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Nerve Stimulator Market - Global Growth, Trends and Forecast (2022 - 2029) By Types, By Application, By Regions and By Key Players: Medtronic (NYSE: MDT), Abbott (NYSE: ABT), Boston Scientific (NYSE: BSX), LivaNova (NASDAQ: LIVN), Nevro (NYSE: NVRO)

27 Jun, 2022 | 167 Pages
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Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Nerve Stimulator Market size is projected to accrue voluminously by 2029 registering a phenomenal CAGR of 10.9% during the review period (2022 to 2029).

Nerve Stimulator Market Overview

The central nervous system (CNS) and peripheral nervous system (PNS) of the human body are affected by neurological disorders such as Alzheimer's disease, Parkinson's disease, epilepsy, and cerebrovascular diseases. The neurostimulation approach is crucial in the treatment of many neurological illnesses. The electrodes in the gadgets provide modest electrical impulses to help patients with their neurological processes. These gadgets can be implanted or worn on the outside. PNS or CNS neurostimulation devices are implanted directly into the brain.

The Nerve Stimulator is stimulated by sending electrical impulses to it, which works as a translator. It's injected beneath the patient's clavicle for epilepsy and depression, among other things. It's a portion of the neurological system that regulates involuntary actions like heart rate and is used to treat depression that hasn't responded to treatment. It allows individuals to better their current depression therapy options. The introduction of revolutionary noninvasive vague and the shift of healthcare professionals from medicine to electrical stimulation for the treatment of neurological tremors diseases are the primary drivers driving the market's growth. For the years 2022-2029, the rising prevalence of neurological illnesses and increased investment in biotechnology are expected to boost the overall market development for the Nerve Stimulator.

What is our Nerve Stimulator Market report scope?

 

Report Attributes

 

 

Report Details

 

Forecast Period 2022 to 2029 CAGR

 

CAGR of 10.9% during the review period (2022 to 2029).

 

By Type

  • Deep Brain Stimulator
  • Spinal Cord Stimulator
  • Vagus Nerve Stimulator

 

By Application

  • Pain Management
  • Parkinson's Disease
  • Incontinence
  • Epilepsy

 

 By Companies

 

 

 

 

Medtronic, Abbott, Boston Scientific, LivaNova, Nevro, Pins Medical, NeuroPace, Synapse Biomedical.

 

 

Regions Covered

 

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

 

 

 

 

 

 

 

 

Countries Covered

  • US
  • Canada
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • Middle East & Africa
  • Latin America

 

Base Year

 

 

2022

 

Historical Year

 

 

2017 to 2021

Forecast Year

 

2022 to 2029

Number of Pages

167

 

Customization Available

 

 

Yes, the report can be customized as per your needs

Who are the Major Players in Nerve Stimulator Market?

The Nerve Stimulator Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market Medtronic (NYSE: MDT), Abbott (NYSE: ABT), Boston Scientific (NYSE: BSX), LivaNova (NASDAQ: LIVN), Nevro (NYSE: NVRO), Pins Medical, NeuroPace, Synapse Biomedical and others.

Industry News:

Jan. 14, 2021:Abbott (NYSE: ABT) proclaimed the upcoming launch of NeuroSphere myPath, a digital health app designed to path and report on patient perceived pain relief and general well-being associated with spinal cord stimulation (SCS) or dorsal root ganglion (DRG) therapy. During the device trial period required before the permanent implant, the app allows patients to record their outcomes on pain and well-being while trialing their neurostimulation therapy.

What are the major Applications, Types and Regions for Nerve Stimulator Market?

By Type, it is segmented into

  • Deep Brain Stimulator
  • Spinal Cord Stimulator
  • Vagus Nerve Stimulator

By Applications it is segmented into

  • Pain Management
  • Parkinson's Disease
  • Incontinence
  • Epilepsy

Nerve Stimulator Market Regional Analysis

The global vagus nerve stimulator market could be dominated by North America. The expansion of the North American market is fueled by an ultra-modern healthcare system and unparalleled advancements in healthcare practises. Another important market for vagus nerve stimulators is Europe. This market is feeling a high level of consumer awareness for modern healthcare and government backing for innovative medical research.

The market for Nerve Stimulator in Asia is predicted to increase rapidly over the next few years, followed by Europe. In Asia, China and India are likely to be the fastest expanding markets.

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Middle East & Africa
    • Latin America

The Nerve Stimulator Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Nerve Stimulator Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

  1. Introduction
    1. Research Scope
    2. Market Segmentation
    3. Research Methodology
  2. Executive Summary
  3. Market Dynamics
    1. Market Drivers
    2. Market Restraints
  4. Key Insights
    1. Pricing Analysis, By Key Regions, 2022
    2. Price Comparison (USD Per Ton) By Type (Deep Brain Stimulator, Spinal Cord Stimulator, Vagus Nerve Stimulator) 2021/2022
    3. Price Comparison (USD, Per Ton): By Application (Pain Management, Parkinson's Disease, Incontinence, Epilepsy) 2021/2022
    4. Impact of COVID-19 on the Nerve Stimulator Market
    5. Production Share of Nerve Stimulator, By Region, 2022
    6. Key Industry Developments
  5. Global Nerve Stimulator Market Analysis, Insights and Forecast, 2022-2029
    1. Market Analysis, Insights and Forecast – By Application
      1. Pain Management
      2. Parkinson's Disease
      3. Incontinence
      4. Epilepsy
    2. Market Analysis, Insights and Forecast – By Type
      1. Deep Brain Stimulator
      2. Spinal Cord Stimulator
      3. Vagus Nerve Stimulator
    3. Market Analysis, Insights and Forecast – By Region
      1. North America
      2. Europe
      3. Asia Pacific
      4. Rest of World
  6. Competitive Analysis
    1. Global Market Share Analysis (2021)
    2. Company Profiles (Overview, Products, SWOT analysis, Recent developments, strategies, financials (based on availability))
      1. Medtronic (NYSE: MDT)
        1. Overview,
        2. Products,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      2. Abbott (NYSE: ABT)
        1. Overview,
        2. Products,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      3. Boston Scientific (NYSE: BSX)
        1. Overview,
        2. Products,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      4. LivaNova (NASDAQ: LIVN)
        1. Overview,
        2. Products,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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