{"product_id":"global-neurotech-devices-market-size-study-forecast-by-product-neurostimulation-neuroprostheses-neurosensing-neurorehabilitation-devices-by-conditions-pain-management-cognitive-disorders-epilepsy-urinary-and-fecal-incontinence-hearing-condit","title":"Global Neurotech Devices Market Size study \u0026 Forecast, by Product (Neurostimulation, Neuroprostheses, Neurosensing, Neurorehabilitation Devices), by Conditions (Pain Management, Cognitive Disorders, Epilepsy, Urinary and Fecal Incontinence, Hearing Condit","description":"\u003cp\u003eGlobal Neurotech Devices Market Size study \u0026amp; Forecast, by Product (Neurostimulation, Neuroprostheses, Neurosensing, Neurorehabilitation Devices), by Conditions (Pain Management, Cognitive Disorders, Epilepsy, Urinary and Fecal Incontinence, Hearing Conditions, Parkinson’s Disease, Depression, Sleep Disorders, Essential Tremor), by End-use (Hospitals, Ambulatory Surgical Centers, Homecare Facilities) and Regional Analysis, 2022-2029\u003cbr\u003e\nGlobal Neurotech Devices Market is valued approximately USD 10.90 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 14.5% over the forecast period 2022-2029. The neurotech devices market refers to the industry that develops and sells devices that are used to diagnose and treat neurological disorders. These devices use various technologies to interface with the nervous system, including electrical stimulation, optogenetics, and neural prosthetics. Examples of neurotech devices include brain-computer interfaces, deep brain stimulators, neurostimulators, and neuromodulators. The major driving factor for the market are rising prevalence of neurological disorders, growing geriatric population and increasing investment in research and development. Moreover, rising technological advancements and growing demand for non-invasive and minimally invasive treatments is creating lucrative growth opportunity for the market over the forecast period 2022-2029.\u003c\/p\u003e\n\n\u003cp\u003eThere has been a significant increase in the number of people affected by neurological disorders such as Alzheimer's disease, Parkinson's disease, and epilepsy. According to the World Health Organization, neurological disorders are responsible for 6.3% of the global disease burden. This has led to an increase in demand for innovative and effective treatments, which has driven the growth of the neurotech devices market. Along with this, rapid advancements in technology have led to the development of more sophisticated and effective neurotech devices. For example, the development of brain-computer interfaces has allowed paralyzed individuals to control prosthetic limbs using their thoughts. These technological advancement have increased the efficacy and scope of neurotech devices, leading to greater demand and growth in the market. However, the high cost of Neurotech Devices stifles market growth throughout the forecast period of 2022-2029.\u003c\/p\u003e\n\n\u003cp\u003eThe key regions considered for the Global Neurotech Devices Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominates the global neurotech devices market due to factors such as increasing prevalence of neurological disorders, rising investment in research and development, favorable regulatory framework, and advanced healthcare infrastructure. The United States has\u003c\/p\u003e\n\n\u003cp\u003e- the largest market in North America, accounting for the majority of the regional market share. The Asia Pacific region is expected to witness the fastest growth in the neurotech devices market due to factors such as increasing prevalence of neurological disorders, rising investment in research and development, and growing healthcare infrastructure. China, Japan, and India are the major markets in the region.