Technavio, a tech-focused market research organization, presents a new market research report on the global vagus nerve stimulation market, which is expected to grow at a CAGR of close to 10% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers classify the global vagus nerve stimulation market into the following key regions: the Americas, APAC, and EMEA.
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VNS market in Americas: The increasing preference by surgeons for VNS devices in MIS technique for treating neurological disorders like depression and epilepsy will drive the growth in the American market. These devices are used for cardiovascular procedures across the region, boosting the sale of these products. The US, Canada, and Brazil will emerge as the key revenue generators in the region during the forecast period. The market in the Americas will also be driven by the increasing investment in the healthcare sector for providing high quality, effective, and one treatment solutions to various patients.
According to Srinivas Sashidhar, a lead analyst at Technavio, specializing in research on orthopedics and medical devices, “The establishment of specialty training centers will increase the adoption of VNS devices in the region. These training centers houses programs for surgeons and other medical staffs to educate them about MIS techniques involving VNS devices. The development of healthcare sector in developing countries like Argentina, Brazil, and Mexico will attribute to the growth of the Americas.”
VNS market in EMEA: The increasing focus of various government agencies on treating epilepsy, depression, and heart attacks will have a positive impact on better pain management services. The growing public awareness will boost the adoption of these devices in the EMEA market. The vendors in the market are setting up production plants in MEA to reduce the tax burden, which, in turn, will lower the cost of the devices and increase their revenues.
VNS market in APAC: The new opportunities in countries like China, India, Japan, and South Korea will make APAC one of the emerging regions in the global market. The increasing focus on healthcare expenditure will boost the sale of these devices in the APAC market. Furthermore, the increasing demand for quality healthcare will lead to the use of advanced equipment in this sector and lead to the use of VNS devices in the region.
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The top vendors operating in the global vagus nerve stimulation market include:
- LivaNova
- Enteromedics
- ElectroCore
Other prominent vendors in the market include Beijing Medical Equipment and BioControl Medica.
A thorough study is accessible in the Technavio report titled, ‘Global Vagus Nerve Stimulation Market 2017-2021’. Technavio also customizes reports by further regions and particular segments upon request.
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