Learn about the global neurostimulation devices market through The Business Research Company, which provides information on neurostimulation devices market size, neurostimulation devices market drivers and restraints, neurostimulation devices market players, the COVID-19 impact on the neurostimulation devices market, and more.

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The global neurostimulation devices market is expected to grow from $5.77 billion in 2020 to $6.59 billion in 2021 at a compound annual growth rate (CAGR) of 14.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $9.92 billion in 2025 at a CAGR of 10.8%.

The rising geriatric population across the globe is expected to drive innovation in neurostimulation devices manufacturing, thus driving the market during the forecast period.

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The neurostimulation devices market consists of sales of surgically or externally placed neurostimulators and related services. The neurostimulation devices are designed to deliver electrical stimulation to specific parts of the patient’s brain, spinal cord, or peripheral nervous system for the treatment of various conditions such as chronic pain, movement disorders, epilepsy, and Parkinson’s disease. The neurostimulation devices include spinal cord stimulators, deep brain stimulators, sacral nerve stimulators, vagus nerve stimulators, and cortical stimulators.

Global Neurostimulation Devices Market Segments Include:

By Product: Implantable Devices, External Devices

By Application: Pain Management, Epilepsy, Essential Tremor, Urinary and Fecal Incontinence, Depression, Dystonia, Gastroparesis, Parkinson’s Disease

By End User: Hospitals, Rehabilitation Centers, Medical Clinic

By Implantable Devices: Cochlear Implants, Deep Brain Stimulation, Spinal Cord Stimulation, Vagus Nerve Stimulation, Sacral Nerve Stimulation, Gastric Electric Stimulation

By External Devices: Transcranial Magnetic Stimulation (TMS), Transcutaneous Electrical Nerve Stimulation (TENS)

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Minimally invasive treatments are being developed for the treatment of various neurological disorders. The neurostimulation devices are being innovated in a way to cause minimum invasion during the neurological treatments.

TBRC’s neurostimulation devices market report covers:

Major Market Players: Medtronic, Cyberonics, Boston Scientific Corporation, St. Jude Medical, Nevro Corporation.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Neurostimulation Devices Global Market Report 2021: COVID-19 Impact And Recovery to 2030 is one of a series of new reports from The Business Research Company that provides neurostimulation devices market overviews, analyses and forecasts market size, share, neurostimulation devices market players, neurostimulation devices market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s neurostimulation devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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