JERSEY CITY, N.J., Feb. 11, 2021
Growing prevalence of neurological disorders and growing demand for minimally invasive technologies are boosting the growth of the Neurostimulation Devices Market
JERSEY CITY, N.J., Feb. 11, 2021 /PRNewswire/ -- Verified Market Research recently published a report, "Neurostimulation Devices Market" by Devices Type (Implantable Devices, Vagus Nerve Stimulators, Spinal Cord Stimulators, Deep Brain Stimulators, Gastric Electric Stimulators, Others, External Devices, Transcranial Magnetic Stimulation (TMS), Transcutaneous Electrical Nerve Stimulation (TENS) and others), by Application (Parkinson's disease, Epilepsy, Depression, Dystonia, Pain Management and Others), by Geography. According to Verified Market Research, the Global Neurostimulation Devices Market was valued at USD 11.61 Billion in 2020 and is projected to reach USD 27.73 Billion by 2028, growing at a CAGR of 11.5% from 2021 to 2028.
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Global Neurostimulation Devices Market Overview
The increasing geriatric population across the globe and the increasing prevalence of chronic diseases such as migraine and epilepsy are majorly boosting the growth of the Neurostimulation Devices Market. Neurostimulation Devices are used in the treatment of movement disorders, epilepsy, Parkinson's disease, chronic pain, and depression for therapeutic purposes. Additionally, the introduction of advanced technology in the healthcare sector is another factor contributing to the growth of the Neurostimulation Devices Market.
The major players in the market are Boston Scientific Corporation, St. Jude Medical, Inc., Cochlear, Ltd., Medtronic, Plc, NDI Medical, LLC, MED-EL., Cyberonics, Inc., NeuroSigma, Inc., NeuroPace, Inc..
Verified Market Research has segmented the Global Neurostimulation Devices Market On the basis of Devices Type, Application, and Geography.
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