United States Brain Implants Market to Grow with an Impressive CAGR until 2027
Surge
in brain injuries is driving the growth of United States Brain Implants Market,
in the forecast period.
According to TechSci report on, “United
States Brain
Implants Market -
By Region, Competition Forecast & Opportunities, 2027”. United
States brain implants market
has shown promising growth in historical years until 2021 and is expected to
continue its growth in upcoming forecast years 2023 to 2027. United States brain
implants market owes its growth to the factors like surge in the demand of the
brain implants as a treatment for neurological disorders along with the
increasing number of patients suffering from brain trauma and other nervous
system breakdowns. The neurological disorders are widespread in the geriatric
population of the country. Also, the geriatric population are more susceptible
to neurological degeneration and various other mental disorders. Therefore,
brain implants have proven to be quite helpful in these conditions’ treatment.
Thereby supporting the growth of the United States brain implants market in
upcoming five years. Moreover, various research institutes are actively finding
various other methods to deal with the brain impairments, neurological
disorders and nervous system degenerations. These studies are providing the
market with more advanced medical devices including advanced brain implants
that are aiding the growth of the United States brain implants market in the
next five years.
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The
United States brain implants market is segmented by the product type,
application, end user, competitional landscape, and regional distribution.
Based on application, the market is further bifurcated into chronic pain,
epilepsy, Parkinson’s disease, depression, essential tremor, and Alzheimer’s
disease. Chronic pain is expected to be the dominating application among the
other applications of the brain implants mentioned in the market segmentation
in the next five years. The growth is anticipated on the backbone of surging
demand of the permanent solution and clinical urgency of the chronic pain and
increase in the cases of the chronic pain suffering patients. Various cases of
chronic pain in the neck and backbone are due to neurological disorders or neuron
degenerations. Through the brain implants, electrical impulses are imparted
that revives the degenerating neurons or other brain implants that disrupts the
pain signals to ease the chronic pains. The conditions such as lumbar and
cervical radiculitis, failed back surgery, and neuropathy, chronic pain has
been increasing and to combat the severe conditions, demand of the brain
implants is increasing thereby supporting the growth of the United States brain
implants market in the upcoming five years.
Based
on product type, the market is further divided into deep brain stimulators,
spinal cord stimulators, and vagus nerve stimulators. Deep brain stimulators
are medical devices that are electively selected for the procedure of deep
brain stimulation as a treatment regime for neurological issues like obsessive-compulsive
disorder, Parkinson’s diseases, dystonia, essential tremor, epilepsy, and
Alzheimer’s disease. In this surgical procedure electrodes (brain implants) are
implanted into certain brain areas. These electrodes generate electrical
signals that can control the abnormal brain functions. The advantages of the
surgical process over multiple neurological disorders that has affected mass
population of the country is the key factor driving the growth of the United
States brain implants market in the upcoming five years. Moreover, Vagus nerve
stimulators are expected to register the fastest CAGR growth in the upcoming
five years. These medical devices are used to stimulate the vagus nerve with
electrical impulses which aids in the treatment of epilepsy and depression. The
rising cases of epilepsy and depression are the major cause of the future
growth of the market until 2027.
A partial list
of market players actively leading the market growth include:
- Medtronic Plc.
- Boston Scientific Corporation
- St. Jude Medical, Inc. (Abbott)
- Synapse Biomedical Inc
- Nevro Corporation
- NDI Medical LLC
- Terumo Americas Holding, Inc.
- Edwards Lifesciences Corporation
- NeuroPace, Inc.
- Synchron Inc.
With the
advancement of the technology, it is appropriate to say that the effective
research and development of the technologically advanced medical devices would
support the market growth and benefit the market players as well as the
consumers. New market players may focus on the research and development to
provide devices that satisfies the consumer demand as well as benefits the
market players in building their brand value. Other competitive strategies
include mergers & acquisitions and new product developments.
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“United States supports one of the best medical facility in the world.
With consistent improvement in the healthcare facility along with the continued
research and development for the best treatment for the various kind of
diseases and disorder the healthcare industry in the country is booming. United
States brain implants market is experiencing growth and would observe further
future due to this advancing healthcare facility in the country. Hospitals and
clinics are actively involved in the procurement and utilizing the advanced
medical devices for the treatment of the ailments of the brain disorders. With
the presence of extremely experienced practitioners, the possibility of the
successful implant surgeries has risen and therefore the growth of the market,”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“United
States Brain Implants Market By Product Type (Deep Brain Stimulators, Spinal
Cord Stimulators, Vagus Nerve Stimulators) By Application (Chronic Pain,
Epilepsy, Parkinson’s Disease, Depression, Essential Tremor, Alzheimer’s
Disease) By End User (Hospitals & Clinics, Ambulatory Surgery Centers,
Others) By Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of United
States brain implants market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in United States brain
implants market.
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