Global
Internal Neuromodulation Devices Market, By Product (Spinal Cord
Stimulator, Deep Brain Stimulator, Vagus Nerve Stimulator, Sacral Nerve
Stimulator, Gastric Nerve Stimulator), By Lead Type (Percutaneous, Paddle
Lead), By Indication (Failed Back Surgery Syndrome, Parkinson’s disease,
Urinary Incontinence, Epilepsy, Gastroparesis), By Battery Type (Primary,
Rechargeable), By End-User (Hospitals, Clinics, Home Healthcare, Community
Healthcare), By Geography (North America, Europe, Asia-Pacific, Middle East and
Africa, South America, Rest of the World) – Trends and Forecast to 2024
The Global
Internal neuromodulation market is expected to reach USD 12.18 billion by 2024,
from 4.12 billion in 2016 growing at the CAGR of 14.5% in the forecast period
2017 to 2024.
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The Global Internal
Neuromodulation Devices Market is driven by the rising incidence of failed back
surgeries, Parkinson’s disease, urinary incontinence and other related
indications. Also the market is experiencing a rising surge of technological
advancements such as the new internal neuromodulation device from Enteromedics
for the treatment of obesity related disorders. The market is in its lag phase
very soon expected to enter the growth phase, due to major influx of market
players in the recent years.
Some of the major Companies operating
in the Global Internal Neuromodulation Devices Market are:
·
Medtronic
·
Boston Scientific Corporation
·
St. Jude Medical, Inc.
·
Nevro Corporation
·
Cyberonics, Inc.
·
Neuros Medical, Inc.
·
Inspire Medical Systems Inc.
·
StimGuard LLC
·
SPR Therapeutics LLC
·
Neuros Medical Inc.
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The Internal Neuromodulation
Devices Market is segmented into 5 product types Spinal Cord Stimulator, Deep
Brain Stimulator, Vagus Nerve Stimulator, Sacral Nerve Stimulator and Gastric
Nerve Stimulator.
The Spinal Cord Stimulator
segment dominates the internal neuromodulator devices market globally followed
by deep brain stimulator and vagus nerve stimulator.
The market is further
segmented based on indications of usage into Failed Back Surgery Syndrome,
Conditional Regional pain syndrome, Eschemia, Parkinson’s disease, Alzheimers,
Urinary Incontinence, Faecal Incontinenece, Epilepsy, Gastroparesis and others.
The product segments are further divided into rechargeable and primary battery
types also for spinal cord stimulators the market is divided into 2 lead types
percutaneous and paddle lead.
Based on geography the Global
Internal Neuromodulation Devices Market is segmented into 5
geographical regions, North America, Europe, Asia-Pacific, South America and
rest of the world. The geographical regions are further segmented into 24 major
countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium,
Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia,
South Africa and many others. North America is the largest market while
Asia-Pacific is the fastest growing market due to the large incidence of
Parkinson’s disease in the Asian countries like China. Europe is a developed
market with increasing demand for these devices due to good reimbursement scenarios
and medical tourisms in countries like Germany, Ireland, Netherlands and others.
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The
Global 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.
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