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Neurostimulation Devices Market size worth $13.7 Billion by 2023: Global Market Insights, Inc. Health Articles | May 26, 2016

Neurostimulation devices market size聽was valued at USD 4.6 billion in 2015, with forecast target exceeding USD 13.7 billion by 2023, at over 14.7% CAGR.



Neurostimulation Devices Market聽size is projected to grow from USD 4.58 billion in 2015 at over 14.5% CAGR; according to the latest research report by Global Market Insights, Inc.聽


Growing geriatric population proportion and presence of high unmet medical needs pertaining to chronic diseases Cheap Alex Iwobi Jersey , and introduction of technological advancements is likely to drive the global neurostimulation devices market size.聽


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Sacral nerve stimulator is identified to be most attractive usage segment, forecast to grow at highest CAGR of 19.7%, from 2016 to 2023. Spinal cord stimulators dominated the market in 2015, accounting for over 57% of global revenue. These devices were the first kind of neurostimulation devices to be commercialized and therefore, hold a competitive edge over the rest of the devices in terms of market penetration rate.