Global Neurostimulation Devices Market Will Grow US$ 10,445.7 million by 2020

By: Persistence Market Research Pvt. Ltd  05/28/2015
Keywords: Neurostimulation Devices Market

According to a new market report published by Persistence Market Research “Global Market Study on Neurostimulation Devices - Deep Brain Stimulation Devices to Witness Highest Growth by 2020,” the global neurostimulation devices market was valued at US$ 5,088.9 Mn in 2014 and is expected to grow at a CAGR of 12.7% from 2014 to 2020, to reach US$ 10,445.7 Mn by 2020. Browse the full Neurostimulation Devices Market report at http://www.persistencemarketresearch.com/market-research/neurostimulation-devices-market.asp Neurostimulation technology involves the use of microelectrodes to activate elements of the nervous system. It involves the use of a neurostimulation device - a battery-powered stopwatch-sized device - which is surgically implanted in the brain and delivers electric signals at scheduled time intervals to the nervous system. These electric signals develop tingling sensations (paresthesia) in the damaged nerve and helps chronic pain and neurological disorders. In chronic pain conditions, these electric signals block the pain messages from the damaged nerve from reaching the brain. These devices are gaining importance in the management of chronic conditions such neuropathic pain, nociceptive pain, Parkinson’s disease, epilepsy, and depression. Neuropathic pain occurs due to nerve damage, while nociceptive pain arises from diseases such as diabetes, cancer, and arthritis. These devices are mostly used in cases where systemic drug therapies are not effective.

Keywords: Neurostimulation Devices Market

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