Description
Global Vagal Nerve Stimulation (VNS) Market-Forecast till 2027
Vagal Nerve Stimulation Market Overview
The Vagal Nerve Stimulation (VNS) market is anticipated to surpass USD 1,076.83 million by 2027 with a significant CAGR of 10.30% during the forecast period. Vagus nerve stimulation includes the utilization of a gadget to invigorate the vagus nerve with electrical driving forces. An implantable vagus nerve trigger is presently FDA-endorsed to treat epilepsy and melancholy.
The outside Vagal Nerve Stimulation (VNS) gadgets depend totally on electrical signs that can be going through the skin and muscles of the neck without influencing the tissue it is going through. This method should be sufficiently exact to manage and get to explicit action of the nerve.
Development in innovation and the presentation of new outside VNS gadgets are relied upon to fuel the development of the vagal nerve trigger market.
The worldwide Vagal Nerve Stimulation (VNS) market is fundamentally determined by the expanding pervasiveness of neurological problems and rising speculation of biotechnology and drug ventures in R&D.
In any case, factors, for example, the greater expense of the vagal nerve stimulation treatment strategy are relied upon to confine the market’s development during the estimate time frame. Besides, the expanding vital consolidations and acquisitions will set out open doors for market players. However, the higher cost of vagal nerve stimulation treatment procedure is set to hamper the global market growth during the review period.
Segment Overview
The global Vagal Nerve Stimulation (VNS) market has been classified into products, applications, and end-user.
By-Products type the global market is divided into Implantable VNS Devices and External VNS Devices.
Based on Application the market is categorized into depression, epilepsy, and others.
In terms of the end-user segment, the global market is classified into hospitals, ambulatory surgical centers, and others.
Regional Analysis
The global vagal nerve stimulation (VNS) market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World.
North America is expected to command the global vagal stimulation (VNS) market with a healthy CAGR of 9.87% during the review period.
the regional market is attributed to the advanced technology, rising prevalence of neurological disorders, increasing healthcare expenditure, and supportive government support for research & development. Europe contributes the second position in the global vagal nerve stimulation market owing to the increasing government support and funding for research & development.
The Asia-Pacific vagal nerve stimulation market is expected to register a significant CAGR of 10.69% during the study period. The regional market is attributed to the existence of rapidly developing healthcare technology, a large patient population, and increased healthcare expenditure. The Rest of the World’s vagal nerve stimulation market is categorized into two major regions, namely the Middle East & Africa and Latin America.
Key Competitors
The major players of the global vagal nerve stimulation market are LivaNova, PLC (UK), ReShape Lifesciences Inc (US), ElectroCore Medical LLC (US), Boston Scientific Corporation (US), NeuroMetrix, Inc. (US), ImThera Medical, Inc. (US), Inspire Medical Systems, Inc (US), Parasym Ltd (UK), and Innovative Health Solutions, Inc. (the US).
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