WASHINGTON, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Data Bridge Market research has a newly released expansive study titled “Vagus Nerve Stimulation Market” which guarantees you will remain better informed than your competition. This study provides a broader perspective of the marketplace with its comprehensive market insights and analysis which eases survival and success in the market. Because the entire world has become a marketplace in this age of globalization, organizations are increasingly interested in implementing global market research reports. The study Vagus Nerve Stimulation includes an analysis of the market, a definition of the market, segmentation of the market, important developments in the market, an analysis of key players or competitors, and extensive research methodology. The numerical data that was collected in order to compile this report is most prominently represented by the graphs, tables, and charts that are included in this report in order to make it more user-friendly. The market analysis that is presented here provides an analysis of a variety of market segments that are anticipated to experience the quickest growth during the time period covered by the estimate and forecast.
The global vagus nerve stimulation market is expected to grow in the forecast period of 2022 to 2029. Data Bridge Market Research analyzes that the market is growing with a CAGR of 15.0% in the forecast period of 2022 to 2029 and is expected to reach USD 2,424.01 million by 2029.
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According to the WHO, neurological diseases are responsible for 4.5% to 11% of all illnesses worldwide. Vagus nerve stimulators are also used to treat patients suffering from epilepsy, depression, asthma, and cardiovascular disorders.
The vagus nerve is a prominent component of the autonomic nervous system that regulates metabolic homeostasis and functions as a crucial component of the neuroendocrine-immune axis in maintaining homeostasis via its afferent and efferent pathways. Any approach that stimulates the vagus nerve, including manual or electrical stimulation, is referred to as Vagus Nerve Stimulation (VNS). For refractory epilepsy and treatment-resistant depression, left cervical VNS is an approved therapy.
The Global Research Report Provides a Detailed Analysis of Market. Based on Competitive Intensity and How the Competition Will Take Shape in Coming Years.
The Global Vagus Nerve Stimulation Market is witnessing a tremendous growth owing to the rapidly rising demands, a surge in industrialization, consumer awareness, emerging industries, and technological advancements. The industry has reported exponential revenue growth and sales volume. Factors driving the growth of the market are anticipated to boost the market size and boost the growth of the market throughout the forecast period.
The leading companies of the Vagus Nerve Stimulation industry are engaging in various developmental activities such as product developments, extensive product research, innovations, and advancements in product processes to re-launch updated products in the market to gain substantial customer base and market size. The report consists of all the business strategies adopted by the companies along with their financial standing, revenue, gross margin, and growth rate.
Recent Development
- In May 2022, electroCore, Inc. announced that the gammaCore Sapphire non-invasive Vagus Nerve Stimulator will be available in 130 National Spine and Pain Centers (NSPC) affiliated locations across the U.S. for patients suffering from pain associated with different forms of primary headache. This would help the organization to develop more revenue.
Some of the major players operating in the Vagus Nerve Stimulation market are
- Medtronic,
- LivaNova PLC,
- electroCore, Inc.,
- Cirtec,
- Brain Control Co. Limited,
- Soterix Medical Inc.,
- SetPoint Medical,
- MicroTransponder Inc,
- Parasym Ltd,
- Neuropix Company Ltd., and
- tVNS Technologies
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Core Objective of Vagus Nerve Stimulation Market:
Every firm in the Vagus Nerve Stimulation market has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.
- Vagus Nerve Stimulation market size and growth rate factors.
- Important changes in the future Vagus Nerve Stimulation Market.
- Top worldwide competitors of the Market.
- Scope and product outlook of Vagus Nerve Stimulation Market.
- Developing regions with potential growth in the future.
- Tough Challenges and risk faced in Market.
- Global Vagus Nerve Stimulation top manufacturers profile and sales statistics.
Opportunities for Key Players:
- Strategic initiatives by the key market players
The demand for VNS devices is increasing in the market owing to the increased levels of R&D; along with that, the market growth is being aided by the desire for innovative medications. Thus, the top market players have implemented new strategies by developing new devices and equipment as well as collaborating with other players in the market and aimed at improving business operations and profitability.
