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Neuromodulation Market by Technology  & by Application  - Trends & Global Forecast to 2020

Neuromodulation Market: Global Forecast until 2020

  • July 2015
  • 159 pages
  • ID: 3090191
In this report:
The global neuromodulation market is expected to grow at a CAGR of ##.##% during the forecast period, to reach $##.## billion by 2020 from an estimated $##.## billion in 2015.
The global internal neuromodulation segment is poised to reach $##,##.## million by 2020 from $##,##.## million in 2015, and is expected to grow at a CAGR of ##.##% from 2015 to 2020.

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Over the years, the overall healthcare sector has witnessed a paradigm shift, and is now increasingly focused on minimally invasive therapies that not only treats a wide range of chronic and refractory disorders but also have fewer side effects. The industry demand for neuromodulation has increased significantly, as a result of patients' preference for minimally invasive surgeries. Furthermore, these therapies are reversible, which allows physicians to cease treatment, as and when required by removing the stimulating devices.

Established on technology, the internal neuromodulation segment is anticipated to be the biggest and quickest-increasing component segment in 2015. In internal neuromodulation category, spinal cord stimulation segment is forecasted to dominate the neuromodulation market in 2015. On the other hand, the deep brain stimulation segment is anticipated to grow at the highest CAGR (Compound annual growth rate) between 2015 and 2022. In the external neuromodulation category, the transcutaneous electrical nerve stimulation segment is anticipated to be the biggest segment in the neuromodulation market. Nevertheless, the transcranial magnetic stimulation segment has registered the highest compound annual growth rate (CAGR) during the outlook period.

North America continent is forecasted to account for the biggest share of the neuromodulation market, succeeded by Europe (EU), Asia Pacific (APAC), and rest of the world in 2015. In the next years, the neuromodulation market is anticipated to witness the more important increase rate in the Asian area, with emphasis on India (IN), China (CN), and Japan (JP). These countries are anticipated to growth incomes for the manufacturers of equipment and devices engaged in neuromodulation.

The overall neuromodulation market witnesses high-competitive intensity as there are different big and small companies with similar product offerings. These firms embrace different strategies (strategic agreements, alliances, mergers, collaborations, acquisitions, latest product launches, business development, geographical expansions, and acquisitions) to rise their market shares and establish a strong foothold in the overall neuromodulation market.

Why Purchasing This Study Can Help You:

The market research will increase both established firms as well as new entrants/smaller companies to measure the pulse of the sector, which in turn benefits firms, collect a larger market share. Companies obtaining the industry report could use any one or an aggregation of the below-mentioned five strategies (sector entry, product improvement/innovative projects, sector development, business diversification, and opposing assessment) for strengthening their market shares.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on the product types provided by key players in the neuromodulation market. The analysis examines the neuromodulation market by technology and application

- Product improvement/Innovative products: In-depth understanding on the next technologies, analysis and growth activities, and recent product launches in the neuromodulation market

- Industry development: Highlighted information about the profitable emerging sectors. The market research examines the industries for different neuromodulation technologies across localities

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the neuromodulation market

- Opposing assessment: Detailed assessment of market shares, strategies, products, distribution networks, and manufacturing competences of key players in the neuromodulation market

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