Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 244

Global Neuromodulation Market 2020-2024

Posted by fidest press agency su martedì, 7 gennaio 2020

Technavio has been monitoring the global neuromodulation market since 2019 and the market is poised to grow by USD 5.2 billion during 2020-2024, progressing at a CAGR of more than 11% during the forecast period. The market is driven by technological advances. In addition, expanding indications are anticipated to boost the growth of the neuromodulation market. The market is witnessing significant technological advancements related to battery longevity and miniaturization of neuromodulation devices. Some of the technological advancements include improved device software and programming, the introduction of rechargeable batteries, and implantation techniques. These technological advancements have significantly enhanced the reliability and effectiveness of neuromodulation devices. Key vendors are introducing MRI-conditional implantable neuromodulation devices that do not get affected when patients undergo MR imaging examinations. Such technological advances are expected to drive the demand for neuromodulation devices during the forecast period. Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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