Neurostimulation Devices Market is set to Grow over 12.5% by 2023 Eminent Industry Players include ABBOTT, BAYER CORPORATION, BOSTON SCIENTIFIC CORPORATION, CYBERONICS, INC., DEPUY SYNTHES, INTERPACE DIAGNOSTICS LLC

Market Analysis:

Asia-Pacific Holds Vast Growth Opportunities

The North America region is expected to dominate the market in the forecast period due to the well-developed healthcare infrastructure, healthcare facilities, and high adoption of new technologies. The Asia-Pacific region is expected to show fastest growth rate over the period, 2018 to 2023 which should provide huge investment opportunities for the neurostimulation devices companies in countries, such as India, China, and Japan.

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High number of patients suffering from neurological diseases needs hospitalizations, worldwide, which raises the demand for early diagnosis of these diseases driving this market. Other factors driving this market are the rising demand for minimally invasive technologies and the expanding number of elderly patients with neurological disorders seeking technological advancements in neurological devices. Major factor impeding this market is the lack of skilled healthcare professionals in neurology and high cost of neurological diseases treatment.

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Market Segments:
Neurostimulation Devices Market is segmented by:
1. Devices Type: Implantable Devices, External Devices,
2. Application: Parkinson's Disease, Epilepsy, Depression, Dystonia, Pain Management, Others Indications
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• February 2018 - Synergia Medical SA raised EUR 8.1 million in Series A funding for its novel opto-electronic neurostimulation device.
• January 2018 - Helius Medical Technologies, Inc. partnered with Key Tronic Corp. to manufacture portable neuromodulation stimulator (PoNS).

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