Neuromodulation is one of the largest and fastest growing segments of the worldwide medical device market. As a result, the number of products in the Neuromodulation pipeline is exploding. Most of the Neuromodulation devices sold today are implantable, and are used as a treatment of last resort to manage patients with chronic pain, movement disorders, spasticity, who do not respond to conventional therapies.
Technological advancements, rising prevalence of chronic diseases and the presence of unmet medical needs, increasing demand for minimally invasive surgeries, and rising healthcare related consumer expenditure are the growth drivers of Neuromodulation device market. However, side effects and risks of neuromodulation, government regulations, rapidly changing technologies, and availability of alternate treatment procedures are restraints of the market.
The research report segmented current and emerging Neuromodulation devices market on the basis of different application areas like Spinal Cord and Deep Brain Neurostimulation Systems, St. Jude Medical’s Eon Mini Neurostimulator System, Boston Scientific’s Precision Spinal Cord Stimulation System, Nevro’s Senza System for Spinal Cord Stimulation, Cyberonics’ VNS Therapy System, Codman & Shurtleff’s Medstream system, Medtronic’s Enterra Therapy System and IntraPace’s ability system.
This report meticulously covers in depth analysis of the Neuromodulation devices market across the globe. The geographical regions covered in this report are North America (U.S, Canada), Europe (Germany, France, Italy, U.K, Spain), Asia- pacific (Japan, India, Chain) and rest of world (Latin America, Middle East Africa.
Some of the key market player profiled includes Medtronic, St. Jude Medical, Boston Scientific Group, Cyberonics, Nevro, Codman and Shurtleff, Integra, IntraPace, Neuronetics Inc., Cervel Neurotech Inc. and Uroplasty.
Global Neuromodulation devices market segmented into following categories
Neuromodulation Devices Market by Technology
• Spinal Cord Stimulation Devices
• Deep Brain Stimulation Devices
• Vagus Nerve Stimulation Devices
• Sacral Nerve Stimulation Devices
• Gastric Electric Stimulation Devices
Neuromodulation Systems for Different Application Areas
• Medtronic’s Spinal Cord and Deep Brain Neurostimulation Systems
• St. Jude Medical’s Eon Mini Neurostimulator System
• Boston Scientific’s Precision Spinal Cord Stimulation System
• Nevro’s Senza System for Spinal Cord Stimulation
• Cyberonics’ VNS Therapy System
• Codman & Shurtleff’s Medstream system
• Medtronic’s Enterra™ Therapy System
• IntraPace’s ability system
Source: Expert Interviews, Government Authorities, Related associations/Institutes, Related Research Publication, Government Publication, Company Press Release, Company Annual Reports, Company Website, Company Publication, SEC Filings, Meticulous Analysis.