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nGrowing Geriatric Population Base and Rising Incidences of Target Diseases the Major Drivers of Neurostimulation Devices market

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Neurostimulation Devices Market Share, Size, Analysis, Growth,

Trends and Forecasts to 2020 | Hexa Research

“Neurostimulation Devices Market, With CAGR Of

14.2% from 2013 to 2020, Set To Witness Robust

Growth, Emerging Economies Expected To

Generate Significant Demand”

A recent study by Hexa Research revealed that limited range of treatment choices relating to medical

conditions like epilepsy, Alzheimer’s disease, Parkinson’s disease, migraine headaches, etc. is one of the key

drivers of the global Neurostimulation Devices Market. An upcoming application area is the use of

neurostimulation devices for therapeutic purposes, commonly referred to as neuromodulation. The

neurostimulation devices market is benefitting from technological advancements like the transdermal

neuromodulation technology by Neurowave Medical Technologies and MRI safety-enabled devices by

Medtronics, Inc. Rising elderly populace - a high risk demographic for Parkinson’s and Alzheimer’s, is also

driving market growth. Accelerated demand for neurostimulation devices in the future years is expected to

result from untapped market opportunities in emerging economies of Asia as well as Latin America and the

growing number of externally funded clinical programs for development of new products.

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Hexa Research identifies spinal cord stimulation devices, vagus nerve stimulation devices, gastric electric

stimulation devices, deep brain stimulation devices, and sacral nerve stimulation devices to be the key

product segments in the neurostimulation devices market. Spinal cord stimulation devices, with a

contribution of more than half to the total revenues, were the dominant product segment in 2012.

Pain management proved to be the largest application of neurostimulation devices in 2012 and contributed

more than 65% to the total demand that year. This was chiefly due to high incidence of conditions

characterized by chronic pain and notable therapeutic effects offered by neurostimulation devices.

While North America contributed around 64% to the total revenues in 2012, Asia Pacific is likely to grow the

fastest in future. Fast-developing economies like India and China will result in the Asia Pacific

neurostimulation devices market growing at CAGR higher than 16% from 2013 to 2020.

Hexa Research observes that the neurostimulation devices industry exhibits outsourcing of expensive

manufacturing activities. This enables industry participants to achieve cost efficiency and better profitability.

Key industry players include Boston Scientific Corporation, Cyberonics, Medtronic Inc., and St. Jude Medical.

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Table of Contents

Chapter 1. Executive Summary

1.1. Neurostimulation Devices – Industry Summary and Critical Success Factors (CSFs)

Chapter 2. Neurostimulation devices Industry Outlook

2.1. Market Segmentation

2.2. Market Size and Growth Prospects

2.3. Neurostimulation devices Market Dynamics

2.4. Key Opportunities Prioritized

2.5. Industry Analysis - Porter's

2.6. Neurostimulation Devices - Company Market Share Analysis

2.7. Neurostimulation Devices Market PESTEL Analysis, 2012

Chapter 3. Neurostimulation Devices Product Outlook

3.1. Deep Brain Stimulation Device

3.2. Gastric Electric Stimulation Device

3.3. Spinal Cord Stimulation Device

3.4. Sacral Nerve Stimulation Device

3.5. Vagus Nerve Stimulation Device

Chapter 4. Neurostimulation Devices Application Outlook

4.1. Pain Management

4.2. Epilepsy

4.3. Essential Tremor

4.4. Urinary and Fecal Incontinence

4.5. Depression

4.6. Dystonia

4.7. Gastroparesis

4.8. Parkinson's Disease

4.9. Others

Chapter 5. Neurostimulation Devices Regional Outlook

5.1. North America

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5.2. Europe

5.3. Asia Pacific

5.4. RoW

Chapter 6. Competitive Landscape

6.1. Revenue Analysis

6.2. Product Benchmarking

6.3. Strategic Development

Chapter 7. Methodology and Scope

7.1. Research Methodology

7.2. Research Scope & Assumption

7.3. List of Data Sources

Companies Analyzed

Medtronic Inc.

Codman and Shurtleff Inc.

CervelNeurotech, Inc.

Cyberonics Inc.

Integra Life Sciences

St. Jude Medical

Nevro Corporation

Boston Scientific Corporation

Uroplasty Inc.

Neuronetics, Inc.

IntraPace Inc.

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About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research

and consulting services to a host of key industries across the globe. We offer comprehensive business

intelligence in the form of industry reports which help our clients obtain clarity about their business

environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075


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