Vagus Nerve Stimulation Market Size | 2021 Global Analysis By Growth Insights, Developments, Emerging Technologies, COVID-19 Impact, Share, Key Players, Trends, Regional Outlook And Global Industry Forecast To 2027 is latest study published by Fortune Business Insights. Vagus Nerve Stimulation market expected to reach USD 1,194.4 million value exhibiting a 11.4% CAGR by 2027. Vagus Nerve Stimulation Industry is segmented By Type (Invasive, and Non-invasive {nVNS}), By Application (Epilepsy, Treatment Resistant Depression (TRD), and Others), By End User (Hospitals, and Specialty Clinics), and Regional Forecast, 2019-2026.
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Key Companies Studied In Report:
- LivaNova PLC
- BioControl
- electroCore, Inc.
- Parasym Ltd
- Innovative Health Solutions Inc.
- tVNS Technologies GmbH
Vagus Nerve Stimulation Market Highlights:
The World Health Organization (WHO) estimates that close to 50 million people in the world suffer from epilepsy, of which nearly 80% live in low- and middle-income countries. The WHO opines that 70% of those living with epilepsy can lead seizure-free lives if given proper treatment. Vagus nerve stimulation technique is steadily emerging as an effective treatment option for epilepsy. The VNS method involves placing of a pulse stimulator in the left vagus nerve, which sends mild electrical stimulations to subdue erratic, seizure-inducing brain activity in epileptic patients. Thus, proven efficacy of the VNS technique in treating epilepsy is augmenting its demand in healthcare and driving the vagus nerve stimulation market trends.
“The VNS market growth may hit a roadblock on account of the high cost of VNS treatment”, says one of our lead analysts. The Chicago-based Epilepsy Foundation states that VNS therapy costs around $20,000, which includes surgeries and implants. While the procedure is covered by insurance, a large chunk of people are still uninsured and may, therefore, not be able to afford the therapy. Furthermore, a study published in the New England Journal of Medicine revealed that nearly 33% of epilepsy patients have drug-resistant epilepsy. These patients are in need of more and better healthcare for a protracted time period, which can prove costly for an average patient who may not have the financial wherewithal to complete the treatment. Another major constraint is the low awareness and lack of access to advanced therapies for neurological disorders in developing nations, which can severely limit the expansion of this market during the forecast period.
Our research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
It offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for Vagus Nerve Stimulation market to figure out and study the market’s needs, market size, and competition.
Regional Analysis:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East and Africa (South Africa, GCC and Rest of the Middle East and Africa)
With a market size of USD 244.7 million in 2018, North America is poised to dominate the vagus nerve stimulation market share in the upcoming decade. The main reason attributable to its commanding position is the favorable health reimbursement policies for VNS devices in the region. Additionally, high awareness about neurological diseases and availability of advanced VNS techniques will further drive the market in North America.
Europe is projected to grow at an impressive CAGR on account of increasing issuance of CE certification to non-invasive VNS procedures. Asia-Pacific remains an untapped region in the context of this market and this will create several opportunities for domestic and global players, says the vagus nerve stimulation market report.
This report focuses on Vagus Nerve Stimulation Global Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2027, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
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Vagus Nerve Stimulation Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Supply Chain Analytics market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Supply Chain Analytics market
Competitive Analysis And Industry News:
Major companies in the global Vagus Nerve Stimulation Market are increasingly focusing on research and development activities to create new and innovative products to stay ahead of the competition. Staying on top of market trends and drivers is crucial for decision-makers to hold this emerging opportunity. The study provides information on market trends and development, drivers, capacities, technologies, and the changing investment structure of the Vagus Nerve Stimulation Industry.
Key questions answered in the report:
- What will the market growth rate of Vagus Nerve Stimulation Market in 2027?
- What are the key factors driving the global Vagus Nerve Stimulation Market?
- Who are the key manufacturers in Vagus Nerve Stimulation Market space?
- What are the market opportunities, market risk and market overview of the Vagus Nerve Stimulation Global market?
- What are sales, revenue, and price analysis of top manufacturers of Vagus Nerve Stimulation Global market?
- What are sales, revenue, and price analysis by types and applications of Vagus Nerve Stimulation Market?
- What are sales, revenue, and price analysis by regions of Vagus Nerve Stimulation market?
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Table of Content:
- Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
- Executive Summary
- Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
- Key Insights
4.1 Key Industry Developments – Merger, Acquisitions, and Partnerships
4.2 Technological Developments
4.3 Porter’s Five Forces Analysis
4.4 SWOT Analysis
4.5 Impact of COVID-19
5 North America Vagus Nerve Stimulation by Country
5.1 North America Vagus Nerve Stimulation Sales, Revenue and Market Share by Country
5.1.1 North America Vagus Nerve Stimulation Sales and Market Share by Country (2020-2027)
5.1.2 North America Vagus Nerve Stimulation Revenue and Market Share by Country (2020-2027)
5.2 United States Vagus Nerve Stimulation Sales and Growth Rate (2020-2027)
5.3 Canada Vagus Nerve Stimulation Sales and Growth Rate (2020-2027)
5.4 Mexico Vagus Nerve Stimulation Sales and Growth Rate (2020-2027)
8 South America Vagus Nerve Stimulation by Country
8.1 South America Vagus Nerve Stimulation Sales, Revenue and Market Share by Country
8.1.1 South America Vagus Nerve Stimulation Sales and Market Share by Country (2020-2027)
8.1.2 South America Vagus Nerve Stimulation Revenue and Market Share by Country (2020-2027)
8.2 Brazil Vagus Nerve Stimulation Sales and Growth Rate (2020-2027)
8.3 Argentina Vagus Nerve Stimulation Sales and Growth Rate (2020-2027)
8.4 Colombia Vagus Nerve Stimulation Sales and Growth Rate (2020-2027)
9 Middle East and Africa Vagus Nerve Stimulation by Countries
9.1 Middle East and Africa Vagus Nerve Stimulation Sales, Revenue and Market Share by Country
9.1.1 Middle East and Africa Vagus Nerve Stimulation Sales and Market Share by Country (2020-2027)
9.1.2 Middle East and Africa Vagus Nerve Stimulation Revenue and Market Share by Country (2020-2027)
9.2 Saudi Arabia Vagus Nerve Stimulation Sales and Growth Rate (2020-2027)
9.3 Turkey Vagus Nerve Stimulation Sales and Growth Rate (2020-2027)
9.4 Egypt Vagus Nerve Stimulation Sales and Growth Rate (2020-2027)
9.5 Nigeria Vagus Nerve Stimulation Sales and Growth Rate (2020-2027)
10 Vagus Nerve Stimulation Market In Developing Countries
11 South America Vagus Nerve Stimulation Market Analysis by Countries
12 Competitive Landscape
13 Industry Outlook
13.1 Market Driver Analysis
13.1.2 Market Restraints Analysis
13.1.3 Market Trends Analysis
13.2 Merger, Acquisition and New Investment
13.3 News of Product Release
14 Global Vagus Nerve Stimulation Market Forecast
15 New Project Feasibility Analysis
15.1 Industry Barriers and New Entrants SWOT Analysis
15.1.1 Porter’s Five Forces Analysis
15.1.2 New Entrants SWOT Analysis
15.2 Analysis and Suggestions on New Project Investment
Continued…
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