Press release
European Neural Implants Market Share 2021: Global Trends, Key Players, Industry Analysis Report to 2027
The European neural implants market is anticipated to grow at a significant CAGR of 7.2% during the forecast period. Europe is the second-largest market for neural implants. Factors such as the rising awareness of ambulatory neural implant devices for neurological disorders coupled with improved healthcare infrastructure, various favorable guidelines, and availability of technologically advanced neural implants are driving the growth of the neural implants market in the region. Germany, France, the UK, Italy, and Spain are the major revenue generators in the region.Get Free Sample Copy @ https://www.omrglobal.com/request-sample/europe-neural-implants-market
The region, particularly Western Europe, has a sophisticated and established healthcare infrastructure, and people have access to advanced healthcare services, especially for treatment procedures for neurological diseases such as PD, chronic pain, epilepsy, and others. The market in Europe is also growing at a significant rate due to the increasing prevalence of neurological diseases. For instance, in European Union (EU), PD is the most common neurodegenerative condition affecting around 4.5 million people, and PD related costs of treatments and loss of capable labor are estimated to be more than $15 billion annually. As per EU, the incidence of PD is projected to double by 2050, primarily due to the aging population. Around six million people live with epilepsy in the region.
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The European neural implants market is segmented based on product, application, and end-user. Based on the product, the neural implants market is segmented deep brain stimulation (DCS), spinal cord stimulation (SCS), and vagus nerve stimulation (VNS). Based on application, the market is classified into Chronic Pain, Epilepsy, Parkinson's Disease (PD), and others (depression and other movement disorders). Based on end-user, the market is segmented into hospitals, outpatient surgery centers, and specialized neurological centers (SNCs).
Country-wise, the market is analyzed based on the UK, Germany, France, Italy, Spain, and Rest of Europe. Germany is the major revenue generator in the European market. The country is experiencing healthy growth due to the increasing demand for neural implants at a rapid rate owing to the significant rise in the prevalence/incidence of several neural disorders. Also, in Germany, more than 20% of the population is aged above 60 years. The older population is more likely to develop various diseases such as PD, chronic pain, and other compared to the general population. Back pain is highly prevalent in the country and is a major public health burden. Epidemiological studies reported around 48% of men suffer from lower back pain, of which around 29% are aged 65 years and above.
Market Segmentation
European Neural Implants Market by Product
• Deep Brain Stimulation (DCS)
• Spinal Cord Stimulation (SCS)
• Vagus Nerve Stimulation (VNS)
European Neural Implants Market by Application
• Chronic Pain
• Epilepsy
• Parkinson's Disease (PD)
• Others (Depression and Other Movement Disorders)
European Neural Implants Market by End-user
• Hospitals
• Outpatient Surgery Centers
• Specialized Neurological Centers (SNCs)
Regional Analysis
• UK
• Germany
• France
• Italy
• Spain
• Rest of European
Company Profiles
• Abbott
• ALEVA NEUROTHERAPEUTICS SA
• BIOS
• Boston Scientific Corporation
• LivaNova PLC
• Medtronic
• Renishaw plc
• Saluda Medical Pty Ltd.
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Contact person: Mr. Anurag Tiwari
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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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