The Infinium Global Research analyzes the Neurostimulation Devices Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global neurostimulation devices market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of neurostimulation devices. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the neurostimulation devices market during the period. The global neurostimulation devices market is projected to grow at a CAGR of 10.9% over the forecast period of 2019-2025.
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Rising Number of Geriatric Population is Another Major Factor Contributing to the Growth of the Market
Increasing cases of Parkinson’s disease, epilepsy and depression, and other neurological disorders globally is the major factor fuelling the growth of the market. According to WHO neurological disorders constitute 6.3% of the global burden of disease thus indicates the high demand for Neurostimulation devices in the forecast period. Moreover, the rising number of geriatric population is another major factor contributing to the growth of the market.
According to WHO Between 2015 and 2050, the proportion of the world's population over 60 years will nearly double from 12% to 22%. By 2020, the number of people aged 60 years and older will outnumber children younger than 5 years. On the other hand, high costs associated with devices and a lack of trained experts can hamper the growth of the market. However, rising research and development activities and increasing awareness about the advanced pain management systems will provide ample opportunities to the market.
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North America Dominates the Market and Anticipated to Keep Its Dominance in the Forecast Period
Geographically, global neurostimulation devices market segmented by North America, Europe, Asia-Pacific, and RoW. North America dominates the market and anticipated to keep its dominance in the forecast period, followed by Europe. Large patient pool suffering from neurological disorders, advanced healthcare facilities and increasing funding for research and development are and availability of reimbursement policies are supporting the growth of the market in these regions. The market in Asia-Pacific is expected to grow with a steady rate, high cost of the treatment and unsupportive reimbursement policies causing the slow growth of the market.
Neurostimulation Devices Market: Segmentation
The report on the global neurostimulation devices market covers segments such as product, application, and end user. On the basis of product, the sub-markets include spinal cord stimulation devices, deep brain stimulation devices, vagus nerve stimulation devices, sacral nerve stimulation devices, gastric electric stimulation devices, and other devices. On the basis of application, the sub-markets include parkinson's disease, epilepsy, chronic pain management, alzheimer’s, ischemia, and other applications. On the basis of end user, the sub-markets include hospitals, scientific research laboratories, and other end users.
Neurostimulation Devices Market: Competitive Landscape
The report provides profiles of the companies in the market such as Boston Scientific Corporation, Medtronic, Inc., Nevro Corporation, Neurosigma, Inc., Neuropace, Inc., St. Jude Medical Inc., Aleva Neurotherapeutics SA, Synapse Biomedical, Inc., Neuronetics, Inc., Cyberonics, Inc., and Other companies.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the neurostimulation devices.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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