The Latin America, Middle East and Africa Neurostimulation Devices Market would witness market growth of 13.5% CAGR during the forecast period (2020-2026). Growth in the market for neurostimulation devices is due to increased use of neurostimulation devices in pain management and increased use of neurostimulation devices in developing economies. In addition, an increase in the incidence of chronic diseases is expected globally to boost the growth of the market for neurostimulation devices.
In addition, the increased demand for minimally invasive treatment, the uptake of technologically advanced products and the rise of aging demographics further accelerate market growth as they become more vulnerable to neurological diseases such as epilepsy, Parkinson's disease, Alzheimer's disease, and chronic pain. The major barriers in the growth of the market for neurostimulation devices are adverse effects such as allergic reactions and tingling or prickling of the skin related to the implantation of the neurostimulation system into the body and higher product costs. The availability of other treatment options such as drug therapies and surgeries however restrict the market growth.
Based on Devices, the market is segmented into Spinal Cord Stimulators, Deep Brain Stimulators, Sacral Nerve Stimulators, Vagus Nerve Stimulators and Other Devices. Based on Applications, the market is segmented into Pain Management, Hearing Loss, Urinary Incontinence, Parkinson's Disease, Epilepsy and Other Applications. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Neurostimulation Devices Market in LAMEA is expected to register a CAGR of 13.5% during the forecast period (2020-2026)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Abbott Laboratories, Boston Scientific Corporation, Nevro Corporation, Medtronic PLC, NeuroSigma, Inc., Integer Holdings Corporation, LivaNova PLC, NeuroPace, Inc., Neuronetics, Inc., and Synapse BioMedical, Inc.
Market Segmentation:
By Devices
By Applications
By Country
Companies Profiled
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