Neuromodulation Market 2021 Global Outlook –Medtronic PLC, Boston Scientific Corporation, Abbott Laboratories

The report is designed to provide a holistic view of the Neuromodulation Market 2021-2025. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; revenue, demands, and supply data (as applicable). High-level interpretation of Neuromodulation Market attributes using proprietary tools such as the Penetration Mapping Index, and other successful representational tools such as Porter’s Five Forces Analysis, SWOT, PESTEL, Ansoff’s Matrix, etc. Regional estimates and forecasts & trend analysis for each country and region are also available in the study. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Neuromodulation Market investments from 2021 till 2025.

The neuromodulation market is expected to register a CAGR of 11%, over the forecast period.

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The Neuromodulation Market is highly competitive and is moderately fragmented that consists of significant individual players such as Medtronic PLC, Boston Scientific Corporation, Abbott Laboratories, Synapse Biomedical Inc., and Nevro Corporation.

Key Market Trends:
Spinal Cord Stimulation (SCS) Holds the Largest Market Share in the Internal Neuromodulation Sub-segment

- The process of numbing/reducing chronic pain by passing continuous low voltage electric current to the spinal cord is referred to as spinal cord stimulation (SCS). The SCS devices are FDA approved and are the most widely accepted neurostimulation techniques across the world.
- In 2019, Abbott received a US FDA (Food and Drug Administration) approval for the " Low-dose, Recharge-free Spinal Cord Stimulation System", for the patients with chronic pain. These devices are basically of three types, namely rechargeable, conventional, and radiofrequency systems.
- SCS is used in neurological problems, such as nerve damage, arachnoiditis, failed-back surgery syndrome, neuropathy, complex regional pain syndrome, and neuritis. Along with the associated benefits and effectiveness, SCS also has some pitfalls, such as overstimulation, intermittent stimulation, lead dispositioning, and device malfunctioning. However, the benefits of the SCS outrank the pitfalls, thus, boosting the segment’s growth over the forecast period.

North America Captured the Largest Market Share and is Expected to Retain its Dominance

- North America dominated the overall neuromodulation market with the United States accounting as the major contributor to the market.
- The presence of major market players and huge pharmaceutical and biopharmaceutical industries, coupled with the rising investments in the country for the adoption of advanced technologies, is expected to boost the regional growth of the market, over the forecast period.
- Recently, Axonics introduced its new programmer " r-SNM system" used for programming the external neurostimulator, as well as an implantable neurostimulator. Additionally, the rising concern about the prevalence of neurological disorder and other associated disorders is stimulating the need for the adoption of neuromodulation techniques.
- Moreover, according to the Parkinson's Foundation, almost 60,000 people in the United States are diagnosed with Parkinson's every year. Hence, the above-mentioned factors are expected to fuel the market growth.

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Regions are covered By Neuromodulation Market Report 2021 to 2025.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada, and Mexico).
Europe (Germany, France, UK, Russia and, Italy).
Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).

The Total Addressable Market (TAM) For estimating the market size two approaches are used: Bottom-up and Top-down approach. In the Bottom-up approach, the consumption of in the various segments is taken into account. The regional, segment-wise, and end-user uptake/consumption is taken into account for this approach. This is then totaled to arrive at the TAM for this approach. In the Top-down approach, the company-wise production in terms of both value and volume is taken into account and totaled for arriving at the TAM. This data is then bifurcated based on the consumption in the various market segments.

Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of Neuromodulation Market
-Changing the Neuromodulation Market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current, and projected Neuromodulation Market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Neuromodulation Market.
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.

Frequently Asked Questions about Neuromodulation Market:
– What are the recent developments and government policies?
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– What is the growth rate of the market?
– Which Is the Most potential market segment?
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– Which region would offer high growth for vendors in the market?

The report has 150 tables and figures browse the report description and TOC
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