According to the report published by Allied Market Research, the global Neuromodulation Market was estimated at $2.48 billion in 2020, and is anticipated to hit $4.34 billion by 2030, registering a CAGR of 6.2% from 2020 to 2030. The report provides an in-depth analysis. of major business portfolios, most successful strategies, drivers and opportunities, market size and strategy, competitive landscape and market diversity.
What are the market values / growth % of emerging countries?
Asia-Pacific is expected to register the highest CAGR of 7.5% from 2021 to 2030, owing to increase in prevalence of neurological diseases, and advancement in neuromodulation devices.
What are the key trends in the neuromodulation market report?
The key trends in the neuromodulation market are by an increase in the prevalence of epilepsy; rise in number of hospitals; and R&D in neuromodulation devices.
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- Winning imperatives
- Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market
Covid-19 Situation –
- Operations in many hospitals have been halted due to shutdowns in many countries, which has affected the global neuromodulation market.
- However, the restructuring of many hospitals and clinics across the world to increase hospital capacity and provide better healthcare facilities is driving the market growth.
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Based on technology, the internal neuromodulation segment accounted for more than four-fifths of the global market share in 2020 and is expected to dominate by 2030. However, the external neuromodulation segment will cite a CAGR the fastest of 6, 9% at all times. forecast period.
Based on biomaterials, the metal biomaterials segment captured more than four-fifths of the market share in 2020 and is expected to maintain its level until 2030. However, the ceramic biomaterials segment will grow at the highest CAGR from and 6.9% more than forecast. time.
Major Key Market Players in the Industry –
- LivaNova PLC,
- Nevro Corporation,
- Bioventus Inc.,
- NeuroPace Inc,
- Boston Scientific Corporation,
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Market: By Region Outlook
- North America (U.S., Canada, Mexico)
- Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
- LAMEA (Brazil, South Africa, Turkey, Saudi Arabia, Rest of LAMEA)
Important Questions Being Answered by This Market Report Are –
Q1. What is the total market value of neuromodulation market report?
Q2. What is the market value of neuromodulation Market in 2021?
Q3. Which is base year calculated in the neuromodulation market report?
Q4. Does the neuromodulation company is profiled in the report?
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Key findings of the study –
- Based on technology, the internal neuromodulation segment is the market contributor in 2020.
- Based on application, the chronic pain segment is the most contributing factor in the market in 2020
- Based on biomaterial, metal biomaterials segment dominates the market in 2020.
- Based on region, North America received the highest revenue in 2020, while Asia-Pacific is expected to grow at the highest CAGR during the forecast period.
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