Growing adoption of brain implants to get quick relief from chronic pain, resulting in the high growth of the Global Brain Implants Market by 2026.
According to TechSci Research report, “Global Brain Implants Market By Product Type (Deep Brain Stimulators, Spinal Cord Stimulators, Vagus Nerve Stimulators) By Application (Chronic Pain, Epilepsy, Parkinson’s Disease, Depression, Essential Tremor, Alzheimer’s Disease) By End User (Hospitals & Clinics, Ambulatory Surgery Centers, Others) By Region, Competition Forecast & Opportunities, 2026”, the Global Brain Implants Market is expected to grow at a promising rate during the forecast period. Neural diseases are increasing at an alarming rate and the treatments earlier involved dealing with immense physical chronic pain. Introduction of the technologically advanced brain implants has influenced the treatment procedure and recovery rate of the patients. The increasing inclination towards the available better treatment is supporting the growth of global brain implants market.
Due to the onset of COVID-19 and imposition of complete lockdown to mitigate the coronavirus, there has been shutdown of many manufacturing units and disruption in the supply chain resulting in interrupted production and lesser supply of the implants all around the globe. Also, the economy has been adversely affected in many countries resulting in the hinderance to the growth of the Brain Implants market. However, after relief from lockdown, market is again going to pick up pace to grow significantly.
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The global brain implants market is categorized by product type, application, end user, and region. Based on product type, the market is categorized as deep brain stimulators, spinal cord stimulators, vagus nerve stimulators. Whereas sub-segments are categorized on the basis of application such as chronic pain, epilepsy, Parkinson’s disease, depression, essential tremor, Alzheimer’s disease. Patients with the requirements of brain implant can pursue the sales through the end users of the market, that is through hospitals & clinics, ambulatory surgery centers, others.
Some of the major competitors in the market are Medtronic Plc., Boston Scientific Corporation, St. Jude Medical, Inc. (Abbott), Synapse Biomedical Inc, Nevro Corporation, NDI Medical LLC, Terumo Corporation, Edwards Lifesciences Corporation, NeuroPace, Inc., LivaNova PLC, Synchron Inc., Functional Neuromodulation Ltd., Beijing PINS Medical Co. Ltd, Renishaw Plc, Aleva Neurotherapeutics SA. The companies are focusing on extensive research and development activities to stay competitive in the market. Other competitive strategies include formation of alliances and partnerships.
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“The deep brain stimulators segment is expected to dominate the market for brain implants during the forecast period as it finds application in treatment of neurological disorders such as obsessive-compulsive disorder, Parkinson’s diseases, dystonia, essential tremor, epilepsy, and Alzheimer’s disease. Growing awareness about neurological movement disorder treatment among patients is anticipated to trigger the growth of this market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Brain Implants Market By Product Type (Deep Brain Stimulators, Spinal Cord Stimulators, Vagus Nerve Stimulators) By Application (Chronic Pain, Epilepsy, Parkinson’s Disease, Depression, Essential Tremor, Alzheimer’s Disease) By End User (Hospitals & Clinics, Ambulatory Surgery Centers, Others) By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of global brain implant and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Brain Implants.
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