DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/n9wdms/global_market) has announced the addition of the "Global Market Study on Neurostimulation Devices: Deep Brain Stimulation Devices to Witness Highest Growth by 2020" report to their offering.
The global neurostimulation devices market is anticipated to grow from an estimated US$ 5,088.9 Mn in 2014 to US$ 10,445.7 Mn by 2020 at a CAGR of 12.7% during the forecast period.
The global neurostimulation devices market is witnessing significant growth due to increasing prevalence of chronic pain and rising incidences of neurological diseases. Moreover, rising awareness about various neurological diseases, growing geriatric population, and increasing investments in research and development of innovative neurostimulation devices are the other factors driving the market. However, availability of alternative treatment therapies for neurological diseases and side-effects of neurostimulation therapy inhibits the growth of the market.
North America is the largest market, while Asia Pacific represents the fastest-growing market for neurostimulation devices. Spinal cord stimulation (SCS) represents the largest segment, while deep brain stimulation (DBS) is the fastest-growing implantable neurostimulation device sub-segment in the market. Transcutaneous electrical nerve stimulation (TENS) is the largest and fastest-growing external device sub-segment in the market. In terms of application, pain management represents the largest and fastest-growing application segment in the neurostimulation devices market.
The neurostimulation devices market in North America is anticipated to grow from an estimated US$ 2,449.9 Mn in 2014 to US$ 4,892.9 Mn by 2020 at a CAGR of 12.2% during the forecast period.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Market Synopsis
Chapter 3 Porter's Five Forces Analysis
Chapter 4 Industry Overview
Chapter 5 Global Market Size and Forecast
Chapter 6 Market Size and Forecast, by Device Type
Chapter 7 Market Size and Forecast, by Implantable Devices
Chapter 8 Market Size and Forecast, by External Devices
Chapter 9 Market Size and Forecast, by Application
Chapter 10 Market Size and Forecast, by Geography
Chapter 11 Competitive Scenario
Chapter 12 Company Profiles
- Boston Scientific Corporation
- Cochlear, Ltd.
- Cyberonics, Inc.
- MED-EL
- Medtronic plc
- NDI Medical, LLC
- NeuroPace, Inc.
- NeuroSigma, Inc.
- St. Jude Medical, Inc.
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