The latest report, titled ‘Global Neurostimulation Devices Market,’ comprises a profound analysis of the fundamental parameters contributing to the global Neurostimulation Devices Market scenario. The research report provides the reader with an in-depth interpretation of the Neurostimulation Devices Market dynamics, including the crucial drivers, opportunities, threats, and challenges. The report also describes the key business strategies, demand and supply ratios, leading regions, and the renowned market players, in a nutshell, offering a futuristic outlook of the overall Neurostimulation Devices market industry.
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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. 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.
Key Parameters Analyzed in This Section:
Company Profiles
Gross Revenue
Profit margins
Product sales trends
Product pricing
Industry Analysis
Sales & distribution channels
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Emergen Research has segmented the global neurostimulation devices based on product type, application, and region:
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Product Type Outlook (Revenue, USD Million; 2019–2030)
- Sacral Nerve Stimulator
- Spinal Cord Stimulator
- Vagus Nerve Stimulator
- Gastric Electric Stimulators
- Deep Brain Stimulators
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Application Outlook (Revenue, USD Million; 2019–2030)
- Epilepsy
- Depression
- Dystonia
- Gastroparesis
- Pain management
- Urinary and Fecal Incontinence
- Essential Tremor
- Parkinson’s Disease
- Others
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.
Key Companies Profiled in the Report are:
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.
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Regional Outlook:
North America (the U.S., Canada, Mexico)
Europe (the U.K., Germany, France, Italy)
Asia Pacific (India, China, Japan, Korea)
Latin America (Brazil, Argentina, Ecuador, Chile)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)
Key point summary of the report:
The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
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