According to a new market report published by Persistence Market Research “Global Market Study on Neurostimulation Devices – Deep Brain Stimulation Devices to Witness Highest Growth by 2020,” the global neurostimulation devices market was valued at US$ 5,088.9 Mn in 2014 and is expected to grow at a CAGR of 12.7% from 2014 to 2020, to reach US$ 10,445.7 Mn by 2020.
According to a new market report published by Persistence Market Research “Global Market Study on Neurostimulation Devices – Deep Brain Stimulation Devices to Witness Highest Growth by 2020,” the global neurostimulation devices market was valued at US$ 5,088.9 Mn in 2014 and is expected to grow at a CAGR of 12.7% from 2014 to 2020, to reach US$ 10,445.7 Mn by 2020. Neurostimulation technology involves the use of microelectrodes to activate elements of the nervous system.
It involves the use of a neurostimulation device – a battery-powered stopwatch-sized device – which is surgically implanted in the brain and delivers electric signals at scheduled time intervals to the nervous system. These electric signals develop tingling sensations (paresthesia) in the damaged nerve and helps chronic pain and neurological disorders.
Request for a Sample Here @ https://www.persistencemarketresearch.com/samples/2824
Moreover, rising awareness about various neurological diseases, growing geriatric population, and increasing investments in research and development of innovative neurostimulation devices are also driving the market.
However, availability of alternative treatment therapies for neurological diseases and side-effects of neurostimulation therapy inhibit the growth of the market. The global neurostimulation devices market is anticipated to grow from an estimated US$ 5,088.9 Mn in 2014 to US$ 10,445.7 Mn by 2020 at a CAGR of 12.7% during the forecast period.
In chronic pain conditions, these electric signals block the pain messages from the damaged nerve from reaching the brain. These devices are gaining importance in the management of chronic conditions such neuropathic pain, nociceptive pain, Parkinson’s disease, epilepsy, and depression.
Neuropathic pain occurs due to nerve damage, while nociceptive pain arises from diseases such as diabetes, cancer, and arthritis. These devices are mostly used in cases where systemic drug therapies are not effective. The global neurostimulation devices market is witnessing significant growth due to increasing prevalence of chronic pain and rising incidences of neurological diseases.
Request for Customization Here @ https://www.persistencemarketresearch.com/request-customization/2824
In North America, the neurostimulation devices market is growing due to increasing incidence of neurological diseases such as Alzheimer and Parkinson’s disease. Moreover, initiatives taken by various government and private associations for increasing awareness about various chronic pain and neurological disorders and rising investments in the research and development of novel neurostimulation devices in North America is driving the market in the region.
The neurostimulation devices market in Europe is growing due to initiatives taken by various governments to improve healthcare facilities in the region. Furthermore, increasing incidences of chronic pain and neurological diseases and growing aging population are also boosting the growth of the Europe neurostimulation devices market.
According to WHO, every year, neurological disorders affect one-third of the population in Europe, and approximately 1% to 2% of the population is diagnosed with psychotic disorders.
According to the NHS England – a government organization primarily involved in the improvement of healthcare services in England – approximately 8 million people suffered from chronic pain in the U.K. in 2010, and the number reached 14 million in 2012.
Asia Pacific represents the fastest-growing region in the neurostimulation devices market. This is primarily due to growing aging population in various countries such as India and China. According to the National Institutes of Health (NIH) – an organization involved in biomedical and health related research activities – approximately 110 million people in China were aged 65 years and above in 2011 and the number is expected to reach 330 million by 2050.
For In-Depth Competitive Analysis, Buy now @ https://www.persistencemarketresearch.com/checkout/2824
In India, approximately 60 million people were aged 65 years and above in 2011 and the number is expected to reach 227 million by 2050. Some of the major players in the neurostimulation devices market:
- Medtronic plc, St. Jude Medical, Inc.
- Boston Scientific Corporation.
- Cyberonics, Inc.
- Cochlear, Ltd.
- NDI Medical, LLC.
- NeuroPace, Inc.
- MED-EL.
- NeuroSigma, Inc.
- Other
More about the Life Sciences & Transformational Health –
Unprecedented access to a world of information has given rise to the empowered, albeit distrustful, consumer. So is the case with healthcare, where the patient has been rendered more informed and conscientious thanks to the extraordinary penetration of the Internet. The discerning patient now demands more affordable, sophisticated, transparent, and personalized healthcare services, creating the need for new models for care.
The advent of health information technology (HIT) components such as electronic health records (EHR), hospital information systems (HIS), picture archiving and communication systems (PACS), and vendor-neutral archives (VNA) has had just as transformational an impact on the overall healthcare sector as the concerns regarding security and privacy. Data theft, undue access to personal health records, and cyber-attacks are very real threats that the healthcare sector faces today.
Get Similar Articles
Pressure Relief Devices Market -
Pressure Relief Devices Market Segmented By High-tech Pressure Relief Devices, Low-tech Pressure Relief Devices in Air Fluidized Beds, Kinetic Beds, Foam-Based Mattress, Gel-based Mattress, Fiber-filled Mattress, Air-filled Mattress, Mattress Overlays, Fluid-filled Mattress For More Information
Cardiopulmonary Autotransfusion Devices Market -
Cardiopulmonary Autotransfusion Devices Market segmentation by key players - cardiopulmonary autotransfusion market are Fresenius Kabi, Haemonetics, LivaNova, Medtronic, Terumo Corporation, Stryker and Atrium Medical For More Inforamtion
About us:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.
Contact us:
305 Broadway, 7th Floor
New York City, NY 10007
United States
Ph.no. +1-646-568-7751
E-mail id– sales@persistencemarketresearch.com
Website: https://www.persistencemarketresearch.com
