Global neurostimulation market is registering a healthy CAGR of 12.90% in the forecast period of 2019-2026. This rise in the market can be attributed to the rising demand for safer and cost-effective treatment options and the increasing prevalence of diseases that are treated with neurostimulation therapy is the major growth factor
The neurostimulation market research report the market includes both essential just as auxiliary research information sources. It submits various components influencing healthcare industry, for example, market condition, different approaches of the administration, past information and market patterns, mechanical headways, forthcoming advancements, risk factors, market limitations, and difficulties in the business. The neurostimulation market report helps the clients to penetrate into this highly competitive neurostimulation market. It is very important to analyze the risk associated with market before entering the market. And to comprehend the risk factors and competitive scenario, this market is an ideal solution.
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Few of the major market competitors currently working in the global neurostimulation market are Medtronic, Abbott, Boston Scientific Corporation, LivaNova PLC, Nevro Corp., Neuronetics, LABORIE, Johnson & Johnson Services, Inc., NeuroPace, Inc., NeuroSigma, Inc., NDI, IntraPace, Inc., BioControl Medical, Synapse Biomedical Inc., Biegler GmbH, Stimwave LLC, Modulus, Inc., Integer Holdings Corporation among others.
Key Developments in the Market:
In June 2019, DW Healthcare Partners has announced the acquisition of Cefaly, a neurostimulation medical device to treat migraine headaches is developed by Lige, Belgium-based Cefaly. This device is non-invasive and can be self-administered to deliver electrical impulses to the trigeminal nerve. This acquisition will bring more technological advancement
In July 2019, Inspire Medical Systems is now approved for hypoglossal nerve neurostimulation device by the U.S. Food and Drug Administration to be medically essential to treat moderate to serious OSA when certain requirements are met. This allowance will help in company’s expansion
Global neurostimulation market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of neurostimulation market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Highlight points of the report:
1. CAGR values in the neurostimulation market for the forecast period
2. Key trends in the market place
3. Neurostimulation market Major players and brands
4. Drivers and restrains of the market
5. Competitive landscape
6. Potential and niche segments/regions exhibiting promising growth
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Surging demands of cost-effective and safer treatment options are driving the market growth
Rising prevalence of diseases which are treated with neurostimulation therapy is the major growth factor
FDA allowance for clinical trials in this area is helping the growth of the market
R&D is revealing more potential uses of the treatment is driving the market growth
Non-measurable outcomes hinders the market growth
Inefficient skilled personnel will act as a market restraint
Segmentation: Global Neurostimulation Market
Spinal Cord Stimulators
Deep Brain Stimulators
Sacral Nerve Stimulators
Vagus Nerve Stimulators
Gastric Electric Stimulators
Urinary and Fecal Incontinence
Middle East and Africa
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