Global Neurostimulation Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Neurostimulation Market by Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2018–2025,” the Neurostimulation Market was valued at XX million in 2016 and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025. North America is the leading region for this market, which is largely attributed to the increasing prevalence of neurological disorders in the region.
Neurostimulation is the intentionally modulation of the nervous system’s activity using invasive or non-invasive means. It is generally referred to the electromagnetic approaches to the neuromodulation. neurostimulation devices have also used in management of movement disorders including Parkinson’s disease and epilepsy.
The market is driven by the presence of large patient pool suffering from neurological disorders such as epilepsy, Parkinson’s disease, dystonia, depression, migraine, and chronic pain. The other factors propelling the growth of market includes, compelling clinical needs, expanding research activities, and application in new indications will also accelerate technological innovations in neurostimulation devices. Moreover, technological improvements, limited competition, long-term cost-effectiveness, and the increase in clinical trials for new indications will continue to drive market growth.
The global neurostimulation market report consists of various tools and techniques including, porters, value chain, market share analysis, and others. The data used in this report is gathered from extensive primary and secondary sources. These report gives the overall idea of market trends, opportunities, restraints, challenges, and others. The report includes major players along with their development strategies such as expansion, acquisition, merger, and others.
On the basis of segmentation, the market is categorized into various segments such as by device type, by application, and by region. On the basis of device type, the market is segmented into implantable device and external device. Based on application, the market is segmented into parkinson’s disease, epilepsy, urinary and fecal incontinence, gastroparesis, pain management, hearing loss and depression.
Key Question Answered: •What will be the market size in 2025 and at what rate it will grow? •Who are the major key players in global neurostimulation market and what are their strategies? •Which vertical industry is expected to show major growth? •What segment and region will lead the market and why?
The major companies profiled in the report include: Medtronic, Inc., Boston Scientific Corporation, St. Jude Medical, Inc., Synapse Biomedical, Inc., Nevro Corporation, Neurosigma, Inc., Neuropace, Inc., Neuronetics, Inc., Cyberonics, Inc., and BioControl Medical.
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