Market Overview:
The global Plexus stimulator market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of neurological disorders, rising geriatric population, and technological advancements in plexus stimulators. Based on type, the global Plexus stimulator market is segmented into deep brain stimulator (DBS), vagus nerve stimulator (VNS), and spinal cord stimulator (SCS). DBS held the largest share of the global plexus stimulators market in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to factors such as increasing prevalence of Parkinson’s disease and growing demand for minimally invasive surgeries. However, VNS is projected to grow at a higher CAGR than other types during the forecast period owing to its benefits such as improved quality of life and reduced healthcare costs for patients with various neurological disorders.
Product Definition:
A Plexus stimulator is a device that helps to stimulate the nerves in the body. It can be used to help with conditions such as pain, spasms, and other issues. The importance of a Plexus stimulator lies in its ability to help improve nerve function and reduce pain.
Deep Brain Stimulator:
A deep brain stimulator is a medical device used for the treatment of various neurological disorders such as Parkinson's disease, dystonia, essential tremor and epilepsy. The DBS (Deep Brain Stimulation) market is expected to witness lucrative growth over the forecast period owing to factors such as increasing prevalence of neurological diseases coupled with rising awareness about these devices among patients & physicians.
Vagus Nerve Stimulator:
The vagus nerve stimulator is a device that sends regular and mild electrical impulses to the brain to help with various mental disorders such as anxiety, depression, bipolar disorder, obsessive-compulsive disorder (OCD), posttraumatic stress disorder (PTSD), multiple sclerosis and Alzheimer's disease.
It also helps in treating heart diseases such as arrhythmia.
Application Insights:
The hospital application segment dominated the global market in 2017. The need for pacemakers that can treat epilepsy, Parkinson¢â‚¬â„¢s disease and sleep disorders is increasing at a rapid pace. Moreover, the rising incidences of cardiac arrest and stroke are driving the demand for plexus stimulators in hospitals across the world. According to data published by International Society arrhythmia, over 1 billion people are affected by various types of arrhythmia globally which accounts for around 6% of all diagnosed patients every year. Therefore, it is estimated that more than 600 thousand people die due to arrhythmia each year which makes it as one of the leading causes of death worldwide along with stroke and heart attack.
Regional Analysis:
North America dominated the global market in 2017 owing to factors such as increasing FDA approvals, technological advancements, and high prevalence of neurological diseases. Moreover, presence of key players in this region is also expected to drive the growth. For instance, Abbott has received FDA approval for its deep brain stimulation system called DBS-System One that is used for treating Parkinson’s disease. The company markets this product under the brand name Acclarent DBS System One. Thus these factors are expected to boost revenue growth over the forecast period.
Asia Pacific is anticipated to be one of the fastest growing regions due to rising incidences of neurodegenerative diseases coupled with growing awareness about new treatment options especially pertaining towards deep brain stimulation devices among patients suffering from movement disorders such as Parkinson's disease or Essential Tremor (ET).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The Plexus Stimulator market is expected to benefit from the increasing demand for minimally invasive surgeries. This is because the use of Plexus Stimulators helps in reducing surgical trauma and also leads to shorter hospital stays.
- Growing number of product approvals: The number of product approvals is expected to grow in the coming years, which will help drive the growth of the Plexus Stimulator market. This is because it will provide a wider choice to surgeons and patients, thereby boosting adoption rates.
- Rising incidence of neurological disorders: The incidence of neurological disorders such as cerebral palsy, multiple sclerosis, and cerebral stroke is rising globally, which is likely to boost demand for Plexus Stimulators in the coming years.
- Technological advancements: Ongoing technological advancements are helping manufacturers introduce new and innovative products into the market, thereby driving growth in the Plexus Stimulator market. For instance, recent advancements have led to development of wireless devices that can be used during surgery without causing any interference issues or discomfort to patients or surgeons alike .This would help increase adoption rates among surgeons worldwide .
Scope Of The Report
Report Attributes
Report Details
Report Title
Plexus Stimulator Market Research Report
By Type
Deep Brain Stimulator, Vagus Nerve Stimulator, Spinal Cord Stimulator
By Application
Hospital, Physiotherapy Center, Clinic, Other
By Companies
Medtronic, Boston Scientific, St. Jude Medical, Advanced Bionics, BioControl Medical, Cardionomic, Envoy Medical, Holaira, Novum Therapeutics, Respicardia, Uni-Patch
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Plexus Stimulator Market Report Segments:
The global Plexus Stimulator market is segmented on the basis of:
Types
Deep Brain Stimulator, Vagus Nerve Stimulator, Spinal Cord Stimulator
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Physiotherapy Center, Clinic, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- Boston Scientific
- St. Jude Medical
- Advanced Bionics
- BioControl Medical
- Cardionomic
- Envoy Medical
- Holaira
- Novum Therapeutics
- Respicardia
- Uni-Patch
Highlights of The Plexus Stimulator Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Deep Brain Stimulator
- Vagus Nerve Stimulator
- Spinal Cord Stimulator
- By Application:
- Hospital
- Physiotherapy Center
- Clinic
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Plexus Stimulator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The Plexus Stimulator is a device that is used to stimulate the Plexus nerve. The Plexus nerve is a large bundle of nerves that runs along the side of your spine. ThePlexus Stimulator helps to improve circulation and reduce inflammation in the body.
Some of the major players in the plexus stimulator market are Medtronic, Boston Scientific, St. Jude Medical, Advanced Bionics, BioControl Medical, Cardionomic, Envoy Medical, Holaira, Novum Therapeutics, Respicardia, Uni-Patch.
The plexus stimulator market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plexus Stimulator Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Plexus Stimulator Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Plexus Stimulator Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Plexus Stimulator Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Plexus Stimulator Market Size & Forecast, 2020-2028
4.5.1 Plexus Stimulator Market Size and Y-o-Y Growth
4.5.2 Plexus Stimulator Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Deep Brain Stimulator
5.2.2 Vagus Nerve Stimulator
5.2.3 Spinal Cord Stimulator
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Physiotherapy Center
6.2.3 Clinic
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plexus Stimulator Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Plexus Stimulator Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Deep Brain Stimulator
9.6.2 Vagus Nerve Stimulator
9.6.3 Spinal Cord Stimulator
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Physiotherapy Center
9.10.3 Clinic
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Deep Brain Stimulator
10.6.2 Vagus Nerve Stimulator
10.6.3 Spinal Cord Stimulator
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Physiotherapy Center
10.10.3 Clinic
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Deep Brain Stimulator
11.6.2 Vagus Nerve Stimulator
11.6.3 Spinal Cord Stimulator
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Physiotherapy Center
11.10.3 Clinic
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Deep Brain Stimulator
12.6.2 Vagus Nerve Stimulator
12.6.3 Spinal Cord Stimulator
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Physiotherapy Center
12.10.3 Clinic
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Deep Brain Stimulator
13.6.2 Vagus Nerve Stimulator
13.6.3 Spinal Cord Stimulator
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Physiotherapy Center
13.10.3 Clinic
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Plexus Stimulator Market: Competitive Dashboard
14.2 Global Plexus Stimulator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Boston Scientific
14.3.3 St. Jude Medical
14.3.4 Advanced Bionics
14.3.5 BioControl Medical
14.3.6 Cardionomic
14.3.7 Envoy Medical
14.3.8 Holaira
14.3.9 Novum Therapeutics
14.3.10 Respicardia
14.3.11 Uni-Patch
