ALL >> Health >> View Article
Neurostimulation Devices Market Is Expected To Grow Cagr Of 14.2% Till 2020
Total Articles: 79
A recent study by Hexa Research revealed that limited range of treatment choices relating to medical conditions like epilepsy, Alzheimer’s disease, Parkinson’s disease, migraine headaches, etc. is one of the key drivers of the global Neurostimulation Devices Market. An upcoming application area is the use of neurostimulation devices for therapeutic purposes, commonly referred to as neuromodulation. The neurostimulation devices market is benefitting from technological advancements like the transdermal neuromodulation technology by Neurowave Medical Technologies and MRI safety-enabled devices by Medtronics, Inc. Rising elderly populace - a high risk demographic for Parkinson’s and Alzheimer’s, is also driving market growth. Accelerated demand for neurostimulation devices in the future years is expected to result from untapped market opportunities in emerging economies of Asia as well as Latin America and the growing number of externally funded clinical programs for development of new products.
Browse Details of Report @
Hexa Research identifies spinal cord stimulation devices, vagus nerve stimulation devices, gastric electric stimulation devices, deep brain stimulation devices, and sacral nerve stimulation devices to be the key product segments in the neurostimulation devices market. Spinal cord stimulation devices, with a contribution of more than half to the total revenues, were the dominant product segment in 2012.
Pain management proved to be the largest application of neurostimulation devices in 2012 and contributed more than 65% to the total demand that year. This was chiefly due to high incidence of conditions characterized by chronic pain and notable therapeutic effects offered by neurostimulation devices.
While North America contributed around 64% to the total revenues in 2012, Asia Pacific is likely to grow the fastest in future. Fast-developing economies like India and China will result in the Asia Pacific neurostimulation devices market growing at CAGR higher than 16% from 2013 to 2020.
Hexa Research observes that the neurostimulation devices industry exhibits outsourcing of expensive manufacturing activities. This enables industry participants to achieve cost efficiency and better profitability. Key industry players include Boston Scientific Corporation, Cyberonics, Medtronic Inc., and St. Jude Medical.
Browse Related Category Market Reports @
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Felton Office Plaza
6265 Highway 9
Felton, California 95018
Website - https://www.hexaresearch.com/
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives Website - http://www.hexaresearch.com/
Health Articles1. Must Ask Questions When Meeting A Dentist
Author: Donnell Nash
2. Natural Skincare And Beauty Supplements For Healthy And Glowing Skin
Author: NAVEEN KHANDELWAL
3. What To Look For A Dentist?
Author: Donnell Nash
4. Can Bpas Damage A Healthy Member?
Author: John Dugan
5. Sticking To Healthy Habits With The Help Of Yoga
Author: Gary Martin
6. Raise Your Efforts With Weight Gainer Supplements
Author: Anabolic Nutrition
7. Signs To Look Out For If You Have A Prolapsed Uterus
Author: Kalptaru Herbal Therapy Centre
8. A Glass Of Milk A Day Keeps Doctor Away
Author: Namit Malgaonkar
9. The Hearing Aids Siemens Are Available In Best Quality And Price To Restore Your Hearing Ability
10. Superfood Supplements- For All Your Nutrition Needs
Author: Shashi Kant Shukla
11. Dental Hygiene Information You Won't Locate In Other Places
Author: Bob Smith
12. Getting Knee Pain Treatment At Parijatak
Author: Dr. Nitesh Khonde
13. Is Invisalign The Right Treatment For Adults?
Author: James Franklin
14. 1st Global Community Of Indian Clinicians - Docstop
Author: Vijay Lokhande
15. Hypothyroidism Rampant In India - Freedom Age
Author: Dr Kalpana Gupta Sekhawat