Press release
Neurostimulation Devices Market Is Expected To Exhibit 12.5% CAGR By 2026 | EndoStim Inc, Medtronic plc
The growth in the global neurostimulator devices market is due to growth in utilization of neurostimulator devices in pain management and upsurge in usage of neurostimulation devices in developing economies. Furthermore, rise in incidences of chronic diseases globally is expected to boost the growth of the global neurostimulator devices market
the global neurostimulation devices industry generated $4.38 billion in 2018, and is expected to reach $11.25 billion by 2026, witnessing a CAGR of 12.5% from 2019 to 2026.
Download Detailed COVID-19 Impact Sample Report at @ https://www.alliedmarketresearch.com/request-for-customization/5558?reqfor=covid
Covid-19 Scenario:
• China is one of the major exporters of electronic components. There have been restrictions on export activities in the country and factories have been closed down due to lockdown. This has created the supply shortage of raw materials and impacted the manufacturing process of neurostimulation devices.
• Governments of many countries have suggested manufacturers to find alternative options to fulfill the requirement of raw materials and necessary components.
Drivers, restraints, and opportunities
Surge in spread of neurological disorders and rise in investments for research & development activities propel the growth of the global neurostimulation devices market. However, hazardous effects and risks involved in usage of neurostimulator devices hinder the market growth. On the other hand, utilization of neurostimulators for new indications presents new opportunities in the next few years.
Download Report Sample @ https://www.alliedmarketresearch.com/request-sample/5558
The spinal cord stimulators segment to continue its lead position during the forecast period
Based on device type, the spinal cord stimulators segment held nearly half of the total share of the global neurostimulation devices market in 2018, and is estimated to continue its lead position during the forecast period. In addition, this segment is projected to witness the largest CAGR of 11.8% from 2019 to 2026. This is attributed to rise in utilization of spinal cord stimulators to treat spinal injuries and neuropathic pain. The research also analyzes segments such as vagus nerve stimulators, sacral nerve stimulators, deep brain stimulators, and others.
The pain management segment to present lucrative opportunities
Based on application, the pain management segment would register the fastest CAGR of 14.5% from 2019 to 2026. Furthermore, this segment accounted for the largest market share in terms of revenue with nearly one-third of the global neurostimulation devices market in 2018, and will continue to dominate during the forecast period. This is attributed to surge in usage for treatment of chronic and acute pain. The research also analyzes segments including urinary incontinence, hearing loss, epilepsy, Parkinson's disease, and others.
North America to maintain its lead status by 2026
Based on region, North America contributed to the largest share, accounting for nearly two-fifths of the global neurostimulator devices market share in 2018, and is expected to maintain its lead status by 2026. This is due to increase in prevalence of neurological disorders, supportive reimbursement policies, and innovative technologies. On the other hand, Asia-Pacific would portray the largest CAGR of 14.6% from 2019 to 2026, owing to surge in acceptance of advanced technologies and increase in incidence of neurological disorders in the region. Note- KW is missing in the para
To know more about the report, visit the website at @ https://www.alliedmarketresearch.com/neurostimulation-devices-market
The Major Key Players Are:
• Abbott Laboratories
• Alevaneurotherapeutics SA
• Boston scientific corporation
• Electro Core Inc.
• Endo Stim Inc.
• Medtronic plc
• Neuro Pace Inc.
• Nevro Corporation
• Neuronetics Inc.
• Neuro Sigma, Inc.
• Synapse Biomedical Inc.
Similar Reports:
Cancer Immunotherapy Market : https://www.pharmiweb.com/press-release/2020-12-15/cancer-immunotherapy-market-value-to-hit-11711-billion-by-2023-at-cagr-of-145-amr
Indian Laparoscopy Devices Market : https://www.pharmiweb.com/press-release/2020-12-15/indian-laparoscopy-devices-market-is-generating-revenue-of-811-million-by-2023
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
About Us:
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
the global neurostimulation devices industry generated $4.38 billion in 2018, and is expected to reach $11.25 billion by 2026, witnessing a CAGR of 12.5% from 2019 to 2026.
Download Detailed COVID-19 Impact Sample Report at @ https://www.alliedmarketresearch.com/request-for-customization/5558?reqfor=covid
Covid-19 Scenario:
• China is one of the major exporters of electronic components. There have been restrictions on export activities in the country and factories have been closed down due to lockdown. This has created the supply shortage of raw materials and impacted the manufacturing process of neurostimulation devices.
• Governments of many countries have suggested manufacturers to find alternative options to fulfill the requirement of raw materials and necessary components.
Drivers, restraints, and opportunities
Surge in spread of neurological disorders and rise in investments for research & development activities propel the growth of the global neurostimulation devices market. However, hazardous effects and risks involved in usage of neurostimulator devices hinder the market growth. On the other hand, utilization of neurostimulators for new indications presents new opportunities in the next few years.
Download Report Sample @ https://www.alliedmarketresearch.com/request-sample/5558
The spinal cord stimulators segment to continue its lead position during the forecast period
Based on device type, the spinal cord stimulators segment held nearly half of the total share of the global neurostimulation devices market in 2018, and is estimated to continue its lead position during the forecast period. In addition, this segment is projected to witness the largest CAGR of 11.8% from 2019 to 2026. This is attributed to rise in utilization of spinal cord stimulators to treat spinal injuries and neuropathic pain. The research also analyzes segments such as vagus nerve stimulators, sacral nerve stimulators, deep brain stimulators, and others.
The pain management segment to present lucrative opportunities
Based on application, the pain management segment would register the fastest CAGR of 14.5% from 2019 to 2026. Furthermore, this segment accounted for the largest market share in terms of revenue with nearly one-third of the global neurostimulation devices market in 2018, and will continue to dominate during the forecast period. This is attributed to surge in usage for treatment of chronic and acute pain. The research also analyzes segments including urinary incontinence, hearing loss, epilepsy, Parkinson's disease, and others.
North America to maintain its lead status by 2026
Based on region, North America contributed to the largest share, accounting for nearly two-fifths of the global neurostimulator devices market share in 2018, and is expected to maintain its lead status by 2026. This is due to increase in prevalence of neurological disorders, supportive reimbursement policies, and innovative technologies. On the other hand, Asia-Pacific would portray the largest CAGR of 14.6% from 2019 to 2026, owing to surge in acceptance of advanced technologies and increase in incidence of neurological disorders in the region. Note- KW is missing in the para
To know more about the report, visit the website at @ https://www.alliedmarketresearch.com/neurostimulation-devices-market
The Major Key Players Are:
• Abbott Laboratories
• Alevaneurotherapeutics SA
• Boston scientific corporation
• Electro Core Inc.
• Endo Stim Inc.
• Medtronic plc
• Neuro Pace Inc.
• Nevro Corporation
• Neuronetics Inc.
• Neuro Sigma, Inc.
• Synapse Biomedical Inc.
Similar Reports:
Cancer Immunotherapy Market : https://www.pharmiweb.com/press-release/2020-12-15/cancer-immunotherapy-market-value-to-hit-11711-billion-by-2023-at-cagr-of-145-amr
Indian Laparoscopy Devices Market : https://www.pharmiweb.com/press-release/2020-12-15/indian-laparoscopy-devices-market-is-generating-revenue-of-811-million-by-2023
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
About Us:
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
