Market Highlights: The neurosimulator devices are mostly used for diagnosing and treating disorders of automatic nerves system (ANS), peripheral nervous system (PNS) and central nerves system (CNS). It has several features which can pre-sense a neurological episode on-set, optimize the inter-device communication and better user interface. As the numbers of critically neurological disorders patients are increasing, that leading to growing demands of neurosimulator devices. There has been significant rise in number of people suffering from Parkinson’s disease that figure stood up to 1.2 million Americans and atleast of 65,000 new cases annually has been witnessed. It also observed that in Europe the average rate of prevalence of Dementia patients is 1.5%. The major companies are organized several treatment of neurological disorders cases in U.S. and Asia-Pacific regions. The market study is being classified by Type (Deep Brain Stimulation Devices, Spinal Cord Stimulation Devices, Gastric Electric Stimulation Devices, Vagus Nerve Stimulation Devices, Sacral Nerve Stimulation Devices and Others), by Application (Parkinson’s Disease, Epilepsy, Pain Management, Essential Tremor, Urinary and Fecal Incontinence, Alzheimer’s, Ischemia and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Neurostimulator Device are Cyberonics Inc. (United States), Medtronic Inc. (Ireland), CVRx Inc. (United States), Boston Scientific Corp. (United States), St. Jude Medical Inc. (United States), Neuropace Inc. (United States), Aleva Neurotherapeutics SA(Switzerland), Bioness Inc. (United States), EnteroMedics Inc. (United States) and NeuroSigma Inc. (United States).
In April 2018, Allergan plc launched a new TrueTear neurosimulator device which is beneficial in providing Drug-Free & Drop-Free Option for adult Patients Suffering from Inadequate Tear Production.
Key Questions Answered in the Report What will the Neurostimulator Device Market size and the growth rate be in Future? What are the key factors driving the Neurostimulator Device Market? What are the key market trends and macro-economic impacting the growth of the Neurostimulator Device Market? What are the challenges to market growth? Who are the key vendors in the Neurostimulator Device Market? What are the market opportunities and threats faced by the vendors in the Neurostimulator Device Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Neurostimulator Device Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Neurostimulator Device market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Neurostimulator Device market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Neurosimulator Device Manufacturers, Neurosimulator Device Traders, End-Use Market Participants of Different Segments of Neurosimulator Device, Government and Research Organizations, R&D Institutions and Others. This helps us to gather the data for the players’ revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.