Neuromodulation Market Booming Worldwide With Top Vendors Like Bioness Inc., Soterix Medical Inc., Medtronic, Abbott, Boston Scientific Corporation & Others

Global neuromodulation market is registering a healthy CAGR of 13.50% in the forecast period of 2019-2026. This rise in the market value can be attributed due to rise in geriatric population and their vulnerability to neurological disorders. The expansion in emerging economies is likely to drive the market growth.

Neuromodulation report is an ideal guide to attain an information or key data about market, emerging trends, product usage, and motivating factors for customers, customer preferences, competitor strategies, brand positioning, and customer behaviour. It is a wide-ranging market research report that comprises of various parameters of the market namely market definition, currency and pricing, market segmentation, market overview, premium insights, key insights and company profile of the key market players. The neuromodulation market report includes top to bottom analysis and evaluation of various market related factors that plays a key role for better decision making.

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Some of the major players operating in neuromodulation market are
BioAlps Association,
Bioness Inc.,
Soterix Medical Inc.,
Medtronic,
Abbott,
Boston Scientific Corporation,
LivaNova PLC,
Axonics Modulation Technologies, Inc.,
Cochlear Ltd.,
MED-EL,
Nevro Corp.,
Neuronetics,
Cogentix Medical,
Johnson & Johnson Services Inc.,
NeuroPace, Inc.,
NeuroSigma, Inc.,

Market Drivers

Surge in the number of incidences of neurological disorders, will fuel the market growth
Remarkable growth in the numbers of aging population worldwide, is driving the market growth
Strapping product pipeline, is driving the growth of the market
The expanding target applications and new indications, is driving the neuromodulation market
Growing investments by government as well as private institutions in healthcare industry, is driving the market

Market Restraints

Lack of trained professionals, is restricting the growth of the market
Unfavorable reimbursement policies, are hindering the growth of the market
High capital investments and stringent government regulations, is restricting the growth of the market

Key Developments in the Market:

In August 2017, the U.S. Food and Drug Administration has cleared Stimpod NMS460 non-invasive neuromodulation device of Xavant Technology which is used to treat the chronic intractable pain. It will become a valuable asset for the treatment in the U.S among physical therapists, physiatrists and many others as well as it will expand the company offerings.
In January 2017, Abbott completed the acquisition of St. Jude Medical Inc., which expanded opportunities for future growth and was a major step to develop company’s diverse portfolio of devices as well as strengthening the positon in the neuromodulation market globally.

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Segmentation: Global Neuromodulation Market

By Technology

Internal Neuromodulation
Spinal Cord Stimulation
Deep Brain Stimulation
Vagus Nerve Stimulation
Sacral Nerve Stimulation
Gastric Electrical Stimulation
External Neuromodulation
Transcutaneous Electrical Nerve Stimulation
Transcranial Magnetic Stimulation
Respiratory Electrical Stimulation

By Application

Spinal Cord Stimulation
Failed Back Syndrome
Chronic Pain
Ischemia
Deep Brain Stimulation
Parkinson’s Disease
Tremor
Depression
Other
Sacral Nerve Stimulation
Urine Incontinence
Fecal Incontinence
Vagus Nerve Stimulation Market
Epilepsy
Other
Gastric Electrical Stimulation Market
Gastroparesis
Obesity
Transcutaneous Electrical Nerve Stimulation
Treatment Resistant Depression
Other
Repetitive Transcranial Magnetic Stimulation
Depression
Migraine Headache
Respiratory Electrical Stimulation
Spinal Cord Injury

By Biomaterial

Ceramics Biomaterials
Metallic Biomaterials
Polymeric Biomaterials

By End User

Hospitals
Clinics
Home Healthcare

By Geography

North America
South America
Europe
Asia-Pacific
Middle East & Africa

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