Growing geriatric population
is expected to drive the growth of global neurostimulation devices market
during the forecast period
According
to TechSci Research report, “Global Neurostimulation Devices
Market By Device Type (Spinal Cord Stimulators, Deep
Brain Stimulators, Sacral Nerve Stimulators, Vagus Nerve Stimulators, and
Others), By Application (Pain Management, Hearing Loss, Urinary Incontinence,
Parkinson's Disease, Epilepsy, and Others), By Region, Competition, Forecast
& Opportunities, 2025”, Global neurostimulation
devices market is expected to witness robust CAGR during the forecast period. Growing
government initiatives for extensive research activities in the healthcare
sector is one of the
major factors accounting for the growth of global neurostimulation
devicesmarket. Moreover,rising prevalence of chronic diseases such as migraine
and epilepsyamong the population,is expected to bode well for the growth of global
neurostimulation devices market through the forecast period. In addition to
this, unhealthy diet and lifestyle is further projected to positively influence
the growth of global neurostimulation devices market in the years to come.
Also, technological developments and new product launches, are making headway
for the growth of global neurostimulation devices market. However, there are
some factors that might act as major impediments to the growth of global
neurostimulation devices market through 2025 includes risks associated with neurostimulation
devices and stringent regulations regarding product approval.
Browse XX market data Tables and XX Figures spread
through XXX Pages and an in-depth TOC on
"Global Neurostimulation Devices Market
"
Global
neurostimulation devices market can be segmented based ondevice type, application,company,
and region. Considering the application, the market is fragmented into pain
management, hearing loss, urinary incontinence, parkinson's disease, epilepsy,
and others. The pain management segment dominated the global neurostimulation
devices market until 2019 and is further anticipated to maintain its dominance
during the forecast period as well. This high growth can be attributed to high
prevalence of chronic pain disorders around the globe. Additionally, extensive
product usage for pain management is also expected to contribute to the
segmental growth during the next five years. In terms of device type, the
market can be categorized into spinal cord stimulators, deep brain stimulators,
sacral nerve stimulators, vagus nerve stimulators, and others. The spinal cord
stimulators segment is forecast to register high growth until 2025 which is
attributable to upsurge in minimally invasive procedures and increase in
healthcare spending.
Abbott Laboratories, Aleva
neurotherapeutics SA, Boston scientific corporation, ElectroCore Inc., EndoStim
Inc., Medtronic plc, Nevro Corporation, Neuronetics Inc, NeuroSigma, Inc., Synapse
Biomedical Inc, are among others are the leading players operating in
global neurostimulation devices market. The players are adopting several growth
strategies to enhance the market scenario of neurostimulation devices.Other
competitive strategies include new technological developments; mergers &
acquisitions; agreements, partnerships, and collaborations; and expansionsto
diverse their product portfolio in order to strengthen their market position.
customers can also
request for 10% free customization on this report.
“North Americais forecast to dominate the global neurostimulation
devices market during the next five years on account ofdevelopment of
innovative neurostimulators in the region. Along with this, existence of major
market players in the region is expected to positively influence the market
growth in the upcoming years. Furthermore,approvals by health authorities for
novel techniques in neurostimulatorsis further anticipated to boost the market
growth for neurostimulation devices over the coming years. On the other hand, Asia-Pacific
region is estimated to register high growth in the years to come which can be
attributed to rising government and private initiatives to increase awareness
regarding mental health.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global Neurostimulation Devices Market By Device
Type (Spinal Cord Stimulators, Deep Brain Stimulators, Sacral Nerve
Stimulators, Vagus Nerve Stimulators, and Others), By Application (Pain
Management, Hearing Loss, Urinary Incontinence, Parkinson's Disease, Epilepsy,
and Others),By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global neurostimulation
devices market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global neurostimulation
devices market.
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