Home / Press Release / Global Vagus Nerve Stimulator Market Expected to Grow At a CAGR of 7.4% During the Forecast Period

Global Vagus Nerve Stimulator Market Expected to Grow At a CAGR of 7.4% During the Forecast Period

The latest market report published by Credence Research, Inc. “Vagus Nerve Stimulator Market: Growth, Future Prospects, and Competitive Analysis, 2019 - 2027” the market growing at a CAGR of 7.4% during the forecast period from 2019 to 2027. 

Market Insights 

The global vagus nerve stimulator market is emerging efficiently from 2019 to 2027 accredited to increase in the minimally invasive surgical procedures along with enhanced vagus nerve stimulation therapies worldwide in the field of medical technology. Globally, the U.S. generated maximum revenue in 2018. The top manufacturers in the U.S. continue to focus on R&D to innovate new applications along with external VNS Devices. The increasing burden of the cerebral stroke and other neurological disorders, such as Parkinson’s, and Alzheimer’s leads to the increasing number of hospital admissions, which eventually upsurges the demand of neurosurgery devices. As per the statistics by American Neurological Association, neurological disorders impact more than 100 million U.S citizens every year, with the costs of medical expenditure for stroke and dementia alone estimated to total more than US$ 600 billion by 2030. 

The major drivers are increasing number of patients suffering with neurological & lifestyle disorders and swift adoption of latest technology in the U.S market. For e.g. in 2017, the U.S. FDA approved marketing of "gammaCore" (handheld noninvasive vagus nerve stimulator/ (nVNS) therapy) manufactured by ElectroCore LLC, mainly for the preventive treatment of episodic cluster headaches. Major clinical applications for epilepsy and depression will further spur revenue growth for implantable vagus nerve stimulators. Other treatment options include seizures, electroconvulsive therapy, pain, asthma, Crohn’s disease, migraine, and other diseases. However, reimbursement cuts, pricing pressures related to surgery, and complications after surgery and less technology expansion in the developing nations expected to temper revenue growth on a global scale. 

Key Market Movements: 

Browse full report at https://www.credenceresearch.com/report/vagus-nerve-stimulator-market

The Global Vagus Nerve Stimulator Market is Segmented into:

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Million
Segmentation

 By Product Type (2017–2027; US$ Mn)

 By Application (2017–2027; US$ Mn)

 By End-User (2017–2027; US$ Mn)

 By Geography (2017–2027; US$ Mn)

*Complete segmentation list is on report page

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