The Neurostimulation Devices Market To Grow On A Transitional Note Going Forward

1. The Neurostimulation Devices Market To Grow On A Transitional Note Going Forward The Neurostimulation Devices Market is expected to grow at a stupendous rate in the next 10 years. The healthcare industry is being driven by innovation. The very idea of “Customer is the King” is being implemented. As such, healthcare IT solutions come across as a meticulous and complex system that constitutes interconnected and large- scale systems wherein micros are being worked upon. These would be the facets of the healthcare vertical going forward. According to a new market report published by Persistence Market Research “Global Market Study on Neurostimulation Devices – Deep Brain Stimulation Devices to Witness Highest Growth by 2020,” the globalneurostimulation devices market was valued at US$ 5,088.9 Mn in 2014 and is expected to grow at a CAGR of 12.7% from 2014 to 2020, to reach US$ 10,445.7 Mn by 2020. Neurostimulation technology involves the use of microelectrodes to activate elements of the nervous system. It involves the use of a neurostimulation device – a battery-powered stopwatch-sized device – which is surgically implanted in the brain and delivers electric signals at scheduled time intervals to the nervous system. These electric signals develop tingling sensations (paresthesia) in the damaged nerve and helps chronic pain and neurological disorders. In chronic pain conditions, these electric signals block the pain messages from the damaged nerve from reaching the brain. Get Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/2824 Some of the major players in the neurostimulation devices market: Medtronic plc, St. Jude Medical, Inc. Boston Scientific Corporation. Cyberonics, Inc. Cochlear, Ltd. NDI Medical, LLC. NeuroPace, Inc. MED-EL. NeuroSigma, Inc. Other.          These devices are gaining importance in the management of chronic conditions such neuropathic pain, nociceptive pain, Parkinson’s disease, epilepsy, and depression. Neuropathic pain occurs due to nerve damage, while nociceptive pain arises from diseases such as diabetes, cancer, and arthritis. These devices are mostly used in cases where systemic drug therapies are not effective. The global neurostimulation devices market is witnessing significant growth due to increasing prevalence of chronic pain and rising incidences of neurological diseases. Moreover, rising awareness about various neurological diseases, growing geriatric population, and increasing investments in research and development of innovative neurostimulation devices are also driving the market. Request for Methodologyhttps://www.persistencemarketresearch.com/methodology/2824

2. In North America, the neurostimulation devices market is growing due to increasing incidence of neurological diseases such as Alzheimer and Parkinson’s disease. Moreover, initiatives taken by various government and private associations for increasing awareness about various chronic pain and neurological disorders and rising investments in the research and development of novel neurostimulation devices in North America is driving the market in the region. The neurostimulation devices market in Europe is growing due to initiatives taken by various governments to improve healthcare facilities in the region. Furthermore, increasing incidences of chronic pain and neurological diseases and growing aging population are also boosting the growth of the Europe neurostimulation devices market. According to WHO, every year, neurological disorders affect one-third of the population in Europe, and approximately 1% to 2% of the population is diagnosed with psychotic disorders. According to the NHS England – a government organization primarily involved in the improvement of healthcare services in England – approximately 8 million people suffered from chronic pain in the U.K. in 2010, and the number reached 14 million in 2012. Asia Pacific represents the fastest-growing region in the neurostimulation devices market. This is primarily due to growing aging population in various countries such as India and China. According to the National Institutes of Health (NIH) – an organization involved in biomedical and health related research activities – approximately 110 million people in China were aged 65 years and above in 2011 and the number is expected to reach 330 million by 2050. In India, approximately 60 million people were aged 65 years and above in 2011 and the number is expected to reach 227 million by 2050. Access Full Report@ https://www.persistencemarketresearch.com/checkout/2824 The global neurostimulation devices market is segmented as follows: By device type Implantable device External device   By implantable devices Spinal cord stimulation (SCS) Deep brain stimulation (DBS) Sacral nerve stimulation (SNS) Vagus nerve stimulation (VNS) Cochlear implants (CI) Gastric electric stimulation (GES) Others        By external devices Transcutaneous electrical nerve stimulation (TENS) Transcranial magnetic stimulation (TMS) Others   

3. By application Pain management Parkinson’s disease Urinary and fecal incontinence Epilepsy Hearing loss Gastroparesis Depression Others         By geography North America Europe Asia Pacific Rest of the World (RoW)     About Us: Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein. Contact Us: Persistence Market Research Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States U.S. Ph. – +1-646-568-7751 USA-Canada Toll-free – +1 800-961-0353 Sales– sales@persistencemarketresearch.com Website– https://www.persistencemarketresearch.com