{"id":9165,"date":"2018-09-04T12:08:15","date_gmt":"2018-09-04T12:08:15","guid":{"rendered":"https:\/\/www.rootsanalysis.com\/blog\/?p=9165"},"modified":"2024-08-21T18:13:27","modified_gmt":"2024-08-21T12:43:27","slug":"neurostimulation-devices-competitive-landscape-market-evolution-and-opportunity-areas","status":"publish","type":"post","link":"https:\/\/www.rootsanalysis.com\/blog\/neurostimulation-devices-competitive-landscape-market-evolution-and-opportunity-areas\/","title":{"rendered":"Neurostimulation Devices: Competitive Landscape, Market Evolution and Opportunity Areas"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Extensive research in the field of Neurostimulation has demonstrated the potential of this technique in providing therapeutic relief to a number of patients, who have developed resistance to conventional medication. Since the introduction of the first neurostimulation therapy in 1960s, their numerous observed benefits, such as reversible and minimally invasive nature of the procedures (to administer such treatments), targeted approach to therapeutic relief that can be modulated as well, provisions for integrating various safety mechanisms, and negligible use of opioids \/ other medications, have captured the interest of several stakeholders in the industry. In fact, since 2010, over 4,000 patents have been published in this domain, indicating the rapid pace at which research is being carried out<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Opinions expressed by eminent industry stakeholders acknowledge the enormous potential of neurostimulation devices for treating a myriad of chronic clinical conditions<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Over the years, more than 4,000 patents have been granted \/ filed related to neurostimulation devices, demonstrating the heightened pace of research in this domain<\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"672\" height=\"411\" src=\"https:\/\/www.rootsanalysis.com\/blog\/wp-content\/uploads\/2023\/10\/Neurostimulation-Devices-Patent-Portfolio-Roots.webp\" alt=\"In last decade, over 4,000 patents have been filed for neurostimulation devices reflecting the rising interest of industry and non-industry players in this domian \" class=\"wp-image-17950\" style=\"object-fit:contain;width:800px;height:490px\" srcset=\"https:\/\/www.rootsanalysis.com\/blog\/wp-content\/uploads\/2023\/10\/Neurostimulation-Devices-Patent-Portfolio-Roots.webp 672w, https:\/\/www.rootsanalysis.com\/blog\/wp-content\/uploads\/2023\/10\/Neurostimulation-Devices-Patent-Portfolio-Roots-300x183.webp 300w\" sizes=\"auto, (max-width: 672px) 100vw, 672px\" \/><\/figure>\n<\/div>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>As a result of the widening interest, close to 1,000 clinical trials have been registered worldwide, featuring the participation of several industry \/ non-industry stakeholders<\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"672\" height=\"432\" src=\"https:\/\/www.rootsanalysis.com\/blog\/wp-content\/uploads\/2023\/10\/Neurostimulation-Devices-Clinical-Trials-Analysis-Roots.webp\" alt=\"Close to 30% clinical trials currently ongoing are sponsored by industry players. Further maximum trials were registered in US \" class=\"wp-image-17951\" style=\"object-fit:contain;width:800px;height:490px\" srcset=\"https:\/\/www.rootsanalysis.com\/blog\/wp-content\/uploads\/2023\/10\/Neurostimulation-Devices-Clinical-Trials-Analysis-Roots.webp 672w, https:\/\/www.rootsanalysis.com\/blog\/wp-content\/uploads\/2023\/10\/Neurostimulation-Devices-Clinical-Trials-Analysis-Roots-300x193.webp 300w\" sizes=\"auto, (max-width: 672px) 100vw, 672px\" \/><\/figure>\n<\/div>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Presently, over 120 neurostimulation devices are available \/ being developed for the treatment \/ management of the debilitating symptoms of different neurological conditions<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Ongoing innovation has led to the development of advanced technology platforms that have significantly strengthened the growing product landscape<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>In fact, the number of device approvals have increased over time, and products addressing a diverse array of therapeutic areas are now available across different geographies<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Companies developing novel <a href=\"https:\/\/www.ncbi.nlm.nih.gov\/pubmed\/28870357\">therapies<\/a> have already established strong brand positions, and are expected to transform the treatment landscape in the mid-long term<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Foreseeing an opportunistic future, investors have made capital investments worth ~USD 1.8 billion in over 100 instances since 2015<\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"672\" height=\"421\" src=\"https:\/\/www.rootsanalysis.com\/blog\/wp-content\/uploads\/2023\/10\/Neurostimulation-Devices-Funding-and-investments-Roots.webp\" alt=\"Stakeholders are continuously investing in manufacturing of neurostimulation devices. Further, over 40% of the funding were raised in seed funding.  \" class=\"wp-image-17952\" style=\"object-fit:contain;width:800px;height:490px\" srcset=\"https:\/\/www.rootsanalysis.com\/blog\/wp-content\/uploads\/2023\/10\/Neurostimulation-Devices-Funding-and-investments-Roots.webp 672w, https:\/\/www.rootsanalysis.com\/blog\/wp-content\/uploads\/2023\/10\/Neurostimulation-Devices-Funding-and-investments-Roots-300x188.webp 300w, https:\/\/www.rootsanalysis.com\/blog\/wp-content\/uploads\/2023\/10\/Neurostimulation-Devices-Funding-and-investments-Roots-200x125.webp 200w\" sizes=\"auto, (max-width: 672px) 100vw, 672px\" \/><\/figure>\n<\/div>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The opportunity is anticipated to be distributed across different target indications and device types; we expect an annualized growth of 13.2% over the next decade<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Stakeholders in Asia-Pacific are likely to gain a higher share as the market evolves; it is also worth highlighting that full body MRI compatible devices will become more commonplace in the long term<\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"672\" height=\"440\" src=\"https:\/\/www.rootsanalysis.com\/blog\/wp-content\/uploads\/2023\/10\/Neurostimulation-Devices-Future-Forecast-Roots.webp\" alt=\"The market of neurostimulation is likely to be fragmented across various region where Asia-Pacific is likely to capture highest share by 2030.\" class=\"wp-image-17953\" style=\"object-fit:contain;width:800px;height:490px\" srcset=\"https:\/\/www.rootsanalysis.com\/blog\/wp-content\/uploads\/2023\/10\/Neurostimulation-Devices-Future-Forecast-Roots.webp 672w, https:\/\/www.rootsanalysis.com\/blog\/wp-content\/uploads\/2023\/10\/Neurostimulation-Devices-Future-Forecast-Roots-300x196.webp 300w\" sizes=\"auto, (max-width: 672px) 100vw, 672px\" \/><\/figure>\n<\/div>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\">To learn more, please click\u00a0<a href=\"https:\/\/www.rootsanalysis.com\/reports\/neurostimulation-devices-market\/216.html\">Neurostimulation Devices Market<\/a>. For any queries \/ suggestions, please do not hesitate to contact us at\u00a0<a href=\"mailto:sales@rootsanalysis.com\">sales@rootsanalysis.com<\/a>.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Our Social Media Platform<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Web:&nbsp;<a href=\"https:\/\/www.rootsanalysis.com\/\">https:\/\/www.rootsanalysis.com\/<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">LinkedIn:&nbsp;<a href=\"https:\/\/in.linkedin.com\/company\/roots-analysis\">https:\/\/in.linkedin.com\/company\/roots-analysis<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Twitter: <a href=\"https:\/\/twitter.com\/RootsAnalysis\">https:\/\/twitter.com\/RootsAnalysis<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Medium:&nbsp;<a href=\"https:\/\/medium.com\/@RootsAnalysis\">https:\/\/medium.com\/@RootsAnalysis<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Pinterest:&nbsp;<a href=\"https:\/\/in.pinterest.com\/RootsanalysisPin\/_saved\/\">https:\/\/in.pinterest.com\/Rootsanalysis<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Quora:&nbsp;<a href=\"https:\/\/rootsanalysisinsights.quora.com\/\">https:\/\/rootsanalysisinsights.quora.com\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Extensive research in the field of Neurostimulation has demonstrated the potential of this technique in providing therapeutic relief to a number of patients, who have developed resistance to conventional medication. Since the introduction of the first neurostimulation therapy in 1960s, their numerous observed benefits, such as reversible and minimally invasive nature of the procedures (to [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":19173,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[243,244,242],"class_list":["post-9165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-medical-devices-and-technology","tag-devices","tag-market-evolution","tag-neurostimulation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Neurostimulation Devices: Landscape and Opportunity Areas<\/title>\n<meta name=\"description\" content=\"Presently, over 120 neurostimulation devices are available \/ being developed for the treatment \/ management of the debilitating 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