World Neuromodulation Market Assessed & Forecast in New RNCOS Study Available at MarketPublishers.com16 Nov 2015 • by Natalie Aster
LONDON – The neuromodulation/neurostimulation sector is poised to revolutionise the healthcare domain, amounting to USD 6.5 billion by end-2020. Neuromodulation directly impacts the body’s regulation systems by delivering electrical signals to target nerves. The therapy provides relief for patients from pain and associate drug side effects. The technology utilised is likely to replace traditional treatments for neurological conditions in the near term. Geography-wise, North America took the lead in the market, capturing 41% of the overall market as of 2014.
Furthermore, the industry growth is mainly being supported by the factors such as increasing incidences of Alzheimer’s and Parkinson’s syndromes, surging awareness, a booming ageing population, and expanding applications of neurostimulation devices. The major factors restraining the industry growth include slashing budgets of hospitals, decreasing reimbursements in health care, restricted access in rural hospitals, and lack of skilled professional staff. Medtronic was the leader in the market as of 2014, whilst Cyberonics saw the fastest CAGR in the market over the past 5 years. Other prominent players operating in the industry include Nevro, Boston Scientific and Dupoy Synthesis.
New research study “Global Neuromodulation Market 2020” created by RNCOS E-Services Pvt. Ltd (RNCOS) draws up an insightful picture of the neuromodulation market worldwide. The report presents extensive research into various types of neuromodulation procedures and their applications. It also segments the market based on geography. The research study provides comprehensive information on the market size, mergers and acquisitions, industry trends and developments, emerging markets, potential growth segments, major market drivers and hindrances facing the global neuromodulation industry. A deep analysis of the competitive landscape is included, with in-depth coverage of key players and their revenue growth over the past 5 years. The report also provides an outlook for the market development to 2020.
Global Neuromodulation Market 2020
Published: November, 2015
Price: US$ 2,000.00
More new reports by the publisher can be found at RNCOS page.