(Albany, USA) DelveInsight’s Vagus Nerve Stimulators Market Insights report provides the current and forecast market, upcoming device innovation, individual leading companies market shares, challenges, market drivers, barriers, and trends, and key Vagus Nerve Stimulators companies in the market.
As per DelveInsight analysis, the Vagus Nerve Stimulators Market is witnessing a surge primarily due to the rising prevalence of neurological diseases, the increasing popularity of VNS therapy as an alternative or even conjunctive treatment in cases where drug resistance develops, growing research in studying the effects of VNS on other indications, technological advancements leading to the development of new products such as non-invasive Vagus Nerve Stimulation devices, and others.
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Key Takeaways from the Global Vagus Nerve Stimulators Market
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Vagus Nerve Stimulators
A Vagus Nerve Stimulator is a pacemaker-like device that comes with an implantable programmable generator that is implanted in the chest wall and delivers electrical impulses to the vagus nerve in the neck thereby stimulating the vagus nerve and providing relief to patients.
The FDA has approved an implantable vagus nerve stimulator to treat epilepsy and depression. In addition, in Europe, new non-invasive vagus nerve stimulation devices that do not require surgical implantation to treat epilepsy, depression, and pain have been approved.
Vagus Nerve Stimulators Market Insights
North America is estimated to account for the largest share in the Vagus Nerve Stimulation (VNS) devices market among all the regions. The key driving factors of the North America Vagus Nerve Stimulators market are the high prevalence of epilepsy, depression in the region, increasing disposable income, rising investments, and big collaborative expansions by key players in the region. Moreover, the conducive regulatory environment in the region is expected to establish the dominance of the North American Vagus Nerve Stimulation (VNS) devices market in the overall global landscape.
Furthermore, advanced product launches and commercialization agreements among the key VNS companies are further expected to fuel the Vagus Nerve Stimulators market. For instance, in August 2021, the FDA approved drug-free rehabilitation system intended to treat moderate to severe upper extremity motor deficits associated with chronic ischemic stroke—a stroke caused by a blockage of blood flow to the brain with long-lasting symptoms the first-of-its-kind Vagus Nerve Stimulation device the MicroTransponder Vivistim Paired VNS System. Thus, the interplay of all the aforementioned factors is likely to fuel the Vagus Nerve Stimulators market growth in the United States during the forecast period.
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Vagus Nerve Stimulators Market Dynamics
The Vagus Nerve Stimulators market is experiencing an increase in product demand for a variety of reasons, with one of the key reasons being the rising prevalence of neurological disorders. Moreover, with more positive results being reported concerning the VNS therapy, more research is being conducted on different disease areas, which may further expand the application of Vagus Nerve Stimulation devices in the coming years. For instance, several studies are ongoing in studying the effects of VNS on tinnitus, irritable bowel syndrome, and chronic pain, among other indications. This further presents an opportunity for making significant headway in the Vagus Nerve Stimulators market in the near future.
However, procedure-related complications and the high cost of these devices may be confining factors for the Vagus Nerve Stimulators market growth.
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Scope of the Vagus Nerve Stimulators Market Report
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Table of Contents
1. Vagus Nerve Stimulators Market Report Introduction
2. Vagus Nerve Stimulators Market Executive summary
3. Regulatory and Patent Analysis
4. Vagus Nerve Stimulators Market Key Factors Analysis
5. Porter’s Five Forces Analysis
6. COVID-19 Impact Analysis on Vagus Nerve Stimulators Market
7. Vagus Nerve Stimulators Market Layout
8. Vagus Nerve Stimulators Global Company Share Analysis – Key 3-5 Companies
9. Vagus Nerve Stimulators Market Company and Product Profiles
10. Project Approach
About DelveInsight
DelveInsight is a leading Business Consultant and Market Research firm focused exclusively on life sciences. It supports pharma companies by providing comprehensive end-to-end solutions to improve their performance.
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