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Neurostimulation Devices Market to accrue appreciable gains by 2026

Author : Ronak Bora | Published Date : 2020-11-04 

Neurostimulation Devices Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Neurostimulation devices market has witnessed commendable proceeds over the years due to a large number of people affected with severe neurologic and psychiatric diseases. These include Alzheimer’s disease, lower back pain, Parkinson’s disease as well as dementia.

In a rapidly evolving industry, medical professionals are aiming at developing new treatments for chronic conditions by integrating effectively AI capabilities that may facilitate developments of invasive as well as non-invasive brain-computer interfaces. Emerging technologies in this field carry the potential to restore vision and the movement after paralysis and traumatic injury which holds a wide potential for the product in the coming times.

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In the latest research report compiled by GMI, neurostimulation devices market size has been projected to surpass US$22 billion by 2026.

With an upsurge in spinal cord injuries, traction for spinal cord stimulator will potentially witness an upswing across the globe. According to The National Spinal Cord Injury Database, there are around 54 cases per one million people in the U.S., which translates into 17,810 new spinal cord injuries cases each year.

Spinal cord stimulators are gaining traction in light of surge in the number of minimally invasive procedures. A notable spike in the number of individuals suffering from chronic back pain has further triggered the growth of spinal cord stimulators. Spinal cord stimulators segment is poised to expand at a CAGR of around 12% through 2026.

Production of deep brain stimulators has surged in recent years following its trend in treating Parkinson’s disease. Deep brain stimulators will be highly desirable to treat psychiatric conditions, dystonia and Parkinson’s disease. 

There has also been an upsurge in Parkinson’s disease that has furthered the use of neurostimulation devices. The Parkinson’s disease portfolio accounted for approximately 7% market share in 2019, an upsurge is projected in the next five years. According to the Parkinson’s Foundation, around 60,000 Americans are diagnosed with Parkinson’s disease every year. Rampant Parkinson’s disease is likely to augur well for the stakeholders eyeing to expand their penetration in the untapped areas.

Stakeholders are likely to infuse funds in Europe neurostimulation devices market as countries such as the U.K., Germany, Italy and France witness an uptick in the use of minimally invasive techniques. For instance, U.K. neurostimulation devices market value was pegged at around US$400 million in 2019.

Europe is witnessing an uptick in the number of neuropsychiatric disorders, making neurostimulation devices highly sought-after in the region. Favorable government policies and concerted efforts by private agencies are expected to foster neurostimulation devices market outlook.

Forward-looking companies are likely to focus on the product roll outs, mergers & acquisitions and partnerships. For instance, Medtronic received green signal from FDA for the use of Percept PC deep brain stimulation system (DBS) in June 2020. Sone of the leading companies profiled in the report are IntraPace, Medtronic, Abbott, Boston Scientific, Bayer AG, LivaNova, Laborie and IntraPace, among others. 

Browse full table of contents (TOC) of this report @ https://www.decresearch.com/toc/detail/neurostimulation-devices-market-report

Partial Chapter of the Table of Content 

Chapter 4. Neurostimulation Devices Market, By Product

4.1. Key segment trends

4.2. Deep brain stimulators

4.2.1.    Market size, by region, 2015-2026 (USD Million)

4.3. Gastric electric stimulators

4.3.1.    Market size, by region, 2015-2026 (USD Million)

4.4. Spinal cord stimulators

4.4.1.    Market size, by region, 2015-2026 (USD Million)

4.5. Sacral nerve stimulators

4.5.1.    Market size, by region, 2015-2026 (USD Million)

4.6. Vagus nerve stimulators

4.6.1.    Market size, by region, 2015-2026 (USD Million)

4.6.2.    Invasive    Market size, by region, 2015-2026 (USD Million)

4.6.3.    Non-invasive    Market size, by region, 2015-2026 (USD Million)

Chapter 5. Neurostimulation Devices Market, By Application

5.1. Key segment trends

5.2. Pain management

5.2.1.    Market size, by region, 2015-2026 (USD Million)

5.3. Epilepsy

5.3.1.    Market size, by region, 2015-2026 (USD Million)

5.4. Essential tremor

5.4.1.    Market size, by region, 2015-2026 (USD Million)

5.5. Urinary and fecal incontinence

5.5.1.    Market size, by region, 2015-2026 (USD Million)

5.6. Depression

5.6.1.    Market size, by region, 2015-2026 (USD Million)

5.7. Dystonia

5.7.1.    Market size, by region, 2015-2026 (USD Million)

5.8. Gastroparesis

5.8.1.    Market size, by region, 2015-2026 (USD Million)

5.9. Parkinson’s disease

5.9.1.    Market size, by region, 2015-2026 (USD Million)

5.10.    Others

5.10.1. Market size, by region, 2015-2026 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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