Peripheral nerve stimulator market segmentation, dynamics, trends, growth and insights

1. Peripheral Nerve Stimulator Market Segmentation, Dynamics, Trends,
Growth and Insights
Peripheral nerve stimulator is a system generally used for the treatment of neurological
diseases and disorders with symptoms such as complex regional pain syndrome, neck pain,
low back pain, and painful nerve injuries. The prevalence of these diseases and disorders is
increasing, which is augmenting its demand and is expected boost growth of the peripheral
nerve stimulators market.
The key players are increasingly developing newer drugs and therapeutic devices, which
drive the growth of the market. Also, the U.S. Food and Drugs Administration is
increasingly offering breakthrough for the effective drugs are likely to offer opportunities
for growth in coming years. For instance, in 2018, the FDA allowed the only percutaneous
PNS (Peripheral Nerve Stimulation) system allowed for sale in the U.S. for the company
named SPR Therapeutics, Inc. Additionally, the disorders such as Parkinson’s, epilepsy,
Alzheimer’s, depression, and essential tremors are prevailing more which is estimated to
drive growth of the global peripheral nerve stimulators market. As per the statistics of
World Health Organization (WHO) in 2017, around 50 million people are affected by
epilepsy globally. Furthermore, this number of patients is likely to be doubled in every 20
years, reaching 75 million by 2030.
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The large prevalence of neurological disorders especially among the elderly population
coupled with increase in healthcare expenditure for exploring effective treatments for
neurological disorders are the major drivers for growth of the peripheral nerve stimulators
market. However, low screening rate or late screening mainly in the developing countries is
restraining growth of the market. Also, this scenario is likely to be same for next some
years, which will offer growth possibilities and chances to expand the awareness programs
globally.
Market Segmentation:
The peripheral nerve stimulators market is segmented on product, end user, and region.
On the basis of end user, the market report is segmented into hospitals & clinics,
ambulatory centers, and specialty center.
On the basis of product, the market report is segmented into transcutaneous and
implantable.
Competitive Analysis:
Some of the major companies in the global peripheral nerve stimulators market include –

2. Braun Melsungen AG
Enteromedics
Avanos Pain Management
ElectroCore Inc.
NeuroMetrix Inc.
NeuroSigma Inc
SPR Therapeutics LLC
SUNMED INC.
Stimwave LLC.
Vygon SA
Medline Industries Inc.
Boston Scientific Corporation
and Others.
Industry News:
In 2019, Checkpoint Surgical received a breakthrough from the FDA and electro stimulation
therapy for treating nerve injury. The system is aimed to improve outcomes after surgeries
to bolster nerve regeneration.
Regional Analysis:
Regionally, the peripheral nerve stimulators market is segmented into the Americas,
Europe, Asia Pacific, and the Middle East & Africa. Of these, the Americas is estimated to
remain dominant in the global peripheral nerve stimulators market in the coming period
owing to the large patient pool suffering from neurological disorders coupled with strong
presence of key players in the market. Additionally, the advent of advanced technologies
for treatment of these neurological disorders owing to awareness about disorders and
highest prevalence of screening are fuelling growth of the global peripheral nerve
stimulators market.
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3. However, the market in Asia Pacific is estimated to be largely expanding region owing to
high investment for improving healthcare infrastructure coupled with demand for robust
treatments for treating these disorders. Additionally, increasing screening of the
neurological disorders which increases demand for its effective and efficient treatments in
the region. This scenario is likely to be same in coming year, which in turn will fuel growth
of the market in coming years.
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