The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

North America held the largest neurostimulation devices market share.

The global neurostimulation devices market is expected to grow from $5.69 billion in 2022 to $6.28 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The neurostimulation devices market size is expected to grow to $9.04 billion in 2027 at a CAGR of 9.5%.

Major Driver In The Neurostimulation Devices Market ­– Rise In Geriatric Population Across The Globe
According to the globe Health Organisation, 1 billion people in the globe will be 65 or older by 2020. By 2030, the population is predicted to exceed 1.4 billion, and 2.1 billion by 2050.

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Key Neurostimulation Devices Market Segments
1) By Product: Implantable Devices, External Devices
2) By Application: Pain Management, Epilepsy, Essential Tremor, Urinary and Fecal Incontinence, Depression, Dystonia, Gastroparesis, Parkinson’s Disease
3) By End User: Hospitals, Rehabilitation Centers, Medical Clinic
4) By Implantable Devices: Cochlear Implants, Deep Brain Stimulation, Spinal Cord Stimulation, Vagus Nerve Stimulation, Sacral Nerve Stimulation, Gastric Electric Stimulation 5) By External Devices: Transcranial Magnetic Stimulation (TMS), Transcutaneous Electrical Nerve Stimulation (TENS)

Recent Neurostimulation Devices Market Trend – Developing Treatment Of Various Neurological Disorders
Neurostimulation devices are being developed in such a way that they cause minimal invasion during neurological treatments. Deep Brain Stimulation (DBS), for example, is a less invasive surgical method used to treat neurological symptoms of Parkinson’s disease such as tremors, rigidity, and movement control. DBS employs a neurostimulation device, similar to a pacemaker, to deliver electrical pulses to a highly specific spot in the brain circuits that impact Parkinson’s disease symptoms. The DBS device’s electrical pulses inhibit the activation of these circuits, allowing the remainder of the brain to function normally.

Neurostimulation Devices Market Prominent Players
Major players in the neurostimulation devices market are Medtronic, Cyberonics, Boston Scientific Corporation, St. Jude Medical, Nevro Corporation, Neuronetics Inc., NeuroPace Inc., NeuroSigma Inc., Cochlear Ltd., and NDI Medical.

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The Neurostimulation Devices Global Market Report 2023  provides a comprehensive overview on the neurostimulation devices market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the neurostimulation devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Neurostimulation devices are implantable and programmable medical devices that provide low-voltage electricity to a specific nerve or target in the spinal cord or brain in order to influence neuronal processes. In situations such as neuropathic pain, chronic pain, and serious treatment-resistant depression, this method is utilised to treat or modify motor functioning. Parkinson’s disease, epilepsy, incontinence, gastroparesis, and essential tremor are all examples of neurological disorders.

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