World Neurostimulation Devices Market is Expected Grow at CAGR of 14.3% from 2014 to 2020

Posted May 1, 2014 by dhivyasherly

GrandViewResearch has announced the addition of Global Neurostimulation Devices Market Analysis To 2020 Market Research report to their Database.

San Francisco, CA, May 01, 2014 -- Global Neurostimulation Devices Market is expected to reach USD 8,791.8 million by 2020, according to a new study by Grand View Research, Inc. The presence of high unmet medical needs with limited treatment options in disease segments such as epilepsy, Parkinson’s disease and migraine is one of the highest impact rendering driver of the market. Other key drivers for this market include growing global base of geriatric population, growing use of neuromodulation as an add on therapy and the introduction of technological advancements such as the transdermal neuromodulation technology by Neurowave Medical Technologies and MRI safety enabled devices by Medtronic Inc.

The report “Neurostimulation Devices Industry Trends and Market Segment Forecasts To 2020,” is available now to Grand View Research customers and can also be purchased directly at

Inquiry Before Buying @

Neuromodulation or the use of neurostimulation devices for therapeutic purposes is one of most promising healthcare technologies. The global neurostimulation devices market is expected to grow at a CAGR of 14.3% from 2013 to 2020 on account of future growth opportunities such as the presence of untapped markets in rapidly growing Asian and Latin American economies and the growing number of externally funded clinical programs working towards the development of new products (e.g. the National Institute for Health Research funded a research program initiated by the NIHR/Nottingham Hearing Biomedical Research Unit to develop neuromodulation devices for the treatment of tinnitus).

The global neurostimulation devices market was dominated by the spinal cord stimulation product segment in 2012. Its market accounted for over 55% of the total revenue in 2012 owing to factors such as the presence of relatively larger number of high efficacy exhibiting U.S. FDA approved products in this segment and the high global prevalence of chronic pain.

Further Key findings from the study suggest:

North America generated the maximum revenue for the market in 2012. Its contribution to the market in terms of revenue was calculated at approximately 65% in 2012. However, the Asia Pacific market is expected to grow at the fastest rate (at a CAGR of over 17% from 2013 to 2020) during the forecast period on account of the presence of high future growth opportunities in countries with rapidly growing economies such as India and China.

Neurostimulation devices market for pain management dominated the market in terms of revenue in 2012. Its market share was valued at over 65% in 2012

Key players of this market include Medtronic Inc., St. Jude Medical, Cyberonics Inc., Integra Life Sciences, Boston Scientific Corporation and others.

Request Free Sample of this Report @

For the purpose of this study, Grand View Research has segmented the global neurostimulation devices market on the basis of application and region:

• Neurostimulation Devices Product Outlook,
- Deep Brain Stimulation Device
- Gastric Electric Stimulation Device
- Spinal Cord Stimulation Device
- Sacral Nerve Stimulation Device
- Vagus Nerve Stimulation Device

• Neurostimulation Devices Application Outlook,
- Pain Management
- Epilepsy
- Essential Tremor
- Urinary and Fecal Incontinence
- Dystonia
- Gastroparesis
- Parkinson's Disease
- Others

• Neurostimulation Devices Regional Outlook,
- North America
- Europe
- Asia Pacific
- Rest of the World

Latest Market Research Published By Grand View Research:

Drilling Fluids Market Analysis By Product (OBF, SBF, WBF) By Application (Offshore, Onshore) And Segment Forecasts To 2020 ( ) Increasing drilling activities mainly in South America and Asia Pacific is expected to drive the market for drilling fluids. Grand View Research also observes that depleting natural has been prompting industry players to shift their focus towards exploring and developing unconventional gas reserves which promotes the use of horizontal drilling and is expected to translate into enhanced fluid demand.

Excipients Market Analysis By Polymers (MCC, HPMC, CMC, Ethyl Cellulose, Povidone), Alcohols (Glycerin, Sorbitol, Mannitol, Propylene Glycol), Minerals (Clay, Silicon Dioxide, Titanium Dioxide), Sugars And Segment Forecasts To 2020 ( ) global market for excipients is expected to reach USD 5,226.1 million by 2020, according to a new study by Grand View Research, Inc. Increasing demand for pharmaceuticals as a consequence of growing global geriatric population base and the introduction of innovative products such as Mallinckrodt Baker’s PanExcea MHC300G are expected to drive excipient demand over the next six years.

About Grand View Research

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit

Sherry James, Corporate Sales Specialist
Grand View Research, Inc
San Francisco, California, USA
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
[email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Sherry James, Corporate Sales Specialist
Country United States
Categories Industry
Tags grand view research , neurostimulation devices market , market research report , neurostimulation devices market analysis
Last Updated May 1, 2014