Insights Into The Global Neurostimulation Devices Market 2022-2031 Forecast Period
The Business Research Company’s Neurostimulation Devices Global Market Report 2022: Market Size, Trends, And Forecast To 2026
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As per The Business Research Company's "Neurostimulation Devices Global Market Report 2022”, the neurostimulation devices market grew from $5.07 billion in 2021 to $5.7 billion in 2022 at a compound annual growth rate (CAGR) of 12.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The neurostimulation device market is expected to grow to $8.08 billion in 2026 at a CAGR of 9.1%. The rising geriatric population across the globe is driving the neurostimulation devices market growth.
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Key Trends In The Neurostimulation Devices Market
Minimally invasive treatments are being developed for the treatment of various neurological disorders. The neurostimulation devices are being innovated in a way to cause minimum invasion during neurological treatments.
Overview Of The Neurostimulation Devices Market
The neurostimulation devices market consists of sales of surgically or externally placed neurostimulators and related services. The neurostimulation devices are designed to deliver electrical stimulation to specific parts of the patient's brain, spinal cord, or peripheral nervous system for the treatment of various conditions such as chronic pain, movement disorders, epilepsy, and Parkinson's disease.
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Neurostimulation Devices Global Market Report 2022 from TBRC covers the following information:
Market Size Data
• Forecast period: Historical and Future
• By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• By countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Market Segmentation
• By Product: Implantable Devices, External Devices
• By Application: Pain Management, Epilepsy, Essential Tremor, Urinary and Fecal Incontinence, Depression, Dystonia, Gastroparesis, Parkinson's Disease
• By End User: Hospitals, Rehabilitation Centers, Medical Clinic
• By Implantable Devices: Cochlear Implants, Deep Brain Stimulation, Spinal Cord Stimulation, Vagus Nerve Stimulation, Sacral Nerve Stimulation, Gastric Electric Stimulation 5) By External Devices: Transcranial Magnetic Stimulation (TMS), Transcutaneous Electrical Nerve Stimulation (TENS)
• By Geography: The global neurostimulation devices market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America holds the largest share in the market.
Major market players such as Medtronic, Cyberonics, Boston Scientific Corporation, St. Jude Medical, Nevro Corporation, Neuronetics Inc, NeuroPace Inc, NeuroSigma Inc, Cochlear Ltd, and NDI Medical.
Trends, opportunities, strategies and so much more.
Neurostimulation Devices Global Market Report 2022 is one of The Business Research Company’s comprehensive reports that provides an overview of neurostimulation devices global market. The market report analyzes neurostimulation devices global market size, neurostimulation devices global market growth drivers, neurostimulation devices global market segments, neurostimulation devices global market major players, neurostimulation devices global market growth across geographies, neurostimulation devices global market trends and neurostimulation devices market competitors’ revenues and market positioning. The neurostimulation devices market research report enables you to gain insights on opportunities and strategies, as well as identify countries and segments with the highest growth potential.
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