Global Internal Neuromodulation Devices Market was valued at XX million USD in 2019 and is expected to reach XX million USD by 2027, at a CAGR of XX% during the forecast period.
Neuromodulation devices are among the fastest-growing areas of medicine, involving many diverse specialists and impacting hundreds of thousands of patients with numerous disorders worldwide. Neuromodulation devices have played an increasing role in the treatment algorithm for patients with chronic pain. These devices are strategically aiming to reduce the unpleasant sensory experience of pain and consequent functional and behavioral effects that pain may have.
In Global Internal Neuromodulation Devices Market segmentation by product type, application, end-user, and region, the report covers major key players are Medtronic plc, LivaNova PLC, Cyberonics, Inc., St. Jude Medical Inc., Boston Scientific Corporation, EnteroMedics Inc, BioControl Medical, Bioness Inc., Nevro Corporation, and NeuroPace Inc.
The research report on the Global Internal Neuromodulation Devices market is a compilation of intelligent, broad studies research with a detail annual study of key players and stakeholders. It gives precise and reliable suggestions for players to better address challenges inside the global internal neuromodulation devices market. The report comes out as a powerful resource providing up to date and verified information and records on numerous aspects of the global internal neuromodulation devices market. The report has been compiled through giant primary studies (through interviews, surveys, and observations of pro analysts) and secondary research. The report also features a whole qualitative and quantitative assessment by way of analyzing facts from industry analysts and market participants across key points.
Global Internal Neuromodulation Devices Market Dynamics
The treatment with neuromodulation devices delivered the facilities that can offer comprehensive assessments and a range of additional physical and psychological pain management options, which help to cure patients in an effective way. Ongoing research & development in the healthcare sector especially in neuromodulation devices and high healthcare awareness helps to drive the global market during forecast period. The global internal neuromodulation devices market is expected to expand due to growing safety awareness and efficacy of these devices. On the other hand, increasing neurological disorders prevalence and increasing number of clinical trials, globally, for the progress of innovative technologies are helping to boost the global market growth during forecast period.
Global Internal Neuromodulation Devices Market - Segmentation
Global Internal Neuromodulation Devices Market– by Product Type
• Deep brain stimulators
• Sacral nerve stimulators
• Vagus nerve stimulators
• Spinal cord stimulators
• Other internal neuromodulation devices
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Spinal cord stimulation (SCS) is dominating the segment, as it is minimally invasive, safe, and a reversible treatment modality with limited side effect profile.
The current prevalence of patients with chronic pain requiring treatment other than conventional medical management has significantly increased and so has been the need for Spinal Cord Stimulator.
A spinal Cord Stimulator is an essential device of the treatment algorithm for patients suffering from neuropathic pain. Spinal Cord Stimulator is a reversible, minimally invasive approach to treat pain that has goals of reducing, suffering, improving function, reducing health care utilization, reducing opioid use, and improving quality of life. SCS is an efficacious, cost-effective option that should be used much earlier in the treatment continuum in many disease states, including lumbar and cervical radiculopathy, failed back surgery syndrome, peripheral neuropathy, ischemic pain, and complex regional pain syndrome.
SCS has shown that it is the best product to improve blood flow, improve tissue oxygenation, and enhanced wound healing. Hence it is used in patients who have either severe ischemic pain or mixed pain of both ischemic and neuropathic origin.
Global Internal Neuromodulation Devices Market – by Application
• Failed back syndrome
• Tremors
• Epilepsy
• Chronic pain management
• Parkinson’s disease
• Depression
• Urinary and fecal incontinence
• Gastroparesis
• Migraine
• Obsessive-compulsive disorder
• Others
Parkinson’s disease held the largest share of the global internal neuromodulation devices market during forecast period 2019-2027.
Neuromodulation devices used to help patients with Parkinson's disease symptoms. People with Parkinson’s who do not respond well to medications, use deep brain stimulator a neuromodulator device, which help in mostly all surgical procedure that stimulates the brain in a way that helps stop many of the movement-related symptoms of Parkinson's, such as tremor, slowness of movement, and rigidity. Neuromodulation devices include physical, occupational, and speech therapies, which help with gait and voice disorders, tremors and rigidity, and decline in mental functions. The internal neuromodulation devices also help to strengthen muscles and improve balance. As a result, Parkinson’s disease segment is expected to command the largest market share of XX% by 2027.
Global Internal Neuromodulation Devices Market – by End User
• Hospitals
• Clinics
• Home healthcare
Introduction of basic general medical training program and establishment of dispensaries at sub-division and district level at the hospital, drive hospital segment during the forecast period. Availability of health service to all citizens, irrespective of their ability to pay for it and it should be complete medical service, in which all the facilities required for the treatment and prevention of disease as well as for the promotion of positive health care provided. Governments across the globe have the main focus on higher education, research, and national health programs, for example, family welfare, primary health care, and prevention, control, and eradication of major diseases which form the main plank of development efforts in Global Internal Neuromodulation Devices Market. The Department of Health has made strategic interventions to ensure more vigorous implementation and to improve the effectiveness of different global Health Programmes aimed at combating communicable and non-communicable diseases. Global government hospitals to raise the quality of their services, introduce transparency and accountability, and provide services with courtesy and efficiency to the patient. Hence this all factors are expected to command the largest market share of XX% from 2019 to 2027.
Global Internal Neuromodulation Devices Market – by Region
• North America
• Europe
• Asia-Pacific
• MEA & Africa
• Latin America
Europe is expected to command largest global internal neuromodulation devices market share of XX% with USD XX Mn growth in the forecast period of 2019 to 2027.
Public and private organizations from Europe are taking initiatives to increase awareness of growing neurological disorders and the growth of the mental health market
The use of internal neuromodulation devices with recent technological innovations drive the global market from North America. The rise in the number of patients with neurological disorders and problems occurring due to accidents, trauma, hypertension, and hectic lifestyle is anticipated to drive the global internal neuromodulation devices market in this region. Preference for minimally invasive procedures like deep brain stimulators, spinal cord simulators by doctors & professionals is helping to grow the global market from Europe.
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Global Internal Neuromodulation Devices Market , by Product Type
• Deep brain stimulators
• Sacral nerve stimulators
• Vagus nerve stimulators
• Spinal cord stimulators
• Other internal neuromodulation devices
Global Internal Neuromodulation Devices Market , by Application
• Failed back syndrome
• Tremors
• Epilepsy
• Chronic pain management
• Parkinson’s disease
• Depression
• Urinary and fecal incontinence
• Gastroparesis
• Migraine
• Obsessive-compulsive disorder
• Others
Global Internal Neuromodulation Devices Market, by End User
• Hospitals
• Clinics
• Home healthcare
Global Internal Neuromodulation Devices Market, by Region
• North America
• Europe
• Asia-Pacific
• MEA & Africa
• Latin America
Key Players Operating in Global Internal Neuromodulation Devices Market
• Medtronic plc
• LivaNova PLC
• Cyberonics Inc.
• St. Jude Medical Inc.
• Boston Scientific Corporation
• EnteroMedics Inc
• BioControl Medical
• Bioness Inc.
• Nevro Corporation
• NeuroPace Inc.
• Abbott
• Synapse Biomedical
• Neurosigma
• Neuronetics
• Soterix Medical
• Integer Holdings Corporation
• Bioinduction
• GiMer Medical
• GTX Medical
• Helius Medical Technologies
• Micro transponder
• Neuronano
• Bluewind
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