Neurostimulation is the intentional modification of nervous system activity through invasive or non-invasive techniques. An implantable neurostimulator is a stopwatch-sized device that is surgically implanted. It sends gentle electrical signals to the epidural area near your spine via one or more small wires known as leads. They have been used to treat and reduce symptoms associated with neurological illnesses such as Parkinson's disease, epilepsy, tremor, dystonia, tinnitus, stroke, incontinence, gastroparesis, and obesity.
Implantable Neurostimulation Devices Market Overview:
The fundamental purpose of this research is to help the user understand the Implantable Neurostimulation Devices Market in terms of definition, segmentation, market potential, significant trends, and the issues that the Implantable Neurostimulation Devices industry faces in key areas and countries. Market figures and information were gathered from reliable sources such as websites, annual reports of businesses, journals, and so on, and were then checked and validated by industry professionals.
Implantable Neurostimulation Devices Market size is expected to reach US$ 16.21 Bn. by year 2029 at a CAGR of 12.8% during the forecast period.
Implantable Neurostimulation Devices Market Report Scope and Research Methodology:
Market figures and information were gathered from reliable sources such as websites, annual reports of businesses, journals, and so on, and were then checked and validated by industry professionals.
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Implantable Neurostimulation Devices Market Drivers:
Neurostimulation technology advancements are offering relief to an unprecedented number of people suffering from debilitating neurologic and mental problems. Recent improvements in neurotechnologies and neuroimaging, as well as a better knowledge of neurocircuitry, are all factors contributing to the rapid rise in the use of neurostimulation therapies to treat a growing number of neurologic and psychiatric illnesses. On the contrary, the growing elderly population, increased prevalence of lifestyle disorders such as depression and chronic pain, and investment in R&D activities all contribute to market growth.
Implantable Neurostimulation Devices Market Segmentation:
by Technology
• Spinal cord stimulation (SCS)
• Deep brain stimulation (DBS)
• Sacral nerve stimulation (SNS)
• Gastric electric stimulation (GES)
by End User
• Hospitals
• Clinics
• Ambulatory surgical centers
by Application
• Pain management
• Epilepsy
• Parkinson’s
• Urinary & fecal incontinence
The global Implantable Neurostimulation Devices Market is divided into three sections: technology, application, and end-users. Innovative revolutionary technologies in the technology area include spinal cord stimulation (SCS), deep brain stimulation (DBS), sacral nerve stimulation (SNS), and gastric electric stimulation (GES). In 2018, the spinal cord stimulation (SCS) segment had the highest revenue share of $ 2270 MN. During the forecast period, it is expected to increase at a rapid pace. A Spinal Cord Stimulator (SCS) or Dorsal Column Stimulator (DCS) is an implantable neuromodulation device that sends electrical signals to specific parts of the spinal cord (dorsal columns) to relieve pain.
Key Players:
The analysis examines the industry's main market participants, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key participants in the Implantable Neurostimulation Devices market are as follows:
• St. Jude Medical
• Medtronic Inc.
• Boston Scientific Corporation
• BioControl Medical
• Synapse Biomedical Inc.
• Nevro Corporation
• Spinal Modulation
• Cyberonics, Inc.
• Abbott
• LivaNova
• NeuroPace
• Beijing Pins
• Cochlear, Ltd.
• NDI Medical, LLC.
• MED-EL.
• NeuroSigma, Inc.
• NeuroMetrix
• Sonova
• The Magstim Company Limited
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Regional Analysis:
The report focuses on Regions and Market Size of Implantable Neurostimulation Devices , and development forecast 2021-2027, including industries, major players, suppliers globally, and market share by regions, with company and product introductions, market position including market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on Implantable Neurostimulation Devices Market:
The report addresses the consequences of COVID-19: Since the COVID-19 virus emerged in December 2019, the sickness has spread to nearly every country on the earth, causing the World Health Organisation to designate it a public health catastrophe. The global impacts of the coronavirus outbreak are already being felt, and they will have a significant impact on the Implantable Neurostimulation Devices sector in 2021.
Key Questions answered in the Implantable Neurostimulation Devices Market Report are:
What is the function of Implantable Neurostimulation Devices ?
What is the predicted revenue generation of the Implantable Neurostimulation Devices market?
At what growth rate is the Implantable Neurostimulation Devices market evolving?
Who are the major market giants operating in the Implantable Neurostimulation Devices market?
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