ASIA-PACIFIC NEUROSTIMULATION MARKET 2019-2027

Lifesciences | Medical Devices & Consumables

ASIA-PACIFIC NEUROSTIMULATION MARKET 2019-2027

Market By System, Applications, And Geography | Forecast 2019-2027

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As per the Triton Market Research analysis, the Asia-Pacific neurostimulation device market is expected to flourish at a CAGR of 11.78% over the forecast period of 2019-2027.

Geographically, the countries studied in the Asia-Pacific neurostimulation device market are:

•           China

•           Japan

•           India

•           South Korea

•           ASEAN Countries

•           Australia

•           Rest of Asia-Pacific

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The Asia-Pacific region is one of the most profitable markets available for the growth of neurostimulation devices. The region is expected to boom with the highest CAGR in terms of revenue during the forecasted period. An increase in lifestyle-oriented diseases, growing confidence of doctors in the use of neurostimulation devices, and developments in healthcare infrastructure are the major market drivers in the region.

In India, many state governments and foreign private organizations have been taking initiatives to contribute to the neurostimulation device market growth. For instance, according to the World Health Organization (WHO), the stroke rate accounts for 58 per 100000 individuals among the population of the country. People from the age group of 55 and above are likely to get affected by stroke in the country. This has led to an increase in the demand & adoption of neurostimulation devices in India.

Similarly, in China, the prevalence of the aging population and lifestyle diseases such as dementia drive the neurostimulation device market. According to the Ministry of Health, the number of individuals affected by dementia in China accounts for around 20% of dementia cases across the world in 2017, which is approximately 50 million. Thus, China is predicted to create the biggest market for neurostimulation devices during the forecasted years.

Boston Scientific Corporation is a leading company that manufactures, develops, and markets medical devices that are used in numerous interventional medical specialties. The company has a presence in almost every surgical segment due to its broad portfolio of products. The company provides drug-eluting coronary stent systems and intravascular catheter-directed ultrasound imaging catheters and systems. The company has its operations in Asia-Pacific, Europe, the Americas, and the Middle East and Africa.


