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Technology Market (minimally-invasive and non-invasive stimulation technology )
The market data consists of aggregate sales figures of all neurostimulation submarkets. It analyzes the market aspects of new neurostimulation technologies and product launches; sourcing key market developments from the top companies that it profiles. The report also analyzes the documented claims and the neurostimulation technology patents approved over the last five years to provide an in-depth understanding of neurostimulation product and applications.
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Contact: Neel
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Application Market (Alzheimers, Parkinsons, chronic heart failure, essential tremors, eye disorders, paralysis, obesity, and other medical conditions )
ort Description
The global market for neurostimulation products is expected to be worth $3.6 billion in 2009, growing at a CAGR of 22.7%, driven by the multiple treatment applications of neurostimulation products, and the emergence of venture capital in the industry.
Neurostimulation is used for the treatment of several debilitating conditions [link widoczny dla zalogowanych], including major treatment-resistant depression, epilepsy, gastroparesis, hearing loss, incontinence, chronic pain [link widoczny dla zalogowanych], Parkinsons disease, and essential tremors. Neurostimulation systems provide an improved lifestyle alternative to many patients who do not obtain relief from standard drug and invasive surgical therapy.
The neurostimulation market is driven mainly by technology advancements, rising consumer awareness, rising age-related neurological disorders, improved clinical outcomes, long-term cost-effectiveness, increased FDA approvals for clinical trials, and the development of sophisticated implantable neurostimulation devices. Currently [link widoczny dla zalogowanych], there is a huge influx of new players entering into the market, thus leading to increased investments and R&D activities.
Implantable neurostimulation devices are increasingly being used for the treatment of a number of chronic disorders such as pain management and epilepsy. Manufacturers are employing developments in low-power semiconductor design, improved manufacturing procedures, and longer battery life for such devices to offer effective, efficient, and long-lasting neurostimulation products. Innovative products such as closed-loop system neurostimulator are designed to continuously stimulate the nervous system.
SCOPE AND FORMAT
The report analyzes the global biomarker market into the following segments:
Product Market (spinal cord stimulator, deep brain stimulator, vagus nerve stimulator, sacral nerve stimulator, and gastric electrical stimulator )
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