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Neurostimulation Devices Market 2023 - Business Outlook, Industry Analysis, Data Research, And Forecast To 2032 | Medtronic, Cyberonics, Boston Scientific Corporation
Neurostimulation Devices Market
As per the neurostimulation device market report by The Business Research Company, the rising geriatric population across the globe is driving the growth of the neurostimulation device market. An increasing number of the population is aging, and this geriatric population is falling prey to different neurobiological disorders.
The global neurostimulation devices market size will grow from $5.69 billion in 2022 to $6.28 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The neurostimulation devices market size is expected to grow to $9.04 billion in 2027 at a CAGR of 9.5%.
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https://www.thebusinessresearchcompany.com/report/neurostimulation-devices-global-market-report
Major competitors in the neurostimulation device market include Medtronic, Cyberonics, Boston Scientific Corporation, St. Jude Medical, Nevro Corporation, Neuronetics Inc., NeuroPace Inc., NeuroSigma Inc., Cochlear Ltd., and NDI Medical.
The neurostimulation device market is segmented -
•By Product: Implantable Devices, External Devices
•By Application: Pain Management, Epilepsy, Essential Tremor, Urinary and Fecal Incontinence, Depression, Dystonia, Gastroparesis, Parkinson's Disease
•By End User: Hospitals, Rehabilitation Centers, Medical Clinic
•By Implantable Devices: Cochlear Implants, Deep Brain Stimulation, Spinal Cord Stimulation, Vagus Nerve Stimulation, Sacral Nerve Stimulation, Gastric Electric Stimulation 5) By External Devices: Transcranial Magnetic Stimulation (TMS), Transcutaneous Electrical Nerve Stimulation (TENS)
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the neurostimulation device market.
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Neurostimulation devices are implantable and programmable medical devices that send low voltage electricity to a specific nerve or target in the spinal cord or brain to affect neuronal transmissions. This procedure is used to treat or modulate motor functions in conditions such as neuropathic pain, chronic pain, major treatment-resistant depression Parkinson's disease, epilepsy, incontinence, gastroparesis, and essential tremor.
The Table Of Content For The Neurostimulation Device Market Include:
1. Executive Summary
2. Neurostimulation Devices Market Characteristics
3. Neurostimulation Devices Market Trends And Strategies
4. Neurostimulation Devices Market - Macro Economic Scenario
5. Neurostimulation Devices Market Size And Growth
6. Neurostimulation Devices Market Segmentation
……
26. Africa Neurostimulation Devices Market
27. Neurostimulation Devices Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Neurostimulation Devices Market
29. Neurostimulation Devices Market Future Outlook and Potential Analysis
30. Appendix
The "Global Neurostimulation Device Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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