(Health-NewsWire.Net, February 16, 2016 ) The global market is increasing, due to growing geriatric population and increasing incidence of neurological disorders. In addition, the growing awareness about mental diseases and their treatment, increasing research and development investments, and growing demand of minimally invasive treatments is encouraging the growth of the global neurostimulation devices market.
Based on type of devices, the implantable/internal devices segment is expected to witness the fastest growth during the forecast period. Among the various applications, the pain management segment accounted for the largest share in the global market in 2014; and the segment is expected to witness the fastest growth, with 13.5% CAGR during the 2015 2020.
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The information and data in the publication Global Neurostimulation devices Market Size, Share, Development, Growth and Demand Forecast to 2020 represent the research and analysis of data from various primary and secondary sources. The bottom-up approach has been used to calculate the size of the global neurostimulation devices market by type of devices and application. The market numbers for countries are obtained through top-down approach. P&S Market Research analysts and consultants interacted with the authorities from leading companies of the concerned domain, to substantiate every value of data presented in this report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.
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The awareness about mental diseases is increasing across the world, owing to increased investments and initiatives taken by private and public health institutions for raising awareness about mental diseases and available treatments in the market. The R&D investments in the development of novel and innovative neurostimulation devices are growing, owing to increased demand for effective neurological devices for the treatment of neurological diseases. Moreover, the currently available devices require surgical implantation and replacement surgeries after every few years. The technologically advanced devices facilitate non-invasive procedures for the safe and effective treatment of drug-resistant neurological disorders, which is acting as a major growth driver for the global neurostimulation devices market.
The key companies operating in the global neurostimulation devices market include Medtronic PLC, St. Jude Medical Inc., Cyberonics Inc., Boston Scientific Corporation, Cochlear Ltd., MED-EL, NeuroPace Inc., NeuroSigma Inc., NDI Medical LLC, and Neuronetics Inc.
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GLOBAL NEUROSTIMULATION DEVICES MARKET SEGMENTATION By Type of Devices Implantable/Internal Devices External Devices By Type of Implantable/Internal Devices Spinal Cord Stimulation Devices Deep Brain Stimulation Devices Sacral Nerve Stimulation Devices Vagus Nerve Stimulation Devices Cochlear Implants Devices Gastric Electric Stimulation Devices Others By Type of External Devices Transcranial Magnetic Stimulation Devices Transcutaneous Electrical Nerve Stimulation Devices By Application Pain Management Parkinsons disease Neurologic Urinary and Fecal Incontinence Epilepsy Hearing loss Gastroparesis Depression Others By Geography North America- The U.S., Canada, and Rest of North America Europe- Germany, France, The U.K., Rest of Europe Asia- China, Japan, India, and Rest of Asia Rest of the World (RoW)
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