The companies operating globally in this market are adopting collaboration as a strategy to increase their product portfolio with advanced technology-rich products to boost their business in various dimensions. Thus, increasing strategic initiatives by key market players are expected to offer significant opportunities for market players operating in the market.
- Rising government initiatives for neurological disease
The purpose of funding for VNS devices is to encourage applications seeking to develop devices for various neurological disorders. Novel devices should move beyond existing electrical or magnetic stimulation and develop new stimulation techniques capable of increased spatiotemporal precision as well as multi-focal, closed-loop approaches. Therefore, the funding by the government would result in the safety of the patient and cost savings. In addition, hospitals and healthcare agencies would administer this treatment at a lower price through collaboration with government organizations. Hence, the advancements in R&D activities and funding by the government will act as an opportunity for this market growth
- Rise in product approvals
The approval for VNS devices is governed by the U.S. FDA and the EU. The FDA issues a final protocol for filing a Pre-market Approval Application (PMA) or a notice of completion of a Product Development Protocol (PDP).
For instance,
The FDA has approved an implantable vagus nerve stimulator to treat epilepsy and depression. In addition, in Europe, new nVNS devices that do not require surgical implantation to treat epilepsy, depression, and pain have been approved.
- Product development in recent years
Combination Therapies are much more effective than monotherapy, without additional side effects. They are a safe and effective alternative for individuals with refractory bladder conditions. Combining different target therapy strategies is the best approach to relieving patients of bladder disorders. Oral medication and behavioral therapy should be considered for the patients' refractory treatment. Various advanced target therapies are available such as sacral neuromodulation, intradetrusor injection of a botulinum toxin A, and percutaneous tibial nerve stimulation. These are advanced treatments and more effective as compared to oral agents.
Segmentation Covered: Vagus Nerve Stimulation Market
By Product Type
- Implantable VNS Devices
- External VNS Devices
By Biomaterial
- Ceramics
- Metallic
- Polymeric
By Application
- Pain Management
- Epileptic Seizures
- Obesity Management
- Depression and Anxiety
By Patient Type
- Adults
- Pediatric
- Geriatric
By End User
- Hospital
- Ambulatory Surgery Centers
- Specialty Centers
By Distribution Channel
- Direct Tender
- Retail Sales
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Vagus Nerve Stimulation Market Regional Analysis/Insights:
North America dominates the global vagus nerve stimulation market in terms of market share and revenue and will continue to flourish its dominance during the forecast period. This is due to the high prevalence and incidence of neurological disorders in the region, and growing R&D investments and the launch of new products are boosting market growth.
Benefits of Considering this report:
- This vagus nerve stimulation market report is compiled using a vigorous and thorough research methodology. Data Bridge Market Research is also known for its data accuracy and granular market reports.
- A complete picture of the competitive scenario of Vagus Nerve Stimulation market is depicted by this report.
- The report consists of a vast amount of data about the recent product and technological developments in the markets.
- The extensive spectrum of analysis regarding the impact of these advancements on the future of market growth.
- The insights in the report are easy to understand and include a graphical representation of the numbers in the form of histograms, bar graphs, pie charts, etc.
- Components such as market drivers, restraints, challenges, and opportunities for Vagus Nerve Stimulation market are explained in detail.
- It also provides a complete assessment of the expected behavior about the future market and changing market scenario.
