LATIN AMERICA NEUROSTIMULATION DEVICE MARKET 2019-2027

Lifesciences | Medical Devices & Consumables

LATIN AMERICA NEUROSTIMULATION DEVICE MARKET 2019-2027

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

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The Latin America neurostimulation device market is estimated to grow at a CAGR of 10.55% for the forecasting years 2019-2027.

The countries analyzed in the neurostimulation device market in the Latin American region are:

•           Brazil

•           Mexico

•           Rest of Latin America

The governments of Latin America have been investing significantly to promote research in Alzheimer’s disease and dementia to deliver new neurological devices. For instance, the Alzheimer’s Association has invested around $84 million in 400 active projects in Latin American countries. The primary objective of this investment is to provide new and advanced devices to treat neurological disorders like Alzheimer’s and dementia. This would help in boosting the growth of the neurostimulation device market in the region.

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There is a high mortality rate in Brazil due to Alzheimer’s disease, which is expected to increase the demand for neurostimulation devices as these devices are highly used to treat patients with any neurological disorders. The Brazilian government has also introduced several healthcare programs and policies in order to promote the physical, mental, and social wellbeing of elderly people. Although the market for the diagnosis of Alzheimer’s disease in Brazil is highly underdeveloped, there is a huge potential to witness significant growth by the end of the forecasting years. For example, the Brazilian Alzheimer’s Association (ABRAz) provides support to families that are suffering from dementia. Additionally, many private healthcare insurance providers are providing their assistance for eldercare to senior citizens. These initiatives are expected to fuel the adoption of neurostimulation devices to treat patients by offering physical therapies and training that will help to reduce the recovery period.

DePuy Synthes Companies is a franchise of neurosurgery and orthopedic companies. The company develops and markets various products under brands such as DePuy Mitek, DePuy Orthopedic, DePuy spine, and Codman. The products under DePuy Spine facilitate fusion of spine & correction of spinal deformities, preserve motion of the spine, and repair bone fractures. The company has its presence globally, including regions such as North America, Latin America, Asia-Pacific, Europe, and the Middle East and Africa.



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Table of Content

1.    LATIN AMERICA NEUROSTIMULATION DEVICE 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

2.10.            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 SYSTEMS

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 SYSTEM

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.      BRAZIL

5.1.1.2.      MEXICO

5.1.1.3.      REST OF LATIN AMERICA

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        LATIN AMERICA NEUROSTIMULATION DEVICE MARKET 2019-2027 ($ MILLION)

TABLE 2        LATIN AMERICA NEUROSTIMULATION DEVICE MARKET BY SYSTEM 2019-2027 ($ MILLION)

TABLE 3        LATIN AMERICA NEUROSTIMULATION DEVICE MARKET BY APPLICATIONS 2019-2027 ($ MILLION)

TABLE 4        LATIN AMERICA NEUROSTIMULATION DEVICE MARKET BY COUNTRY 2019-2027 ($ MILLION)

List of Figures

FIGURE 1      LATIN AMERICA NEUROSTIMULATION DEVICE MARKET 2019-2027 ($ MILLION)

FIGURE 2      VALUE CHAIN OUTLOOK

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

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

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

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

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

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

FIGURE 9      LATIN AMERICA NEUROSTIMULATION DEVICE MARKET BY OTHER SYSTEM 2019-2027 ($ MILLION)

FIGURE 10   LATIN AMERICA NEUROSTIMULATION DEVICE MARKET BY PAIN MANAGEMENT 2019-2027 ($ MILLION)

FIGURE 11   LATIN AMERICA NEUROSTIMULATION DEVICE MARKET BY EPILEPSY 2019-2027 ($ MILLION)

FIGURE 12   LATIN AMERICA NEUROSTIMULATION DEVICE MARKET BY ESSENTIAL TREMOR 2019-2027 ($ MILLION)

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

FIGURE 14   LATIN AMERICA NEUROSTIMULATION DEVICE MARKET BY DEPRESSION 2019-2027 ($ MILLION)

FIGURE 15   LATIN AMERICA NEUROSTIMULATION DEVICE MARKET BY DYSTONIA 2019-2027 ($ MILLION)

FIGURE 16   LATIN AMERICA NEUROSTIMULATION DEVICE MARKET BY GASTROPARESIS 2019-2027 ($ MILLION)

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

FIGURE 18   LATIN AMERICA NEUROSTIMULATION DEVICE MARKET BY OTHER APPLICATIONS 2019-2027 ($ MILLION)

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

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

FIGURE 21   REST OF LATIN AMERICA NEUROSTIMULATION DEVICE MARKET 2019-2027 ($ MILLION)

           

           

            

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