Article -> Article Details
| Title | Neurostimulation Device Market Get a New Boost till 2030 |
|---|---|
| Category | Business --> Healthcare |
| Meta Keywords | Neurostimulation Device |
| Owner | Eric |
| Description | |
| Astute Analytica provides an in-depth analysis of the major Global Neurostimulation Device Market together with information on their business plans and company profiles. It enables the report’s purchaser to comprehend the competitive landscape and create market strategies accordingly. The study analyzes pricing, gross revenue, share, and company profiles in an isolated segment with the top important players. The Global Neurostimulation Device Market size will grow from US$ 7,622.7 Million in 2021 to US$ 17,367 Million by 2030. The Global Neurostimulation Device Market will record a tremendous compound annual growth rate (CAGR of 9.7% during the study period, i.e., 2022-2030. The study examines the size of the Global Neurostimulation Device Market as of today and forecasts its growth rates for the next five years. It also includes many kinds of segmentation, including geographic segmentation (North America, Europe, Asia-Pacific, etc.). Detailed market segment information aids in performance monitoring and crucial decision-making for expansion and profitability. The market is majorly driven by factors such as increasing incidence of neurological disorders and rising investment in neurological R&D. Neurostimulation involves the purposeful modulation of the nervous system’s activity using invasive (e.g., microelectrodes) or non-invasive means (e.g., transcranial magnetic). Neurostimulation devices treat the nervous system directly with implantable or wearable devices that rebalance neural circuitry with pulses of electrical currents. Further, Neurostimulation devices can improve the quality of life of those who are severely paralyzed or suffering from profound losses to various sense organs, as well as for permanent reduction of severe, chronic pain which otherwise requires high-dose opioid therapy. Request Sample Copy of Research Report @ https://www.astuteanalytica.com/request-sample/neurostimulation-device-market Segmental Analysis: The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the global Neurostimulation Device Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market’s overall size. Customization of the Report: This report can be customized to meet the client’s requirements. Please connect with our sales team (sales@astuteanalytica.com), who will ensure that you get a report that suits your needs. You can also get in touch with our executives on +18884296757 to share your research requirements. Market Dynamics Drivers: Neurological disorders are diseases of the central and peripheral nervous system. In other words, the brain, spinal cord, cranial nerves, peripheral nerves, nerve roots, autonomic nervous system, neuromuscular junction, and muscles. These disorders include epilepsy, Alzheimer disease and other dementias, cerebrovascular diseases including stroke, migraine and other headache disorders, multiple sclerosis, Parkinson’s disease, neuroinfectious, brain tumors, traumatic disorders of the nervous system due to head trauma, and neurological disorders as a result of malnutrition. Neurological disorders pose a large burden on worldwide health. Hundreds of millions of people worldwide are affected by neurological disorders. According to WHO (World Health Organization), more than 6 million people die because of stroke each year; over 80% of these deaths take place in low- and middle-income countries. More than 50 million people have epilepsy worldwide. It is estimated that globally there are 47.5 million people with dementia with 7.7 million new cases every year – Alzheimer’s disease is the most common cause of dementia and may contribute to 60–70% of cases. The prevalence of migraine is more than 10% worldwide. With awareness of the massive burden associated with neurological disorders came the recognition that neurological services and devices were disproportionately scarce, especially in low income and developing countries. This led to rising investments by various governments in neurological R&D. Furthermore, the adoption of emerging technologies, such as silicon micro-fabrication and wireless energy transfer is creating an opportunity for market expansion. Request Sample Copy of Research Report @ https://www.astuteanalytica.com/request-sample/neurostimulation-device-market Restraints: The high cost of neurostimulation procedures and equipment is restraining the market growth. The high cost of these devices may lead to disproportionate application in geographical regions with different financial resources. Segmental Analysis: Type Insights: Based on device type, the market is divided into implantable and external devices. Among these, the implantable device segment holds the highest share in the Global Neurostimulation Device Market in 2021 and further registers the highest CAGR during the forecast period. Growing cases of depression, anxiety, and neurological disorders along with the new and improved innovations in implantable devices is fueling market growth. Further, within implantable devices type, the spinal cord stimulation device holds the highest market share in 2021. Application Insights: In terms of application, the neurostimulation device market is segmented into pain management, hearing loss, urinary incontinence, Parkinson’s disease, epilepsy, gastroparesis, depression, and others. The pain management segment has the highest market share in 2021 and is projected to continue its dominance over the forecast period. These devices provide pain reliefs for patients who have been exhausted using conservative measures—including physical therapy, neuropathic pain medications, and adjuvant medications. End Users Insights: Based on end-users, the market is segmented into hospitals/clinics, cognitive care centers, research Institutes, and others. The hospitals/clinics segment holds the highest share in the Global Neurostimulation Device Market in 2021. With the growing aging population and subsequent rise in the chronic diseases such as Parkinson’s, Alzheimer’s etc., an increase is expected in the number of patients requiring treatments for the above diseases. However, the research institutes segment holds the highest growth rate over the projection period. This is due to growing research and development activities in the medical sector and increasing government funding for better treatment of neurological disorders. Request Sample Copy of Research Report @ https://www.astuteanalytica.com/request-sample/neurostimulation-device-market Regional Insights North America dominates the Global Neurostimulation Device Market in 2021. According to Global Burden of Disease study – stroke, dementias, and migraine cause the most disability among neurological disorders in the United States. However, the Asia Pacific region records the highest CAGR over the projection owing to rising cases of depression and dementia in South Asian countries like Japan, South Korea, and China. Furthermore, rising disposable income in APAC countries has increased the healthcare expenditure of individuals, which again is expected to propel market growth over the forecast period. Competitive Insights:
Directly Purchase a copy of report with TOC @ https://www.astuteanalytica.com/request-sample/neurostimulation-device-market Segmentation Overview The following are the various segments of the Global Neurostimulation Device Market:
About Astute Analytica Astute Analytica is a global analytics and advisory company which has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in depth and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the Globe. They are able to make well calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising of business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of best cost-effective, value-added package from us, should you decide to engage with us. Get in touch with us: Phone number: +18884296757 Email: sales@astuteanalytica.com Visit our website: https://www.astuteanalytica.com/ | |