Neuromodulation Market Poised to Garner Maximum Revenues by 2022Posted by sanjayhande on November 25th, 2019 Rise in geriatric population, increase in number of patients suffering from migraine and epilepsy, and increasing incidence of neurological diseases have boosted the growth of the neuromodulation market. However, lack of skilled professionals, high cost, and lack of reimbursement hamper market growth. On the contrary, rise in healthcare expenditure in developing countries, use of neurostimulators for new indications, and increase in patient awareness about neurostimulators are expected to create lucrative opportunities for the market players in the near future. Allied Market Research recently published a report, titled, “Neuromodulation Market by Technology (Deep Brain Stimulation, Sacral Nerve Stimulation, Vagus Nerve Stimulation, and Spinal Cord Stimulation), Application (Chronic Pain Management, Failed back syndrome, Epilepsy, Tremor, Incontinence, Depression, Dystonia, Gastroparesis, Parkinson’s disease, Obsessive-Compulsive Disorder, and Migraine) and Biomaterial (Metallic, Polymeric, and Ceramic): Global Opportunity Analysis and Industry Forecast, 2014–2022”. According to the report, the global neuromodulation market is estimated to reach .72 billion by 2022, registering the CAGR of 13.1% from 2016 to 2022. Click Here To Access The Sample Report @ https://www.alliedmarketresearch.com/request-sample/1489 The neuromodulation market report is divided into technology, application, biomaterial, and geography. On the basis of technology, the report splits into deep brain stimulation, sacral nerve stimulation, vagus nerve stimulation, and spinal cord stimulation. The spinal cord stimulation segment garnered the largest market share, owing to the rise in number of product approvals and positive clinical outcomes. However, the deep brain stimulation (DBS) is estimated to register the fastest CAGR of 13.9% during the forecast period, owing to increased prevalence of neurological disorders such as Parkinson’s disease, epilepsy & dystonia. Based on application: The report is bifurcated into chronic pain management, failed back syndrome, epilepsy, tremor, incontinence, depression, dystonia, gastroparesis, Parkinson’s disease, obsessive-compulsive disorder, and migraine. The pain management held the largest share in the market, contributing about one-third share, owing to high incidence of conditions characterized by chronic pain. Based on biomaterial: The report is divided into metallic, polymeric, and ceramic. The devices manufactured from polymeric biomaterials are projected to manifest the fastest growth as they are biodegradable and biocompatible. According to geography, the report is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America held the largest share in the market and is expected to maintain its dominance throughout the forecast period, owing to prevalence of neurological disorders coupled with rise in geriatric population, and presence of innovative technologies. However, Asia-Pacific is projected to register the fastest CAGR during the study period, owing to unmet medical needs for treatment of neurological disorders and increase in awareness regarding mental health. Key Findings of Neuromodulation Market:
The key players profiled in this report include
Obtain Report Details: https://www.alliedmarketresearch.com/neuromodulation-market About Us We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Like it? Share it! More by this author |