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Neuromodulation Devices Market Report Analysis And Market Insights For Highly Profitable Investment Decision: Industry Outlook By 2021-2028

The primary sources employed while crafting Neuromodulation Devices Marketing report include the industry experts from the  industry comprising the management corporation, processing organizations, analytical service suppliers of the industry’s value chain. This market research report sheds light on each region, market size in terms of (USD Mn) for every individual segment and their sub-segment for the period from 2021 to 2028, considering the macro and micro situation factors. Global Neuromodulation Devices Market report covers a market overview and the growth prospects of the market. The current environment of the industry and the key trends shaping the market are presented in the report.

Moreover, the Neuromodulation Devices Market analysis document is structured with different graphical representations like graphs, charts, figures, and diagrams with the specific arrangement of vital outlines, strategic diagrams, and illustrative figures based on reliable information to depict a correct picture of value judgment and income graphs. The readers can gain deep insights into this market that can enable them to formulate and develop critical strategies for the further expansion of their businesses. They have been created to help players move in the right direction during their journey to achieve success in the market.

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Global neuromodulation devices market is set witness a substantial CAGR in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. Rising cases of neurological disorders and miniaturization of devices are the factor for the market growth.

Neuromodulation Devices Market is expected to witness a substantial CAGR in the forecast period of 2019 to 2026 due to the rapidly increasing approval rate of neuro stimulators is acting as a major growth driver for the market. Furthermore, the technological advancement in neuromodulation devices will create lucrative opportunities for the growth of the neuromodulation devices market.

According to Data Bridge Market Research the market for neuromodulation devices is accelerating because of the increasing aging population. Also the rising number of clinical trial across the world and growing awareness regarding increasing occurrences of neurological disorders and mental health are also helping the market to grow. However, the investment cost and lack of skilled and trained professional will restrict the neuromodulation devices market growth.

Now the question is which are the other regions that neuromodulation devices market is targeting? Data Bridge Market Research has estimated large growth in Asia-Pacific owing to the emerging economies such as China and India in the region.

Market Key Competitors:

  • Medtronic
  • Boston Scientific Corporation
  • Nevro Corp
  • NeuroSigma, Inc.
  • NeuroPace, Inc.
  • Abbott
  • Soterix Medical Inc.
  • Synapse Biomedical Inc.
  • ReShape Lifesciences, Inc.
  • Bioness Inc.
  • Aleva Neurotherapeutics SA
  • LivaNova PLC
  • Neuronetics
  • Cyberonics, Inc.
  • Neuromod
  • Axonics Modulation Tech
  • The Magstim Company Limited
  • Sooma Oy
  • CVRx
  • Helius Medical Technologies
  • WISE Srl

Neuromodulation is a prolific technology that uses electricity or chemical agents in the body to stimulate specific neurological sites or alter nerve activity. They are widely used for the treatment of condition such as epilepsy, Parkinson disease, dystonia and other. Mostly neuromodulation devices use electrical stimulation. These devices are widely used in application such as spinal cord stimulation, vagus nerve stimulation, gastric electrical stimulation, transcutaneous electric nerve stimulation among others.

Market Drivers

  • Technological advancement in neuromodulation devices will drive the market growth
  • Increasing number of clinical trial worldwide also acts as a market driver
  • Rising aging population is another factor boosting the market growth
  • Increasing approval rate of neurostimulators will also contribute as a factor for this market growth

Market Restraints

  • Lack of skilled and trained professional will restrict the growth of this market in the forecast period
  • High investment cost will also hamper the market growth
  • Unfavorable repayment policies will also impede the growth of this market

Global Neuromodulation Devices Market Scope

Neuromodulation devices market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

  • All country based analysis of neuromodulation devices market is further analyzed based on maximum granularity into further segmentation. Based on product type, the neuromodulation devices market is segmented into internal neuromodulation and external neuromodulation. Based on end user, the neuromodulation devices market is segmented into hospitals, clinics, home healthcare and others. On the application, the neuromodulation devices market is segmented into spinal cord stimulation, deep brain stimulationsacral nerve stimulation, vagus nerve stimulation, gastric electrical stimulation, transcutaneous electrical nerve stimulation, repetitive transcranial magnetic stimulation and respiratory electrical stimulation. On the basis of biomaterial, the neuromodulation devices market is segmented into metallic biomaterials, polymeric biomaterials and ceramic biomaterials.

Market Segmentation:

By Product Type

  • Internal Neuromodulation
  • External Neuromodulation

By End- User

  • Hospitals
  • Clinics
  • Home Healthcare
  • Others

By Application

  • Spinal Cord Stimulation
    • Chronic Pain Management
    • Failed Back Syndrome (FBSS)
    • Ischemia
  • Deep Brain Stimulation
    • Parkinson’s Disease
    • Tremor
    • Depression
    • Others
  • Sacral Nerve Stimulation
    • Urine Incontinence
    • Fecal Incontinence
  • Vagus Nerve Stimulation
    • Epilepsy
    • Others
  • Gastric Electrical Stimulation
    • Gastroparesis
    • Obesity
  • Transcutaneous Electrical Nerve Stimulation
    • Treatment-Resistant Depression
    • Other
  • Repetitive Transcranial Magnetic Stimulation
    • Depression
    • Migraine Headache
  • Respiratory Electrical Stimulation
    • Spinal Cord Injury
    • Other

By Biomaterial

  • Metallic Biomaterials
  • Polymeric Biomaterials
  • Ceramic Biomaterials

By Region

North America (United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Access Control Industry Insights
5.1 Industry segmentation
5.2 Industry landscape
5.3 Vendor matrix
5.4 Technological and innovation landscape
6. Access Control Market, By Region
6.1 North America
6.2 Market & Forecast
6.3 Volume & Forecast
6.4 Western Europe
6.5 Japan
6.6 China
6.7 Other Countries
7. Method / Technology
7.1 Traditional Microbiology
7.2 Market & Forecast
7.3 Volume & Forecast
7.4 Molecular Diagnostics
7.5 Immunodiagnostics
8.Company Profile
8.1 Business Overview
8.2 Financial Data
8.3 Product Landscape
8.4 Strategic Outlook
8.5 SWOT Analysis

A portion of the Major Highlights of TOC covers:

  • Methodology and Scope
  • Executive Summary
  • Access Control Industry Insights
  • Access Control Market, By Region
  • Company Profile

Thanks for reading this article, you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

Key Offerings:

-Market Size & Forecast by Revenue | 2021−2028

-Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities

-Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography

-Competitive Landscape – Top key vendors and other prominent vendorsInquire

Key Developments in the Market:

  • In October 2018, Heraeus Medical Components announced the acquisition of Evergreen Medical Technologies. This acquisition will help the company so they can provide different neuromodulation solutions to its medical device customers. With this acquisition, they can enhance their supply chain and provide cost effective solution to market
  • In July 2016, Boston Scientific announced the acquisition Cosman Medical so they can enhance their neuromodulation portfolio. This will help the company to provide better treatment for the chronic diseases and also provide access to the Cosman’s radiofrequency ablation systems which is specially designed for neurosurgery and pain management. This will expand the Boston portfolio and will strengthen their market position

Competitive Analysis:

Global neuromodulation devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of neuromodulation devices market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Research Methodology: Global Neuromodulation Devices Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

Reasons to Purchase this Report

  • Current and future of global neuromodulation devices market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

  • All segmentation provided above in this report is represented at country level
  • All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

Reason to Buy:

  • Highlights key business priorities to assist companies to realign their business strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market and those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest concerning products, segmentation, and industry verticals.

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Last Updated: 27-Jul-2021