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Global Neuroprosthetics Market to Grow at a CAGR of 7.08% During 2014-2019; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Neuroprosthetics Market 2015-2019 - Industry research report” research report to their website


Lewes, DE -- (SBWIRE) -- 10/06/2015 -- Report forecast the global neuroprosthetics market to grow at a CAGR of 7.08% over the period 2014-2019.

Neuroprosthetics are implantable devices designed by combining neuroscience and biomedical engineering. These artificial implantable devices provide electrical stimulation that improves the functionality of a diseased nervous system. These devices either are implanted inside the body or can be worn externally. These are used either to replace a lost function of the body such as cognitive ability or to treat neurological conditions such as depression, chronic pain, epilepsy, or spinal cord injuries. Based on application, neuroprosthetics are segmented into cognitive devices and neuromodulation devices. Based on technology, neuroprosthetics are segmented into SCS system, DBS system, SNS system, VNS system, and others.

The report covers the current scenario and the growth prospects of the global neuroprosthetics market for the period 2015-2019. To calculate the market size, we consider revenue generated from the sales of cochlear implants and neuromodulators.

Based on application, the market is segmented into the following:
- Cognitive devices (cochlear implants)
- Neuromodulation devices

Based on technology, the market is segmented into the following:
- SCS system
- DBS system
- SNS system
- VNS system
- Others (transcranial magnetic stimulation, peripheral nerve stimulation, gastric electrical stimulation, diaphragm pacing, lower esophageal sphincter stimulation, and cortical stimulation systems)

Global Neuroprosthetics Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the global neuroprosthetics market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

According to the report, individuals with chronic pain, epilepsy, Parkinson's disease, and depression prefer first-line treatment options such as meditation, physiotherapy, and drugs. However, people with these diseases may develop resistance to drugs, resulting in the ineffectiveness of first-line treatment options. In these cases, people opt for neuroprosthetic devices as a second-line treatment option. These devices have many advantages over first-line treatment options.

Key regions
- Americas

Key players in the Global Neuroprosthetics Marke: Boston Scientific, Medtronic, St. Jude Medical, Cochlear Ltd. and Sonova Holding.

Other Prominent Vendors in the market are: Aleva Neuroprosthetics, Atrotech, Autonomic Technologies, BrainGate, electroCore, Mainstay Medical, Med-EL, NeuroPace, Nevro, Soterix Medical, and Oticon Medical.

Key market driver
- Growing prevalence of neurological disorder
- For a full, detailed list, view our report

Key market challenge
- Battery lifetime
- For a full, detailed list, view our report

Key market trend
- Overseas expansion
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 78 pages "Global Neuroprosthetics Market 2015-2019 - Industry research report" report covers Executive Summary, Scope of the Report, Market Research Methodology, Introduction, Reimbursement for neuroprosthetics, Emerging technologies in neuroprosthetics, Recent market approvals, Market landscape, Market segmentation by application, Global cognitive devices market, Global neuromodulation devices market, Market segmentation by technology, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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