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UK Neural Implants Market Size, Share, Growth, Analysis and Forecast 2023-2030

11-28-2023 01:11 PM CET | Health & Medicine

Press release from: Orion Market Research

UK Neural Implants Market Size, Share, Growth, Analysis

The UK neural implants market is expected to exhibit a rapid CAGR of 7.8% during the forecast period. In the UK, it is estimated that approximately 10-40% of individuals undergoing back surgery suffer from FBS. An estimated prevalence of FBS for neuropathic back and leg pain was around 5,800 per 100,000 population in the country. As a result, the NHS recommends such patients to undergo SCS procedures for effective treatment outcomes associated with chronic pain. Further, the recent guidelines in the UK from the National Institute for Health and Care Excellence (NICE) recommend the use of DBS for the treatment of PD.

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Additionally, owing to such a large patient pool, the market penetration of advanced medical devices such as neural implants is high in the UK. Further, the high penetration of such advanced medical devices paves a significant market opportunity for the global as well as regional players. As a result, vendors are coming up with new marketing and sales strategies to increase sales of highly advanced neural implants. Therefore, the high patient pool, coupled with the availability of advanced devices, is expected to boost the neural implants market in the UK.

UK Neural Implants Market Report Segment

By Product

Deep Brain Stimulation (DCS)
Spinal Cord Stimulation (SCS)
Vagus Nerve Stimulation (VNS)

By Application

Chronic Pain
Epilepsy
Parkinson's Disease (PD)
Others (Depression and Other Movement Disorders)

By End-user

Hospitals
Outpatient Surgery Centers
Specialized Neurological Centers (SNCs)

A full report of UK Neural Implants Market is available at: https://www.omrglobal.com/industry-reports/uk-neural-implants-market

Company Profiles

Abbott
Aleva Neurotherapeutics SA
BIOS
Boston Scientific Corporation
LivaNova PLC
Medtronic
Renishaw plc
Saluda Medical Pty Ltd.

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Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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