Vagus Nerve Stimulator Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021-2026

Report Code: HCR 69317 Report Format: PDF + Excel (Delivery in 48 Hrs)

Vagus Nerve Stimulator Market Overview

Vagus Nerve Stimulator Market size is forecast to reach $1.2 billion by 2026, growing at a CAGR of 10.9% during the forecast period 2021-2026. Vagus nerve stimulation involves delivering electrical impulses to the vagus nerve and acts as a translator. It used for epilepsy and depression among others under the skin below the patient’s clavicle. It is a part of the nervous system and controls involuntary functions such as heart rate and is used in treatment-resistant depression. It offers patients to improve conventional depression treatment. The shift of healthcare providers from medication to electrical stimulation for the treatment of neurological tremors disorders and the introduction of innovative noninvasive vague are the major factors driving the growth of the market. The increasing prevalence of neurological disorders and increasing investment in biotechnology are set to further enhance the overall market development for the Vagus Nerve Stimulator for the period 2021-2026.

Report Coverage

The report: “Vagus Nerve Stimulator Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Vagus Nerve Stimulator Market.
By Product: Implantable VNS Devices, and External VNS Devices.
By Application: Epilepsy, Treatment-Resistant Depression, Depression, Migraine, Dyskinesia, and Others.
By End Users: Hospitals, and Specialty Clinics.
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific ((APAC (China, Japan India, South Korea, Australia, and New Zealand, and Rest of APAC)), South America (Brazil, Argentina, and Rest of South America), and Rest of the World ((RoW) (Middle East, and Africa)).

Key Takeaways

  • North America dominated the Vagus Nerve Stimulator Market in 2020 owing to the favourable health reimbursement policies for VNS devices and high awareness about neurological diseases. The Vagus Nerve Stimulator Market scope for different regions will be provided in the final report.
  • Rising need for better treatment and increasing government support for research along with the development by pharmaceutical and biotechnology technology industries are likely to aid the market growth of the Market.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Vagus Nerve Stimulator Market report.
  • High cost of surgical implantation and lower treatment rates in emerging countries to limit the adoption of VNS devices is poised to create hurdles for the Vagus Nerve Stimulator Market.

Vagus Nerve Stimulator Market Segment Analysis- By Application

Epilepsy held the largest share in the Vagus Nerve Stimulator Market in 2020 and is estimated to grow at a CAGR 10.2% during the forecast period 2026. This is attributed to the effectiveness of the vagus nerve stimulator in epilepsy and treatment-resistant depressions and is used in patients that gave bladder and restoration of hand grasp. It is also used to improve other neurological conditions such as migraine and headaches along with cardiovascular diseases. The demand for treatment-resistant depression is also increasing owing to the growing prevalence and introduction of noninvasive devices. Treatment-Resistant Depression is set to the highest growing segment and is estimated to register the highest CAGR over the period 2021-2026.

Vagus Nerve Stimulator Market Segment Analysis - By End User

Hospitals held the largest share in the Vagus Nerve Stimulator Market in 2020 and are estimated to grow at a CAGR 9.7% during the forecast period 2026. This is attributed to the emphasis of national and regional government agencies for the treatment of patients in outpatient settings along with the patients suffering from conditions that can be treated in outpatient settings. It does not require any hospital stay. The demand for vagus nerve stimulators is growing owing to the increasing number of specialty clinics along with the adequate reimbursement policies that are provided by it. Speciality Clinics are set to the highest growing segment and are estimated to register the highest CAGR over the period 2021-2026.

Vagus Nerve Stimulator Market Segment Analysis – By Geography

North America dominated the Vagus Nerve Stimulator Market with a major share of 41.3% in 2020. This is attributed to the higher diagnosis coupled with reimbursement policies for vagus nerve stimulator. Higher awareness among patient population and new treatment options along with the increasing incidence of neurological conditions and resistance of patients to antidepressants are increasing the growth of the market in this region.
However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the increasing number of non-invasive devices, increasing preferences for non-invasive devices, and regulatory approvals for these non invasive devices along with the presence of large market.

Vagus Nerve Stimulator Market Revenue Share, By Geography, 2020(%)

Vagus Nerve Stimulator Market Revenue Share, By Geography, 2020

Vagus Nerve Stimulator Market Drivers

Growing Prevalence of Epilepsy

The growing prevalence of epilepsy is increasing the growth of the Vagus Nerve Stimulator Market. Epilepsy is a neurological condition and has a higher prevalence in developing countries. Around 50 million people are suffering from epilepsy according to the Epilepsy Foundation of America. An increasing number of patients suffering from the condition along with the electrical stimulation. Thus, increasing the growth of the Vagus Nerve Stimulator Market during the forecast period 2021-2026.

Introduction of Innovative Non Invasive Vagus Nerve Stimulation

The introduction of innovative noninvasive vagus nerve stimulation is increasing the growth of the Vagus Nerve Stimulator Demand Forecast Market. Vagus nerve stimulation controls specific functions and is implanted in the patient's body and placed on the vagus nerve. It provides electrical stimulation and offers various clinical benefits to healthcare providers and patients. Thus, increasing the growth of the Vagus Nerve Stimulator Market during the forecast period 2021-2026.

Vagus Nerve Stimulator Market Challenges

High Cost of Surgical Implantation and lower treatment Rates in Emerging Countries to Limit the Adoption of VNS Devices
Some of the factors that are set to impede the growth of the Vagus Nerve Stimulator Market are high cost of surgical implantation and lower treatment rates in emerging countries to limit the adoption of VNS devices.

