Brain Implants Market size is segmented based on product types, applications, and region. Vagus nerve
stimulator (VNS), deep brain stimulator (DBS), and spinal cord stimulator (SCS) are the product types that could
be explored in Brain Implants in the forecast period. In 2016, deep brain stimulator sector accounted for the
largest market share of 37.0% in terms of revenue and is estimated to lead the overall market in the coming
years. This may be because of rising use in numerous applications and growing occurrence of Parkinson’s
disease. Moreover, it is exclusively used to treat numerous neurological disorders like Alzheimer’s disease,
obsessive-compulsive disorder (OCD), epilepsy, dystonia, and essential tremor. Also, Vagus nerve stimulator is
estimated to grow at fastest pace in the coming years, as rising occurrence of epilepsy.
The market may be categorized based on applications like Alzheimer’s disease, chronic pain, essential tremor,
epilepsy, depression, Parkinson’s disease, and others. Chronic pain segment accounted for the largest market
share in 2016 and is estimated to continue its dominance in the coming years. This may be because of, rising
chronic pain due to circumstances like neuropathy, lumbar and radiculitis, complex regional pain syndrome, and
failed back surgery and high demand for stimulators used during chronic back and neck pain. According to Pain
Doctor Report, in 2017, 14000 patients used spinal cord implants. However, Parkinson’s disease sector is
estimated to grow at highest CAGR in the coming years. This may be because of rising occurrence of disease and
reduction in coffee consumption and smoking rate.
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Globally, in 2016, North America accounted for the largest share of brain implants market and led it overall. The
reason behind the overall brain implants market growth could be regular product approvals, huge investment
in Research and Development activities, and presence of key manufacturers in the region. Instead, Europe and
the Asia Pacific are also estimated to have a positive influence on the future growth.
Europe is the second largest region with significant share of brain implant market. However, Asia Pacific is
estimated to grow at fastest pace with the highest CAGR of over 13.0% in the foremost period. The aspects that
may be ascribed to the growth comprise developing healthcare infrastructure and rising awareness amongst
populace regarding brain implants. The developing countries like India and China are the major consumers of
Brain Implant Industry in this region.
The key players of Brain Implants Industry are NDI Medical LLC, Boston Scientific, NeuroPace Inc., Medtronic,
Nevro Corporation, and St. Jude Medical. These players are concentrating on inorganic growth to sustain
themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the
hour.