Selbyville, Delaware. Market Study Report LLC: A comprehensive research study on Neuromodulation market added by Market Study Report LLC provides insights into the market size and growth trends of this industry over the forecast timeline. The study evaluates key aspects of Neuromodulation market in terms of the demand landscape, driving factors and growth strategies adopted by market players.
Global Neuromodulation Market is valued approximately at USD 8.1 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 13.1% over the forecast period 2020-2027.
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Neuromodulation is an intracranial and electrical therapy which has been approved by the Food and Drug Administration (FDA) for the treatment of the neurological diseases. Some common diseases that can be cured through neuromodulation therapy are spinal cord injury, tremors, chronic pain, minimally conscious state, bladder control, and stroke, which are usually found in the geriatric population. The proven effectiveness and enhancing acceptance of this therapy across a range of neurological disorders is expected to surge the market growth during the forecast period. As per the study of Global Burden of Disease 2015, the prevalence of Parkinson’s diseases was reported to be around 6.2 million people worldwide and it would reach approximately 13 million people with Parkinson’s by the year 2040. Also, Parkinson’s Disease Foundation reveals that nearly 60,000 Americans are diagnosed with Parkinson’s disease every year.
Neuromodulation Market Breakdown Data by Companies
- Abbott Laboratories
- Boston Scientific Corporation
- Medtronic PLC
- Nevro Corporation
- Neuropace Inc.
- Neurosigma Inc.
- Neuronetics Inc.
- LivaNova PLC
- Synapse Biomedical Inc.
Neuromodulation Market outlook:
In the aviation industry, noise-cancelling headphones raise the signal-to-noise ratio considerably over passive noise headphones, making hearing a vital information easier. Increasing penetration of smartphone, rising adoption of advanced sound and audio technology for product enhancement and changing consumer preference towards headphones that offer higher audio quality are few factors responsible for high CAGR of the market over the forecast period. For instance, as per the CISCO Annual Internet Report, the total number of mobile subscribers will increase to 5.7 billion by 2023, an increase of almost 2.25% from 2018 which holds almost 5.1 billion mobile subscribers.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market.
Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
- Internal Neuromodulation
- External Neuromodulation
- Parkinson’s Disease
- Pain Management
At the end, Neuromodulation Market Report delivers a conclusion which includes Research Findings, Market Size Evaluation, Global Market Share, Consumer Needs along with Customer Preference Change, Data Source. These factors will raise the growth of the business overall.
To access a sample copy or view this report in detail along with the table of contents, please click the link below:
Table of Content:
- Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.4. Key take-away
- Executive Summary
2.1. Market Definition
2.2. Market Segmentation
- Neuromodulation Market Insights
- Neuromodulation Market Size and Forecast by Type
- Neuromodulation Market Size and Forecast, by Component
- Neuromodulation Market Size and Forecast, by Environment
- Neuromodulation Market Size and Forecast, by End-User
- Neuromodulation Market Size and Forecast, by Region
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