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Neurostimulation Devices Market - Industry Analysis, Size, Share, Growth, Trends and Forecast to 2025

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Neurostimulation is therapy used for treatment and diagnosis of disorders of the nervous system. Neurostimulation devices include implantable and non-implantable devices, which deliver chemical, electrical or other agents that reversibly modify nerv
NEUROSTIMULATION DEVICES
MARKET
Global Industry Insights, Trends, Outlook, and
Opportunity Analysis, 2016–2025
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REPORT DESCRIPTION
Neurostimulation Devices Market Overview
Neurostimulation is therapy used for treatment and diagnosis of disorders of the nervous
system. Neurostimulation devices include implantable and non-implantable devices, which
deliver chemical, electrical or other agents that reversibly modify nerve cell activity and brain
cells. Certain diseases do not respond or react to drug therapies; in such cases advanced
neurostimulation devices are used as part of the treatment. Neurostimulation devices are
surgically inserted into the patient organs and are controlled with the help of thin wires and
leads.
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Neurostimulation is used to reduce chronic pains associated with conditions such as Parkinson’s
disease, epilepsy, nociceptive pain, neuropathic pain, and depression. It helps improve quality of
life of patients suffering from paralysis, obesity, and severe loss of sensory organs.
Neurostimulation devices is a key element used in neural prosthetics for artificial vision, artificial
limbs, hearing aids, and many more. Neurostimulator is the best therapeutic solution for pain
associated with failed back surgery and diabetic neuropathy.
As per the data published by European Brain Council, worldwide around 6.3 million people were
living with Parkinson’s disease in 2015 and the number is expected to increase steadily in the
near future.
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REPORT DESCRIPTION
Neurostimulation devices market taxonomy:
Global Neurostimulation Devices Market by Type of Device
• Deep Brain Stimulators
• Gastric Electric Stimulators
• Sacral Nerve Stimulators
• Vagus Nerve Stimulators
• Spinal Cord Stimulators
• Others
Global Neurostimulation Devices Market by Application
• Parkinson's Disease
• Depression
• Essential Tremor
• Urinary and Fecal Incontinence
• Gastroparesis
• Others
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Increase in the prevalence of diseases such as Parkinson’s disease (PD) expected to lead the growth
of neurostimulation devices market
According to national institutes of health (NIH), around 50,000 people were suffering from Parkinson
disease (PD) in the U.S. each year about half of a million people have the disease. North America
account for the largest market for neurostimulation devices and is expected to retain its dominance
through the forecast period. This is mainly attributed to high patient awareness level and high
healthcare spending in the region. Asia Pacific is projected to be the fastest growing market, mainly
due to high prevalence of PD in countries such as India and China.
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Essential Tremor (ET) leads to action tremor, with prevalence rate of up to 10% in the US. It is
reported that 85% of the patient lifestyle is affected by this disease. This inadvertently creates a
highly conducive environment for growth of the neurostimulation devices market.
On the basis of end user, the Global Neurostimulation Devices Market is classified into the
following:
• Hospitals
• Rehabilitation Centers
• Medical Clinic
Some of the major players in neurostimulation devices market are Virtual Medical Centre Inc
Neurosigma, Boston Scientific Corporation, St. Jude Medical Inc., NDI Medical, electroCore LLC,
Electro Medics, Endostim Inc., and NeuroPace, Inc.
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