Published on : Jan 09, 2019
Albany, New York, January 9, 2019: Surged prevalence of neurological maladies such as Parkinson’s and Alzheimer's owing to a rising geriatric population coupled with improved mindfulness about the efficacy of such stimulants aid growth in global neuromodulation market. Market Research Hub (MRH) has recently collated a new business intelligence report titled, ‘Global Neuromodulation Market Research Report 2018’ to span across recent advances.
Besides aforementioned factors, elaborate pipeline drugs by leading pharmaceutical behemoths further supplement growth. However, inadequate reimbursement policies in several regions across the world remain primary growth deterrent in global neuromodulation market.
Medtronic Disrupts Global Neuromodulation Market with its Novel App-based Neuromodulation Therapy
Medtronic, a leading provider in global neutromodulation market has recently introduced a new smart programmer which offers an app-based solution to manage therapy processes concerning overactive bladder and chronic fecal incontinence besides other conditions.
Leading pharmaceutical entities are engaged in massive R&D expeditions to disrupt market with novel portfolio up-gradation. Several clinical trials facilitated by global providers are at various stages of development. Market players are driving ample resources to attain FDA approvals for commercialization of neuromodulation devices to cater unmet needs. Ample scope in minimally invasive therapeutics is expected to reinforce growth. Market players are also keen on expanding their geographical presence via coalitions and buy-outs to remain industry specific.
Chronic Pain Application Segment to Kindle Demand Upsurge
The report entails a granular analysis of growth determinants that govern global neuromodulation market trajectory. The report includes decisive insights on micro and macroeconomic factors along with insightful details about market dynamics such as drivers, restraints, trends, and threats, besides including a detailed market definition. In its subsequent sections readers are also presented with ample competitive advantage based on a thorough chapter on market segmentation. By segmentation global neuromodulation market is classified by technology and application. By technology global neuromodulation market is categorized into spinal cord stimulation, deep brain stimulation, sacral nerve stimulation, and vagus nerve stimulation. In terms of application the market is further splintered into chronic pain, dystonia, gastroparesis, and essential tremor amongst several others.
North America to Remain Most Lucrative through Forecast Tenure
The report also includes a regional segregation according to which global neuromodulation market is systematically demarcated into Europe, North America, Latin America, Asia-Pacific, and rest of the world.
Competition Dashboard: Global Neuromodulation Market
Thorough research elements gleaned in the report allow readers to infer the effectiveness of marketing strategies implemented by leading players in fostering lucrative growth aspects. The report includes a detailed section highlighting leading players in global neuromodulation market. Some of the core players benchmarked in the report include, Medtronic, Boston Scientific, Liva Nova , St. Jude Medical (Abbott), and Nevro amongst others.
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