Global Vagus Nerve Stimulator market is projected to reach USD 548.67 Billion by 2026 from USD XX Billion in 2018, at a CAGR of XX % during the forecast period.
Vagus nerve stimulation (VNS) is a process in which a device is placed internally or externally of the body by stimulating the vagus nerve by giving electrical impulses. Research and surveys report that around 50% of the total global population is affected by a neurological disorder. The implantable vagus device is surgically grafted inside the body where on the other hand the external vagus stimulator is a totally non-invasive device. This device is conventionally used to treat epilepsy and depression.
The market is driven by a paradigm shift from implantable and non-invasive devices, the vagus nerve stimulator (VNS) terrain is gradually encouraging the development of transcutaneous VNS to be witnessed over the next couple of decades. Furthermore, growing R&D endeavor in the integration of next-generation technology to bypass the drawbacks of implantable VNS is likely to shape the future of vagus nerve stimulator marketplace.
Although, the inadequacy of efficient professionals and high cost associated with neurostimulator devices, the complication in reference to VNS, high maintenance and low battery lifetime limit the market growth.
By product scanning, the market is split up on the basis of implantable VNS devices and external VNS devices.
By regional analysis, in the year 2018, North America held the prodigious market share in vagus nerve stimulator market and is steadily followed by the Asia Pacific during the forecast period.
The objective of the report is to present a comprehensive assessment projections with a suitable set of assumptions and methodology. The report also helps in understanding global Vagus nerve stimulator market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global vagus nerve stimulator market.
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Scope of the Global Vagus Nerve Stimulator market
Global Vagus Nerve Stimulator market, By Product
• Implantable VNS Devices
• External VNS Devices
Global Vagus Nerve Stimulator market,By Application
Global Vagus Nerve Stimulator market,By Biomaterial
Global Vagus Nerve Stimulator market, By End User
• Ambulatory Surgical Centers (ASCS)
Global Vagus Nerve Stimulator market, By region
• North America
• Asia Pacific
• Latin America
• Middle East Africa
Global Vagus Nerve Stimulator market, Key players
• Liva Nova PLC (UK),
• Entero Medics Inc. (US)
• Electro Core Medical LLC (US),
• Beijing Medical Equipment
• Boston Scientific Corporation (US),
• Cyberonics, Inc. (US),
• NeuroMetrix, Inc.(US),
• ImThera Medical (US),
• Inspire Medical Systems, Inc. (US).
• BioControl Medica
• Cerbomed GmbH
• Reshape Lifesciences,Inc.,
• NERVANA LLC
• Parasym Health
• Innovative Health Solution Inc.,
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