The market for neurostimulation and neuromodulation device was estimated at USD 4.6 billion in 2021, and between 2023 and 2032, it is expected to expand at a CAGR of 12.4%. In the anticipated time frame, it is anticipated to reach USD 16.64 billion.
Neurostimulation is the therapeutic modification and alteration of brain activity via an implanted medical device. Neurostimulators are used to accomplish neuromodulation, commonly known as neurostimulation.
This global market is segmented into the following product categories: stomach electric stimulators, deep-brain, sacral nerves, vagal nerves, and the spinal cord. Spinal cord stimulators dominated this market in terms of “Product,” accounting for more than 51.3% of global sales in 2021. It is projected that this industry would advance more as a result of technical developments. Spinal cord stimulators can be used to treat chronic, neuropathic pain that is not cancerous. By generating minute nerve impulses that don’t alter the target site’s anatomy, they contribute to pain relief. Parkinson’s disease is just one of the many neurological conditions that can be treated using deep brain stimulators. These gadgets are based on innovative technologies and are still in the experimental stage. These devices can only be used to treat conditions including Tourette’s syndrome, Alzheimer’s, refractory epilepsy, and cluster headaches with FDA permission.
This report examines all the key factors influencing growth of global Neurostimulation and Neuromodulation Device market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Neurostimulation and Neuromodulation Device market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
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Market Segmentations:
Global Neurostimulation and Neuromodulation Device Market: Major Players
St. Jude Medical
St.Jude Medical
Nevro
Neuropace
BioControl Medical
Medtronic
LiveNova(Cyberonics)
Neuronetics
Cyberonics
Neurosigma
Autonomic Technologies
Inspire Medical Systems
Synapse Biomedical
Boston Scientific Corporation
Global Neurostimulation and Neuromodulation Device Market: Types
Deep Brain Stimulation (DBS) Systems
Spinal Cord Stimulator (SCS) Systems
Diaphragm Pacing System (DPS)
Respiratory Electrical Stimulation (RES)
Vagus Nerve Stimulation (VNS)
Gastric Electrical Stimulation (GES)
Transcranial Magnetic Stimulation (TMS)
Transcutaneous Electrical Nerve Stimulation (TENS)
Global Neurostimulation and Neuromodulation Device Market: Applications
Chronic Pain
Parkinson’s Disease
Urinary and Fecal Incontinence
Refractory Epilepsy
Essential Tremor
Dystonia
Gastroparesis
Treatment-Resistant Depression (TRD)
Obsessive Compulsive Disorder (OCD)
Other Applications
Global Neurostimulation and Neuromodulation Device Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Neurostimulation and Neuromodulation Device market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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An Overview of the Impact of COVID-19 on Market: The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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The analysis covers global market and its advancements across different industry verticals as well as regions. It targets estimating the current market size and growth potential of the global market across sections such as also application and representatives.
In an insight outlook, this research report has dedicated to several quantities of analysis – industry research (global industry trends) and global market share analysis of high players, along with company profiles, and which collectively include about the fundamental opinions regarding the market landscape; emerging and high-growth sections of global market; high-growth regions; and market drivers, restraints, and also market chances.
Additionally, the analysis also has a comprehensive review of the crucial players on the global market together side their company profiles, SWOT analysis, latest advancements, and business plans.
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