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Global Neurostimulation Devices Market Expected to Witness a Sustainable Growth over 2024– Top Key players like– Top Key players like Medtronic,Nevro,Beijing Pins,Inc.
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The global average price of implantable neurostimulation devices is in the fluctuating trend, 22.10 K USD/Unit in 2012 to 21.24 K USD/Unit in 2016. With the situation of global economy, prices will be in decreasing trend in the following five years.
The classification of implantable neurostimulation devices includes spinal cord stimulation (SCS), gastric electric stimulation (GES), deep brain stimulation (DBS), sacral nerve stimulation (SNS), vagus nerve stimulation (VNS) and other type, and the proportion of spinal cord stimulation (SCS) in 2016 is about 57%, and the proportion is in increasing trend from 2012 to 2016.
Implantable neurostimulation devices are widely used to treat pain management, parkinson’s disease, urinary and fecal incontinence, epilepsy, gastroparesis and other field. The most proportion of implantable neurostimulation devices is used for pain management, and the consumption proportion in 2016 is about 55%.
North America region is the largest supplier of implantable neurostimulation devices, with a production market share nearly 82% in 2016. Europe is the second largest supplier of implantable neurostimulation devices, enjoying production market share nearly 12% in 2016.
North America is the largest consumption place, with a consumption market share nearly 42% in 2016. Following North America, Europe is the second largest consumption place with the consumption market share of 31%.
Market competition is intense. Medtronic, Boston Scientific, St. Jude Medical (Abbott), etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.
The worldwide market for Neurostimulation Devices is expected to grow at a CAGR of roughly 11.2% over the next five years, will reach 8120 million US$ in 2024, from 4290 million US$ in 2019, according to a new GIR (Global Info Research) study.
Market Segment by Manufacturers, this report covers
Medtronic
Boston Scientific
St. Jude Medical (Abbott)
LivaNova
Nevro
NeuroPace
Beijing Pins
Synapse Biomedical
Market Segment by Type, covers
Spinal Cord Stimulation (SCS)
Gastric Electric Stimulation (GES)
Deep Brain Stimulation (DBS)
Sacral Nerve Stimulation (SNS)
Vagus Nerve Stimulation (VNS)
Other
Market Segment by Applications, can be divided into
Pain Management
Parkinson’s Disease
Urinary and Fecal Incontinence
Epilepsy
Gastroparesis
Other
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Related Information:
North America Neurostimulation Devices Market Growth 2019-2024
United States Neurostimulation Devices Market Growth 2019-2024
Asia-Pacific Neurostimulation Devices Market Growth 2019-2024
Europe Neurostimulation Devices Market Growth 2019-2024
EMEA Neurostimulation Devices Market Growth 2019-2024
Global Neurostimulation Devices Market Growth 2019-2024
China Neurostimulation Devices Market Growth 2019-2024
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