Neurostimulation devices market statistics and research analysis released in latest report

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 A research study conducted by Global Market Insights, Inc., suggests that Neurostimulation Devices market is likely to exceed the $22 billion mark by 2026, in terms of revenue. Robust development in neurostimulation technologies is likely to spur neurostimulation devices market share as these technologies have been providing relief to patients affected by debilitating neurologic disorders.


Investment in emerging technologies is likely to unfold lucrative growth opportunities with stakeholders vying to expand their footprints. Leading manufacturers are infusing funds in R&D activities to introduce sophisticated products, including implantable neurostimulation devices.


Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/436


With an upsurge in spinal cord injuries, traction for spinal cord stimulator will potentially witness an upswing across the globe. According to The National Spinal Cord Injury Database, there are around 54 cases per one million people in the U.S., which translates into 17,810 new spinal cord injuries cases each year.


Spinal cord stimulators are gaining traction in light of surge in the number of minimally invasive procedures. A notable spike in the number of individuals suffering from chronic back pain has further triggered the growth of spinal cord stimulators. Spinal cord stimulators segment is poised to expand at a CAGR of around 12% through 2026.


Production of deep brain stimulators has surged in recent years following its trend in treating Parkinson’s disease. Deep brain stimulators will be highly desirable to treat psychiatric conditions, dystonia and Parkinson’s disease. 


There has also been an upsurge in Parkinson’s disease that has furthered the use of neurostimulation devices. The Parkinson’s disease portfolio accounted for approximately 7% market share in 2019, an upsurge is projected in the next five years. According to the Parkinson’s Foundation, around 60,000 Americans are diagnosed with Parkinson’s disease every year. Rampant Parkinson’s disease is likely to augur well for the stakeholders eyeing to expand their penetration in the untapped areas.


Browse key industry insights spread across 122 pages with 165 market data tables & 12 figures & charts from the report, “Neurostimulation Devices Market Size, By Product (Deep Brain Stimulators, Gastric Electric Stimulators, Spinal Cord Stimulators, Sacral Nerve Stimulators, Vagus Nerve Stimulators), By Application (Pain Management, Epilepsy, Essential Tremor, Urinary and Fecal Incontinence, Depression, Dystonia, Gastroparesis, Parkinson’s Disease), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/neurostimulation-devices-market-report


About Global Market Insights:


Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.


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Global Market Insights, Inc.

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