Digital Health to Add To the Growth of Peripheral Nerve Stimulators Market

Peripheral Nerve Stimulators Market 2022-2030

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Close to 600 neurological disorders affect approximately 500 million American every year, as per the National Institute of Neurological Disorders and Stroke.

Growing incidences of nerve injuries and increase in obese population causing neurodegenerative disorders are two critical factors driving the demand for peripheral nerve stimulators.

Demand for peripheral nerve stimulators is expected to grow further given the high applicability through anesthesia procedures and in severe neuropathic pain.

Peripheral nerve stimulators being a targeted pain relief treatment allowing patients to take fewer pain medications indicates promising opportunities in the near future, specifically associated with pain management technologies.

Germany, U.S., Switzerland, Sweden, and Canada remain the top importers of peripheral nerve stimulator materials.
With the Food and Drug Administration (FDA) recently clearing two neurostimulation devices- SPRINT endura and extensa, for treating acute and chronic pain, the future landscape for peripheral nerve stimulators (PNS) looks promising. As per a recently released in-depth study by Persistence Market Research (PMR), the global peripheral nerve stimulator market is projected to represent a robust year on year revenue growth of approximately 6.9 percent in 2019. The global peripheral nerve stimulator market is expected to reach a valuation of US$ 375.9 Million, during the same period.

Key Players:

The report has profiled some of the important players prevalent in the global like - Stimwave LLC, NeuroSigma, Inc. , NeuroMetrix, Inc, Vygon SA, Medline Industries, Inc, SUNMED INC, IDS Medical Systems, Boston Scientific Corporation, Medtronic, Medline Industries, Inc, Enteromedics, SPR Therapeutics LLC, ElectroCore, Inc.,  St. Jude Medical, B. Braun Medical Inc., Xavant Technology (Pvt) Ltd and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Peripheral Nerve Stimulators Market.             

In addition, current advancements in the peripheral nerve stimulators would gradually increase the demand for treating a host of chronic pain conditions arising from cranial neuralgias and peripheral nerve dysfunctions. Apart from their implantation being minimally invasive, the new variants of peripheral nerve stimulators also allow externally-placed pulse generators to wirelessly transmit impulses to the implanted electrode. Moreover, miniaturization of neuromodulation devices and ultrasound-guided, minimally invasive implantation technique are some notable advancements, likely to shift the spotlight on non-drug pain management solutions, such as peripheral nerve stimulators.

Insights from Segmentation Analysis of Peripheral Nerve Stimulator Market

Regionally, Europe with anticipated market share of approximately 35 percent by 2028-end, followed by North America accounting for 33.6 percent, for the same period will remain the most lucrative market for peripheral nerve stimulators.

By the type of peripheral nerve stimulator, transcutaneous stimulators will continue to generate maximum revenue.

In terms of end-users, hospitals will remain the largest segment, in terms of revenue and the trend is likely to continue through the forecast period. Outpatient centers, on the other hand, are expected to showcase limited revenue-generation possibilities.

"Given the applicability of peripheral nerve stimulators as a targeted alternative for pain management systems as opposed to high dosages of medication affecting the entire body, key companies manufacturing peripheral nerve stimulators are making substantial investments in clinical studies to improve the quality of treatment and technology for nerve disorder-related devices. Advantages of peripheral nerve stimulator such as minimal or no side effects of administering neuromuscular blocking agents (NMBAs) along with integration of next-generation technology, is likely to shape the future of peripheral nerve stimulator", Senior Analyst, Persistence Market Research

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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders 
Peripheral Nerve Stimulators Market Manufacturers 
Peripheral Nerve Stimulators Market Distributors/Traders/Wholesalers 
Peripheral Nerve Stimulators Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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Key Questions Answered in the Peripheral Nerve Stimulators Market Report

How is the Peripheral Nerve Stimulators Market expected to grow over the projected period?

What direction is the Peripheral Nerve Stimulators Market expected to take in terms of volume and value during the forecast period?

What is the impact of macroeconomic factors on the Peripheral Nerve Stimulators Market in future?

What are the key market drivers in the Peripheral Nerve Stimulators Market?

What are significant opportunities and improvement areas for Peripheral Nerve Stimulators Market manufacturers?

What are the key developments and trends taking over the Peripheral Nerve Stimulators Market?

Which are the emerging countries that are expected to create significant growth opportunities in the Peripheral Nerve Stimulators Market?  

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This release was published on openPR.