Navigation Links
World Neurostimulation Market to Reach $5.2 Billion by 2012, According to New Report by Global Industry Analysts
Date:11/3/2008

Driven by technology advancements, rising consumer awareness, and development of sophisticated implantable neurostimulation devices, world market for neurostimulation is projected to reach $5.2 billion by the year 2012. Conducive demographics like the aging world population offers ample opportunities for growth in the upcoming years. Emergence of new indications for the use of the neurostimulation therapy is expected to result in expanded market opportunities.

San Jose, CA (PRWEB) November 3, 2008 -- The world neurostimulation market stands enthused by the growing base of aging population, and the resultant rise in age-related diseases such as, Parkinson's, and Alzheimer's disease. Widespread prevalence of neurological disorders and conditions, and the associated costs to society in terms of declining productivity, and reduced quality of life, offer a business case for the neurostimulation treatment modality. Demand for a higher quality of life, rising awareness among both physicians and patients, and improved patient outcomes are together, helping drive growth in the market. Influx of new players is giving rise to increased investments and research and developments. This is expected to lead to a spurt in technology innovations, and development of novel, advanced products, such as closed-loop system neurostimulators, which are designed to continuously stimulate the nervous system. As stated by the recent report published by Global Industry Analysts, Inc., the United States ranks as the single largest market for neurostimulation worldwide, more than 75% share estimated in the year 2008. Innovations in the field of brain imaging, interactive computer guidance devices, and single cell microelectrode recordings, are all helping drive the effectiveness, and hence growth of neurostimulation. With public and private health insurance companies mulling reimbursements for neurostimulation procedures and devices, the market stands to gain attractively in the medium to long run.        

Guided by strong research and development agendas, growth in US market is projected at a CAGR of about 17% for the period 2007 through 2012. In the world spinal cord stimulators market, strong growth is expected to stem from implantable pulse generator (IPG) segment, which is expected to reach US $2.17 billion by 2012. World market for vagus nerve stimulators is projected to grow at a projected CAGR of 22.17% over the period 2007 to 2012. In the United States, revenues in the deep brain stimulators market are projected to rise by US$607.8 million over the period 2007 to 2012.

Leading global and regional players operating in the industry include Boston Scientific Corp, St. Jude Medical Inc, Cyberonics Inc, Medtronic Inc, Afferent Corp, Cyberkinetics Neurotechnology Systems Inc, Northstar Neuroscience Inc, and Synapse Biomedical Inc, among others.

The report titled "Neurostimulation: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of the market trends, drivers, issues, and challenges. Richly annotated with authoritative, and unbiased commentaries, and hard-to-find statistical facts, the report provides unequivocal views on future potential while throwing light on the prevailing climate in key product markets. Product markets analyzed in the report include Spinal Cord Stimulators (SCS) (Radio Frequency (RF) System, and Implantable Pulse Generator (IPG)), Deep Brain Stimulators (DBS), Sacral Nerve Stimulators (SNS), Vagus Nerve Stimulators (VNS), and Gastric Electric Stimulators (GES). Latent demand patterns in product markets are quantified across the United States, and Rest of World. Also provided in the report is an enumeration of recent mergers, acquisitions, and other strategic industry activities.

For more details about this research report, please visit http://www.strategyr.com/Neurostimulation_Market_Report.asp.

About Global Industry Analysts, Inc.:
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ StrategyR.com
Web Site http://www.StrategyR.com/

###

Read the full story at http://www.prweb.com/releases/neurostimulation/spinal_cord_stimulators/prweb1553484.htm


'/>"/>
Source: PRWeb
Copyright©2008 Vocus, Inc.
All rights reserved  

Related medicine news :

1. HTH Worldwide Ranked Number 21 in Deloittes Fast 50 Program for Greater Philadelphia
2. HealthWorldNet.com Receives Three Excellence Awards
3. Esteemed Emergency Medicine Physician Appointed to TeleHealth World Magazine Editorial Advisory Board
4. World Anticoagulants Market to Exceed $12 Billion by 2015, According to New Report by Global Industry Analysts, Inc.
5. Repair and healing of osteoporotic fractures a focus of upcoming IOF World Congress on Osteoporosis
6. Considering Revision Surgery? Board Certified Plastic Surgeon and Washington DC-based Dr. Mark E. Richards Pioneers Facelift Revisions Attracting Patients Worldwide
7. WorldHeart Announces Effectiveness of Reverse Stock Split
8. Our cheatin brain: The brains clever way of showing us the world as a whole
9. Several US Children Among Worldwide Heroes for Inspirational Fundraising Efforts with Celine Dion
10. World Biochips Market to Reach $3.4 billion by 2012, According to New Report by Global Industry Analysts, Inc.
11. University Of Minnesota Gives 11,538 Flu Shots Tuesday, Shattering Guinness World Record for Most Flu Shots in a Single Day
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
World Neurostimulation Market to Reach $5.2 Billion by 2012, According to New Report by Global Industry Analysts
(Date:6/26/2016)... Michigan (PRWEB) , ... June 26, 2016 , ... On ... as sponsor of the 2016 Cereal Festival and World’s Longest Breakfast Table in Battle ... honor of the city’s history as home to some of the world’s leading providers ...
(Date:6/26/2016)... ... June 26, 2016 , ... PawPaws brand pet ... product that was developed to enhance the health of felines. The formula is all-natural ... two main herbs in the PawPaws Cat Kidney Support Supplement Soft Chews ...
(Date:6/26/2016)... Orion, Clarkston, Michigan (PRWEB) , ... June 26, ... ... with respect to fertility once they have been diagnosed with endometriosis. These women ... intercourse but they also require a comprehensive approach that can help for preservation ...
(Date:6/25/2016)... ... June 25, 2016 , ... Austin residents seeking Mohs surgery services, can now ... and to Dr. Russell Peckham for medical and surgical dermatology. , Dr. Dorsey brings ... The selective fellowship in Mohs Micrographic Surgery completed by Dr. Dorsey was under the ...
(Date:6/25/2016)... ... June 25, 2016 , ... "With 30 hand-drawn hand ... project," said Christina Austin - CEO of Pixel Film Studios. , ProHand Cartoon’s ... within Final Cut Pro X . Simply select a ProHand generator and drag ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... -- Research and Markets has announced ... Applications, Technologies, Forecasts" report to their offering. ... Smart Skin, Structural Health Monitoring, Composite Smart Structures, ... involves electronic and/or electrical components and circuits that ... such as vehicle bodies or conformally placed upon ...
(Date:6/24/2016)... India , June 24, 2016 ... Needles Market by Type (Standard Pen Needles, Safety Pen ... Therapy (Insulin, GLP-1, Growth Hormone), Mode of Purchase (Retail, ... by MarketsandMarkets, This report studies the market for the ... expected to reach USD 2.81 Billion by 2021 from ...
(Date:6/23/2016)... 2016 Research and Markets has announced ... Forecast to 2022" report to their offering. ... the patients with kidney failure, it replaces the function of ... patient,s blood and thus the treatment helps to keep the ... balance. Increasing number of ESRD patients & ...
Breaking Medicine Technology: