Neurostimulation Devices Market 2019 Demand, Size, Growth Research Report by 2025
Category: #business  By Rahul Varpe  Date: 2020-01-15
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Neurostimulation Devices Market 2019 Demand, Size, Growth Research Report by 2025

The American Neurological Association says that neurological diseases affect more than 100 million American people each year. Reports suggest that North America neurostimulation devices market size is projected to depict a robust CAGR of over 13.5% from 2019 to 2025. Neurostimulation devices market size is likely to procure commendable returns over the coming years, primarily owing to a large number of patients affected by neurologic and psychiatric disorders such as chronic lower back pain, Alzheimer’s disease, dementia, and Parkinson’s disease.

Recent advances in neuroimaging and neurotechnology have immensely contributed towards the rapid adoption of neurostimulation therapies that help in treating an increasingly wide range of psychiatric and neurological disorders. Designing better user interface as well as developing fast and efficient methods to meet consumer needs will further bolster neurostimulation devices market trends.

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In a fast evolving neurostimulation devices industry, medical practitioners are focusing to develop new treatments for chronic conditions by combining effectively with artificial intelligence capabilities which will enable the development of non-invasive and invasive brain computer interfaces. These solutions could easily integrate with brain tissue and enhance brain functioning efficiently.

Neurostimulation Devices market report is an all-inclusive document, compiled and designed to provide best-in-class research, insightful analysis and accurate quantitative data. The coverage of this research is the most extensive when compared to other similar studies available on Neurostimulation Devices market. The industry ecosystem information presented in this report is next-to-none and aims to address all stakeholders of the industry, irrespective of their size and business function. Details of segmentation and cross reporting structure, wherever feasible, makes this Neurostimulation Devices market research one of its kind to offer the most in-depth, readily available data.

Enumerated below are certain factors anticipated to influence the adoption of neurostimulation devices over the projected timeframe:

Consistent development of neuromodulation techniques:

Reportedly, increasing number of neurological diseases have been observed worldwide, with Parkinson’s itself affecting around 1 million people in the U.S. every year. Growing incidences of neurological disorders lead to loss of work productivity, further contributing towards global economic burden. With the prevalence of neurologic and psychiatric conditions, the medical industry has expanded its research scope and given more focus towards neuromodulation technologies for their treatment.

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Neurostimulation devices are being produced as well as adopted globally at a robust rate, due to their efficient, target-specific, and safe approach to treat chronic diseases. Rising investments toward novel technologies will influence neurostimulation devices market outlook significantly.

In August 2019, Boston Scientific Corporation confirmed the approval from FDA for its Vercise Gevia deep brain stimulation (DBS) system to be used during the time of full-body MRI scans. The system was designed for the treatment of patients witnessing symptoms of Parkinson’s disease. It helps in delivering precisely targeted electrical stimulation that can aid to minimize the impact of numerous side effects of the disease.

Report Content

Chapter 1. Methodology

1.1. Methodology

1.2. Market definitions

1.3. Forecast parameters

1.4. Data sources

1.4.1. Secondary

1.4.1.1. Paid sources

1.4.1.2. Unpaid sources

1.4.2. Primary

Chapter 2. Executive Summary

2.1. Neurostimulation devices industry 3600 synopsis, 2014 - 2025

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Application trends

2.1.4. Regional trends

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Chapter 3. Neurostimulation Devices Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 - 2025

3.3. Industry impact forces

3.3.1. Growth drivers

3.3.1.1. Increasing demand for minimally invasive technologies in the developed countries

3.3.1.2. Rising prevalence of neurological disorders in the U.S. and Europe

3.3.1.3. Growing adoption of innovative and technologically advanced products

3.3.1.4. Increasing number of elderly patients with neurological disorders in the U.S and European countries

3.3.1.5. Technological advancements

3.3.2. Industry pitfalls and challenges

3.3.2.1. Complications associated with neurostimulation devices

3.3.2.2. Lack of skilled healthcare practitioners

3.4. Growth potential analysis

3.4.1. By product

3.4.2. By application

3.5. Pricing analysis

3.6. Regulatory landscape

3.6.1. U.S.

3.6.2. Europe

3.7. Porter’s analysis

3.8. Competitive landscape, 2018

3.8.1. Company market share analysis

3.8.2. Strategy dashboard

3.9. PESTEL analysis

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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