Press release
Neurostimulation Devices Market 2018 is anticipated to Rise at a 11.70% CAGR Value with Key Players Medtronic, St. Jude Medical, Nevro, Cyberonics and Boston Scientific within the forecast period 2014-2023
Neurostimulation Devices Market
Competitive Outlook- Neurostimulation Devices Market
The leading players in the market are Medtronic, St. Jude Medical, Nevro, Cyberonics and Boston Scientific. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Market Highlights-
The Neurostimulation Devices Market was worth USD 3.28 billion in 2014 and is expected to reach approximately USD 8.87 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 11.70% during the forecast period.
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Industry Outlook
The critical components driving the market development incorporate developing aged populace base, advent of novel technological progressions, heightening demand for neurostimulation devices as an extra treatment, expanding occurrence of chronic diseases, for example, epilepsy and migraine and the existence of high neglected medicinal needs in these ailment segments. In expansion, developing pervasiveness of lifestyle induced disorders; external financing for research and development, developing demand for minimally invasive surgical procedures and worldwide ascent in neurological clutters are different variables boosting the development of the market.
Market Segmentation- Neurostimulation Devices Market
By Product:
Deep Brain Stimulator
Sacral Nerve Stimulator
Spinal Cord Stimulator
Gastric Electric Stimulator
Vagus Nerve Stimulator
By Application:
Epilepsy
Urinary and Fecal Incontinence
Dystonia
Parkinson's Disease
Pain Management
Essential Tremor
Depression
Gastroparesis
Others
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Application Outlook- Medical Robotic Systems Market
Pain management ruled the general market regarding income share. High prevalence of chronic pain disorders and the developing implementation rates of neurostimulation device for pain management by virtue of their high restorative esteem is a portion of the drivers of this market. Furthermore, the neurostimulation devices market for Parkinson's disease is anticipated to develop at a solid rate amid the figure time frame significantly because of the developing worldwide base of aged populace and the low accessibility of treatment alternatives for this sickness.
Regional Outlook and Trend Analysis
North America represented the biggest income share nonetheless; its share of the market is foreseen to decline by the forecast period. The drop in the share of the market is represented by the existence of strict government directions forced in the U.S. also, the expansion in the normal number of days required in the FDA endorsement process. This combined with the existence of an expansive base of undiscovered open doors in the Asia Pacific market is foreseen to urge producers to move their concentration from North America into more lucrative markets.
Neurostimulation Devices Market -Table of Contents:
1.Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2.Executive Summary
2.1. Key Highlights
3.Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Growing Demand for Minimally Invasive Surgeries
3.2.1.2. External Funding for Executing Research and Development Exercises
3.2.2. Restraints
3.2.2.1. Presence of Stringent Device Approval Regulations
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4.Market Analysis by Regions
5. Neurostimulation Devices Market, By Product
6. Neurostimulation Devices Market, By Application
7. Neurostimulation Devices Market, By Region
8. Global Neurostimulation Devices Market Competition, by Manufacturer
9. Neurostimulation Devices Market Forecast (2018-2023)
10. Company Profiles
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