Global Neurostimulator Device Market Production, Share by Region and Segment by Types to 2022


Global Neurostimulator Device Market is expected to grow at a significant CAGR in the forthcoming years. Neurostimulation device is commonly used for diagnosis and treatment disorders of autonomic nerves system and central nervous system. Chronic diseases frequently need treatment with neurostimulation devices to manage conditions like neuropathic pain, epilepsy, Parkinson’s disease and depression.


Market driving factors responsible for the growth of Neurostimulator device market includes rise in cases of neurological incidences and significant occurrences of chronic pain and bone ailment. Also, factors such as rise in geriatric population, growing awareness on better neurological treatment and enhancement in functionality of neurostimulation devices is equally expected to drive the market growth. However, the associated side-effects and risks coupled with neurostimulation therapy is likely to impede the market growth in the near future.
Based on segmentation by product, the Neurostimulator devices market include implantable devices and external device. Implantable device is further categorized into cochlear implants, deep brain stimulation, vagus nerve stimulation, sacral nerve stimulation, gastric electrical stimulation and spinal cord stimulation. Based on segmentation by application, the Neurostimulator device market includes epilepsy, urinal and fecal incontinence and Parkinson’s disease.
Geographically, Neurostimulator device market spans North America, Latin America, Europe, Asia-Pacific, Middle-East and Africa. North America dominates the global market with the growth attributing to rising prevalence of neurological disorders and in addition, numerous government and private organizations are conducting awareness campaigns on neurological disorders and health ailments. Europe market is expanding due to rise in healthcare initiatives undertaken by various public organizations to enhance healthcare sector in European regions. APAC market also witnesses a higher CAGR growth owing to rise in cases of neurological disorders such as osteoporosis and arthritis.
The key players in the Neurostimulator device market include Boston Scientific Corporation, St. Jude Medical, Inc., Cochlear, Ltd., Medtronic, Plc, NDI Medical, LLC, MED-EL., Cyberonics, Inc., NeuroSigma, Inc., and NeuroPace Inc.,

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