Surge in brain injuries is driving the growth of United States Brain Implants Market, in the forecast period.
According to TechSci report on, “United States Brain Implants Market - By Region, Competition Forecast & Opportunities, 2027”. United States brain implants market has shown promising growth in historical years until 2021 and is expected to continue its growth in upcoming forecast years 2023 to 2027. United States brain implants market owes its growth to the factors like surge in the demand of the brain implants as a treatment for neurological disorders along with the increasing number of patients suffering from brain trauma and other nervous system breakdowns. The neurological disorders are widespread in the geriatric population of the country. Also, the geriatric population are more susceptible to neurological degeneration and various other mental disorders. Therefore, brain implants have proven to be quite helpful in these conditions’ treatment. Thereby supporting the growth of the United States brain implants market in upcoming five years. Moreover, various research institutes are actively finding various other methods to deal with the brain impairments, neurological disorders and nervous system degenerations. These studies are providing the market with more advanced medical devices including advanced brain implants that are aiding the growth of the United States brain implants market in the next five years.
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The United States brain implants market is segmented by the product type, application, end user, competitional landscape, and regional distribution. Based on application, the market is further bifurcated into chronic pain, epilepsy, Parkinson’s disease, depression, essential tremor, and Alzheimer’s disease. Chronic pain is expected to be the dominating application among the other applications of the brain implants mentioned in the market segmentation in the next five years. The growth is anticipated on the backbone of surging demand of the permanent solution and clinical urgency of the chronic pain and increase in the cases of the chronic pain suffering patients. Various cases of chronic pain in the neck and backbone are due to neurological disorders or neuron degenerations. Through the brain implants, electrical impulses are imparted that revives the degenerating neurons or other brain implants that disrupts the pain signals to ease the chronic pains. The conditions such as lumbar and cervical radiculitis, failed back surgery, and neuropathy, chronic pain has been increasing and to combat the severe conditions, demand of the brain implants is increasing thereby supporting the growth of the United States brain implants market in the upcoming five years.
Based on product type, the market is further divided into deep brain stimulators, spinal cord stimulators, and vagus nerve stimulators. Deep brain stimulators are medical devices that are electively selected for the procedure of deep brain stimulation as a treatment regime for neurological issues like obsessive-compulsive disorder, Parkinson’s diseases, dystonia, essential tremor, epilepsy, and Alzheimer’s disease. In this surgical procedure electrodes (brain implants) are implanted into certain brain areas. These electrodes generate electrical signals that can control the abnormal brain functions. The advantages of the surgical process over multiple neurological disorders that has affected mass population of the country is the key factor driving the growth of the United States brain implants market in the upcoming five years. Moreover, Vagus nerve stimulators are expected to register the fastest CAGR growth in the upcoming five years. These medical devices are used to stimulate the vagus nerve with electrical impulses which aids in the treatment of epilepsy and depression. The rising cases of epilepsy and depression are the major cause of the future growth of the market until 2027.
A partial list of market players actively leading the market growth include:
- Medtronic Plc.
- Boston Scientific Corporation
- St. Jude Medical, Inc. (Abbott)
- Synapse Biomedical Inc
- Nevro Corporation
- NDI Medical LLC
- Terumo Americas Holding, Inc.
- Edwards Lifesciences Corporation
- NeuroPace, Inc.
- Synchron Inc.
With the advancement of the technology, it is appropriate to say that the effective research and development of the technologically advanced medical devices would support the market growth and benefit the market players as well as the consumers. New market players may focus on the research and development to provide devices that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.
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“United States supports one of the best medical facility in the world. With consistent improvement in the healthcare facility along with the continued research and development for the best treatment for the various kind of diseases and disorder the healthcare industry in the country is booming. United States brain implants market is experiencing growth and would observe further future due to this advancing healthcare facility in the country. Hospitals and clinics are actively involved in the procurement and utilizing the advanced medical devices for the treatment of the ailments of the brain disorders. With the presence of extremely experienced practitioners, the possibility of the successful implant surgeries has risen and therefore the growth of the market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States 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, 2027” has evaluated the future growth potential of United States brain implants market 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 United States brain implants market.
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