Global Neurostimulation Devices Market is expected to reach $10.2 Billion by 2024 from $4 Billion in 2016, growing at a CAGR of 12.7% from 2016 to 2024. By geography, Asia-Pacific and Europe are expected to grow at a CAGR of 13.8% and 12.9%, respectively, during the forecast period.

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Global neurostimulation devices market is driven by rise in number of neurological diseases, increasing demand for add-on therapies, high demand from healthcare institutions, and availability of advanced products. Though, high cost of treatments may restrain the market growth. Furthermore, increasing R&D budgets and technological advancements may provide growth opportunities for the market, during the forecast period.

Device type, application, and geography are key segments of global neurostimulation devices market. Device type comprises implantable devices (cochlear implants, deep brain stimulation, spinal cord stimulation, vagus nerve stimulation, sacral nerve stimulation, gastric electric stimulation, and others) and external devices (transcranial magnetic stimulation (TMS), transcutaneous electrical nerve stimulation (TENS), and others). By application, the segmentations are parkinson’s disease, pain management, epilepsy, hearing loss, gastroparesis, urinary and fecal incontinence, depression, and others. Among the device types, implantable devices accounted for majority of the segment share in 2016. By application, pain management accounted the largest share in the market and is anticipated to dominate with fastest CAGR during the forecast period.

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Geographically, the neurostimulation devices market is segment into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America accounted for the largest share with 45% of the total market in 2016, driven by high healthcare spending and commercialization of advanced technologies. In terms of growth, Asia-Pacific is expected to grow with the fastest CAGR, driven by growing healthcare facilities, and increasing consumer knowledge and awareness.

The major players in the market include Cyberonics, Inc., DePuy Synthes Companies, Nevro Corporation, BioControl Medical, St. Jude Medical, Inc., Synapse Biomedical, Inc., Boston Scientific Corporation, Neuropace, Inc., NDI Medical, LLC, and NeuroSigma, Inc., among others.

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Scope of the Global Neurostimulation Devices Market

Device Type Segments

• Implantable Devices
o Cochlear Implants
o Deep Brain Stimulation
o Spinal Cord Stimulation
o Vagus Nerve Stimulation
o Sacral Nerve Stimulation
o Gastric Electric Stimulation
o Others
• External Devices
o Transcranial Magnetic Stimulation (TMS)
o Transcutaneous Electrical Nerve Stimulation (TENS)
o Others

Application Segments
• Parkinson’s Disease
• Pain Management
• Epilepsy
• Hearing Loss
• Gastroparesis
• Urinary and Fecal Incontinence
• Depression
• Others

Geography Segments
• North America
o U.S.
o Canada
o Mexico

• Europe
o Germany
o UK
o France
o Others

• Asia Pacific
o China
o Japan
o India
o Others

• RoW
o South America
o Middle East
o Africa

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