Key players in the Middle East & Africa Internal Neurostimulation/Neuromodulation Market include Medtronic, Inc. (U.S.), Cyberonics, Inc. (U.S.), Boston Scientific Corp. (U.S.), St. Jude Medical, Inc. (U.S.), EnteroMedics, Inc. (U.S.)
(PRWEB) February 24, 2015
Medtronic, Inc. (U.S.), St. Jude Medical, Inc. (U.S.), and Boston Scientific, Inc. (U.S) are the leaders in the Saudi Arabia, South Africa, and Turkish neuromodulation market and is expected to lead the market during the period of 2014 to 2019. Founded in 1949, Medtronic, Inc. is the top player in the market, and owns a wide product portfolio including a range of implants for specific applications. Interstim and Entera Neurostimulator are some of the most popular brands of the neuromodulation devices offered by Medtronic, Inc.
Browse through the TOC of Middle East & Africa Internal Neurostimulation/Neuromodulation Market for an analysis of industry trends, segments & forecasts.
The company markets its products across North America, Europe, Central America, Australia, and Asia. The company’s wide range of product offerings, coupled with its wide geographic presence, enables it to maintain its leading position in the neuromodulation market. Furthermore, the company focuses on research & development as its key business strategy to ensure growth in the Saudi Arabia, South Africa, and Turkish internal neuromodulation market.
Besides Medtronic, Inc., St. Jude Medical Inc., is another major player in the neuromodulation technologies market. In recent years, the company has shifted focus to strategic acquisitions and agreements as its key business strategies to increase its share in the Saudi Arabia, South Africa, and Turkish neuromodulation market. The company has a wide product portfolio, including paddle leads, percutaneous leads, and primary cell implantable generators, which serve as an important factor influencing its future growth prospects. In addition, the company has strong geographic presence and a large customer base, globally.
In the Saudi Arabia, South Africa, and Turkish internal neuromodulation market, leading players are adopting the strategies of new product launches, product approvals, partnerships, agreements, collaborations, joint ventures, acquisitions, and expansions. These strategies enable the market players to access new technologies, expand their product portfolios, enter the growing sub-segments of the market, and also to increase their market shares. In addition to the top market players, companies such as Depuy Synthes, Inc. (U.S.), Cyberonics Inc. (U.S.), Enteromedics Inc. (U.S.), and Uroplasty, Inc. (U.S.) are also focusing on launching new devices, product approvals, strategic agreements, partnerships, and collaborations, in order to widen their customer base and acquire significant shares in the internal neuromodulation market.
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Furthermore, major strategic developments are taking place in the field of spinal nerve stimulation and deep nerve stimulation market, which exhibit high-growth potential in the near future. The dominant players of the internal neuromodulation market, such as Medtronic Inc. (U.S.), St. Jude Medical Inc. (U.S.), and Boston Scientific Inc. (U.S.), are introducing several technologically advanced systems and entering into strategic agreements and partnerships in order to keep pace with the trends in the aforementioned markets.
European Neurostimulation/Neuromodulation Devices Market
The European Neurostimulation/Neuromodulation market was expected to reach from $1122.06 million in 2013 to $1987.82 million by 2018 at a CAGR of 12.1%.The Neuromodulation market is the largest segment 96% of Nerve Repair & regeneration market. The market divided by 2 segments such as Internal Neuromodulation and External Neuromodulation.
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