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Nerve Locator Stimulator Market Analysis by Growth, segmentation, performance, Competitive Strategies and Forecast to 2027

Motor nerves are sending the impulses from brain and spinal cord to all muscles in body that activates motor functions like walking and moving fingers. The damage of motor nerves can affect the individual in difficulty in walking and doing other activities. Sensory nerves send impulses from muscles to brain and spinal cords. Nerve locator stimulators are used to locate the exposed motor and sensory nerves, and also reduce the probability of accidental nerve damage or severance conditions. Nerve locator stimulator devices usually used in orthopedic, neck, hand, facial, and neurosurgical procedures. Development of nerve locator stimulator devices mainly to satisfy the unmet needs of the market.

The problem pointing from the diagnostic center or hospital in using the device which is large size and focusing in only one issue instant of multi-use in treatment. According to the NINDS (National Institute of Neurological Disorders and Strike), it was estimated that about 20 million people in the U.S have nerve disorders. Hence, the demand for nerve locator stimulators is expected to grow over the forecast period. Companies developed novel nerve locator stimulator products that can stimulate both sensory and motor nerves. For instance in January 2017, Halyard Health, Inc., (HYH) launched a product called EZstim* III for peripheral nerve locator and stimulator. The EZstim* III is a hand-held device that act as nerve locator stimulator for both motor and sensory nerves.

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Nerve Locator Stimulator Market: Drivers and Restraints

Nerve locator stimulator is growing in exponential manner as the industries are working on the technology advancement for the products to make it more easily operated, with a considerable display having alphanumeric, less pain and provide accurate results in a short time. The market of nerve locator stimulator is also associated with the population of diabetes having peripheral neuropathy disorders. According to the report published in Journal of Foot and Ankle Research in June 2015  under BioMed Central, the study conducted that about 404 patients, 44% had peripheral neuropathy, and also according to the International Diabetes Federation the people with diabetes have risk of neuropathy is 25 times greater than the people without diabetes. This factors will motivate the industry players to come up with new advance technology. The high cost of the nerve locator stimulator will be the restraints along with the hurdles in the reimbursements process in the U.S insurance which prevents patients from receiving the rehabilitative.

Nerve Locator Stimulator Market: Overview

Nerve locator stimulator market have huge potential growth with high population of neurological disorders and growing aging population worldwide. According to WHO report, in May 2016, hundreds of millions of people in worldwide are affected by neurological disorders. It was estimated that 550 million people are suffering from epilepsy globally. Hence, companies are actively involved in innovating their product portfolio by launching novel devices into the market. For instance, Neuro-Pulse (Neuro-Pulse Nerve locators) is designed by Medline Industries, Inc. , is designed to assist surgeons in locating the  motor nerves during surgery, this also reduce the risk of damaging or serving them. Neuro-Pulse Nerve locators is portable in nature, operated through battery and that is used for head, neck, and other applications. The market is expected to grow due to improved technology, and increase in clinical trials are expected to have positive impact on the growth of the market. For instance, in December 2015, StimRelieve, LLC, which cover the study of wireless nerve stimulation in treatment of Chronic Migraine) to prove the devices efficacy in treating neurological disorders.

Nerve Locator Stimulator Market: Region-wise Outlook

Geographically, nerve locator stimulator market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, Middle East and Africa. North America will be the market for nerve locator stimulator as players are mostly located in the U.S (Checkpoint Surgical Inc., and Medline Industries, Inc.) many people in the U.S have nerve disorder, and the clinical trial are also going on as one of the trials completed by Huazhong University of Science and Technology, China as last updated in February 2017 under ClinicalTrials a service of the U.S and other region are also have the number of people suffering from neuro disorders.

Nerve Locator Stimulator Market:Key Players

Some of the players in nerve locator stimulator market are Bovie Medical Corporation, B. Braun,Checkpoint Surgical Inc., Stimwave LLC, and Vygon

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Last Updated: 13-Jan-2022