June 11, 2021
According to the research report titled ‘Neuromodulation Devices Market Insights, Competitive Landscape and Market Forecast-2026’, available with Market Study Report, global neuromodulation devices market is likely to generate substantial revenues throughout the forecast period 2018-2026.
Rising cognizance regarding neuromodulation and increasing pervasiveness of neurological disorders are the key factors propelling global neuromodulation devices market growth. Rise in elderly population which are more susceptible to nervous-system related ailments is further enhancing the overall market outlook.
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Neuromodulation devices can be used to stimulate specific neurological sites by applying chemical or electrical agents in the body. They are used to help people with chronic pain, fecal and urine incontinence, and other psychosocial disorders.
Lack of healthcare experts in the field of neurology and hefty cost of medical devices are posing a threat to worldwide neuromodulation devices industry expansion.
The report extensively analyzes all the key drivers, constraints, and unmet medical needs to identify the lucrative prospects and analyze the market's underlying potential. By understanding the trends shaping the industry dynamics, the study gives the reader an advantage when establishing business plans. It also hosts a detailed account of the industry segments.
As per the product landscape, the market is split into transcutaneous and implantable. The application reach of the market comprises migraine, epilepsy, tremor, depression, Parkinson’s, chronic pain, and ischemia.
Considering the geographical ambit, the industry is segmented into Japan, the United Kingdom, Spain, France, Germany, Italy, and the United States.
Coming to the competitive dashboard, Soterix Medical Inc., DynaMD, Accellent Technologies Inc., Cyberonics Inc., Neuronetics Inc., NeuroSigma Inc., Synapse Biomedical Inc., NeuroPace Inc., Nevro Corporation, EnteroMedics Inc., Bioness Inc., Aleva Neurotherapeutics SA, Boston Scientific Corporation, LivaNova plc, and St. Jude Medical Inc. are the major players in global neuromodulation devices market sphere.
The business intelligence report evaluates these behemoths based on their product portfolios/services, financial factors, mergers and acquisitions, and other R&D activities. It also discusses the winning tactics adopted by top firms for maintaining an upward growth trajectory in this market.