The Neurostimulators are used for neuromodulation, a process where an implantable medical device is used to regulate and alter neurological activities, aiming to assist therapeutics and treatment. These neurostimulation devices are used to deliver electrical signals intended to stimulate the patient's brain, peripheral nervous system, and spinal cord that helps in treating neurologic disorders. These stimulation techniques are particularly used for treating movement disorders, epilepsy, Parkinson's disease, chronic pain, and depression.
The global neurostimulation device market was valued at USD 55,223 million in 2019 and is expected to grow at a 12.9% CAGR during the forecast period.
𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧,𝐫𝐞𝐪𝐮𝐞𝐬𝐭 𝑭𝒓𝒆𝒆 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐇𝐞𝐫𝐞 ➦ https://straitsresearch.com/report/neurostimulation-devices-market/request-sample
Neurological disorders such as Alzheimer's disease, Parkinson's disease, epilepsy, and cerebrovascular diseases are severe diseases that can affect the central nervous system (CNS) and peripheral nervous system (PNS) of the human body. However, these neurological disorders can be managed through the latest neurostimulation techniques. Thus, the growing awareness amongst patients regarding the same is fueling the global market.
Additionally, these techniques are minimally invasive that promotes greater adoption amongst patients and neurologists. Further, the word experiences a surge in the geriatric population who are more inclined to suffer from neurological disorders, such as epilepsy, Parkinson's disease, Alzheimer's disease, and chronic pain. Thus, factors cumulatively generate a greater demand in the market.
Thus, to meet the growing demand within the global neurostimulation market, there have been increasing investments in R&D coupled with external funding for the development of advanced products and technologies such as implantable neurostimulation devices, which is expected to boost the market growth. Moreover, the rising demand for such therapeutic procedures can also be attributed to shorter hospital stays and faster recovery, which promotes patients' bias, thus expected to offer new growth opportunities for the market.
Key Players
- Medtronic Plc (Ireland)
- Boston Scientific Corporation (U.S.)
- Abbott (U.S.)
- LivaNova (U.K.)
- Synapse Biomedical (U.S.)
- Nevro Corporation (U.S.)
- NeuroSigma (U.S.)
- NeuroPace (U.S.)
- BioControl Medical (Israel)
- Integer Holdings Corporation (U.S.)
- Bioinduction (U.K.)
- GiMer Medical (Taiwan)
- GTX Medical (The Netherlands)
- BlueWind (Israel)
By Region
- America
- Europe
- Asia-Pacific
- The Middle East and Africa
- Central and South America and the Caribbean
The Global Ultrasound Device Market was worth USD 6.9 billion in 2015.
Chief market drivers are increasing incidences of chronic and hypertension related disorders.Ultrasound technology is used to treat prostate cancer and kidney stones.
It is the most preferred mode of fetal screening across the globe.
Trials are underway to find novel applications like detecting breast fibroadenoma and uterine fibroids.
This coupled with escalating public-private investments would create opportunities for ultrasound devices.The market is segmented as per products, portability, and regions.
They accounted for the largest market share in 2015 due to a variety of applications in radiology, obstetrics, and oncology.
The worldwide discrete capacitors market developed at a CAGR of around 4% during 2014-2019.
Looking forward, the distributor expects the worldwide discrete capacitors market to show moderate development during the following five years.
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A portion of the ordinarily utilized discrete capacitors incorporate low-misfortune gadgets with high capacitance strength; medium-misfortune gadgets that are utilized for coupling, decoupling, impedance concealment, and influence division; and electrolytic gadgets with significant level capacitance and moderately more modest sizes.
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Therefore, these capacitors discover broad applications across a few businesses, like auto, clinical, broadcast communications, aviation, and guard.
