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Neuromodulation Market 2023 : By Size, Share, Trends, Growth And Regional Outlook 2032 | Abbott Laboratories, Soterix Medical, Boston Scientific Corporation, Medtronic Plc., Synapse Biomedical Inc.
Neuromodulation Market Forecast
As per the neuromodulation market report by The Business Research Company, The growing prevalence of neurological disorders is expected to propel the growth of the neuromodulation market going forward. Neurological disorders are technically defined as problems that affect the brain as well as the nerves located throughout the human body and the spinal cord. Neuromodulation offers the ability to cure and modulate a wide range of neurological disorders and diseases, such as Parkinson's and Alzheimer's diseases.
The global neuromodulation market size is expected to grow from $5.78 billion in 2022 to $6.43 billion in 2023 at a compound annual growth rate (CAGR) of 11.2%. 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 global neuromodulation market size is expected to reach $9.62 billion in 2027 at a CAGR of 10.6%.
Read More On The Neuromodulation Market Report Here:
https://www.thebusinessresearchcompany.com/report/neuromodulation-global-market-report
Major competitors in the Neuromodulation market include Abbott Laboratories, Soterix Medical, Boston Scientific Corporation, Medtronic Plc., Synapse Biomedical Inc., Nevro Corporation, Neuropace Inc., LivaNova Plc., Neurosigma Inc., Neuronetics Inc., Bioness Inc., Aleva Neurotherapeutics SA, Integer Holdings Corporation, ReShape Lifesciences Inc., and Inspire Medical Systems Inc.
The Neuromodulation market is segmented -
By Technology: Internal Neuromodulation, External Neuromodulation (Non-invasive)
By Biomaterial: Polymeric Biomaterial, Metallic Biomaterial, Ceramic Biomaterial
By Application: Chronic Pain, Urinary And Fecal Incontinence, Migraine, Failed Back Syndrome, Parkinson Disease, Epilepsy, Tremor, Depression, Other Applications
By End-User: Hospitals, Clinics, Home Healthcare
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Neuromodulation market.
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The main technologies involved in neuromodulation are internal neuromodulation and external neuromodulation (non-invasive). Internal neuromodulation involves implanting an electrode near a target nerve and delivering a low-voltage electric current through it. The biomaterials include polymeric biomaterial, metallic biomaterial, and ceramic biomaterial that are used for treating chronic pain, urinary and fecal incontinence, migraine, failed back syndrome, Parkinson's disease, epilepsy, tremor, depression, and others by various end-users including hospitals, clinics, and home healthcare.
The Table Of Content For The Neuromodulation Market Include:
1. Executive Summary
2. Neuromodulation Market Characteristics
3. Neuromodulation Market Trends And Strategies
4. Neuromodulation Market - Macro Economic Scenario
5. Neuromodulation Market Size And Growth
……
26. Africa Neuromodulation Market
27. Neuromodulation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Neuromodulation Market
29. Neuromodulation Market Future Outlook and Potential Analysis
30. Appendix
The "Global Neuromodulation 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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