"Designing Growth Strategies is in our DNA"

Neurostimulation Devices Market Size, Share And Global Trend By Device Type (Vagus Nerve Stimulation Devices, Deep Brain Stimulation Devices, Spinal Cord Stimulation Devices, Sacral Nerve Stimulation Devices, Others), By Application (Epilepsy, Parkinson’s Disease, Chronic Pain Management, Dystonia,Others), By End Users (Hospital & Clinics, Ambulatory Surgical Centers, Others), And Geography Forecast Till 2026

Region : Global | Report ID: FBI100561 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Neurostimulation is the technique of pain management where pain signals are intercepted by neurostimulator implanted in the patient’s body before they reach the brain. Combined with this, the neurostimulation technique offers benefit to the people suffering from neurologic and psychiatric disorders. Neurostimulation device targets specific regions of the nervous system to provide therapeutic relief from a range of neuropsychiatric disorders. Neurostimulation devices are widely utilized in epilepsy, parkinson’s disease, essential tremor, obsessive-compulsive disorder, alzheimer’s disease, depression, chronic pain, and also to help in functional restoration for those who are afflicted with spinal injuries.

Increasing prevalence of chronic pain conditions coupled with psychiatric and neurological conditions is expected to drive the growth of the global neurostimulation devices market during the forecast period. According to a survey conducted by National Institutes of Health in 2018, an estimated 38.8% of the population in France was suffering from chronic back pain.

To get information on various segments, share your queries with us

Certain factors such as the higher cost of neurostimulation treatment and devices, this combined with inadequate availability of neurostimulation devices in emerging countries is anticipated to hamper the growth of the global neurostimulation devices market by 2026.

Key Players Covered

Some of the major companies that are present in the global neurostimulation devices market are Medtronic, Abbott, Boston Scientific Corporation, Cyberonics, Inc., BioControl Medical, Synapse Biomedical Inc., and Nevro Corp. and other players.

SEGMENTATION

SEGMENTATION

 DETAILS

By Device Type

·      Vagus Nerve Stimulation Devices

·      Deep Brain Stimulation Devices

·      Spinal Cord Stimulation Devices

·      Sacral Nerve Stimulation Devices

·      Others

By Application

·      Epilepsy

·      Parkinson’s Disease

·      Chronic Pain Management

·      Dystonia

·      Others

By End Users

·      Hospital & Clinics

·      Ambulatory Surgical Centers

·      Others

By Geography

·      North America (USA and Canada)

·      Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)

·      Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

·      Latin America (Brazil, Mexico and Rest of Latin America)

·      Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

 

Among the segmentation, spinal cord stimulation devices in device type segment are expected to hold a considerable share of the global neurostimulation devices market owing to it higher utilization for the treatment of the most common and chronic spinal cord associated disorders such as chronic back pain.

Key Insights

The regulatory scenario for key countries

Prevalence of neurological disorders and chronic pain for key countries

Recent industry developments such as partnerships, mergers, and acquisitions

New product launch in the market by key players

Regional Analysis

North America is expected to dominate the global neurostimulation devices market throughout the forecast period owing to a higher prevalence of neurological disorders, ongoing research & development initiatives for the neurostimulation devices and the gradual shift of patient preference towards utilization of advanced medical devices. In the Asia Pacific, Japan is expected to hold a significant market share due to the recent product approvals and developed healthcare infrastructure. The emerging markets such as India and China are expected to be among the fastest growing markets due to the increasingly technologically advanced product awareness and increasing healthcare expenditure.

Key Industry Developments

  • In June 2018, DyAnsys Inc. got FDA approval for its auricular neurostimulation device, named as Drug Relief, with aim to offer relief to the patient suffering from opioid withdrawal symptoms.
  • In April 2018, Allergan plc announced the launch of its neurostimulation product, TrueTear, an intranasal neurostimulation device, approved by the FDA, to induce natural tear production for the people suffering from inadequate tear production.
  • In January 2017, Abbott launched PROCLAIM DRG Neurostimulation System in European market for the management of chronic neuropathic pain.

 


Neurostimulation Devices Market Size, Share and Global Industry Trend Forecast till 2026
  • PDF
  • 2018
  • 2014-2017

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Healthcare Clients

Bio-Rad
DUPONT
baxter
Ge-Healthcare
SUANFARMA

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X