External Neurostimulation Device Market

External Neurostimulation Device Market to Witness Huge Growth at CAGR +12% from 2021-2027| Abbott Laboratories, Aleva neurotherapeutics SA, Boston scientific corporation

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Neurological disorders such as Alzheimer’s disease, Parkinson’s disease, epilepsy, and cerebrovascular diseases affect the central nervous system (CNS) and peripheral nervous system (PNS) of the human body.

To manage these neurological disorders, neurostimulation technique plays a vital role. The electrodes in the devices generate mild electrical impulses to supplement the neurological activities in the patients. These devices are can be implanted or can be external. Neurostimulation devices are directly placed within the brain, PNS or CNS.

External Neurostimulation Device Market size was valued at $4,387.50 million in 2021 and is projected to reach $11,257.38 million by 2027, registering a CAGR of +12% from 2021 to 2027.

The factors such as rise in prevalence of lifestyle diseases such as depression and chronic pain, increase in number of neurological disorders, and investment for neurological R&D drive the growth of the global neurostimulation devices market. Moreover, rise in demand for minimal invasive surgery, adoption of technologically advanced products, and surge in aging population also propel the growth of the market as they are more susceptible to neurological disorders, such as Epilepsy, Parkinson’s disease, Alzheimer’s disease, and chronic pain.

However, side effects such as allergic reaction and tingling or prickling of the skin due to implantation of neurostimulation device into the body and increase in cost of devices are expected to restrain the growth of the market.

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Key Players

Abbott Laboratories, Aleva neurotherapeutics SA, Boston scientific corporation, ElectroCore Inc., EndoStim Inc., Medtronic plc, NeuroPace Inc., Nevro Corporation, Neuronetics Inc., NeuroSigma, Inc., and Synapse Biomedical Inc.

Key Points of External Neurostimulation Device Market Report:

-Comprehensive assessment of all opportunities and risk in the External Neurostimulation Device market.

-External Neurostimulation Device market recent innovations and major events.

-Detailed study of business strategies for growth of the External Neurostimulation Device market-leading players.

-Conclusive study about the growth plot of External Neurostimulation Device market for forthcoming years.

-Favorable impression inside vital technological and market latest trends striking the External Neurostimulation Device market.

 Major Factors Coved in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global External Neurostimulation Device Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyse the growth of the key players operating in the market.

Market Segmentation

By Device Type

  • Spinal Cord Stimulators
  • Deep Brain Stimulators
  • Sacral Nerve Stimulators
  • Vagus Nerve Stimulators
  • Others

By Application

  • Pain Management
  • Hearing Loss
  • Urinary Incontinence
  • Parkinson’s Disease
  • Epilepsy
  • Others

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Impact of COVID-19 on External Neurostimulation Device Market

All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report.

Regional Analysis:

  • North America (The United States, Canada, and Mexico)
  • Europe (Germany, France, UK, Russia, and Italy)
  • Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
  • South America (Brazil, Argentina, Colombia, etc.)
  • The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Table of Contents

Report Overview: It includes major players of the global External Neurostimulation Device Market covered in the research study, research scope, and Market segments by type, market segments by application, years considered for the research study, and objectives of the report.

Global Growth Trends: This section focuses on industry trends where market drivers and top market trends are shed light upon. It also provides growth rates of key producers operating in the global External Neurostimulation Device Market. Furthermore, it offers production and capacity analysis where marketing pricing trends, capacity, production, and production value of the global External Neurostimulation Device Market are discussed.

Market Share by Manufacturers: Here, the report provides details about revenue by manufacturers, production and capacity by manufacturers, price by manufacturers, expansion plans, mergers and acquisitions, and products, market entry dates, distribution, and market areas of key manufacturers.

Market Size by Type: This section concentrates on product type segments where production value market share, price, and production market share by product type are discussed.

Market Size by Application: Besides an overview of the global External Neurostimulation Device Market by application, it gives a study on the consumption in the global External Neurostimulation Device Market by application.

Production by Region: Here, the production value growth rate, production growth rate, import and export, and key players of each regional market are provided.

Consumption by Region: This section provides information on the consumption in each regional market studied in the report. The consumption is discussed on the basis of country, application, and product type.

Company Profiles: Almost all leading players of the global External Neurostimulation Device Market are profiled in this section. The analysts have provided information about their recent developments in the global External Neurostimulation Device Market, products, revenue, production, business, and company.

Value Chain and Sales Analysis: It deeply analyzes customers, distributors, sales channels, and value chain of the global External Neurostimulation Device Market.

Key Findings: This section gives a quick look at important findings of the research study.

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