Global Neurostimulation Market Opportunities & Forecast (2018-2025) Global Neurostimulation Market Opportunities | Page 3

stimulation procedure is minimally invasive, provides quicker recovery and is
cost-effective.
The chronic pain by indication segment held the largest share in 2017 in the
market, and is predicted to exhibit a significant growth rate during the forecast
period owing to rising patients’ emphasis on timely and effective pain
management and increase in prevalence of chronic pain disorder, globally. For
instance, according to the American Academy of Pain Medicine, in 2011, more
than 100.0 million people were affected by the chronic pain in the United States.
Also, extensive research and development activities and the introduction of
advanced neurostimulation products are predicted to aid the market growth in
the coming years.
Players, such as Boston Scientific Corporation, Medtronic plc, Cyberonics, Inc.,
and Nevro Corp are focusing on R&D activities to expand their product portfolio.
Figure 2: Global Neurostimulation Market Revenue, by Region, 2017
Source: GMI Research
Based on geography, North America held the largest share in the market in 2017
due to the presence of well-developed healthcare infrastructure, growing
awareness among individuals about neurostimulation, and increasing adoption of