Neurostimulation Devices Market: Healthcare Companies Explore Effects of Multiple Electrophysiological Mechanisms to Improve Efficacy in Neuromodulation

New Lead Interface Designs Serve as Cost-efficient Method for Development of Neurostimulation Devices

Design innovations improve the manufacturability of neurostimulation devices. Companies in the neurostimulation devices market are developing new lead interfaces to integrate new external pulse generators. Apart from chronic pain and epilepsy, healthcare industries are increasing awareness about neurostimulation devices for the treatment of bladder dysfunction. Technological developments in devices are benefitting stakeholders in the healthcare value chain with the increasing availability of new and improved solutions.

The trend of implantable neurostimulation technologies is driving the growth of the neurostimulation devices market. Companies are exploring untapped opportunities in the development of new lead interfaces in external pulse generators. Innovations in new lead interfaces are overcoming the drawbacks of conventional lead interface designs. Clinical challenges associated with traditional lead interface designs are triggering the demand for new lead interfaces.

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By streamlining production processes, medical hardware manufacturers in the neurostimulation devices market can significantly reduce the time required to develop these devices. They should adopt techniques of laser welding and other high-precision techniques to optimize lead interface designs.

AI and Machine Learning Steer Innovation in Smart Neuromodulation for Brain Damage Patients

The trend of smart neuromodulation is engulfing the neurostimulation devices market. Better understanding of neural targets with AI is paving the way for technological advancements. Companies in the neurostimulation devices space are harnessing the techniques of machine learning to assess non-invasive brain computer interfaces. These techniques are creating scope for treatment opportunities catering to brain damage.

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Companies in the neurostimulation devices market are increasing research efforts in understanding brain functions and AI to overcome stagnation in neuromodulation technology. To sustain success in the landscape, healthcare industries will have to incorporate neurophilosophy of network science, since brain functions are complex and complicated. Neurophilosophy of network science is helping companies deploy novel stimulation designs such as burst stimulation. The new technique of burst stimulation is incorporated with sensing technology to record brain activity and generate key insights. Closed-loop spinal cord stimulation serves as an efficacious treatment option for chronic pain. On the other hand, companies are running several clinical trials to assess the effects of responsive brain stimulation for epilepsy.

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Smart Implants - Cost- and Time-efficient Option for Neurological Patients

Healthcare providers are increasing efforts to achieve increased success rate in brain implants. The implantation of neurostimulation devices in Parkinson’s patients is creating a scope for incremental opportunities for companies in the neurostimulation devices market. Currently, epilepsy accounts for the third-highest revenue amongst all applications in the neurostimulation devices market, with a recorded value of ~US$ 750 million in 2018. Smart implants are helping treat epilepsy and other neurological conditions such as Parkinson’s disease, as these implants 'listen' to brain signals and stimulate brain activity.

Neurostimulation devices are being increasingly used to treat various health conditions, such as the effects of stroke and even depression, amongst patients. Healthcare companies are increasing research to develop tiny external controllers that monitor any abnormal activity in the brain. Novel neurostimulation devices can modulate electrical signals to prevent the incidence of seizure or tremors in patients. Neurostimulation devices are gaining increased popularity amongst individuals, owning to their cost-efficiency and time effectiveness attributes. More and more individuals are benefitting with the help of neurostimulation devices, as the effectiveness of these devices saves time and money to find the right therapy for patients.

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Healthcare Companies Explore Effects of Multiple Electrophysiological Mechanisms to Improve Efficacy in Neuromodulation

The field of neuromodulation is making significant advancements in the therapeutics landscape. High prevalence of chronic pain amongst individuals has catalyzed innovations in the neurostimulation devices market. As such, the chronic pain application accounts for the highest revenue in the neurostimulation devices market, with a predicted value of ~US$ 6.4 billion by 2027. This is why, healthcare industries are innovating in neuromodulation technology to assess stimulation patterns and neural targets.

Emerging targets such as dorsal foot ganglion and other stimulation methodologies such as burst stimulation are contributing to the renaissance of technological development in the neurostimulation devices landscape. However, in many cases, the loss of therapeutic effect in patients has restrained the adoption of neurostimulation devices. Habituation and tolerance to neuromodulation is found to be common in spinal cord stimulators (SCS). To overcome this limitation, healthcare companies are increasing R&D to study the effects of multiple electrophysiological and neurochemical mechanisms amongst patients. Companies are experimenting with programmed electrical parameters to increase the efficacy of SCSs.

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