Valley Cottage, NY -- (SBWIRE) -- 10/01/2015 -- Neurostimulation is used for the treatment of various debilitating conditions such as gastroparesis, incontinence, Parkinson's disease, epilepsy, depression and essential tremors. Neurostimulation is a highly potential treatment option for patients who do not obtain relief from medications and surgical therapies. It improves the quality of life of patients who are severely paralyzed or suffering from intense loss of various sense organs. Therefore, neurostimulation is highly instrumental in artificial vision, hearing aids, artificial limbs and other prosthetics.

The global neurostimulation market is analyzed based on the therapies in which neurostimulation systems are utilized.

This includes the following segments:

Deep brain stimulation (DBS)
Spinal cord stimulation (SCS)
Vagus nerve stimulation (VNS)
Sacral nerve stimulation (SNS)

Spinal cord stimulation therapy accounts for the largest share in the global neurostimulation market owing to the presence of a large number of SNS neurostimulators in treating diabetic neuropathy, pain, postherpetic neuralgia, ischemic limb pain and acute herpes zoster pain. Deep brain stimulators are currently approved for the treatment of neurological disorders such as Parkinson's disease, epilepsy, dystonia, obsessive-compulsive disorder (OCD), essential tremors and depression. However, extensive research and advancement in technology leading to new, exciting applications such as stroke, obesity, autism, sleep disorders and many others will expand the deep brain stimulator market at a faster pace.

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There is a rising need for devices with improved outcome, ability to pre-sense a neurological episode on-set, optimize the inter-device communication and better user interface. Developing technologies sufficing the treatment objective and market demand will lead to an increase in the demand for neurostimulation therapy and devices. Moreover, aging population driving rise in the incidence of neurological disorders such as Parkinson's disease, epilepsy, essential tremors and depression related disorders will lead to an increase in demand for neurostimulation. In addition, neurostimulation devices and systems are gaining acceptance for the treatment of chronic pain especially in the developing economies such as India, China, Brazil, Mexico and Russia. Furthermore, increase in FDA approvals for novel neurostimulators with new applications, will expedite the growth of the global neurostimulation market in the near future. However, lack of a reliable measuring systems which can provide the expected outcome of neurostimulation therapies is a major challenge for manufacturers. High cost of the therapy is a deterring factor for the neurostimulation market, which can be subsided by gaining reimbursement for such devices.

The neurostimulation market, currently, is strong in North America and Europe, but is experiencing faster growth in Asia-Pacific region, mainly across China, Brazil and India. Growth in the Asia-Pacific region will be mainly driven by increase in patient awareness and acceptance of neurostimulation as an alternative treatment for chronic pain and neurological disorders. Neurostimulation device manufacturing companies and their research affiliates are continuously working on developing novel devices and technologies which can enhance the therapeutic outcome of existing devices and simultaneously gain market advantage. The strategic approaches followed by these companies are focusing on creating new markets and increasing their existing market share.

The global neurological market is characterized by few dominating players which pose a challenge for the new entrants in the global neurostimulation market. The major players in the neurostimulation market include Boston Scientific Corporation, Cyberonics Inc., St. Jude Medical Inc., Medtronic Inc., NeuroPace Inc., and NeuroSigma, Inc.

This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.

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The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Historical Actual Market Size, 2012 - 2014
Market Size & Forecast 2015 to 2025
Supply & Demand Value Chain
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Market Drivers and Restraints

Regional analysis includes:

North America
US & Canada
Latin America
Brazil, Argentina & Others
Western Europe
EU5
Nordics
Benelux
Eastern Europe
Asia Pacific
Australia and New Zealand (ANZ)
Greater China
India
ASEAN
Rest of Asia Pacific
Japan
Middle East and Africa
GCC Countries
Other Middle East
North Africa
South Africa
Other Africa