According to estimates from World Health Organization, depression is the leading cause of ill health globally, more than 300 million people of all ages suffer from depression. Depression is the leading cause of disability worldwide and is a major contributor to the overall global burden of disease. More women are affected by depression than men. Additionally, as per the National Center for Health Statistics of the Centers for Disease Control and Prevention (CDC), 84,767 people had died due to Alzheimer’s disease. Each year nearly, 50 million people worldwide have epilepsy, making it one of the most common neurological diseases globally.
The article cited AMA's "Global Neurostimulation Devices Market Study" explored CAGR of 11.7%. According to the report, Technology Advancement In Manufacturing Process of Neurostimulation Devices is one of the primary growth factors for the market. Growing Geriatric Population
is also expected to contribute significantly to the Neurostimulation Devices market growth. Overall, Dystonia
applications of Neurostimulation Devices, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Neurostimulation Devices market identified that the demand is rising in many different parts of the world as "Increase In Research and Development Investments for The Development Neurostimulation Devices". Furthermore, some recent industry insights like "In April 2022, Abbott has revamped the digital health app used alongside its neurostimulation devices for chronic pain. This digital health app is helping doctor to track how patients are managing the treatment is better. It is specially designed to track and report on patient-perceived pain relief and general well-being associated with spinal cord stimulation (SCS)." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Neurostimulation Devices market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2021 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Neurostimulation Devices market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Neurostimulation Devices market size is calculated using market estimation process, the Neurostimulation Devices market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Neurostimulation Devices market size has been validated using both top-down and bottom-up approaches.