerative diseases including Parkinson's and Alzheimer's. Furthermore, technical advancements, such as development of devices that can electrically stimulate nerve system to recover vision and regain post-paralysis motor motions, are boosting the market's prospects. However, other factors driving market growth include significant increase in the medical industry, rising healthcare expenditures, and intensive Research & Development (R&D) efforts.
Rise in prevalence of lifestyle diseases, such as depression and chronic pain, is another driving market revenue growth. For example, according to WHO estimates, there are around 50 million instances of dementia worldwide, of which 60%-70% are Alzheimer's disease and 10 million new cases are added every year. Dementia is the world's fifth leading cause of death, while annual incidence rate of Parkinson's disease is 4.5-19 per 100,000 people.
Target Audience of the Global Neurostimulation Devices Market Report:
Key Market Players
Investors
Venture capitalists
Small- and medium-sized and large enterprises
Third-party knowledge providers
Value-Added Resellers (VARs)
Global market producers, distributors, traders, and suppliers
Research organizations, consulting companies, and various alliances interested in this sector
Government bodies, independent regulatory authorities, and policymakers
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The global Neurostimulation Devices market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Neurostimulation Devices market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Neurostimulation Devices market.
Emergen Research has segmented the global neurostimulation devices based on product type, application, and region:
-
Product Type Outlook (Revenue, USD Million; 2019–2030)
- Sacral Nerve Stimulator
- Spinal Cord Stimulator
- Vagus Nerve Stimulator
- Gastric Electric Stimulators
- Deep Brain Stimulators
-
Application Outlook (Revenue, USD Million; 2019–2030)
- Epilepsy
- Depression
- Dystonia
- Gastroparesis
- Pain management
- Urinary and Fecal Incontinence
- Essential Tremor
- Parkinson’s Disease
- Others
Radical Highlights of the Neurostimulation Devices Market Report:
Comprehensive overview of the Neurostimulation Devices market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Neurostimulation Devices market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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Competitive Outlook:
The global Neurostimulation Devices market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Neurostimulation Devices market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Based on the competitive landscape, the market report analyzes the key companies operating in the industry:
Abbott Laboratories, Aleva Neurotherapeutics SA, Boston Scientific Corporation, Medtronic plc, Nevro Corporation, NeuroPace Inc., Sceneray Corporation, Limited, Renishaw Plc., Beijing PINS Medical Co. Ltd, NeuroSigma Inc., and others.
Regional Bifurcation of the Neurostimulation Devices Market Includes:
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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