Neuromodulation Market to Expand at a CAGR of 14.0% during 2018 – 2023 | Global Leading Company’s (Biocontrol Medical, Boston Scientific, Cyberonics, Medtronic, Neuronetics, Neuropace, Neurosigma, Nevro)

Marketprognosis.com Publish a New Market Research Report On “Global Neuromodulation Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Neuromodulation Market:

The Global Neuromodulation Market is expected to register a CAGR of about 14.0%, over the forecast period, 2018-2023.

Neuromodulators are a subset of neurotransmitter. Unlike neurotransmitters, the release of neuromodulators occurs in a diffuse manner. This means that an entire neural tissue may be subject to the neuromodulator’s action due to exposure. This, in turn, can tune the neural circuitry of an entire brain region; not just that of an individual neuron.

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Neurological diseases are frequent in older adults, affecting around 55% of people age 55 and older. They are associated with a high risk for adverse health outcomes, including mortality, disability, institutionalization, and hospitalization. Degenerative diseases, like dementia and Parkinson’s disease, as well as strokes and headaches are frequently encountered neurological diseases in elderly patients. Neuromodulation is an intracranial, electrical neuromodulation therapy that has FDA approval for the treatment of the neurological most of the diseases, like bladder control, headache, tremors, chronic pain, stroke, minimally conscious state, and spinal cord injury, which are most commonly found in the elderly population. The proven efficacy and improving acceptance of this technology will lead to the surge in the market size during the forecast period. Other factors that will affect the growth of the market positively include rising prevalence of neurological disorders to spur market growth, strong product pipeline to propel the market, expanded target applications and new indications are expected to stimulate the growth of neuromodulation devices and investments and funds.

The lack of practice guidelines is a barrier to consistent application of the technology in practice, coverage, and reimbursement decisions. Without such guidelines, clinical decisions may be based on the opinions of independent practitioners who may or may not have experience with a technology and health plans setting coverage policy. Inconsistent reimbursement decisions may limit patient access to treatment and business development. This will also translate into slowdown of the growth of the neuromodulation market. Other factors that will act as restraints for the market include, lack of trained professionals likely to hamper market growth.

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North America is the most attractive market in the neuromodulation industry and is estimated to be the first preference for new entrants due to the increasing faith in the technology and end-use in the region. Asia-Pacific is the fastest growing market; hence the established players are focusing on the region.

Major Key Players:

1 Biocontrol Medical

2 Boston Scientific Corporation

3 Cyberonics, Inc.

4 Medtronic, Inc.

5 Neuronetics, Inc.

6 Neuropace, Inc.

7 Neurosigma, Inc.

8 Nevro Corporation and More…………

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Neuromodulation Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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