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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 h
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World Neurostimulation Market to Reach $5.2 Billion by 2012, According to New Report by Global Industry Analysts
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