Global Implantable Neurostimulators Market

Report ID : 1167 | Published : 2021-07-28 | Pages: 190 | Format: PDF/EXCEL

The Implantable Neurostimulators are the surgically located devices that deliver slight electrical signals to the epidural space nearby the spine through leads. These devices are used to modify the nervous system to advance biological functions. The action involves the modulation of electrical signs moved from the brain to other organs and vice versa. Neurostimulators are implanted among patients who do not obtain relief from invasive surgical therapy and standard drugs. The growth of the implantable neurostimulators market is driven mainly by advancements in technology, cumulative age-related nervous disorders, growing awareness, long-term cost-effectiveness, and improved clinical outcomes. Moreover, the growing FDA approval for implanted neurostimulators and the huge influx of new companies investing in the market is anticipated to propel the growth of the market globally.

The Implantable Neurostimulators market is a segment based on product type, end-user, and geography. The global implantable neurostimulators market is segmented into peripheral nerve stimulation, myostimulation, spinal cord stimulation, and brain stimulation based on product type. The peripheral nerve stimulation segment is further segmented into perineal nerve stimulation, vagus nerve stimulation, and sacral nerve stimulation. The myostimulation includes gastric stimulation and upper airway stimulation. The brain stimulation products include responsive brain stimulation and deep brain stimulation. In terms of market share, spinal cord stimulation and brain stimulation are estimated to account for a significant share in the global market in 2019. The growing prevalence of epilepsy, Parkinson’s diseases, etc. are propelling the growth of segments in the global market.

Based on end-user, the global implantable neurostimulators market is segmented into hospitals, specialty clinics, and ambulatory surgical centres. In 2019, the hospitals dominated the global market in terms of revenue share. The presence of well-equipped hospitals and the availability of reimbursement schemes at hospitals are contributing to the high share of the segment in the global market.

Based on geography, the Global Implantable Neurostimulators Market has been segmented into North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. In terms of revenue, North America is accounted for the largest share in the Global Implantable Neurostimulators market in 2019. The high adoption of technically advanced products, well-established healthcare infrastructure, and high government support are some of the major factors contributing to the high share of the market in the region. Additionally, the growing demand for minimally invasive surgeries in the region is expected to propel the growth of the North America implantable neurostimulators market over the estimated timeframe.

Some of the market players leading the global implantable neurostimulators market include Cyberonics, EnteroMedics, Axonics Modulation Technologies, Imthera, IntraPace, LivaNova, Medtronic, Inspire Medical, NeuroPace, Nevro Corp., SPR Therapeutics, Nuvectra, and Stimwave, among others.

 

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Implantable Neurostimulators Market Snapshot

Chapter 4. Global Implantable Neurostimulators Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Market Dynamics - Drivers

4.3. Challenges/Restraints

4.4. Market Trends

4.5. Industry Analysis – Porter’s Five Forces Analysis

4.6. Competitive Landscape & Market Share Analysis

4.7. Global Epidemiology Analysis by Key Country 2019

Chapter 5. Market Segmentation 1: Product Type Estimates & Trend Analysis

5.1. Product Type & Market Share, 2018 & 2028

5.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2018 to 2028 for the following Product Type:

5.2.1. Myostimulation

Upper Airway Stimulation

Gastric Stimulation

5.2.2.  Peripheral Nerve Stimulation

Vagus Nerve Stimulation

Perineal Nerve Stimulation

Sacral Nerves Stimulation

5.2.3. Spinal Cord Stimulation

5.2.4. Brain Stimulation

Deep Brain Stimulation

Responsive Brain Stimulation

Chapter 6. Implantable Neurostimulators Market Segmentation 2: End-user Estimates & Trend Analysis

6.1. End-user Analysis & Market Share, 2018 & 2028

6.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2018 to 2028 for the following End-user:

