Neurostimulation Devices Market Overview
As neurological disorders like epilepsy, Parkinson’s disease, obsessive compulsion disorder (OCD), depression, and others increases, the demands for neurostimulation devices are also increasing. These devices modulate the activities of the nervous system and help to gain normal conditions. Electrode equipped devices act as the supplements for the neuro activities as they generate minor impulses, which improves the neurological reactions. The primary factors driving this market are the rise in the geriatric population, rising demands for minimally invasive techniques, demands for the latest medical technologies, and rising standards of healthcare facilities. These devices are either implanted in the body or are externally placed.
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The companies are investing in research & development procedures to develop advanced devices with less price range, which will help the market gain share in economically weaker parts of the society. Another factor empowering the market is the rise in the occurrence of these diseases. It has pushed the authorities to increase the healthcare budgets, which is majorly empowering the growth of this market. Apart from the uses and features, the global neurostimulation devices market faces severe challenges from high treatment & device costs and the complicated procedures included in the neuro treatments.
This report comprises details about competitive landscapes, changes, drivers & restraints, and other prime aspects of local and global market analysis to better understand market trends. The global neurostimulation devices market is anticipated to show around a 12 % annual growth rate during the survey.
Neurostimulation Devices Market Breakdown
The global neurostimulation devices market is segmented into several categories mentioned below:
Based on device types, the neurostimulation devices are deep brain stimulators, gastric electric stimulators, spinal cord stimulators, and others.
The global neurostimulation devices market is divided into epilepsy, depression, pain management, Parkinson’s disease, urinal & fecal incontinence, and others based on the applications.
Neurostimulation Devices Market Regional Classification
Neurostimulation devices are getting a healthy response from around the world due to a rise in neurological conditions and demands for better treatments, which is getting stronger with time. North America, The Asia Pacific, Europe, and the rest of the world are the major regions observed for the global neurostimulation devices market. In the current era, the North American region is leading the market due to demands for the latest technologies, key market players, increasing research & development activities, a well-established healthcare system, a rise in severe mental health conditions, and other factors. On the other hand, the Asia Pacific region will register the fastest annual growth during this period due to rising disposable incomes, vast population covers, demands for the latest healthcare technologies, a rapid increase in mental disorders, an increase in healthcare budgets, developing healthcare facilities, and other factors.
Key Players for Neurostimulation Devices Market:
Some of the key players in this market are: Autonomic Technologies, Boston Scientific, ElectroCore, ImThera Medical, Inspire Medical Systems, LivaNova (Cyberonics), Medtronic, NeuroMetrix, NeuroPace, Neuros Medical, NeuroSigma, Nevro Corporation, SPR Therapeutics, St.Jude Medical, Synapse Biomedical, and others.
Neurostimulation Devices Industry News
The global neurostimulation devices market has gained major growth in recent times due to rapid technological advancements and awareness of mental health. The authorities are working towards spreading awareness, which has also helped the market gain an extra pace. The rapidly developing regions of the Asia Pacific will register the fastest growth and be among the top stakeholders.
Table Of Contents
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS & LIMITATIONS
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS:
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
3 MARKET DYNAMICS
3.4 MACROECONOMIC INDICATORS
4 MARKET FACTOR ANALYSIS
4.1 PORTERS FIVE FORCES MODEL
4.2 BARGAINING POWER OF SUPPLIERS
4.3 BARGAINING POWER OF BUYERS
4.4 THREAT OF NEW ENTRANTS
4.5 THREAT OF SUBSTITUTES
4.6 INTENSITY OF RIVALRY
5 GLOBAL NEUROSTIMULATION DEVICES MARKET, BY TYPE
List Of Tables
TABLE 1 GLOBAL NEUROSTIMULATION DEVICES MARKET, BY TYPE, 2013-2022 (USD MILLION)
TABLE 2 GLOBAL NEUROSTIMULATION DEVICES MARKET, BY APPLICATION, 2013-2022 (USD MILLION)
TABLE 3 GLOBAL NEUROSTIMULATION DEVICES MARKET, BY END USER, 2013-2022 (USD MILLION)
TABLE 4 GLOBAL NEUROSTIMULATION DEVICES MARKET, BY REGION, 2013-2022 (USD MILLION)
List Of Figures
FIGURE 1 RESEARCH PROCESS
FIGURE 2 PORTERS FIVE FORCES MODEL
FIGURE 3 GLOBAL NEUROSTIMULATION DEVICES MARKET, BY TYPE
FIGURE 4 GLOBAL NEUROSTIMULATION DEVICES MARKET, BY APPLICATION
FIGURE 5 GLOBAL NEUROSTIMULATION DEVICES MARKET, BY END USER
FIGURE 6 GLOBAL NEUROSTIMULATION DEVICES MARKET, BY REGION
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