MarketsandMarkets

Neuromodulation Market Worth $6.8 Billion by 2017

The neuromodulation market is predicted to expand exponentially in the coming decade, driven by rapid advances in technology and clinical trials, approval of innovative devices, rise in population suffering from age-related disorders, and the presence of a large number of niche companies.

 
Repost This

Dallas, TX -- (SBWIRE) -- 02/25/2014 -- The “Neuromodulation Market – [Spinal Cord Stimulation (SCS), Vagus Nerve Stimulation (VNS), Gastric Electrical Stimulation (GES), Deep Brain Stimulation (DBS), Sacral Nerve Stimulation (SNS) & Transcranial Magnetic Stimulation (TMS)] – Forecasts to 2017” analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, APAC, and Rest of the World.

Browse 93 market data tables , 4 figures spread through 193 Pages with an in-depth TOC on “Neuromodulation Market”.

Early buyers will receive 10% customization on this report.

This report studies the global neuromodulation devices market (2012 to 2017).

Request a Free Sample of the Report@http://www.marketsandmarkets.com/requestsample.asp?id=921

The global neuromodulation market has been broadly divided into two major segments based on the nature of procedure, namely, invasive or internal neuromodulation and non-invasive or external neuromodulation. The invasive neuromodulation segment comprises of spinal cord stimulation, deep brain stimulation, sacral nerve stimulation, vagus nerve stimulation and gastric nerve stimulation, whereas the non-invasive technology segment consists of transcranial magnetic stimulation (TMS) and transcutaneous electrical neuromodulation (TENS). All the techniques are further sub-segmented by its various applications.

The neuromodulation market is expected to be a high growth market in the coming decade. It consists of devices used to modulate or alter neurons by means of passing electric pulses through the nerves. Notable segments of the neuromodulation market are spinal cord stimulation, deep brain stimulation, and vagus nerve stimulation. Vagus nerve stimulation, being nascent in the market, will represent the maximum growth in the coming years fuelled by its wider scope of application and less invasive nature as compared to other SCS or DBS techniques. The spinal cord stimulation technique holds maximum share in the market, yet, it is observed to have a slower growth.

Research studies and clinical trials also show a promising future for DBS and transcranial magnetic stimulation market in new applications like Alzheimer’s, drug resistant depression, tinnitus, etc. The key factors that drive the neuromodulation market are higher incidences of endemic diseases, rise in aging population, technological advancement, devices under approval, and presence of several niche players. Reimbursement in certain geographies and cost of devices are major challenges faced by this market. North America is estimated to account for the maximum share of the neuromodulation market in 2012, followed by Europe, and Asia-Pacific countries like Japan, India, and China.

The key players in the neuromodulation market are Medtronic, Inc. (U.S.), Cyberonics, Inc. (U.S.), Boston Scientific Corporation (U.S.), St. Jude Medical (U.S.), Enteromedics, Inc (U.S.), Neuropace, Inc (U.S.), Zynex, Inc (U.S.) and Neuronetics, Inc (U.S.). The emerging players in this market are Functional Neuromodulation, Ltd (U.S.), Microtransponder (U.S.), and Neurosigma, Inc (U.S.).

Browse Related Reports:
Nerve Repair & Regeneration Market by Xenografts (Conduits, Protectors), Neuromodulation [Internal (Spinal Cord, Deep Brain)], External (Transcranial Magnetic)], Surgery [Direct Nerve Repair, Grafting, Stem Cell] - Global Trend & Forecast to 2018
http://www.marketsandmarkets.com/Market-Reports/nerve-repair-regeneration-market-883.html

Global Spinal Implants and Surgical Devices Market - by Technology (Spinal Fusion & Fixation, Non-Fusion, Spinal Decompression, Vertebral Compression Fracture Repair & Spine Biologics), by Products - Trends, Competitive Analysis & Forecasts till 2017
http://www.marketsandmarkets.com/Market-Reports/spine-surgery-devices-market-712.html

About MarketsandMarkets
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, healthcare IT, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/healthcare/medical-devices
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets