The global neuromodulation market is estimated at $3.65 Billion in 2015, and is projected to reach $6.20 Billion by 2020, at a CAGR of 11.2% during the forecast period.
(PRWEB) July 08, 2015
The global neuromodulation market witnesses high-competitive intensity as there are several big and small firms with similar product offerings. These companies adopt various strategies (agreements, partnerships, mergers, collaborations, acquisitions, new product launches, market development, geographical expansions, and acquisitions) to increase their market shares and establish a strong foothold in the global neuromodulation market.
Based on technology, the internal neuromodulation segment is expected to be the largest and fastest-growing component segment in 2015. In internal neuromodulation category, spinal cord stimulation segment is expected to dominate the neuromodulation market in 2015. However, the deep brain stimulation segment is expected to grow at the highest CAGR from 2015 to 2020. In the external neuromodulation category, the transcutaneous electrical nerve stimulation segment is expected to be the largest segment in the neuromodulation market. However, the transcranial magnetic stimulation segment has registered the highest CAGR during the forecast period. "Neuromodulation Market by Technology (Deep Brain Stimulation, Spinal Cord Stimulation and Transcranial Magnetic Stimulation) & Application (Depression, Parkinson’s, Tinnitus, Alzheimer’s, Epilepsy, Ischemia and Obesity) - Trends & Global Forecast to 2020" at http://www.rnrmarketresearch.com/neuromodulation-market-spinal-cord-stimulation-scs-vagus-nerve-stimulation-vns-gastric-electrical-stimulation-ges-deep-brain-stimulation-dbs-sacral-nerve-stimulation-sns-tra-market-report.html.
North Americais expected to account for the largest share of the neuromodulation market, followed by Europe, Asia-Pacific, and rest of the world (RoW) in 2015. In the coming years, the neuromodulation market is expected to witness the highest growth rate in the Asian region, with emphasis on India, China, and Japan. These countries are expected to increase revenues for the manufacturers of equipment and devices involved in neuromodulation.
Key players in neuromodulation market research includes Medtronic, Inc, Boston Scientific Corporation, St. Jude Medical, Inc, Cyberonics, Inc, Nevro Corporation, Neurosigma, Inc, Neuropace, Inc, Biocontrol Medical, Synapse Biomedical, Inc and Neuronetics, Inc. Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=67822.
The demand for neuromodulation has increased significantly, because of patients’ preference for minimally invasive surgeries. Moreover, these therapies allows physicians to cease treatment, as and when required by removing the stimulating devices.
The global neuromodulation market report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn helps companies, garner a greater market share. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares. Inquire more here - http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=67822.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios offered by top players in the neuromodulation market. The report analyses the neuromodulation market by technology and application
- Product Development/Innovation:Detailed insights on the upcoming technologies, research and development activities, and new product launches in the neuromodulation market
- Market Development: Comprehensive information about the lucrative emerging markets. The report analyses the markets for various neuromodulation technologies across regions
- Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the neuromodulation market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of leading players in the neuromodulation market
This is a premium research report priced at US$ 4650 for single user PDF license. Inquire for discount on this research at http://www.rnrmarketresearch.com/contacts/discount?rname=67822.
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