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The global neurostimulation devices market size was estimated at over USD 5 billion in 2019 and projected to grow at the CAGR of 13.15% during 2020-2027. Neurostimulation involves modulation or stimulation of neural processes. Growth in the geriatric population, the incidence of chronic pain, neurological diseases such as Parkinson’s disease, and Alzheimer’s disease have presented significant proliferation opportunities for neurostimulation devices. Perpetual growth in the incidence of chronic pain, neurological disorders, and growing awareness about the management of debilitating neurological diseases are the key factors driving the demand for neurostimulation devices. Huge set of unmet needs between the ever-growing patient pool and the efficacy of available treatment options further intensifies the need for more efficient neurostimulation devices in the market.

United statesSouth africaVijendra singhAsia pacificBoston scientific corporationNeuronetics incCompany nameResearch corridorCodman shurtleff incIntrapace incList of key companiesGlobal neurostimulation devices marketNeurostimulation devicesDevices marketGlobal trendsMarket share