Neurostimulator Device Market Share

North American Market Forecast   

The North American neurostimulator device market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2036. The growth of the market can be attributed majorly to the growing rate of neurological illnesses in the region. The rising elderly population in the region, will result in an enormous load of neurological (brain) problems in the near future. The population of the United States is ageing as a result of longer life expectancies and decreasing birthrates. Neurological problems are more common as people get older. Further, Parkinson's disease is the second most prevalent neurodegenerative condition affecting older adults in the area. Many cellular functions that are affected by ageing and predisposed to neurodegeneration also predispose to the aetiology of Parkinson's disease (PD). For instance, both motor and cognitive function are affected by this ageing neurodegenerative illness. Further, a minimally invasive surgical method called deep brain stimulation (DBS) is used to treat Parkinson's disease's neurological symptoms.  In North America, Parkinson's disease (PD), the second most common neurological disorder, is predicted to impact more than 900,000 individuals by the year 2020. Furthermore, there has been surging adoption of robotic surgery is further anticipated to boost the market’s growth in the region.

Europe Market Forecast

The European neurostimulator device market, amongst the market in all the other regions, is projected to grow with the highest CAGR during the forecast period. The growth of the market can be attributed majorly to the surging demand for minimally invasive surgeries. In the European area, the prevalence of the most prevalent chronic conditions that call for less invasive surgeries is increasing, including cancer, renal failure, and heart disease. The incidence of chronic diseases has grown over time, owing to a number of causes, including an ageing population and risk factors associated with lifestyle.  More chronic physical and mental health issues are increasingly prevalent in an ageing society. Further, the oldest population in the world is in Europe, which can be as a result of decreased death rates, and longer average life expectancies brought on by medical progress and rising living standards.