“North America Internal Neuromodulation Devices Market,” has accounted value of USD 1.9 billion in 2015 and is expected to reach USD 4.7 billion by 2022, growing at a CAGR of 13.4%.- According to Data Bridge Market Research new Market report.
Some of the major players operating in this market are Medtronic, Boston Scientific Corporation, St. Jude Medical, Inc., Nevro Corporation, Cyberonics, Inc. among other companies. The emerging entrant companies in the U.S. internal neuromodulation market are Neuros Medical, Inc., Inspire Medical Systems Inc., StimGuard LLC, SPR Therapeutics LLC, Neuros Medical Inc.
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The North America internal neuromodulation devices market is highly competitive and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
The North America internal neuromodulation devices market report contains an in-depth profiling of the key market players, along with the recent developments (New product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market.
The North America internal neuromodulation market is also technological driven; there are current innovations in lead materials and designs. For instance on 9th June 2015, WISE Srl, a privately held company developed new generation of implantable leads for Neuromodulation and Neuromonitoring.
The electrodes are highly biocompatible, foldable, stretchable, minimally invasive and cheaper to produce than existing products and will overcome the major limitations of today’s technology.
They will allow improving the treatment of patients that are already profiting from Neuromodulation, while at the same time expanding the use of Neuromodulation to fields and clinical indications in which the complex technical demands cannot be met by the current technology.
On July 2, 2015, MESA International, MESA® 2 is K2M’s next-generation pedicle screw system. The system features a top-loading, low-profile screw that offers a dual-lead thread pattern for fast insertion. Companies such as Stimwave Technologies Incorporated, St. Jude Medical, and StimGuard LLC among others have started developing wireless conversions for the navigation of the therapy.
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