- Making an informed business decision is a tough job; this report offers several strategic business methodologies to support you in making those decisions.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Vagus Nerve Stimulation Market Regulations
- Market Overview
- Global Vagus Nerve Stimulation Market, By Product Type
- Global Vagus Nerve Stimulation Market, By Biomaterial
- Global Vagus Nerve Stimulation Market, By Application
- Global Vagus Nerve Stimulation Market, By Patient Type
- Global Vagus Nerve Stimulation Market, By End User
- Global Vagus Nerve Stimulation Market, By Distribution Channel
- Global Vagus Nerve Stimulation Market, By Region
- Global Vagus Nerve Stimulation Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
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Browse More Reports:
- Europe Vagus Nerve Stimulation Market, By Product Type (Implantable VNS Devices and External VNS Devices), Biomaterial (Ceramics, Metallic, and Polymeric), Application (Pain Management, Epileptic Seizures, Obesity Management, Depression and Anxiety, and Others), Patient Type (Adults, Pediatric, and Geriatric), End User (Hospitals, Ambulatory Surgery Centres, Specialty Centers, and Others), Distribution Channel (Direct Tender, Retail Sales, and Others) https://www.databridgemarketresearch.com/reports/europe-vagus-nerve-stimulation-market
- Asia-Pacific Vagus Nerve Stimulation Market , By Product Type (Implantable VNS Devices and External VNS Devices), Biomaterial (Ceramics, Metallic, and Polymeric), Application (Pain Management, Epileptic Seizures, Obesity Management, Depression and Anxiety, and Others), Patient Type (Adults, Pediatric, and Geriatric), End User (Hospitals, Ambulatory Surgery Centres, Specialty Centers, and Others), Distribution Channel (Direct Tender, Retail Sales, and Others) https://www.databridgemarketresearch.com/reports/asia-pacific-vagus-nerve-stimulation-market
- Middle East and Africa Vagus Nerve Stimulation Market, By Product Type (Implantable VNS Devices and External VNS Devices), Biomaterial (Ceramics, Metallic, and Polymeric), Application (Pain Management, Epileptic Seizures, Obesity Management, Depression and Anxiety, and Others), Patient Type (Adults, Pediatric, and Geriatric), End User (Hospitals, Ambulatory Surgery Centres, Specialty Centers, and Others), Distribution Channel (Direct Tender, Retail Sales, and Others) https://www.databridgemarketresearch.com/reports/middle-east-and-africa-vagus-nerve-stimulation-market
- North America Vagus Nerve Stimulation Market, By Product Type (Implantable VNS Devices and External VNS Devices), Biomaterial (Ceramics, Metallic, and Polymeric), Application (Pain Management, Epileptic Seizures, Obesity Management, Depression and Anxiety, and Others), Patient Type (Adults, Pediatric, and Geriatric), End User (Hospitals, Ambulatory Surgery Centres, Specialty Centers, and Others), Distribution Channel (Direct Tender, Retail Sales, and Others) https://www.databridgemarketresearch.com/reports/north-america-vagus-nerve-stimulation-market
- North America Nerve Regeneration and Repair Market, By Surgery (Direct Neuropathy, Nerve Grafting, Stem Cell Therapy and Neuromodulation Surgery), Product (Biomaterials and Neuromodulation Surgery Devices), End-User (Hospitals, Neurology Clinics, Home Healthcare, and Community Healthcare), Country (U.S., Canada and Mexico) https://www.databridgemarketresearch.com/reports/north-america-nerve-repair-and-regeneration-market
- Nerve Repair Biomaterials Market, By Products (Neurostimulation and Neuromodulation Devices), Application (Neurostimulation and Neuromodulation Applications, Direct Nerve Repair or Neurorrhaphy, Nerve Grafting, Stem Cell Therapy) https://www.databridgemarketresearch.com/reports/global-nerve-repair-biomaterials-market
- Nerve Regeneration and Repair Market, By Product (Neurostimulation and Neuromodulation Devices and Biomaterials), Indication (Failed Back Surgery Syndrome, Parkinson's disease, Urinary Incontinence, Epilepsy, Gastroparesis, Nerve Repair and Grafting), Application (Neurostimulation and Neuromodulation Surgeries, Neurorrhaphy, Nerve Grafting, and Stem Cell Therapy), End User (Hospitals and Clinics and Ambulatory Surgical Centers) https://www.databridgemarketresearch.com/reports/global-nerve-regeneration-and-repair-market
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