Visongain forecasts that ‘Global Neuromodulation Devices Market Set To Grow To $8.08n By 2023’

31 July 2018
Pharma

Visiongain’ has launched a new pharma report Global Neuromodulation Devices Report 2018-2028: Deep Brain Stimulation (DBS), Spinal Cord Stimulation (SCS), Vagus Nerve Stimulation (VNS), Sacral Nerve Stimulation (SNS), Gastric Electrical Stimulation (GES), Other Applications

Neuromodulation is one of the fastest growing sectors in the medical devices market for the potential it has as being a relatively non-invasive and cost-effective way of treating debilitating illnesses. This potential remains, yet, unexploited. Growing research into new forms of neuromodulation and the ways it can be applied to different illnesses will drive this market. This is because the techniques not only treat the symptoms of illnesses such as chronic pain, but also provides an effective alternative to drug-based medication that might cause severe side-effects or lead to drug dependence.

The lead analyst of the report commented “The growth in the neuromodulation devices market is mainly driven by ageing population and the increasing prevalence of age-related conditions and chronic diseases. Continuous research and development will lead to more applications with an increasing trend for more-personalised healthcare.

Treatment options will become more tailored to meeting the needs of individual patients, leading to the development of better diagnostic techniques. As the markets in developed countries mature, emerging markets will continue to drive the growth of the industry, as a result of increased healthcare spending.”

Leading companies featured in the report include Medtronic, Boston Scientific, St Jude Medical (Abbott), Cyberonics (LivaNova), Stryker Corporation, Nevro Corp., SetPoint Medical, Functional Neuromodulation, Neurotherapies Reset, Wringless Implantable Stretchable Electronics (WISE), SceneRay, Mindray

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 20 7549 9987
About visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports cusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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