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Analysis of the U.S. Neurostimulation Market

  • January 2013
  • -
  • Frost & Sullivan
  • -
  • 194 pages

Summary

Table of Contents

This research service looks at the neurostimulation devices market in the United States. The market is expected to see many technology advancements in the next decade. Therefore, a thorough understanding of revenue forecasts, unit forecasts, technological advances, and pricing analyses are provided for the market’s various segments including: spinal cord stimulators, deep brain stimulators, vagus nerve stimulators, and sacral nerve stimulators. Furthermore, market engineering measurements, industry challenges, drivers, restraints, company profiling, product profiling, and technology trends are covered along with an analysis of the market’s highly competitive landscape. The base year is 2012; the forecast period extends through 2018.

Executive Summary
•The size of the total neurostimulation market was estimated to be $X million in 2012 and is projected to grow at a compound annual growth rate (CAGR) of X percent over the next seven years, to reach $X million in 2018.
•In 2012, the total revenue generated by sales of neurostimulator devices in the United States was estimated to represent X percent increase over 2011 revenue.
•Competitors generating the highest revenue in the U.S. neurostimulation market in 2012 were Medtronic, St. Jude Medical, Boston Scientific Corp., and Cyberonics. Together, they were estimated to contribute Xpercent of total market revenue.
•The Spinal Cord Stimulators (SCS) market is the largest neurostimulation segment, constituting X percent of the U.S. neurostimulation market and likely to grow at a significant CAGR of X per between 2012 and 2018.
•In 2012, the other neurostimulation segments, including Deep Brain Stimulators (DBS), Vagus Nerve Stimulators (VNS), and Sacral Nerve Stimulators (SNS), were estimated to contribute Xpercent, Xpercent, andXpercent respectively.
•In 2012, an estimated X neurostimulator implant procedures were performed in the United States.
•Neurostimulator implant procedures are projected to grow at a CAGR of X percent from 2012 to 2018, reaching X in 2018.
•The rising prevalence of diseases, growing demand for new alternative therapies to meet the demands of unmet clinical needs, and an aging baby-boomer population in the United States are likely to drive growth in the market.
•However, regulatory approvals and insurance reimbursement pose major challenges for neurostimulator manufacturers in the United States.
•Market participants may need to focus on developing disruptive technologies to further enhance the product or the technology adoption rate.

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