The Neuromodulation Market
This report includes analysis for the neuromodulation market, which includes clinical devices that stimulate nerves with electrical signals to modulate abnormal neural pathway behavior caused by the disease process. Beyond pain management, neuromodulators are being used to treat Parkinson’s disease, epilepsy, and urinary incontinence. This reversible therapy delivers stimulation to specific neural circuits in the brain, spine, or peripheral nerves. Types of neuromodulation devices include spinal cord stimulation, deep brain stimulation, vagus nerve stimulation, sacral nerve stimulation, and peripheral nerve stimulation. Pharmaceutical agents can also be delivered directly to a target area with a neuromodulator device. These drugs can be administered in smaller doses because they are not being metabolized and passed through the body before reaching the target area. EEG equipment has also been included due to its role in diagnosing seizure disorders.Â
This report covers a global neuromodulation market and includes details on equipment sales as well as associated accessories, consumables, and services. This report also features regional analysis as well as country-level analysis for key markets.
THE PROBLEM
The neuromodulation market has been negatively impacted by the pandemic due to stay-at-home orders and postponement of deferrable procedures. As neuromodulation has become an important area of patient care, particularly regarding reducing dependency on pain alleviating oral medications, volumes are expected to return to pre-COVID levels. However, it is a highly competitive market and identifying opportunities can be a challenge, particularly without up-to-date information on contracts, contract winners, discounts and prices, and forecasted tenders in the global healthcare markets.
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