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Neuro Stimulation Devices Market Analysis 2015-2019 and Forecast 2020-2025: Key Players - Medtronic (U.S), St. Jude Medical (U.S), Boston Scientific (U.S), Cyberonics (U.S), Cochlear (Australia), NDI Medical (U.S)

01-28-2020 02:42 PM CET | Health & Medicine

Press release from: Worldwide Market Reports

Neuro Stimulation Devices Market

Neuro Stimulation Devices Market

Neuromodulation is a process that makes use of an implantable medical device to modulate and alter neural activities for therapeutic purposes. Equipment that are used for neuromodulation are called as neurostimulators or neurostimulation. Neurostimulators help in the treatment of neurologic disorders that aid in the delivery of electrical stimulation to intended parts of the patient's brain, peripheral nervous system, and spinal cord.

These are particularly used for the treatment of various diseases, such as movement disorders, epilepsy, Parkinson's disease, chronic pain, and depression. Some of the key factors driving the neurostimulation devices market include growing geriatric population, introduction of technologically advanced products, escalating product demand as an add-on therapy, and increasing incidence of chronic diseases, such as migraine and epilepsy, and the presence of highly unmet medical needs in these disease segments.

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Market Leaders in This Research Report are: Medtronic (U.S), St. Jude Medical (U.S), Boston Scientific (U.S), Cyberonics (U.S), Cochlear (Australia), NDI Medical (U.S), NeuroPace (U.S), ElectroCore Medical (U.S), MED-EL (U.S), Neuronetics (U.S)

Based on application, the neurostimulation devices market is segmented into pain management, epilepsy, essential tremors, urinary and fecal incontinence, depression, dystonia, gastroparesis, Parkinson's disease, and others. Pain management led the market in 2018. The segment is expected to register the fastest CAGR during the forecast period.

High product efficacy exhibited in treating epilepsy coupled with the availability of limited treatment options for the disease are expected to impel market growth during the forecast period. Essential tremors are characterised by severe involuntary limb movement.

North America accounted for the largest revenue share in the past and is projected to maintain the dominance during the forecast years. Europe followed North America, in terms of revenue share. Rapid economic development in the Eastern European countries is expected to accelerate this growth further. Asia Pacific is expected to witness the maximum CAGR from 2019 to 2025 as a number of international manufacturers are shifting their production base in this region due to the presence of unmet medical needs and untapped growth opportunities.

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Reasons to Buy Neuro Stimulation Devices Market Report:

o In-depth analysis of the market on the global and regional level.
o Major changes in market dynamics and competitive landscape.
o Segmentation on the basis of type, application, geography and others.
o Historical and future market research in terms of size, share, growth, volume and sales.
o Major changes and assessment in market dynamics and developments.
o Industry size and share analysis with industry growth and trends.
o Emerging key segments and regions
o Key business strategies by major market players and their key methods.

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Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth market analysis by some of the most vastly experienced analysts provide our diverse range of clients from across all industries with vital decision making insights to plan and align their market strategies in line with current market trends.

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