TechNavio recognizes the following companies as the key players in the Global Electrical and Magnetic Nerve Stimulation Market: Boston Scientific Corp., DJO Global Inc., Medtronic Inc., Smith & Nephew plc, and St. Jude Medical Inc.
Commenting on the report, an analyst from TechNavio’s team said: “An increasing demand for minimally invasive devices has been noticed among aging population across the world, and this is expected to spark the growth of the Global Electrical and Magnetic Nerve Stimulation market during the forecast period. This growth is mainly driven by the increasing demand for minimally invasive procedures that are making surgeries safer and less destructive for the surrounding tissues. Thus, minimally invasive surgery treatments are associated with superior clinical outcomes over nerve stimulation therapies alone. Moreover, minimally invasive methods are cost-efficient when compared to invasive methods, which is likely to increase their demand in the near future. This trend will have positive impact on the growth of the market.”
According to the report, one of the major factors driving the market is the increase in the number of patients suffering from epilepsy, depression, stroke, anxiety disorders, and Parkinson’s disease. This has in turn increased the demand for electrical and magnetic nerve stimulation devices as they are considered to be more effective and safer.
Further, the report states that one of the major challenges is the availability of alterative drug therapies for the treatment of neurological disorders.
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/report/global-electrical-and-magnetic-nerve-sti…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Electrical and Magnetic Nerve Stimulation Market 2012-2016
