Market Scenario:

Nerve stimulation is a therapy that uses low-voltage electric current to treat multiple diseases. The stimulator used in the nerve stimulation therapy is a bit like a heart pacemaker. Nerve stimulator therapy has also proved as an efficient approach to get relief from neurological disorders. Among neurological disorders, nerve stimulation therapy is the most commonly used treatment for epilepsy and depression. The most commonly used nerve stimulators are deep brain stimulator (DBS), vagus nerve stimulator (VNS), and spinal cord stimulator (SCS). The vagus nerve stimulation (VNS) involves a stimulator, which is connected to the left vagus nerve in the neck. The main aim of VNS therapy is to reduce the severity of seizures

However, high cost of the treatment and lack of skilled or trained physicians may hinder the growth of the market over the forecast period. According to the Epilepsy Foundation of Greater Chicago, VNS therapy costs approximately USD 20,000 and costs of surgery may vary in different parts of the world and may increase over time.

The global nerve stimulators market is expected to grow at a CAGR of 9.7% during the forecast period 2017-2023.

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Segmentation:                                                    

The global nerve stimulators market is segmented on the basis of type, application, and end-users.

On the basis of type, the market is segmented into deep brain stimulator (DBS), vagus nerve stimulator (VNS), and spinal cord stimulator (SCS). Vagus nerve stimulator (VNS).

On the basis of application, the market is classified into chronic pain, depression, dystonia, epilepsy, parkinson’s disease, and others.

On the basis of end -users, the market is segmented into ambulatory surgical centers, hospital & clinics, and trauma centers.

Intended Audience:                                                                                       

Medical Devices Companies
Hospitals & Clinics
Research and Development (R&D) Companies
Government Research Institute
Academic Institutes and Universities
Regional Analysis:

The Americas dominate the nerve stimulators market owing to the rising prevalence of chronic diseases, a well-developed technology, high healthcare expenditure, and the presence of the leading players. According to a study published in Drug and Alcohol Dependence journal in 2017, more than 100 million adult Americans are living with chronic pain. Chronic low back pain and headaches are the most commonly diagnosed conditions. It is also stated that conditions are more prevalent in women than men i.e. 34.3% in women, and 26.7% in men in the United States.

Asia Pacific region is projected to be the fastest growing region during the forecast period. Increasing need for cost-effective nerve stimulators, rapidly improving technology, and the presence of huge patient pool drive the growth of this market in Asia Pacific region.

The Middle East and Africa holds the least share in the market owing to the presence of poor and slow developing countries, especially, in African region.

Key Players:

Some of key the players in the market are Boston Scientific Corporation, Cochlear ltd, Medtronic plc, St Jude Medical, Inc., Cyberonics, Inc., Aleva Neurotherapeutics SA, NeuroPace, Inc, and others.

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Table of Content:

1  REPORT PROLOGUE

2  MARKET INTRODUCTION

2.1 Research Objective 13

2.2 Assumptions & Limitations 13

2.2.1 Assumptions 13

2.2.2 Limitations

3  RESEARCH METHODOLOGY

3.1 Research Process 15

3.2 Primary Research 16

3.3 Secondary Research 16

3.4 Market Size Estimation

4  MARKET DYNAMICS

4.1 Introduction 19

4.2 Drivers 20

4.2.1 Rising Incidence Of Chronic Health Problems (Impact Weightage: 35%) 20

4.2.2 Technological Improvements (Impact Weightage: 35%) 21

4.2.3 Increasing Geriatric Population (Impact Weightage: 20%) 22

TOC Continued…!

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