Vagal Nerve Stimulation Market Expected to Register a CAGR 8.68%
The Report gives detail Analysis of the Industry structure along with Forecast, Market Size & Share, Different Segments and Developing Trends of the Industry.
World Vagal Nerve Stimulation Market - Scenario
Vagal nerve stimulation is a treatment for neurological disorders like epilepsy that involves a stimulator or pulse generator, which is placed inside the body and connected to the left vagal nerve in the neck.
The stimulator sends regular, mild electrical stimulations through this nerve to help calm down the irregular electrical brain activity that leads to seizures.
The global vagal nerve stimulation or Vagal Nerve Stimulation market is expected to grow at a CAGR of ~ 8.68 % during the forecast period 2017-2023.
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World Vagal Nerve Stimulation Market - Leading Players
- LivaNova PLC (UK)
- EnteroMedics Inc. (US)
- ElectroCore Medical LLC (US)
- Boston Scientific Corporation (US)
- Cyberonics, Inc. (US)
- NeuroMetrix, Inc. (US)
- ImThera Medical (US)
- Inspire Medical Systems, Inc. (US)
World Vagal Nerve Stimulation Market - Growth and Analysis
Increasing prevalence of neurological disorders, increasing investment of biotechnology and pharmaceutical industries in R&D, and rising need for the better treatment methods drives the growth of the market.
Moreover, favorable reimbursement policies, increased application and significant investments in development of new technologies for the treatment of epilepsy, and other cardiac indications will fuel the market growth during the forecast period.
According to Migraine Research Foundation, (2014), migraine was the 3rd most prevalent illness in the world. Nearly 1 in 4 U.S. households includes someone with migraine.
Moreover, 12% of the population including children have migraine problem. 18% of American women, 6% of men, and 10% of children experience migraines. Mostly migraine occurs at the age of 25-55.
World Vagal Nerve Stimulation Market - Regional Analysis
The Americas dominates the global vagal nerve stimulation market owing to the presence of huge patient population with neurological disorder such as depression, epilepsy, and migraine, high healthcare spending, and increasing government support for research & development.
Europe holds the second position in the global vagal nerve stimulation market. It is expected that the government support for research & development and availability of funds for research will drive the market in Europe region over the review period.
On the other hand, the Middle East & Africa holds the least share of the market due to limited availability of medical facilities, less availability of funds, and poor political conditions in Africa.
World Vagal Nerve Stimulation Market - Segmentation
The global vagal nerve stimulation market is segmented on the basis of products, application, and end user.
- On the basis of products, the market is segmented into implantable VNS devices and external VNS devices.
- On the basis of application, the market is segmented into depression, epilepsy, migraine, and others.
- On the basis of end user, the market is segmented into hospitals, ambulatory surgical centers, and others.
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Some Points form TOC for Vagal Nerve Stimulation Market Research Report – Forecast to 2023
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
…Continued
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