\u003c\/p\u003e\n\n\u003cp\u003eMajor market player included in this report are:\u003cbr\u003e\nMedtronic\u003cbr\u003e\nAbbott Laboratories\u003cbr\u003e\nBoston Scientific Corporation\u003cbr\u003e\nCochlear Limited\u003cbr\u003e\nStryker Corporation\u003cbr\u003e\nLivaNova\u003cbr\u003e\nNihon Kohden Corporation\u003cbr\u003e\nNeuroPace\u003cbr\u003e\nNeuroMetrix\u003cbr\u003e\nBrainScope\u003c\/p\u003e\n\n\u003cp\u003eRecent Developments in the Market:\u003cbr\u003e\nIn January 2021, Medtronic launched its latest deep brain stimulation system, the Percept PC neurostimulator, which features brain sensing technology that can record and track brain signals for more personalized therapy.\u003cbr\u003e\nIn October 2020, Abbott Laboratories received approval from the US FDA for its Infinity DBS system, a deep brain stimulation system for the treatment of Parkinson's disease.\u003cbr\u003e\nIn November 2020, Boston Scientific announced positive results from a clinical trial of its Vercise Genus deep brain stimulation system for the treatment of Parkinson's disease.\u003cbr\u003e\nIn September 2020, Cochlear Limited received approval from the US FDA for its Osia 2 bone conduction hearing implant system.\u003cbr\u003e\nIn October 2020, Stryker Corporation completed its acquisition of Wright Medical, a medical device company that specializes in orthopedics, including neurotech devices for the treatment of foot and ankle disorders.\u003cbr\u003e\nGlobal Neurotech Devices Market Report Scope:\u003cbr\u003e\nHistorical Data 2019-2020-2021\u003cbr\u003e\nBase Year for Estimation 2021\u003cbr\u003e\nForecast period 2022-2029\u003cbr\u003e\nReport Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends\u003cbr\u003e\nSegments Covered Product, Conditions, End-use, Region\u003cbr\u003e\nRegional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World\u003c\/p\u003e\n\n\u003cp\u003eThe objective of the study is to define market sizes of different segments \u0026amp; countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.\u003c\/p\u003e\n\n\u003cp\u003eThe report also caters detailed information about the crucial aspects such as driving factors \u0026amp; challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.\u003c\/p\u003e\n\n\u003cp\u003eThe detailed segments and sub-segment of the market are explained below:\u003cbr\u003e\nBy Product:\u003cbr\u003e\nNeurostimulation\u003cbr\u003e\nNeuroprostheses\u003cbr\u003e\nNeurosensing\u003cbr\u003e\nNeurorehabilitation Devices\u003cbr\u003e\nBy Conditions:\u003cbr\u003e\nPain Management\u003cbr\u003e\nCognitive Disorders\u003cbr\u003e\nEpilepsy\u003cbr\u003e\nUrinary and Fecal Incontinence\u003cbr\u003e\nHearing Conditions\u003cbr\u003e\nParkinson’s Disease\u003cbr\u003e\nDepression\u003cbr\u003e\nSleep Disorders\u003cbr\u003e\nEssential Tremor\u003cbr\u003e\nBy End-use:\u003cbr\u003e\nHospitals\u003cbr\u003e\nAmbulatory Surgical Centers\u003cbr\u003e\nHomecare Facilities\u003c\/p\u003e\n\n\u003cp\u003eBy Region:\u003cbr\u003e\nNorth America\u003cbr\u003e\nU.S.\u003cbr\u003e\nCanada\u003cbr\u003e\nEurope\u003cbr\u003e\nUK\u003cbr\u003e\nGermany\u003cbr\u003e\nFrance\u003cbr\u003e\nSpain\u003cbr\u003e\nItaly\u003cbr\u003e\nROE\u003cbr\u003e\nAsia Pacific\u003cbr\u003e\nChina\u003cbr\u003e\nIndia\u003cbr\u003e\nJapan\u003cbr\u003e\nAustralia\u003cbr\u003e\nSouth Korea\u003cbr\u003e\nRoAPAC\u003cbr\u003e\nLatin America\u003cbr\u003e\nBrazil\u003cbr\u003e\nMexico\u003cbr\u003e\nRest of the World\u003c\/p\u003e\n\n\u003cp\u003eCompanies Mentioned\u003c\/p\u003e\n\n\u003cp\u003eMedtronic\u003cbr\u003e\nAbbott Laboratories\u003cbr\u003e\nBoston Scientific Corporation\u003cbr\u003e\nCochlear Limited\u003cbr\u003e\nStryker Corporation\u003cbr\u003e\nLivaNova\u003cbr\u003e\nNihon Kohden Corporation\u003cbr\u003e\nNeuroPace\u003cbr\u003e\nNeuroMetrix\u003cbr\u003e\nBrainScope\u003c\/p\u003e\n\n\u003cp\u003ePlease note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.\u003c\/p\u003e","brand":"Life Science","offers":[{"title":"May, 2023 \/ 200 Pages \/ MCW16244686","offer_id":47662561132850,"sku":null,"price":5940.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/global-neurotech-devices-market-size-study-forecast-by-product-neurostimulation-neuroprostheses-neurosensing-neurorehabilitation-devices-by-conditions-pain-management-cognitive-disorders-epilepsy-urinary-and-fecal-incontinence-hearing-condit","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}