Neuromodulation Market: Key Market Players and Their Growth Strategies

Market Scenario

Neurological disorders such as epilepsy, Alzheimer disease, cerebrovascular diseases, and Parkinson’s disease affect the central and peripheral nervous system. Bacterial, viral, and fungal infections can also cause neurological disorders. To manage such disorders, neuromodulation is used, wherein small electrodes generate electrical most precise stimulation with the help of pulse generators to supplement neurological activities in effected people. The electrodes are generally placed directly in the brain or peripheral nerves or spinal cord whereas pulse generators are implanted within the skin. The key drivers for the growth of neuromodulation market include rise in geriatric population, their vulnerability for neurological disorders, increase in incidence of neurological diseases, such as Alzheimer’s and Parkinson’s diseases, and the increase in awareness regarding the safety and efficacy of neurostimulator devices. However, restrains, such as lack of trained healthcare professionals and stringent approval policies, are expected to hinder the market.

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Market Outlook:

The report analyzes the neuromodulation market based on product type, namely, internal and external neuromodulators. Internal neuromodulators are further segmented into deep brain stimulation, sacral nerve stimulation, vagus nerve stimulation, spinal cord stimulation, and other neurostimulators, whereas external neuromodulators are classified into transcutaneous electrical nerve stimulation and repetitive transcranial magnetic stimulation. The market is also segmented based on application, material, and geography. The report includes the revenue generated from the sales of the previously mentioned segments of neuromodulator devices. Spinal cord stimulation is the dominating segment whereas repetitive transcranial magnetic stimulation is the fastest growing segment among various neuromodulation technologies. Chronic pain management is the largest application segment and migraine is the fastest growing segment owing to the high incidence rate.

Top Players:

  • Medtronic
  • Boston Scientific
  • St Jude Medical
  • Liva Nova(Cyberonics)
  • Nevro

Neuromodulation Market Report Answers Key Queries to the business:

  • What will be the Neuromodulation market development rate by 2021
  • What are the Neuromodulationkey components driving the market
  • What are deals, mergers, and acquisition of the best producers
  • Who are the Neuromodulationdistributors, traders, and dealers
  • Who are the Neuromodulationkey vendors with their respective profile
  • What are the Neuromodulationtechnological advancements and restraining factors
  • What are deals, revenue, and analysis Neuromodulationkey regions, by types, Neuromodulationapplication
  • What are the restraints that will threaten Neuromodulationgrowth rate

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Neuromodulation Market: Segmentation

Neuromodulation market is classified on the basis of technology, application, company and geography.

Based on Technology, Neuromodulation market can be segmented as follows:

  • Spinal Cord Stimulation
  • Deep Brain Stimulation
  • Sacral Nerve Stimulation
  • Vagus Nerve Stimulation

Based on Application, Neuromodulation market can be segmented as follows:

  • Chronic Pain
  • Parkinson’s Disease
  • Urinary Fecal Incontinence
  • Refractory Epilepsy
  • Essential Tremor
  • Dystonia
  • Gastroparesis
  • Treatment Resistant Depression(TRD)
  • Obsessive Compulsive Disorder(OCD)

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, application, technology, geographies, companies and competitive landscape. The report concludes with the profiles of major players in the global neuromodulation such as Medtronic, Boston Scientific, St Jude Medical, Liva Nova and Nevro. The major market players are evaluated on various parameters such as company overview, product portfolio, and sales analysis of neuromodulation segment from 2010 to 2021. The report also entails major drivers and challenges of neuromodulation market.

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