Press release
Neuromodulation Market Share, Size Report 2022-2027: Growth, Top Companies Share, Analysis And Forecast
Neuromodulation represents a medical technique used for the alteration and modulation of nerve activities by delivering pharmaceutical or electrical agents directly to the targeted area. It comprises of tiny electrodes that generate electrical stimulation with the help of pulse generators to supplement neurological activities in the patients. The electrodes are usually placed in the brain, nerves, or spinal cord, whereas pulse generators are implanted within the skin. Neuromodulation includes the deep brain, vagal nerve, transcranial magnetic, electrical stimulation, etc. It aids in alleviating symptoms, monitoring nerve activity, normalizing activity levels in the brain, etc. As such, neuromodulation is used to treat chronic pain, depression, epilepsy, tremor, migraine, failed back syndrome, gastroparesis, etc.
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Neuromodulation Market Trends:
The rising prevalence of Alzheimer's and Parkinson's diseases and the expanding geriatric population are primarily driving the neuromodulation market. Additionally, the widespread adoption of spinal cord stimulation (SCS) in several medical problems, such as neuropathy, nerve damage, complex regional pain syndrome, failed back surgery syndrome, arachnoiditis, etc., is further catalyzing the market growth.
Besides this, the growing utilization of neuromodulation to treat low movement, rigidity, tremor, walking problems, neurodegenerative, overactive bladder, etc., is acting as another significant growth-inducing factor. Moreover, the escalating demand for deep brain stimulation (DBS) that delivers low bipolar or monopolar electric impulses is augmenting the global market. Apart from this, numerous technological advancements, such as the introduction of lithium-ion (Li-ion) batteries that provide high energy density, rechargeability, enhanced cycling temperature, etc., are anticipated to fuel the neuromodulation market over the forecasted period.
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Key Market Segmentation:
The report has been segmented the market into following categories:
Breakup by Technology:
• Internal Neuromodulation
o Spinal Cord Stimulation (SCS)
o Deep Brain Stimulation (DBS)
o Vagus Nerve Stimulation (VNS)
o Sacral Nerve Stimulation (SNS)
o Gastric Electrical Stimulation (GES)
• External Neuromodulation
o Transcutaneous Electrical Nerve Stimulation (TENS)
o Transcranial Magnetic Stimulation (TMS)
o Others
Breakup by Biomaterial:
• Metallic Biomaterials
• Polymeric Biomaterials
• Ceramic Biomaterials
Breakup by Application:
• Parkinson's Disease
• Epilepsy
• Depression
• Dystonia
• Pain Management
• Others
List of Key Companies Covered in this Market Report:
• Abbott Laboratories
• Bioventus Inc.
• Boston Scientific Corporation
• Helius Medical Technologies
• Integer Holdings Corporation
• LivaNova PLC
• Medtronic plc
• MicroTransponder Inc.
• Neuronetics
• NeuroPace Inc.
• NeuroSigma Inc.
• Nevro Corp.
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Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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