iCrowd Newswire – Jun 24, 2020
A brain pacemaker is a medical device implanted into the brain to stimulate the nervous tissues with electric signals. These pacemakers are being used widely to provide treatment to the patients having neurological disorders such as Parkinson’s disease, epilepsy, and others. Other than giving stimulation to the brain, pacemakers also play an essential role in stimulating the spinal cord. Brain pacemakers have been found to offer a safe and effective procedure that provides symptomatic relief to patients.
The brain pacemakers market is anticipated to grow in the forecast, owing to the rising cases of neurological disorders, coupled with the introduction of innovative solutions by the manufacturers. Also, the availability of government support for the treatment of mental disorders is expected to offer significant growth opportunities in the market during the forecast period.
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Key Players Influencing the Market:
- ALEVA NEUROTHERAPEUTICS SA
- Beijing PINS Medical Co., Ltd.
- Boston Scientific Corporation
- INNOVATIVE NEUROLOGICAL DEVICES
- LivaNova PLC
- NeuroPace, Inc.
- Nexeon MedSystems Inc.
- Zynex Medical
The brain pacemakers market is segmented based on product type, application, and end user. Based on product type, the market is segmented as a dual-channel and a single channel. Based on the use, the market is classified as Alzheimer’s disease, dystonia, epilepsy, essential tremor, epilepsy, obsessive-compulsive disorder, and other applications. Similarly based on end user, the market is categorized as, ambulatory surgical centers, hospitals & clinics and other end users.
The Brain Pacemakers Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 18 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.
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