How Will The Neurostimulation Devices Market Propagate With Global Taking The Lead? - PowerPoint PPT Presentation

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How Will The Neurostimulation Devices Market Propagate With Global Taking The Lead?

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Neurostimulation technology involves the use of microelectrodes to activate elements of the nervous system. It involves the use of a neurostimulation device – a battery-powered stopwatch-sized device – which is surgically implanted in the brain and delivers electric signals at scheduled time intervals to the nervous system. These electric signals develop tingling sensations (paresthesia) in the damaged nerve and helps chronic pain and neurological disorders. – PowerPoint PPT presentation

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Title: How Will The Neurostimulation Devices Market Propagate With Global Taking The Lead?


1
What Is The Key Product Technology Defining
The Neurostimulation Devices Market?
Report Id PMRREP2824 Category Life Science
Healthcare
2
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North America to remain dominant in the global
parenteral medical nutrition market
  • In chronic pain conditions, these electric
    signals block the pain messages from the damaged
    nerve from reaching the brain. These devices are
    gaining importance in the management of chronic
    conditions such neuropathic pain, nociceptive
    pain, Parkinsons disease, epilepsy, and
    depression. Neuropathic pain occurs due to nerve
    damage, while nociceptive pain arises from
    diseases such as diabetes, cancer, and arthritis.
    These devices are mostly used in cases where
    systemic drug therapies are not effective.
  • The global neurostimulation devices market is
    witnessing significant growth due to increasing
    prevalence of chronic pain and rising incidences
    of neurological diseases. Moreover, rising
    awareness about various neurological diseases,
    growing geriatric population, and increasing
    investments in research and development of
    innovative neurostimulation devices are also
    driving the market.
  • However, availability of alternative treatment
    therapies for neurological diseases and
    side-effects of neurostimulation therapy inhibit
    the growth of the market. The global
    neurostimulation devices market is anticipated to
    grow from an estimated US 5,088.9 Mn in 2014
    to US 10,445.7 Mn by 2020 at a CAGR of 12.7
    during the forecast period

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Market Segmentation
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