Neurostimulation Devices Market Growth & Trends

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Neurostimulation Devices Market Report

Neurostimulation Devices Market Report Highlights

• North America is estimated to dominate the global market over the forecast period due to the rising product demand as an add-on therapy and high disposable income & patient awareness levels
• The presence of sophisticated healthcare infrastructure and the growing prevalence of target diseases, such as epilepsy, Parkinson’s disease, and incontinence, are expected to drive the market growth further
• The spinal cord stimulation product segment led the market in 2022 as these devices were the prime neurostimulation products to be commercialized
• Pain management was the dominant application segment in 2022, in terms of revenue share, due to the high prevalence of chronic pain disorders and extensive product usage for pain management
• New product and technological developments are the key business strategies followed by most of the market players