Neurostimulator Device Market Analysis

Product (Spinal Cord Stimulators, Vagus Nerve Stimulators, Deep Brain Stimulators, Sacral Nerve Stimulators, and Others),

The global neurostimulator device market is segmented and analyzed for demand and supply by product into spinal cord stimulators, vagus nerve stimulators, deep brain stimulators, sacral nerve stimulators, and others. Out of the types of stimulators, the spinal cord stimulators segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the growing prevalence of chronic pain. Moreover, spinal cord stimulators help to mask the pain by generating minute nerve impulses without causing any structural changes to the target location, making them useful for the treatment of non-malignant chronic neuropathic pain. Failed back surgery syndrome, cancer, traumatic pain, and nerve injuries are a few of the reasons behind the rising incidence of chronic pain. For instance, chronic pain seems to be common in cancer patients, and has a significant negative influence on quality of life, and is linked to a variety of psychological reactions. Further, cancer patients who find that medicinal therapy does not sufficiently manage their pain may benefit from spinal cord stimulators as a kind of therapy. In the UK, chronic pain affects more than 60% of adults over 75, and the prevalence of the illness increases with advancing age.

Application (Pain Management, Hearing Loss, Urinary Incontinence, Parkinson's Disease, Epilepsy, and Others) 

The global neurostimulator device market is also segmented and analyzed for demand and supply by application into pain management, hearing loss, urinary incontinence, Parkinson's disease, epilepsy, and others. Amongst these segments, the pain management segment is expected to garner a significant share. The growth can be attributed to the increasing prevalence of diabetes, cancer, and mental illnesses.  For instance, owing to the prevalence of chronic pain, people are increasingly using pain management devices, as they offer powerful therapeutic benefits. Further, as the older population grows, the acceptance of the use of pain-relieving technologies in home healthcare services is also rising, as they serve as an excellent method available for obtaining affordable pain relief at home.

Our in-depth analysis of the global market includes the following segments: