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Neurostimulation Devices Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Abbott, Boston Scientific Corporation, IntraPace, Laborie

31 May, 2022 | 119 Pages
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The global Neurostimulation Devices market is estimated to grow at 10.6% CAGR during the forecast period (2022-2027).



Neurostimulation Devices Market Overview



Technological advancements and increased demand for improved neurostimulation devices to better patient outcomes will drive market expansion. The increased prevalence of a variety of health conditions such as epilepsy, depression, Parkinson's disease, migraine, and others is fueling demand for various neurostimulation devices. Furthermore, a favorable regulatory environment for medical modalities that provide greater patient care and management will aid market growth. Neurostimulation devices are predicted to bring treatment to an unprecedented number of individuals suffering from serious neurologic and psychiatric problems as technology advances. The sector is expected to increase due to the availability of implantable neurostimulation devices that target specific cranial, spinal, and peripheral nerve regions to regulate neuronal activity and provide therapeutic effects for a variety of neurological illnesses.



The report aspects discussed the profile of the top manufacturers of the global Neurostimulation Devices market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Neurostimulation Devices Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.





Neurostimulation Devices Market Growth Derivers




  • Increasing demand for minimally invasive surgery in developed countries

  • Increasing prevalence of neurological disorders globally

  • Technological advancements in neurostimulation devices

  • Increasing number of elderly patients with neurological disorders



Industry News and Updates:



ABBOTT TO LAUNCH THE NEUROSPHERE™ MYPATH™ DIGITAL HEALTH APP DESIGNED TO TRACK AND REPORT PAIN RELIEF IN CHRONIC PAIN PATIENTS WITH PHYSICIANS PRIOR TO DEVICE IMPLANT--  Top of Form

Abbott (NYSE: ABT) today announced the upcoming launch of NeuroSphere™ myPath™, a digital health app designed to track and report on patient perceived pain relief and general well-being associated with spinal cord stimulation (SCS) or dorsal root ganglion (DRG) therapy. During the device trial period required before the permanent implant, the app allows patients to record their outcomes on pain and well-being while trialing their neurostimulation therapy.



June 10, 2021: Medtronic Announces FDA Approval of its Next Generation Recharge-Free Spinal Cord Stimulation Platform--

Medtronic plc (NYSE: MDT), the global leader in medical technology, today announced it has received U.S. Food and Drug Administration (FDA) approval for Vanta™, a high performance recharge-free implantable neurostimulator (INS) with a device life that can be optimized up to 11 years. At comparable settings, the Vanta neurostimulator offers nearly twice the device life than competitive primary cell devices.1,2 It also utilizes Medtronic's proprietary AdaptiveStim™ technology for personalized pain relief that adapts to the patient's movement or body position using a built-in accelerometer.



What are the major Applications, Types and Regions for Neurostimulation Devices Market?



Market is segmented based on the type, applications, companies and regions.



By Type, it is segmented into




  • Spinal Cord Stimulation (SCS)

  • Gastric Electric Stimulation (GES)

  • Deep Brain Stimulation (DBS)

  • Sacral Nerve Stimulation (SNS)

  • Vagus Nerve Stimulation (VNS)

  • Other



By Application, it is segmented into




  • Pain Management

  • Parkinson’s Disease

  • Urinary and Fecal Incontinence

  • Epilepsy

  • Gastroparesis

  • Other



Neurostimulation Devices Market Regional Analysis



The market for neurostimulation devices in North America was worth more than USD 3.8 billion in 2020, thanks to the rising frequency of neurological illnesses in the region. According to a report from the Centers for Disease Control and Prevention (CDC), the burden of Alzheimer's disease and associated dementias (ADRD) in the United States will double by 2060. The growth in ADRD cases is due to a growing geriatric population and an unhealthy lifestyle. Increasing R&D and the adoption of minimally invasive procedures, as well as the creation of technologically advanced neurostimulation devices, are all elements that are promoting regional growth.




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





The Neurostimulation Devices Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Neurostimulation Devices Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.



What is our Neurostimulation Devices Market report scope?























































Report Attributes



Report Details



Forecast Period 2022 to 2027 CAGR



CAGR of 10.6% over the forecast period (2022-2027)



By Type




  • Spinal Cord Stimulation (SCS)

  • Gastric Electric Stimulation (GES)

  • Deep Brain Stimulation (DBS)

  • Sacral Nerve Stimulation (SNS)

  • Vagus Nerve Stimulation (VNS)

  • Other



By Application




  • Pain Management

  • Parkinson’s Disease

  • Urinary and Fecal Incontinence

  • Epilepsy

  • Gastroparesis

  • Other



By Companies



Abbott, Boston Scientific Corporation, IntraPace, Laborie, LivaNova, Medtronic, Neuronetics, SPR Therapeutics, Cyberonics, ElectroCore Inc., Aleva Neurotherapeutics SA, Synapse Biomedical Inc., MicroTransponder, RS Medical and BioControl Medical



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



119



Customization Available



Yes, the report can be customized as per your needs




 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



Frequently Asked Questions



What is the growth rate of Neurostimulation Devices Market?



The Neurostimulation Devices Market is growing at a CAGR of 10.6% over the next 5 years.



Who are the key players in Neurostimulation Devices Market?



Abbott, Boston Scientific Corporation, IntraPace, Laborie, LivaNova, Medtronic, Neuronetics, SPR Therapeutics, Cyberonics, ElectroCore Inc., Aleva Neurotherapeutics SA, Synapse Biomedical Inc., MicroTransponder, RS Medical and BioControl Medical



What are the significant types of Neurostimulation Devices Market?



Spinal Cord Stimulation (SCS), Gastric Electric Stimulation (GES), Deep Brain Stimulation (DBS), Sacral Nerve Stimulation (SNS), Vagus Nerve Stimulation (VNS), Other



What are the major end-use applications of Neurostimulation Devices Market?



Pain Management, Parkinson’s Disease, Urinary and Fecal Incontinence, Epilepsy, Gastroparesis, Other



All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.


  1. INTRODUCTION

    1. MARKET DEFINITION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMELINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL NEUROSTIMULATION DEVICES MARKET BY TYPE

    3. GLOBAL NEUROSTIMULATION DEVICES MARKET BY APPLICATION



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR NEUROSTIMULATION DEVICES



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST ON MATERIALS



    3. OPPORTUNITIES

      1. NEUROSTIMULATION DEVICES GROWTH

      2. APPLICATION OF NEUROSTIMULATION DEVICES



    4. IMPACT OF COVID 19



  5. GLOBAL NEUROSTIMULATION DEVICES MARKET, BY TYPE

    1. INTRODUCTION

    2. SPINAL CORD STIMULATION (SCS)

    3. GASTRIC ELECTRIC STIMULATION (GES)

    4. DEEP BRAIN STIMULATION (DBS)

    5. SACRAL NERVE STIMULATION (SNS)

    6. VAGUS NERVE STIMULATION (VNS)

    7. OTHER



  6. GLOBAL NEUROSTIMULATION DEVICES MARKET, BY APPLICATION

    1. INTRODUCTION

    2. PAIN MANAGEMENT

    3. PARKINSON’S DISEASE

    4. URINARY AND FECAL INCONTINENCE

    5. EPILEPSY

    6. GASTROPARESIS

    7. OTHER



  7. GLOBAL NEUROSTIMULATION DEVICES MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. MEDTRONIC

      2. BOSTON SCIENTIFIC

      3. ABBOTT

      4. LIVANOVA

      5. NEVRO

      6. NEUROPACE

      7. BEIJING PINS

      8. SYNAPSE BIOMEDICAL





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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