Global neuromodulation devices market is set witness a substantial CAGR in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. Rising cases of neurological disorders and miniaturization of devices are the factor for the market growth.
Few of the major competitors currently working in the global neuromodulation devices market are Medtronic; Boston Scientific Corporation; Nevro Corp.; NeuroSigma, Inc; NeuroPace, Inc.; Abbott.; Soterix Medical Inc; Synapse Biomedical Inc.; ReShape Lifesciences, Inc.; Bioness Inc.; Aleva Neurotherapeutics SA; LivaNova PLC; Neuronetics; Cyberonics, Inc; Neuromod; Axonics Modulation Tech; The Magstim Company Limited; Sooma Oy; CVRx; Helius Medical Technologies; WISE Srl; among others.
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With the market info provided in the Neuromodulation Devices Market report, it has become easy to gain global perspective for the international business. Focus groups and in-depth interviews are included for qualitative analysis whereas customer survey and analysis of secondary data has been carried out under quantitative analysis. This market analysis report acts as a very significant constituent of business strategy. It is a definite study of the Healthcare industry which explains what the market definition, classifications, applications, engagements, and global industry trends are. Neuromodulation Devices Market business document proves to be a sure aspect to help grow the business.
Market Definition: Global Neuromodulation Devices Market
Neuromodulation is a prolific technology that uses electricity or chemical agents in the body to stimulate specific neurological sites or alter nerve activity. They are widely used for the treatment of condition such as epilepsy, Parkinson disease, dystonia and other. Mostly neuromodulation devices use electrical stimulation. These devices are widely used in application such as spinal cord stimulation, vagus nerve stimulation, gastric electrical stimulation, transcutaneous electric nerve stimulation among others.
Segmentation: Global Neuromodulation Devices Market
Neuromodulation Devices Market : By Product Type
- Internal Neuromodulation
- External Neuromodulation
Neuromodulation Devices Market : By End- User
- Home Healthcare
Neuromodulation Devices Market : By Application
- Spinal Cord Stimulation
- Deep Brain Stimulation
- Sacral Nerve Stimulation
- Vagus Nerve Stimulation
- Gastric Electrical Stimulation
- Transcutaneous Electrical Nerve Stimulation
- Repetitive Transcranial Magnetic Stimulation
- Respiratory Electrical Stimulation
Neuromodulation Devices Market : By Biomaterial
- Metallic Biomaterials
- Polymeric Biomaterials
- Ceramic Biomaterials
Neuromodulation Devices Market : By Geography
- North America
- South America
- Middle East and Africa
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Key Developments in the Neuromodulation Devices Market:
- In October 2018, Heraeus Medical Components announced the acquisition of Evergreen Medical Technologies. This acquisition will help the company so they can provide different neuromodulation solutions to its medical device customers. With this acquisition, they can enhance their supply chain and provide cost effective solution to market
- In July 2016, Boston Scientific announced the acquisition Cosman Medical so they can enhance their neuromodulation portfolio. This will help the company to provide better treatment for the chronic diseases and also provide access to the Cosman’s radiofrequency ablation systems which is specially designed for neurosurgery and pain management. This will expand the Boston portfolio and will strengthen their market position
Neuromodulation Devices Market Drivers
- Technological advancement in neuromodulation devices will drive the market growth
- Increasing number of clinical trial worldwide also acts as a market driver
- Rising aging population is another factor boosting the market growth
- Increasing approval rate of neurostimulators will also contribute as a factor for this market growth
Neuromodulation Devices Market Restraints
- Lack of skilled and trained professional will restrict the growth of this market in the forecast period
- High investment cost will also hamper the market growth
- Unfavorable repayment policies will also impede the growth of this market
Global neuromodulation devices 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 neuromodulation devices market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report
- Current and future of global neuromodulation devices market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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