According to a new market report published by Persistence Market Research “Global Market Study on Neurostimulation Devices – Deep Brain Stimulation Devices to Witness Highest Growth by 2020,” the global neurostimulation devices market was valued at US$ 5,088.9 Mn in 2014 and is expected to grow at a CAGR of 12.7% from 2014 to 2020, to reach US$ 10,445.7 Mn by 2020.
FACTS AT A GLANCE
Companies: Medtronic, plc, St. Jude Medical, Inc, Boston Scientific Corporation, and Cyberonics, Inc. are some of the leading players in the neurostimulation devices market. Other major players of neurostimulation devices market include Cochlear, Ltd., NDI Medical, LLC, NeuroPace, Inc., NeuroSigma, Inc., and MED-EL.
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Coverage: All major geographies and key segments
Segments: By device type (Implantable device,External device); By implantable devices (Spinal cord stimulation (SCS),Deep brain stimulation (DBS),Sacral nerve stimulation (SNS),Vagus nerve stimulation (VNS),Cochlear implants (CI),Gastric electric stimulation (GES)); By external devices(Transcutaneous electrical nerve stimulation (TENS),Transcranial magnetic stimulation (TMS)); By application(Pain management,Parkinson’s disease,Urinary and fecal incontinence,Epilepsy,Hearing loss,Gastroparesis,Depression)
Geographies: North America,Europe,Asia Pacific,Rest of the World (RoW)
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ABSTRACT-
Persistence Market Research (PMR) provides key insights on the global neurostimulation devices market over the forecast period (2014-2020). The primary objective of the report is to provide in-depth analysis and future market estimations, including growth drivers, restraints, opportunities, trends, key segments, status of the regional markets and key market participants operating in the global scar treatment market. Along with the provision of quality insights quantification of data has been considered through discussions with market experts, clinicians and product managers.
To understand and assess opportunities in the global marketplace, the report is categorically split into four sections in terms of market value (US$ Mn), namely market analysis by device type, by application and by geography. The report further provides comprehensive data on forecast values, global market estimations, and competitive landscape. The aforementioned segments have been analyzed in terms of Basis Point (BPS) to understand each segment’s relative contribution to the overall market growth.
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The geographical analysis studies the market on the basis of the regional opportunities and estimates the market value for each region during the forecast period. The report also considers a year-on-year growth based on regional market analysis, in order to identify right opportunities in each of the regions and to understand predictability of the market.
The last part of the report provides an exhaustive analysis on the global competitive landscape including leading market participants and a dashboard view. Market strategies of prominent players and their key developments have also been included in the report.
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