Vagus Nerve Stimulator Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Vagus Nerve Stimulator Market. In 2020, the Vagus Nerve Stimulator DemandMarket share is consolidated by the top ten players present in the market. Vagus Nerve Stimulator Market, top 10 companies are Entero Medics Inc., ElectroCore Medical, Boston Scientific Corporation, Neuro Metrix Inc., and Inspire Medical Systems Inc. among others.

Acquisitions/Product Launches

  • In June 2019, Innovative Health Solutions got the approved of FDA for the IB stim for reduction of abdominal pain in children.

Relevant Reports

Report Code: HCR 0216

Report Code: HCR 41000

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1. Vagus Nerve Stimulator Demand Forecast Market- Overview
    1.1 Definitions and Scope
2. Vagus Nerve Stimulator Demand Forecast Market- Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Product
    2.3 Key trends by Application
    2.4 Key trends by End User
    2.5 Key trends by Geography
3. Vagus Nerve Stimulator Demand Forecast Market– Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Vagus Nerve Stimulator Demand Forecast Market- Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Vagus Nerve Stimulator Demand Forecast Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Vagus Nerve Stimulator Demand Forecast Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Vagus Nerve Stimulator Demand Forecast Market– Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Vagus Nerve Stimulator Demand Forecast Market– By Product(Market Size –$Million/$Billion)
    8.1 Implantable VNS Devices
    8.2 External VNS Devices
9. Vagus Nerve Stimulator Demand Forecast Market– By Application(Market Size –$Million/$Billion)
    9.1 Epilepsy
    9.2 Treatment-Resistant Depression
    9.3 Depression
    9.4 Migraine
    9.5 Dyskinesia
    9.6 Others
10. Vagus Nerve Stimulator Demand Forecast Market– By End User(Market Size –$Million/$Billion)
    10.1 Hospitals
    10.2 Specialty Clinics
11. Vagus Nerve Stimulator Demand Forecast Market- By Geography(Market Size –$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Mexico
        11.1.3 Canada
    11.2 Europe
        11.2.1 U.K.
        11.2.2 France
        11.2.3 Germany
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Rest of Europe
    11.3 Asia Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
        11.3.6 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
12. Vagus Nerve Stimulator Demand Forecast Market- Entropy
13. Vagus Nerve Stimulator Demand Forecast Market– Industry/Segment Competition Landscape Premium
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Countries – Key Companies
        13.1.4 Best Practices for Companies
14. Vagus Nerve Stimulator Demand Forecast Market– Key Company List by Country Premium Premium
15. Vagus Nerve Stimulator Demand Forecast Market Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global Competition Analysis Market 2019-2024 ($M)
2.Global Competition Analysis Market 2019-2024 (Volume/Units)
3.North America Competition Analysis Market 2019-2024 ($M)
4.South America Competition Analysis Market 2019-2024 ($M)
5.Europe Competition Analysis Market 2019-2024 ($M)
6.APAC Competition Analysis Market 2019-2024 ($M)
7.MENA Competition Analysis Market 2019-2024 ($M)

LIST OF FIGURES

1.US Vagus Nerve Stimulator Demand Forecast Market Revenue, 2019-2024 ($M)
2.Canada Vagus Nerve Stimulator Demand Forecast Market Revenue, 2019-2024 ($M)
3.Mexico Vagus Nerve Stimulator Demand Forecast Market Revenue, 2019-2024 ($M)
4.Brazil Vagus Nerve Stimulator Demand Forecast Market Revenue, 2019-2024 ($M)
5.Argentina Vagus Nerve Stimulator Demand Forecast Market Revenue, 2019-2024 ($M)
6.Peru Vagus Nerve Stimulator Demand Forecast Market Revenue, 2019-2024 ($M)
7.Colombia Vagus Nerve Stimulator Demand Forecast Market Revenue, 2019-2024 ($M)
8.Chile Vagus Nerve Stimulator Demand Forecast Market Revenue, 2019-2024 ($M)
9.Rest of South America Vagus Nerve Stimulator Demand Forecast Market Revenue, 2019-2024 ($M)
10.UK Vagus Nerve Stimulator Demand Forecast Market Revenue, 2019-2024 ($M)
11.Germany Vagus Nerve Stimulator Demand Forecast Market Revenue, 2019-2024 ($M)
12.France Vagus Nerve Stimulator Demand Forecast Market Revenue, 2019-2024 ($M)
13.Italy Vagus Nerve Stimulator Demand Forecast Market Revenue, 2019-2024 ($M)
14.Spain Vagus Nerve Stimulator Demand Forecast Market Revenue, 2019-2024 ($M)
15.Rest of Europe Vagus Nerve Stimulator Demand Forecast Market Revenue, 2019-2024 ($M)
16.China Vagus Nerve Stimulator Demand Forecast Market Revenue, 2019-2024 ($M)
17.India Vagus Nerve Stimulator Demand Forecast Market Revenue, 2019-2024 ($M)
18.Japan Vagus Nerve Stimulator Demand Forecast Market Revenue, 2019-2024 ($M)
19.South Korea Vagus Nerve Stimulator Demand Forecast Market Revenue, 2019-2024 ($M)
20.South Africa Vagus Nerve Stimulator Demand Forecast Market Revenue, 2019-2024 ($M)
21.North America Vagus Nerve Stimulator Demand Forecast By Application
22.South America Vagus Nerve Stimulator Demand Forecast By Application
23.Europe Vagus Nerve Stimulator Demand Forecast By Application
24.APAC Vagus Nerve Stimulator Demand Forecast By Application
25.MENA Vagus Nerve Stimulator Demand Forecast By Application