Factors that have significantly contributed to the overall growth of the global neurostimulation market include research activities in the field of internal neurostimulation, growing awareness associated with the benefits of these techniques, government funding, and growing prevalence of neurological disorders.
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The spinal cord stimulation segment accounted for the largest share of 57.5% in the global internal neurostimulation market in 2014. This segment was valued at $2,788.0 million in 2014, and is expected to reach $4,819.9 million by 2019, at a CAGR of 11.6% during the forecast period. The deep brain stimulation modality segment is the second-largest segment that was valued at $861.2 million in 2014, and is expected to reach $1,581.4 million by 2019, at a CAGR of 12.9% from 2014 to 2019. The vagus nerve stimulation (VNS) segment is expected to grow at a CAGR of 13.0% during the forecast period.
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In-depth market share analysis of top companies is included in this report. These numbers are obtained based on key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts and key opinion leaders, such as CEOs, directors, and marketing executives. In addition to this, the report has also profiled key market players with respect to varied parameters, such as business overview, financial overview, product portfolio, business strategies, and recent developments. Major companies of this market include Boston Scientific Corporation (U.S.), Cyberonics, Inc. (U.S.), Dynatronics Corporation (U.S.), EnteroMedics Inc. (U.S.), Medtronic Inc. (U.S.), and St. Jude Medical, Inc. (U.S.) among others.
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