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Neurostimulation Market Worth US$10.2 Billion by 2014

The global market for neurostimulation products is expected to be worth $3.6 billion in 2009, and expected to reach $10.2 billion by 2014.

 

Dallas, TX -- (ReleaseWire) -- 04/01/2014 -- According to a new market research report,‘Neurostimulation Market’, published by MarketsandMarkets, the global market for neurostimulation products is expected to be worth $3.6 billion in 2009, and expected to reach $10.2 billion by 2014, driven by the multiple treatment applications of neurostimulation products, and the emergence of venture capital in the industry.

Browse 48 market data tables and in-depth TOC on "Neurostimulation market".
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The Global Neurostimulation report analyzes the neurostimulation products, applications and technology market over the period 2009-2014. The report studies the major market drivers, restraints, and opportunities for the global neurostimulation market; and also evaluates the major trends in the macro- and micro-markets with respect to different geographic regions.

The neurostimulation market is driven mainly by technology advancements, rising consumer awareness, rising age-related neurological disorders, improved clinical outcomes, long-term cost-effectiveness, increased FDA approvals for clinical trials, and the development of sophisticated implantable neurostimulation devices. Currently, there is a huge influx of new players entering into the market, thus leading to increased investments and R&D activities.

The steadily rising demand for neurostimulation treatment is mainly driven by the rising incidence of neurological disorders across the globe, the unsatisfactory outcome of existing treatments, and the increasing consumer focus on improving the quality of life and on reducing treatment cost, hospitals stays, and post-treatment side effects.

Neurosurgeons too are seeking more efficient surgical techniques that involve fewer complexities in the treatment of neurodisorders. Neurostimulation treatments are rapidly gaining popularity also because they are minimally-invasive procedures that have a longer-lasting effect than conventional treatments. This report segments the neurostimulation market into the submarkets for (neurostimulation) products, applications, and technologies.

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