Global Neuromodulation Market

 Global Neuromodulation Market is expected to reach $XX Mn by 2026 from $XX Mn in 2019, at a CAGR of 11.5% during forecast period.

Global Neuromodulation Market Overview:

Epilepsy, Alzheimer's disease, cerebrovascular disease, and Parkinson's disease are all neurological disorders that impact the central and peripheral nervous systems. Infections such as bacterial, viral, and fungal infections can all lead to neurological problems. Neuromodulation is a method that involves applying pharmacological agents or electrical stimulation to specific neurological areas in the body to alter or modulate nerve function.
Global Neuromodulation Market Dynamics:

Rising cases of neurological disorders is the major factor driving the market growth.

Depression affects people of all ages and is the most common neurological condition. The majority of people in developing countries suffer from depression as a result of different socioeconomic issues such as financial stress and poverty. Other neurological problems seen in the elderly include dystonia, Parkinson's disease, and obsessive-compulsive disorder. Infections such as bacterial, viral, and fungal infections can all lead to neurological problems.

Neuromodulation, in which small electrodes create electrical stimulation with the use of pulse generators to augment neurological functions in affected patients, is used to manage such conditions. The rise in the geriatric population, their vulnerability to neurological disorders, the rise in the incidence of neurological diseases such as Alzheimer's and Parkinson's diseases, and increased awareness about the safety and efficacy of neurostimulator devices are the key drivers for the growth of the neuromodulation market. According to a study released in January 2018 titled "Incidence and Prevalence of Major Neurologic Disorders," 36 percent of the elderly in the United States had moderate or severe memory impairment. Nearly 1.2 million persons are diagnosed with brain illnesses each year, with stroke accounting for 51.3 percent and Alzheimer's disease accounting for 21%. Restraints such as a scarcity of educated healthcare professionals and strict approval processes, on the other hand, are projected to stymie the market.

The report has profiled fifteen key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for future hot spot in APAC region.
Global Neuromodulation Market Segment Analysis:

The Global Neuromodulation Market is segmented on the basis of Technology and Application.

Based on Technology, the Spinal Cord Stimulation (SCS) segment is expected to dominate the global market. Spinal cord stimulation is the method of numbing/reducing chronic pain by sending a constant low voltage electric current via the spinal cord (SCS). The SCS devices have been approved by the FDA and are the most extensively used neurostimulation procedures worldwide. The "Low-dose, Recharge-free Spinal Cord Stimulation System" for patients with chronic pain was approved by the US FDA (Food and Drug Administration) in 2019. There are three sorts of these devices: rechargeable, conventional, and radiofrequency systems. Nerve injury, arachnoiditis, failed-back surgery syndrome, neuropathy, complicated regional pain syndrome, and neuritis are all treated by SCS. SCS has some drawbacks, including overstimulation, intermittent stimulation, lead dispositioning, and device malfunctions, in addition to its benefits and effectiveness. The benefits of the SCS, on the other hand, outweigh the drawbacks, driving the segment's growth over the forecast period.

Global Neuromodulation Market

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Global Neuromodulation Market Regional Insights:

Global Neuromodulation Market 1
North America dominates the global market.

The total Neuromodulation market was dominated by North America, with the United States accounted for the largest share in 2019. Over the forecast period, the presence of key market players and large pharmaceutical and biopharmaceutical industries, together with increased investments in the country for the adoption of innovative technologies, is expected to promote regional market growth. Europe holds the second-largest market share. Because of the rising population, changing lifestyles, and government initiatives to educate people about neurological illnesses and treatments, the Asia-Pacific area is predicted to develop at the quickest rate.

The report also helps in understanding Global Neuromodulation Market dynamics, structure by analyzing the market segments and project the Global Neuromodulation Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Neuromodulation Market make the report investor’s guide.

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Global Neuromodulation Market Scope: Inquire before buying

Global Neuromodulation Market 2
Global Neuromodulation Market, By Region:

• North America
• Europe
• South America
• MEA
• APAC
Global Neuromodulation Market, Key players:

• Medtronic
• Boston Scientific Corporation
• LivaNova
• Synapse Biomedical, Inc.
• Nevro Corporation
• NeuroSigma
• NeuroPace
• Neuronetics
• BioControl Medical
• Abbott Laboratories
• Aleva Neurotherapeutics SA
• Bioness Inc.
• EnteroMedics, Inc.
• St. Jude Medical, Inc.
• Soterix Medical, Inc.

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