Global Nerve Stimulators Market 2020 Industry Key Players, Trends, Sales, Supply, Demand, Analysis & Forecast By 2027

Depp Gaikwad

Market Overview

Market Research Future (MRFR) anticipates that the Nerve Stimulators Market size can record a decent growth rate of 9.7% between 2017 and 2023 (assessment period). The nerve stimulators market size is also projected to touch USD 10,978.5 Million till 2023.

COVID-19 Analysis

The COVID-19 outbreak has left a debilitating impact on the healthcare sector as well as the medical device industry, given the temporary shutdown of manufacturing facilities and weakened demand. Even as the world is trying to curb the spread of SARS-CoV-2, top companies are striving to bolster their supply chains and accelerate their operations to control further losses. Also, the social distancing practice prevalent worldwide has encouraged patients to go for devices that can be used at home, which bolsters the need for various types of nerve stimulators. Healthcare professional are now offering consultation via video conferencing as well as phone calls, in view of the spread of the pandemic. This is more than likely to benefit the nerve stimulators market in the years to follow.

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Rising incidence of chronic health problems, technological improvements, increasing popularity of minimally invasive procedures, increasing geriatric population, and improvement in reimbursement policies are the key factors driving the nerve stimulators market.

However, the high cost of treatment and lack of skilled or trained physicians may hinder the growth of the market to an extent.

It is estimated that nerve stimulators market is expected to grow at a CAGR of 9.7% during the forecast period 2017-2023.

Major Key Players in Nerve Stimulator Market

Some of key the players in the market are Boston Scientific Corporation, Cochlear Ltd, Medtronic plc, St Jude Medical, Inc., Cyberonics, Inc., Aleva Neurotherapeutics SA, NeuroPace, Inc, and others.

Regional Analysis

The Americas dominate the nerve stimulators market owing to the rising prevalence of chronic diseases, a well-developed technology, high healthcare expenditure, and the presence of the leading players. According to a study published in Drug and Alcohol Dependence journal in 2017, more than 100 million adult Americans are living with chronic pain. Chronic low back pain and headaches are the most commonly diagnosed conditions. It is also stated that conditions are more prevalent in women than men i.e. 34.3% in women, and 26.7% in men in the U.S.

Europe holds the second position in the nerve stimulators market. It is expected that the support provided by the government bodies for research & development, along with a well-developed technology drives the market in the European region.

Asia Pacific region is projected to be the fastest growing region during the forecast period. Increasing need for cost-effective nerve stimulators, rapidly improving technology, and the presence of huge patient pool drive the growth of this market in Asia Pacific region.

The Middle East and Africa hold the least share in the market owing to the presence of poor and slow developing countries, especially, in the African region.

Segmentation

The global nerve stimulators market is segmented on the basis of type, application, and end-users.

On the basis of the type, the market is segmented into deep brain stimulator (DBS), vagus nerve stimulator (VNS), and spinal cord stimulator (SCS).

On the basis of the application, the market is classified as chronic pain, depression, dystonia, epilepsy, Parkinson's disease, and others.

On the basis of the end -users, the market is segmented into ambulatory surgical centers, hospital & clinics, and trauma centers.

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Depp Gaikwad

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Chronic Back Pain Market report published by Value Market Research, which studies the future outlook of the market.

It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the chronic back pain market include Johnson & Johnson Services Inc., Pfizer Inc., Sanofi, Endo Pharmaceuticals Inc., Merck & Co., Inc., Vertebral Technologies, Inc., Medtronic, Boston Scientific Corporation, Bio Wave Corporation, and Koninklijke Philips N.V.

This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Chronic Back Pain Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/chronic-back-pain-market/download-sampleMarket DynamicsThe market is mainly driven by the rising occurrence of nerve cases, and the growing old population is the significant driver behind the growth of the market.

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So, if you are suffering from pelvic pain treatment in New Jersey, this blog by Dr Deepti Mangla, a pain management specialist practising at Mainland Pain Management Clinic will help you. The potential causes of pelvic pain include full bladder, constipation/diarrhoea, blood/mucus in the stool, sexual pain, pregnancy, menstrual cramps, abnormal vaginal discharge, or trauma/injury in the pelvic area. Medical problems of the urinary, digestive, reproductive, or pelvic muscles, bones, ligaments, and nerves can cause pelvic pain. If there is unbearable pelvic pain or the symptoms of pelvic pain develop all of a sudden, one should seek expert pain management. The alarming signs or situations when your pelvic pain requires medical assistance include:Pelvic pain associated with fever and chills, loss of appetite, or weight lossPelvic pain lasting for more than 3 to 6 monthsPelvic pain associated with unusual vaginal discharge or abnormal bleedingBlood in the urine or stoolPelvic pain during pregnancyGetting diagnosed with cancer of any organ in the pelvic areaPelvic pain impacts daily lifePelvic pain progressively turning worsePelvic pain resulting from post-surgical complicationsHow can chronic pelvic pain be managed?

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