Last updated on April 21, 2014 at 1:20 EDT

Global Neuromodulation Devices Market is Expected to Reach USD 7,072.6 Million in 2018: Transparency Market Research

October 30, 2012

ALBANY, New York, October 30, 2012 /PRNewswire/ –

According to a new market report published by Transparency Market Research
(http://www.transparencymarketresearch.com) “Neuromodulation Devices Market – Global
Industry Analysis, Size, Share and Forecast, 2012 – 2018
[http://www.transparencymarketresearch.com/global-neuromodulation-devices-market.html ],”
the global neuromodulation devices market was valued at USD 2,758 million in 2011 and is
expected to grow at a CAGR of 14.4% from 2012 to 2018, to reach an estimated value of USD
7,072.6 million by 2018.

Browse the full report at


The market is driven by factors such as the aging world population leading to chronic
diseases such as Parkinson’s and Alzheimer’s disorders and technological advancements in
the field of neuromodulation devices including the invention of transdermal
neuromodulation technology by NMT (Neurowave Medical Technologies). Moreover, the rising
prevalence of chronic diseases, increasing demand for minimally invasive surgeries, the
availability of external funding to conduct clinical studies to help come up with new and
technologically advanced products and the rising healthcare related consumer expenditure
have also driven the growth in this market. The fact that a neuromodulation device could
be used as an add-on treatment and so can be used simultaneously with other medications
also drives the market forward.

The North American region holds majority of the market share and accounted for a share
of 65% in 2011. The North American neuromodulation device market
[http://www.transparencymarketresearch.com/global-neuromodulation-devices-market.html ] was
valued at USD 1,792.7 million in 2011. The economic developments in the Asia Pacific
region make it the fastest growing region (CAGR of more than 15% from 2012 to 2018) in the
neuromodulation devices market.

The future growth of the market will be ensured by capitalizing on market
opportunities such as increasing healthcare related consumer expenditure in emerging
economies in the Asia Pacific, Latin American and Eastern European regions. The
availability of medical device manufacturing outsourcing options helps in curbing costs
and thereby enhances profit margins. Also, the presence of consolidation options in the
healthcare industry helps in strengthening the revenue base to conduct R&D exercises for
new product development and thus helps in strengthening market share.

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Implementation of the Affordable Healthcare for America Act, 2010 which imposes an
excise tax of 2.5% on medical devices and the stringent FDA regulations are some of the
factors restraining the growth of the market. Risks involved in using a neuromodulation
device such as injury to the vagus nerve and nearby blood vessels (carotid artery and
jugular vein) in case of a vagus nerve pacemaker also impedes the growth of the market.

        - Neuromodulation Devices Market by Technology
             - Spinal Cord Stimulation Devices
             - Deep Brain Stimulation Devices
             - Vagus Nerve Stimulation Devices
             - Sacral Nerve Stimulation Devices
             - Gastric Electric Stimulation Devices
        - Neuromodulation Systems for Different Application Areas
             - Medtronic's Spinal Cord and Deep Brain Neurostimulation Systems
             - St. Jude Medical's Eon Mini Neurostimulator System
             - Boston Scientific's Precision Spinal Cord Stimulation System
             - Nevro's Senza System for Spinal Cord Stimulation
             - Cyberonics' VNS Therapy System
             - Codman & Shurtleff's Medstream system
             - Medtronic's Enterra(TM) Therapy System
             - IntraPace's abiliti system
        - Neuromodulation Devices Market by Geography
             - North America
             - Europe
             - Asia Pacific
             - RoW (Rest of the World)

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