Infinium Global Research Neuromodulation Market | Page 3

Neuromodulation Market: Trends and Forecast -2023
obesity; vagus nerve stimulation for epilepsy, obesity or depression; carotid artery
stimulation for hypertension; and spinal cord stimulation for ischemic disease such
as angina and peripheral vascular disease.
Rise in base of geriatric population, increasing number of patients with neurological
disorders, strong product pipeline with various innovations, increasing number of
target applications, and increasing demand from emerging countries are the
primary driving factors contributing for the growth of this market.
Neuromodulation is reversible and adjustable, in which physicians can on-invasively
manage the electrical parameters with a programmer to effectively control disease
symptoms. However, there are certain factors which could hamper the growth of
this market, includes unfavorable reimbursement scenario and lack of sufficient
number of trained professionals to treat disorders.
Segment Covered
The report on global neuromodulation market covers segments such as, technology
and application. On the basis of technology the global neuromodulation market is
categorized into deep brain stimulation, spinal cord stimulation, gastric stimulation,
sacral nerve stimulation, vagus nerve stimulation and others. On the basis of
application the global neuromodulation market is categorized into chronic pain,
parkinson’s disease, dystonia, essential tremor, gastroparesis, obsessive compulsive
disorder (OCD), refractory epilepsy, treatment resistant depression (TRD), urinary
fecal incontinence and other applications.
Geographic Coverage
The report provides regional analysis covering geographies such as North America,
Europe, Asia-Pacific, and Rest of the World. In this section the key trends and
market size for each geography is provided over the period of 2015-2023. The
countries covered in the North America region include the U.S., Canada, and
Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and
among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are
included in the European region. The U.S. drives the growth in the North America
region as it is the largest market in the region. The Asia-pacific region offers a
substantial potential for the market growth owing to rapid growth in markets such
as India and China. The APAC region is projected to experience a growth at a CAGR
of x.x% over the period of 2017-2023.
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