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Peripheral Nerve Stimulators Market Segmented By Transcutaneous product and Implantable product used in Hospitals and Outpatient Centers
According to the National Institute of Neurological Disorders and Stroke there are 600 neurologic disorders that affect approximately 50 million Americans every year. Neuropathic pain is a common health problem in majority of the industrialized countries and affects approximately 40%-60% of geriatric population and adults across the globe.
Peripheral nerve stimulator is used for the treatment of many diseases and indications such as complex regional pain syndrome, low back pain, neck pain, and painful nerve injuries, and their increasing prevalence is expected boost their demand and the growth of the peripheral nerve stimulators market.
Peripheral nerve stimulator market is expected to witness lucrative growth due to increasing number of cases of nerve injuries, growing ageing population and growth in obese population. Peripheral nerve stimulator play an important role during anesthesia procedures and in severe neuropathic pain.
As per the a St. Jude Medical study, 65% of patients reported excellent or good headache pain relief after using a peripheral nerve stimulator. Peripheral nerve stimulator is used to treat any type of chronic pain and this is the most effective way for various types of severe neuropathic pain.
Peripheral nerve stimulator is an alternative pain control option for those who have problems in taking oral medication. Peripheral nerve stimulator reduces or eliminates the use of narcotic drugs and it is completely implanted, users can travel anywhere and participate in many nonimpact recreational activities, including swimming.
The growth can be attributed to a rise in consumption of electrodes and generator types of peripheral nerve stimulators. Increasing import of peripheral nerve stimulator materials form five main countries including Germany, the U.S., Switzerland, Sweden and Canada further boosts the growth of the market.
Advancement in pain management technology is expected to boost the growth of the peripheral nerve stimulator market over the forecast period. Manufacturers of peripheral nerve stimulators are consistently making changes in their product category and technologies in order to enhance the device capabilities. This is expected to enhance the sale of these products and increase the market share in the long-term.
Peripheral nerve stimulator helps to relieve pain only where it is required to, whereas other medications affect the whole body and may lead to constipation, sleepiness and other problems unrelated to pain. Stimulation therapy does not have the type of side effects associated with many medications. Pain relief experienced with peripheral nerve stimulation and spinal cord stimulation may allow people to take less pain relief medications.
The competition section of the report features profiles of key players operating in the peripheral nerve stimulators market based on their market shares, differential strategies, product offerings, marketing approach and company dashboard. Examples of some of the key players featured in this report include Stimwave LLC, NeuroSigma, Inc. , NeuroMetrix, Inc, Vygon SA, Medline Industries, Inc, SUNMED INC, IDS Medical Systems, Boston Scientific Corporation, Medtronic, Medline Industries, Inc, Enteromedics, SPR Therapeutics LLC, ElectroCore, Inc., St. Jude Medical, B. Braun Medical Inc., and Xavant Technology (Pvt) Ltd, among others.
Mergers and acquisitions, product innovation, and partnership are the some of the key strategies adopted by the manufactures of peripheral nerve stimulators to gain maximum share in the market. Manufactures are also planning to invest in new facilities to increase the productivity.
Peripheral nerve stimulator is used to estimate neuromuscular transmission when neuromuscular blocking agents are given to block the neuromusculoskeletal activity. This process is used to ensure the medication dosing to avoid the incidence of side effects. They are mostly used for intensive care unit monitoring.
The company has conducted a research study on the peripheral nerve stimulators market for the forecast period 2018 to 2028. The report offers a comprehensive evaluation of the business opportunities prevailing in the peripheral nerve stimulators market along with other nerve stimulator equipment. The report elaborates the macroeconomic factors influencing the dynamics of the peripheral nerve stimulators market and its futuristic potential.
The market is scrutinized and segmented to answer specific questions of the industry stakeholders. A wide visional assessment from every critical perspective of the market. The report offers a comprehensive taxonomy of peripheral nerve stimulators market based on product type and end users.
Based on product type, the peripheral nerve stimulators market is segmented into transcutaneous and implantable. Based on end users, the peripheral nerve stimulators market is segmented into hospitals and outpatient centers. The peripheral nerve stimulators market has been analyzed across regions of North America, Latin America, Europe, Asia Pacific Excluding Japan, Japan and MEA.
Some of the additional questions addressed in this report on Peripheral Nerve Stimulators market-
The peripheral nerve stimulators market has been estimated based on supply-demand approach. The market was first calculated based on nerve injuries and neurodegenerative disorders volume conducted in different region/countries. This information is further validated with rigorous primary research (including interviews, surveys, in-person interactions, and viewpoints of seasoned analysts) and secondary research (including verified paid sources, authentic trade journals, and resourceful databases).
The research study on peripheral nerve stimulators market also includes top trends and macro as well as micro economic factors shaping the peripheral nerve stimulators market.
Competition section is developed on the basis of recent developments, key financials, ratios, strategic initiatives and growth roadmap. Not only quantitative assessment but trends and financial analysis form a sound basis of checking with further growth of the market, with this approach, the report on peripheral nerve stimulators market the industry attractiveness of every major segment in peripheral nerve stimulators over the forecast period.