6.2.1. Hospitals

6.2.2. Ambulatory Surgery Centers

6.2.3. Specialty Clinics

Chapter 7. Implantable Neurostimulators Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Implantable Neurostimulators Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by Product Type, 2018-2028

7.1.2. North America Implantable Neurostimulators Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by End-user, 2018-2028

7.1.3. North America Implantable Neurostimulators Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by country, 2018-2028

7.1.3.1. U.S.

7.1.3.2. Canada

7.2. Europe

7.2.1. Europe Implantable Neurostimulators Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by Product Type, 2018-2028

7.2.2. Europe Implantable Neurostimulators Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by End-user, 2018-2028

7.2.3. Europe Implantable Neurostimulators Market revenue (US$ Million) and volume (No. of Units) by country, 2018-2028

7.2.3.1. Germany

7.2.3.2. Poland

7.2.3.3. France

7.2.3.4. Italy

7.2.3.5. Spain

7.2.3.6. UK

7.2.3.7. Rest of Europe

7.3. Asia Pacific

7.3.1. Asia Pacific Implantable Neurostimulators Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by Product Type, 2018-2028

7.3.2. Asia Pacific Implantable Neurostimulators Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by End-user, 2018-2028

7.3.3. Asia Pacific Implantable Neurostimulators Market revenue (US$ Million) and volume (No. of Units) by country, 2018-2028

7.3.3.1. China

7.3.3.2. India

7.3.3.3. Japan

7.3.3.4. Australia

7.3.3.5. Rest of Asia Pacific

7.4. Latin America

7.4.1. Latin America Implantable Neurostimulators Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by Product Type, 2018-2028

7.4.2. Latin America Implantable Neurostimulators Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by End-user, 2018-2028

7.4.3. Latin America Implantable Neurostimulators Market revenue (US$ Million) and volume (No. of Units) by country, (US$ Million) 2018-2028

7.4.3.1. Brazil

7.4.3.2. Rest of Latin America

7.5. MEA

7.5.1. MEA Implantable Neurostimulators Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by Product Type, 2018-2028

7.5.2. MEA Implantable Neurostimulators Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by End-user, 2018-2028

7.5.3. MEA revenue Implantable Neurostimulators Market revenue (US$ Million) and volume (No. of Units) by country, (US$ Million) 2018-2028

7.5.3.1. South Africa

7.5.3.2. Rest of MEA

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles

8.2.1. Axonics Modulation Technologies

8.2.2. Cyberonics

8.2.3. EnteroMedics

8.2.4. Imthera

8.2.5. Inspire Medical

8.2.6. IntraPace

8.2.7. LivaNova

8.2.8. Medtronic

8.2.9. NeuroPace

8.2.10. Nevro Corp.

8.2.11. Nuvectra

8.2.12. SPR Therapeutics

8.2.13. Stimwave

8.2.14. List of Other Prominent Players

Global Implantable Neurostimulators Market Segmentation:

Global Implantable Neurostimulators Market Outlook (Value (US$ Mn) & Volume (no. of units), 2019 – 2030) By Product Type

  • Myostimulation
  •   Upper Airway Stimulation
  •   Gastric Stimulation
  • Peripheral Nerve Stimulation
  •   Vagus Nerve Stimulation
  •   Perineal Nerve Stimulation
  •   Sacral Nerves Stimulation
  • Spinal Cord Stimulation
  • Brain Stimulation
  •   Deep Brain Stimulation
  •   Responsive Brain Stimulation

Global Implantable Neurostimulators Market Outlook (Value (US$ Mn), 2019 – 2030) By End-user

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Clinics

Global Implantable Neurostimulators Market Outlook (Value (US$ Mn) & Volume (no. of units), 2019 – 2030) By Region

Europe

  • Germany
  • Poland
  • France
  • Italy
  • Spain
  • UK
  • Rest of Europe

North America

  • U.S.
  • Canada

Asia Pacific

  • China
  • India
  • Japan
  • Australia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa

  • South Africa
  • Rest of Middle East & Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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