TechNavio recognizes the following companies as the key players in the Global Neurostimulation Devices Market: Medtronic Inc., St. Jude Medical Inc., Boston Scientific Corp., and Cyberonics Inc.
Commenting on the report, an analyst from TechNavio’s Healthcare team said:”An increasing demand for minimally invasive devices has been noticed among members of the rapidly aging population across the world, and this is expected to spark the growth of the Global Neurostimulation Devices market. This is because minimally invasive surgery causes less pain, reduces the duration of the recovery process, causes minimal injuries, has a low risk of infection, and minimizes bleeding. Moreover, less invasive methods are cost efficient when compared to invasive methods, and this is expected to increase the demand for them in the near future. This trend will have a positive impact on the growth of the market.”
According to the report, one of the major factors driving the market is the growth of the patient population in terms of epilepsy, depression, stroke, anxiety disorders, and Parkinson’s disease, which increases the demand for neurostimulation devices as neurostimulation is considered to be a more effective and safer therapy.
Further, the report states that one of the major challenges in the market is the expensive cost of neurostimulation devices and neuromodulation therapy. Most of the neurostimulation devices are too expensive for many patients in developing nations.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Afferent Corp., Cyberkinetics Neurotechnology Systems Inc., Synapse Biomedical Inc., SPR Therapeutics LLC, NeuroVista Corp., and Neuros Medical Inc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-neurostimulation-devices-market-…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/healthcare
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report – Global Neurostimulation Devices Market 2012-2016
