The Exhaustive Study for Global Nerve Stimulators Market Research Report is added on Market Research Future. To provide detail analysis of the market structure along with forecast, about various segments and sub-segments of the Nerve Stimulators. It is also cover country level analysis of the market with respect to the current market size and future growth prospect. – Forecast till 2023
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Nerve Stimulators: Market Introduction
The global nerve stimulators market is expected to grow at a CAGR of 9.7% during the forecast period 2017-2023. The intensifying competition and pressure to reduce healthcare expenditure continues to strengthen medical device industry. Medical device manufacturers seem to have shifted from transaction-based selling to the production of value-based products for providers, payers, and patients.
Nerve stimulation is a therapy that uses low-voltage electrical current for pain relief. The nerve stimulator used in the nerve stimulation therapy is a bit like a heart pacemaker. In peripheral nerve and spinal cord stimulation, small pulse generator delivers electrical pulses to the nerves or to the spinal cord. Transcutaneous Electrical Nerve Stimulation (TENS) device is different from PNS, and SCS, as TENS is a non-invasive at-home medical device.
Some of key the players in the market are Boston Scientific Corporation, Cochlear ltd, Medtronic plc, St Jude Medical, Inc., Cyberonics, Inc., Aleva Neurotherapeutics SA, NeuroPace, Inc, and others.
The global nerve stimulators market is segmented on the basis of type, application, and end-users.
On the basis of type, the market is segmented into deep brain stimulator (DBS), vagus nerve stimulator (VNS), and spinal cord stimulator (SCS). Vagus nerve stimulator (VNS).
On the basis of application, the market is classified into chronic pain, depression, dystonia, epilepsy, parkinson’s disease, and others.
On the basis of end -users, the market is segmented into ambulatory surgical centers, hospital & clinics, and trauma centers.
Nerve Stimulator Market – Regional Analysis:
The Americas dominate the nerve stimulators market owing to the rising prevalence of chronic diseases, a well-developed technology, high healthcare expenditure, and the presence of the leading players. According to a study published in Drug and Alcohol Dependence journal in 2017, more than 100 million adult Americans are living with chronic pain. Chronic low back pain and headaches are the most commonly diagnosed conditions. It is also stated that conditions are more prevalent in women than men i.e. 34.3% in women, and 26.7% in men in the United States.
Europe holds the second position in the nerve stimulators market. It is expected that the support provided by the government bodies for research & development, along with a well-developed technology drives the market in European region.
Asia Pacific region is projected to be the fastest growing region during the forecast period. Increasing need for cost-effective nerve stimulators, rapidly improving technology, and the presence of huge patient pool drive the growth of this market in Asia Pacific region.
The Middle East and Africa holds the least share in the market owing to the presence of poor and slow developing countries, especially, in African region.
Major TOC of Nerve Stimulator Market Research Report- Global Forecast till 2023:
1 Report Prologue
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Nerve Stimulator Market by Type
7 Global Nerve Stimulator Market by Applications
8 Global Nerve Stimulator Market by End Users
9 Global Nerve Stimulator Market by Regions
10 Competitive Landscape
11 Company Profile
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