About Vagal Nerve Stimulators
A procedure in which a device similar to a heart pacemaker is implanted under the skin. It sends regular impulses of electrical energy to the brain through the vagus nerve to prevent or reduce seizures. VNS can improve an individual’s physical health and can offer benefits for several conditions. The treatment has a healing effect on a person’s body due to its ability to promote relaxation and reduce inflammation. People most commonly use VNS to treat epilepsy and depression.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 10.1% |
Competition among existing players is due to the vagal nerve stimulation market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for vagal nerve stimulation Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Vagal Nerve Stimulators market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ReShape Lifesciences Inc. (United States), ElectroCore Medical LLC (United States), Boston Scientific Corporation (United States), Medtronic (Ireland), ImThera Medical, Inc. (United States), Inspire Medical Systems, Inc. (United States), Parasym Ltd (United Kingdom), Innovative Health Solutions, Inc. (United States), Cerbomed GMBH (Germany), Soterix Medical Inc. (United States) and MicroTransponder Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Brain Control Co. (United Kingdom), SetPoint Medical (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Vagal Nerve Stimulators market by Type (Implantable VNS Device and Non-invasive VNS Device), Application (Pain Management, Epileptic Seizures, Obesity Management, Depression, Anxiety and Others) and Region.
On the basis of geography, the market of Vagal Nerve Stimulators has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Patient Type, the sub-segment i.e. Adults will boost the Vagal Nerve Stimulators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospital will boost the Vagal Nerve Stimulators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing number of neurological disorders. and Increasing investment in research and development for vagal nerve stimulation.
Market Growth Drivers:
Growing incidence of neurological disorder such as epilepsy, depression and migraine. and The rising adoption of minimally invasive neurosurgical procedures.
Challenges:
Stringent regulation and time consuming approval processes for neurostimulation.
Restraints:
High device cost. and Limited availability of skilled professionals.
Opportunities:
Technological advancement in VNS devices. and Rapid increase in cases of depression.
Market Leaders and their expansionary development strategies
In September 2023, Boston Scientific Corporation, announced it has entered into a definitive agreement to acquire Relievant Medsystems, Inc., a privately held medical technology company that has developed and commercialized the Intracept Intraosseous Nerve Ablation System to treat vertebrogenic pain, a form of chronic low back pain. The transaction includes an upfront cash payment of USD 850 million and undisclosed additional contingent payments based on sales performance over the next three years. Acquisition intended to expand neuromodulation portfolio to provide more treatment options for people living with chronic low back pain.
In February 2023, Medical technology company LivaNova has launched SenTiva DUO, a new implantable pulse generator (IPG). Featuring a dual-pin head, the new IPG is designed to provide Vagus Nerve Stimulation (VNS) therapy for drug-resistant epilepsy treatment.
Key Target Audience
Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.