Neuromodulation Market Is Projected to Reach $4.3 Billion by 2030 | Allied Market Research
The global neuromodulation market is projected to reach $4,342.50 million by 2030, growing at a CAGR of 6.2% from 2021 to 2030.
PORTLAND, OREGON, UNITED STATES, March 2, 2023 /EINPresswire.com/ -- Neuromodulation is a technique used to modify the function of the nervous system through the use of electrical or chemical signals. This can be done by applying an electrical current or chemical agent directly to nerve cells, which alters their activity and communication with other cells. Neuromodulation can be used to treat a wide range of neurological and psychiatric disorders, including chronic pain, epilepsy, depression, and Parkinson's disease. It can also be used to enhance cognitive function or to control certain physiological processes, such as heart rate or blood pressure. The global neuromodulation market was valued at $2,480.21 million in 2020, and is projected to reach $4,342.50 million by 2030, growing at a CAGR of 6.2% from 2021 to 2030.
♦ 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐎𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
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By biomaterial, the market is divided into metallic biomaterials, polymeric biomaterials, and ceramic biomaterials. The metallic biomaterials segment dominated the market in 2020, and this trend is expected to continue during the forecast period, due to advantages of metallic biomaterials.
Major market players covered in the report, such as -
Abbott,
Aleva,
Neurotherapeutics SA.,
Boston Scientific Corporation,
LivaNova,
Medtronic,
MicroTransponder,
Neuronetics,
NeuroPace Inc.,
NeuroSigma, and
Nevro Corporation.
𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝟐𝟐𝟎 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) @
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Key Benefits for Stakeholders -
• The report provides quantitative analysis of market segments, current trends, strategies and potential of Neuromodulation Market research to identify potential Neuromodulation Market opportunities in genetics.
• In-depth analysis of this sector helps identify current market opportunities.
• Market analysis and information related to key drivers, restraints and opportunities are provided. • Porter's Five Forces Analysis identifies the capabilities of buyers and suppliers to enable stakeholders to make profitable business decisions and strengthen the network of buyers.
• The largest countries in each region are listed according to their contribution to the global market.
• Focusing on market players makes benchmarking easier and provides a clear understanding of the current market situation.
• The report includes regional and global Neuromodulation Market analysis, key players, market segments, application areas and Market growth strategies.
There are several types of neuromodulation techniques, including:
• Electrical stimulation: This involves using electrodes to deliver electrical current to the nervous system, either through the skin or surgically implanted.
• Chemical stimulation: This involves using drugs or other chemical agents to modulate the activity of the nervous system.
• Magnetic stimulation: This involves using magnetic fields to stimulate the nervous system, usually through the scalp.
Neuromodulation is a rapidly growing field of research and therapy, with new applications and techniques being developed all the time.
The Neuromodulation Market is expected to witness a significant growth in the coming years. This market has gained interest of the healthcare and medical sectors owing to increased prevalence of hypertension throughout the globe. Furthermore, the global Neuromodulation Market is segmented on the basis of product type, end user, and region. leading market players have been introducing various strategies to help enterprises move their on-premise models to on-demand models.
♦ 𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 -
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