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Obesity Treating Neuromodulation System Market: Emerging Market Trends, Size, Share and Growth Analysis
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According to the WHO, obesity is considered as fifth leading risk of death. It has become a major public health problem all over the world and is a result of combination of various causes such as, genetic and behaviors of individuals. Neuromodulation has shown some benefit in treatment of obesity and it is less invasive than the gastric banding and gastric bypass, which are surgical treatment option for obesity. Obesity treating neuromodulation system works by manipulation the appetite signal between gut and the brain.
Obesity Treating Neuromodulation System Market: Drivers and Restraint
The global obesity treating neuromodulation systems market is primarily driven by the increasing prevalence of obese population. According to WHO, at least 2.8 million people die each year due to the obesity. Increasing adoption of novel technology and advancement in the neuromodulation devices is also expected to drive the growth in the obesity treating neuromodulation system market. Increasing awareness among people regarding benefit of neuromodulation system over tradition treatment and increasing approval are also expected to fuel the growth of the market. Complications associated with the neuromodulation devices and hesitation among people to get implant for obesity treatment is expected to be restraint in the growth of obesity treating neuromodulation systems market.
Obesity Treating Neuromodulation System Market: Overview
The global obesity treating neuromodulation system market is expected to show a significant growth over the forest period. Over the last few years, number of population with the obesity has grown significantly and increasing demand for less invasive treatment is expected to drive the growth of obesity treating neuromodulation system market. Increasing approval of neuromodulation systems by the regulatory bodies and increasing adoption of these new technology by the patient is expected to drive the growth of the market. Vagus nerve stimulators market segment is expected to be biggest and fastest growing segment of obesity treating neuromodulation system market. As, it interfere with the hunger signal from the gut to the brain and reduce the craving for food. Other neurostimulation systems are also expected to show a significant growth in the obesity treating neuromodulation system market.
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Obesity Treating Neuromodulation System Market: Region Wise Outlook
The global obesity treating neuromodulation system market can be segmented into regions: North America, Latin America, Europe, Asia Pacific and Middle East & Africa. North America region dominates the global obesity treating neuromodulation system market and is expected to continue to dominate the market over the forecast period. High adoption of neuromodulation system and increased regulatory approval of these devices in the region is expected to be factor for the growth of obesity treating neuromodulation system market. Europe is the second biggest market for the obesity treating neuromodulation system. Increasing prevalence of obesity and presence of market players is also driving the market of obesity treating neuromodulation system market in North America and Europe.
Obesity Treating Neuromodulation System Market: Key Players
Some of the market players in the global obesity treating neuromodulation system market are, Medtronic plc., Cyberonics, Inc., St. Jude Medical, Inc., BioControl Medical, Leptos Medical, Inc., EnteroMedics, Inc., Nevro Corp., and Nuvectra.
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