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Neurostimulation Devices Market, 2012 - 2017

  • May 2013
  • 123 pages
  • Roots Analysis Private Ltd.
Report ID: 1364217


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Neurostimulation devices are gaining acceptance as therapy alternative for certain chronic conditions such as pain. These devices have also found use in management of movement disorders including Parkinson’s disease and epilepsy. The currently available neurostimulators mainly focus on spinal cord stimulation (SCS), deep brain stimulation (DBS), vagus nerve stimulation (VNS) and sacral nerve stimulation (SNS).

The market is still niche, with limited number of devices available in the market. The 2012-2017 period will see the launch of several new devices, targeting new nerves of the nervous system and intending to manage new indications. Currently most of the available neurostimulation devices require surgical implantation as well as replacement surgeries after every few years. A number of companies are now focusing on the development of non-invasive transcutaneous or transdermal neurostimulation devices, which will drive the progressive growth in the market.

However, there are challenges to market entry for smaller companies, particularly due to market domination by few large medical device developers. This market model, however, did not deter the US based company Cyberonics from making its own niche in the VNS market, where it currently is the market leader. Smaller medical device companies with innovative technology have huge potential for growth in this yet unexplored market. Amongst other things, this report provides a detailed overview of the most promising pipeline technology and devices.

Scope of the Report
The Neurostimulation Devices Market report extensively examines various segments of the neurostimulation devices. In this report, we have identified the features of various devices, their benefits over conventional drug therapy while understanding the epidemiology of associated neurological diseases. The report focuses on analysing the existing market size and potential future growth of these devices across different segments and regions. We have also discussed the performance of leading players in the industry and the likely future developments driven by these companies.

The report highlights both the regional and global trends of the neurostimulation devices in the following key segments:
- Spinal Cord Stimulation (SCS)
- Deep Brain Stimulation (DBS)
- Vagus Nerve Stimulation (VNS)
- Sacral Nerve Stimulation (SNS)

A key objective of the report is to enumerate existing commercial neurostimulation devices, pipeline devices and the market potential of these devices across different geographical regions. The report discusses various historical / likely future trends which have emerged / likely to emerge in the US, European and Rest of the world (RoW) markets including Japan and China. The research, analysis and insights presented in this report include the sales of neurostimulation devices present in the above key segments only. It also provides an overview of developments in the market related to the awareness, benefits and acceptance of these devices.

The market forecasts across different segments, regions, companies have been presented till 2017. 2011 is the base year and actual figures have been taken, analysed from publicly available information. Unless otherwise specified, all figures are presented in USD.

While the leading commercial devices, companies and segments have been considered thoroughly, the report also provides details on the pipeline devices in various stages of clinical trials. In addition, it highlights information on the regulatory approvals (e.g. FDA and CE mark) for these devices in the US, Europe and other markets.

Key Highlights
1. The global neurostimulation devices market is likely to achieve sales of USD 6,533 MM by 2017, growing at a compounded annual growth rate (CAGR) of 17.9% from 2011 to 2017.
2. Spinal Cord Stimulation (SCS) accounted for 50.5% of the sales of the currently marketed neurostimulation devices in 2011. This segment will continue to be the largest segment in the neurostimulation devices market over the forecast period (2012 to 2017).
3. Deep Brain Stimulation (DBS) segment will be the fastest growing segment during the forecast period (2012-2017), primarily driven by expansion of indications targeted by this class of devices and unavailability of effective drugs for many of the targeted indications.
4. The overall market is dominated by four leading companies - Medtronic, St. Jude Medical, Boston Scientific and Cyberonics. Together these companies accounted for about 90% of the total market in 2011.
5. The US was the largest market for neurostimulation devices in 2011 and accounted for 81.9% of the total market in 2011.
6. The US was also the largest market for DBS devices, accounting more than 70% of the sales in 2011.
7. The high cost of therapy is a deterrent to market acceptance and gaining reimbursement for the devices will be an important milestone for the device developers.
8. A number of companies are developing non-invasive neurostimulation devices, which will help increase the adoption of these devices as treatment alternative.

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