Neuromodulation is the alteration of nerve activity by delivering electrical impulses directly to a target area. Neurological disorders such as epilepsy, Alzheimer disease, cerebrovascular diseases, and Parkinson’s disease affect the central and peripheral nervous system. Bacterial, viral, and fungal infections can also cause neurological disorders. Growth in the Neuromodulation devices market is attributed to increasing prevalence of neurological disorders due to rapidly rising geriatric population, increasing adoption of neuromodulation devices in developed countries, and growing focus of big players, such as Medtronic and Boston Scientific, on R&D in the segment.
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The world neuromodulation devices market is estimated to reach $11,717 million by 2022. The market is expected to be driven by the increasing awareness about the safety and efficacy of neuromodulation devices, rising prevalence of neurological disorders and rising number of clinical trials worldwide for the development of innovative technologies in the field of neuromodulators. However, lack of trained healthcare professionals and stringent approval policies restrain the market growth.
Key Market Benefits
The study provides an in-depth analysis of the world neuromodulation devices market with current trends and future estimations to elucidate the imminent investment pockets.
The report provides a quantitative analysis from 2014 to 2022, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
The world neuromodulation devices market is segmented based on technology, applications, material and geography.
Deep Brain Stimulation
Sacral Nerve Stimulation
Vagus Nerve Stimulation
Spinal Cord Stimulation
Other Neuromodulation Technologies
Transcutaneous Electrical Nerve Stimulation
Transcranial Magnetic Stimulation
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Chronic Pain Management
Failed back syndrome
Urinary and Fecal Incontinence
Rest of Europe
Rest of Asia-Pacific
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