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Frost & Sullivan: More than 10 Million U.S. Patients Treatable by Neurostimulation, Driving Uptake
Date:4/24/2013

ther expanding the scope of application of neurostimulation. While current neurostimulations are reversible and adjunctive systems, additional R&D to build sophisticated, minimally invasive and non-invasive technologies will create new avenues for revenue generation.

However, the inability of smaller participants to meet the huge capital costs of R&D, along with neurostimulation devices' complex manufacturing processes and tedious product development procedures, curbs market growth. The uncertainty in acquiring reimbursements and regulatory approvals after product release further dissuades potential investors.

Technology innovations with strong clinical data validation and aggressive marketing strategies will enable vendors to receive favorable regulatory and reimbursement approvals, and also garner interest from physicians and clinicians in the country.

"Spreading awareness about the benefits of neurostimulation and collaborating with pharmaceutical companies to develop better-targeted therapies will help tap the patient population and shape future business opportunities," concluded Allada. "Small and emerging suppliers must build niche products with technological and medical advantages to stay competitive."

Overall, increasing indications for existing neurostimulation devices and exploring new disease indications will drive market expansion in the United States.

Connect with Frost & Sullivan on social media, including Twitter, Facebook, SlideShare, and LinkedIn, for the latest news and updates.

Analysis of the U.S. Neurostimulation Market is part of the Advanced Medical Technologies Growth Partnership Service program, which also includes: United States Bone Grafts and Bone Graft Substitutes Market, Western European and U.S. Cardiac Rhythm
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