The Reports and Insights, a leading market research company, has recently releases report titled “Peripheral Nerve Stimulators (PNS) Market Share: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Peripheral Nerve Stimulators (PNS) Market size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Peripheral Nerve Stimulators (PNS) Market?
The global peripheral nerve stimulators (PNS) market size reached US$ 0.7 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 1.2 billion in 2032, exhibiting a growth rate (CAGR) of 5.9% during 2024-2032.
What are Peripheral Nerve Stimulators (PNS)?
Peripheral Nerve Stimulators (PNS) are devices employed in the treatment of chronic pain by transmitting electrical impulses to peripheral nerves. These devices are usually positioned subcutaneously in proximity to the specific nerve and are linked to an external generator. The mechanism of PNS involves disrupting or blocking pain signals from reaching the brain, thereby diminishing the perception of pain. PNS is commonly utilized in cases where other treatments have proven ineffective or are not viable, providing a non-invasive option compared to more intrusive procedures.
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What are the growth prospects and trends in the Peripheral Nerve Stimulators (PNS) industry?
The peripheral nerve stimulators (PNS) market growth is driven by various factors and trends. The market for Peripheral Nerve Stimulators (PNS) is expanding due to the growing occurrence of chronic pain and the escalating need for non-invasive methods of pain control. PNS devices, which use electrical impulses to alleviate pain in peripheral nerves, are increasingly favored as a complement or alternative to traditional pain management methods. Market growth is propelled by factors such as advancements in technology, the creation of minimally invasive PNS devices, and a demographic shift towards an older population more susceptible to chronic pain. Furthermore, increased awareness among patients and healthcare providers about the advantages of PNS is driving market growth. Hence, all these factors contribute to peripheral nerve stimulators (PNS) market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Product Type:
- Implantable Peripheral Nerve Stimulators
- External Peripheral Nerve Stimulator
Application:
- Chronic Pain Management
- Neurological Disorders
- Musculoskeletal Disorders
- Others
End-User:
- Hospitals
- Ambulatory Surgical Centers
- Pain Management Clinics
- Rehabilitation Centers
- Others
Technology:
- Electrical Stimulation
- Pulsed Radiofrequency
- Transcutaneous Electrical Nerve Stimulation (TENS)
- Others
Mode of Purchase:
- Disposable Devices
- Rechargeable Devices
North America:
- United States
- Canada
Europe:
- Germany
- United Kingdom
- France
- Italy
- Spain
- Russia
- Poland
- BENELUX
- NORDIC
- Rest of Europe
Asia Pacific:
- China
- Japan
- India
- South Korea
- ASEAN
- Australia & New Zealand
- Rest of Asia Pacific
Latin America:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
Middle East & Africa:
- Saudi Arabia
- South Africa
- United Arab Emirates
- Israel
- Rest of MEA
Who are the key players operating in the industry?
The report covers the major market players including:
- Medtronic
- Abbott Laboratories
- Boston Scientific Corporation
- Nevro Corp
- Nuvectra Corporation
- Stimwave Technologies
- Bioness Inc.
- Soterix Medical Inc.
- Synapse Biomedical Inc.
- SPR Therapeutics
- BioMedical Design Inc.
- NeuroSigma Inc.
- Neuronetics Inc.
- Saluda Medical Pty Ltd.
- St. Jude Medical Inc. (now part of Abbott Laboratories)
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