Hexa Research
Fact-based market research , penetrating industry insights and validated forecasts to help you make better decisions for a stronger future
Browse Details of Report @ https :// www . hexaresearch . com / researchreport / neurostimulation-devices-industry /
Hexa Research identifies spinal cord stimulation devices , vagus nerve stimulation devices , gastric electric stimulation devices , deep brain stimulation devices , and sacral nerve stimulation devices to be the key product segments in the neurostimulation devices market . Spinal cord stimulation devices , with a contribution of more than half to the total revenues , were the dominant product segment in 2012 .
Pain management proved to be the largest application of neurostimulation devices in 2012 and contributed more than 65 % to the total demand that year . This was chiefly due to high incidence of conditions characterized by chronic pain and notable therapeutic effects offered by neurostimulation devices .
While North America contributed around 64 % to the total revenues in 2012 , Asia Pacific is likely to grow the fastest in future . Fast-developing economies like India and China will result in the Asia Pacific neurostimulation devices market growing at CAGR higher than 16 % from 2013 to 2020 .
Hexa Research observes that the neurostimulation devices industry exhibits outsourcing of expensive manufacturing activities . This enables industry participants to achieve cost efficiency and better profitability . Key industry players include Boston Scientific Corporation , Cyberonics , Medtronic Inc ., and St . Jude Medical .
Browse Related Category Market Reports @ https :// www . hexaresearch . com / researchcategory / healthcare-industry
About Us :
Contact : + 1-800-489-3075
Email : sales @ hexaresearch . com Website : http :// www . hexaresearch . com /