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Table of Content

1.    ASIA-PACIFIC NEUROSTIMULATION MARKET – SUMMARY

2.    INDUSTRY OUTLOOK

2.1. MARKET DEFINITION

2.2. PORTER’S FIVE FORCES MODEL

2.2.1.   THREAT OF NEW ENTRANTS

2.2.2.   THREAT OF SUBSTITUTES

2.2.3.   BARGAINING POWER OF SUPPLIERS

2.2.4.   BARGAINING POWER OF BUYERS

2.2.5.   THREAT OF RIVALRY

2.3. VALUE CHAIN OUTLOOK

2.4. MARKET TRENDS

2.5. MARKET SHARE OUTLOOK

2.6. PESTLE OUTLOOK

2.7. MARKET ATTRACTIVENESS INDEX

2.8. KEY INSIGHT

2.9. MARKET DRIVERS

2.9.1.   RISING INCIDENCE OF NEURO DISEASES

2.9.2.   INCREASING GERIATRIC POPULATION

2.9.3.   GROWING DEMAND FOR MRI SCANS

2.9.4.   FAVORABLE REIMBURSEMENT POLICIES

2.10.            MARKET RESTRAINTS

2.10.1.                HIGH COST OF NEUROMODULATION TREATMENT

2.10.2.                PRESENCE OF ALTERNATIVE THERAPY

2.11.            MARKET OPPORTUNITIES

2.11.1.                HIGH MARKET POTENTIAL FOR SCS DEVICES IN NEUROSTIMULATION

2.11.2.                TECHNOLOGICAL DEVELOPMENT

2.11.3.                GROWING INCIDENCE OF CHRONIC DISCOMFORT

2.12.            MARKET CHALLENGES

2.12.1.                STRINGENT REGULATORY APPROVALS

2.12.2.                SIDE-EFFECTS OF ASSOCIATED NEUROSTIMULATION DEVICES

3.    NEUROSTIMULATION DEVICE MARKET OUTLOOK – BY SYSTEM

3.1. SPINAL CORD STIMULATORS (SCS)

3.2. DEEP BRAIN STIMULATORS (DBS)

3.3. SACRAL NERVE STIMULATORS (SNS)

3.4. VAGUS NERVE STIMULATORS (VNS)

3.5. GASTRIC ELECTRIC STIMULATOR

3.6. OTHER SYSTEMS

4.    NEUROSTIMULATION DEVICE MARKET OUTLOOK – BY APPLICATIONS

4.1. PAIN MANAGEMENT

4.2. EPILEPSY

4.3. ESSENTIAL TREMOR

4.4. URINARY AND FECAL INCONTINENCE

4.5. DEPRESSION

4.6. DYSTONIA

4.7. GASTROPARESIS

4.8. PARKINSON’S DISEASE

4.9. OTHER APPLICATIONS

5.    NEUROSTIMULATION DEVICE MARKET – REGIONAL OUTLOOK

5.1.1.   COUNTRY ANALYSIS

5.1.1.1.      INDIA

5.1.1.2.      CHINA

5.1.1.3.      JAPAN

5.1.1.4.      AUSTRALIA & NEW ZEALAND

5.1.1.5.      SOUTH KOREA

5.1.1.6.      ASEAN COUNTRIES

5.1.1.7.      REST OF ASIA-PACIFIC

6.    COMPANY PROFILES

6.1. NEURONETICS, INC.

6.2. ST. JUDE MEDICAL, INC. (ACQUIRED BY ABBOTT LABORATORIES)

6.3. HOCOMA AG

6.4. NEVRO CORP.

6.5. CYBERONICS INC.

6.6. COGENTIX MEDICAL, INC.

6.7. DEPUY SYNTHES COMPANIES

6.8. DR. LANGER MEDICAL GMBH

6.9. MEDTRONIC PLC

6.10.            THE MAGSTIM COMPANY LIMITED

6.11.            ECTRON LIMITED

6.12.            BOSTON SCIENTIFIC CORPORATION

6.13.            EKSO BIONICS HOLDING INC.

6.14.            ALEVA NEUROTHERAPEUTICS SA

6.15.            HELIUS MEDICAL TECHNOLOGIES

7.    RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.1.1.   OBJECTIVES OF STUDY

7.1.2.   SCOPE OF STUDY

7.2. SOURCES OF DATA

7.2.1.   PRIMARY DATA SOURCES

7.2.2.   SECONDARY DATA SOURCES

7.3. RESEARCH METHODOLOGY

7.3.1.   EVALUATION OF PROPOSED MARKET

7.3.2.   IDENTIFICATION OF DATA SOURCES

7.3.3.   ASSESSMENT OF MARKET DETERMINANTS

7.3.4.   DATA COLLECTION

7.3.5.   DATA VALIDATION & ANALYSIS

            

List of table

TABLE 1        ASIA-PACIFIC NEUROSTIMULATION DEVICE MARKET 2019-2027 ($ MILLION)

TABLE 2        ASIA-PACIFIC NEUROSTIMULATION DEVICE MARKET BY SYSTEM 2019-2027 ($ MILLION)

TABLE 3        ASIA-PACIFIC NEUROSTIMULATION DEVICE MARKET BY APPLICATIONS 2019-2027 ($ MILLION)

TABLE 4        ASIA-PACIFIC NEUROSTIMULATION DEVICE MARKET BY COUNTRY 2019-2027 ($ MILLION) 

                                    

List of Figures

FIGURE 1      ASIA-PACIFIC NEUROSTIMULATION DEVICE MARKET 2019-2027 ($ MILLION)

FIGURE 2      VALUE CHAIN OUTLOOK

FIGURE 3      NEUROSTIMULATION DEVICE COMPANY MARKET SHARE OUTLOOK 2018 (%)

FIGURE 4      ASIA-PACIFIC NEUROSTIMULATION DEVICE MARKET BY SPINAL CORD STIMULATORS 2019-2027 ($ MILLION)

FIGURE 5      ASIA-PACIFIC NEUROSTIMULATION DEVICE MARKET BY DEEP BRAIN STIMULATORS 2019-2027 ($ MILLION)

FIGURE 6      ASIA-PACIFIC NEUROSTIMULATION DEVICE MARKET BY SACRAL NERVE STIMULATORS 2019-2027 ($ MILLION)

FIGURE 7      ASIA-PACIFIC NEUROSTIMULATION DEVICE MARKET BY VAGUS NERVE STIMULATORS 2019-2027 ($ MILLION)

FIGURE 8      ASIA-PACIFIC NEUROSTIMULATION DEVICE MARKET BY GASTRIC ELECTRIC STIMULATOR 2019-2027 ($ MILLION)

FIGURE 9      ASIA-PACIFIC NEUROSTIMULATION DEVICE MARKET BY OTHER SYSTEM 2019-2027 ($ MILLION)

FIGURE 10   ASIA-PACIFIC NEUROSTIMULATION DEVICE MARKET BY PAIN MANAGEMENT 2019-2027 ($ MILLION)

FIGURE 11   ASIA-PACIFIC NEUROSTIMULATION DEVICE MARKET BY EPILEPSY 2019-2027 ($ MILLION)

FIGURE 12   ASIA-PACIFIC NEUROSTIMULATION DEVICE MARKET BY ESSENTIAL TREMOR 2019-2027 ($ MILLION)

FIGURE 13   ASIA-PACIFIC NEUROSTIMULATION DEVICE MARKET BY URINARY AND FECAL INCONTINENCE 2019-2027 ($ MILLION)

FIGURE 14   ASIA-PACIFIC NEUROSTIMULATION DEVICE MARKET BY DEPRESSION 2019-2027 ($ MILLION)

FIGURE 15   ASIA-PACIFIC NEUROSTIMULATION DEVICE MARKET BY DYSTONIA 2019-2027 ($ MILLION)

FIGURE 16   ASIA-PACIFIC NEUROSTIMULATION DEVICE MARKET BY GASTROPARESIS 2019-2027 ($ MILLION)

FIGURE 17   ASIA-PACIFIC NEUROSTIMULATION DEVICE MARKET BY PARKINSON’S DISEASE 2019-2027 ($ MILLION)

FIGURE 18   ASIA-PACIFIC NEUROSTIMULATION DEVICE MARKET BY OTHER APPLICATIONS 2019-2027 ($ MILLION)

FIGURE 19   INDIA NEUROSTIMULATION DEVICE MARKET 2019-2027 ($ MILLION)

FIGURE 20   CHINA NEUROSTIMULATION DEVICE MARKET 2019-2027 ($ MILLION)

FIGURE 21   JAPAN NEUROSTIMULATION DEVICE MARKET 2019-2027 ($ MILLION)

FIGURE 22   AUSTRALIA & NEW ZEALAND NEUROSTIMULATION DEVICE MARKET 2019-2027 ($ MILLION)

FIGURE 23   SOUTH KOREA NEUROSTIMULATION DEVICE MARKET 2019-2027 ($ MILLION)

FIGURE 24   ASEAN COUNTRIES NEUROSTIMULATION DEVICE MARKET 2019-2027 ($ MILLION)

FIGURE 25   REST OF ASIA-PACIFIC NEUROSTIMULATION DEVICE MARKET 2019-2027 ($ MILLION)

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