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Pulished Date May, 2021
ID: 11533
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U.S. Neurostimulation Devices Market Research Report – Segmented By Technology, Application and Country – Industry Size, Share, Trends, COVID-19 Impact Analysis and Growth Forecast (2021 to 2026)

Pulished: May, 2021
ID: 11533
Pages: 90

U.S. Neurostimulation Devices Market Size (2021 to 2026)

The size of the U.S. neurostimulation devices market is estimated to grow at a promising CAGR during the forecast period.

Neurostimulation Devices are mainly used to treat various diseases, such as movement disorders, epilepsy, Parkinson's disease, chronic pain, and depression. The Neurostimulation Devices market growth in the U.S. is expected to be driven by the increasing prevalence of neurological disorders, increasing research into expanding the applications of neuromodulation, and awareness of neurodegenerative disorders. Neurostimulators assist in treating neurologic diseases by delivering electrical stimulation to the patient's brain, peripheral nervous system, and spinal cord.

On the other hand, the market growth is attributed to the growing geriatric population, the introduction of technologically advanced products, escalating product demand as add-on therapy. In addition, the rising prevalence of chronic disorders, including migraine and epilepsy, and the existence of unmet medical needs in these disease populations, are several of the main factors driving the neurostimulation devices market. The rising prevalence of neurological diseases and lifestyle-related disorders also are driving the market growth. Over the years in the United States, increasing high demand for minimally invasive surgeries is projected to propel the market growth. Growing investment and funding by government and private organizations for research and development activities are more likely to encourage market growth. 

The market growth is restricted by restraining factors such as the high cost of neuromodulation procedures and the unavailability of a skilled workforceHowever, the region's growth could be hampered by stringent U.S. government regulations and an increase in the total number of days expected in the FDA approval process.

Impact of COVID-19 on the U.S. neurostimulation devices market:

The emergence of COVID-19 has affected the U.S. Neurostimulation market negatively. During the pandemic, the utility-owned segment is mainly driven by increasing financial incentives and regulatory support from the governments globally. Most of the US, Germany, and South Korea projects have been delayed, and the companies face short-term operational issues due to supply chain constraints. Hence the market has witnessed the market downfall. 

The united states are anticipated to get highly affected by the spread of the COVID-19 due to the effect of the pandemic in North America. However, the market is anticipated to have better growth in the coming years. 

This research report on the U.S. neurostimulation devices market has been segmented and sub-segmented into the following categories.

By Technology:

  • Internal Neuromodulation
  • External Neuromodulation

By Application:

  • Spinal Cord Stimulation
  • Deep Brain Stimulation
  • Sacral Nerve Stimulation
  • Gastric Electrical Stimulation
  • Transcutaneous Electrical Nerve Stimulation
  • Transcranial Magnetic Stimulation
  • Respiratory Electrical Stimulation

By Country:

  • The United States

Geographically, the United States Neurostimulation Devices Market is expected to account for a significant chunk of share in the global market during the forecast period due to the high incidence of neurological disorders, increasing public and private investments, and ongoing research. According to the National Center for Health Statistics of the United States Centers for Disease Control and Prevention, approximately 50% of older Americans had urinary or bowel leakage; approximately 25% had moderate to extreme urinary leakage, and approximately 8% had moderate to severe bowel leakage. As per the American Academy of Neurology, stroke is the third leading cause of death in the United States, with Alzheimer's disease coming in sixth. However, in a recent period same article shows, Parkinson's disease affects almost one million Americans yearly, with at least 60,000 new cases recorded each year. The increasing number of neurological disorders and growing demand for neurostimulation devices are most likely to improve the market growth. However, the region's growth could be hampered by stringent U.S. government regulations and an increase in the total number of days expected in the FDA approval process.

KEY MARKET PLAYERS:

Abbott, Bayer AG, Boston Scientific Corporation, IntraPace, Inc., Laborie, Inc., LivaNova PLC, Medtronic, Neuronetics, Inc., NuroPace Inc., Nevro Corp., and SPR Therapeutics are some of the notable players in the U.S. neurostimulation devices market.

  1. INTRODUCTION
    1. Market Definition
    2. Study Deliverables
    3. Base Currency, Base Year and Forecast Periods
    4. General Study Assumptions
  2. RESEARCH METHODOLOGY
    1. Introduction
    2. Research Phases
      1. Secondary Research
      2. Primary Research
      3. Econometric Modelling
      4. Expert Validation
    3. Analysis Design
    4. Study Timeline
  3. Report Overview
    1. Executive Summary
    2. Key Inferences
  4. Market Dynamics
    1. Impact Analysis
      1. Drivers
      2. Restraints
      3. Opportunities       
    2. Regulatory Environment
    3. Technology Timeline & Recent Trends
  5. Competitor Benchmarking Analysis
    1. Key Player Benchmarking                    
      1. Market share analysis      
      2. Products/Service
      3. Regional Presence               
    2. Mergers & Acquisition Landscape                     
    3. Joint Ventures & Collaborations
  6. MARKET SEGMENTATION
    1. By Technology
      1. Internal Neuromodulation
      2. External Neuromodulation
      3. Y-o-Y Growth Analysis, By Technology
      4. Market Attractiveness Analysis, By Technology
      5. Market Share Analysis, By Technology
    2. By Application
      1. Spinal Cord Stimulation
      2. Deep Brain Stimulation
      3. Sacral Nerve Stimulation
      4. Gastric Electrical Stimulation
      5. Transcutaneous Electrical Nerve Stimulation
      6. Transcranial Magnetic Stimulation
      7. Respiratory Electrical Stimulation
      8. Y-o-Y Growth Analysis, By Application
      9. Market Attractiveness Analysis, By Application
      10. Market Share Analysis, By Application
  7. GEOGRAPHICAL ANALYSIS
    1. Introduction
      1. Regional Trends
      2. Impact Analysis
      3. Y-o-Y Growth Analysis
      4. Market Attractiveness Analysis
      5. Market Share Analysis
    2. United States
  8. STRATEGIC ANALYSIS
    1. PESTLE analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
      5. Legal
      6. Environmental
    2. Porter’s Five analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Consumers
      3. Threat of New Entrants
      4. Threat of Substitute Products and Services
      5. Competitive Rivalry within the Industry
  9. MARKET LEADERS' ANALYSIS
    1. Abbott
      1. Overview
      2. Products
      3. Financials (subjected to availability based on company type)
      4. Recent Developments
      5. SWOT analysis
      6. Analyst View
    2. Bayer AG
    3. Boston Scientific Corporation
    4. IntraPace, Inc.
    5. Laborie, Inc.
    6. LivaNova PLC
    7. Medtronic
    8. Neuronetics, Inc.
    9. NuroPace Inc.
    10. Nevro Corp.
    11. SPR Therapeutics
  10. COMPETITIVE LANDSCAPE
    1. Market share analysis
    2. Merger and Acquisition Analysis
    3. Agreements, collaborations and Joint Ventures
    4. New Product Launches
  11. MARKET OUTLOOK AND INVESTMENT OPPORTUNITIES
  12. APPENDIX
  13. List of Tables
  14. List of Figures
  • Country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
  • Segment-level analysis in terms of technology and application along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development.
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.

U.S. Neurostimulation Devices Market

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