Global Vagus Nerve Stimulation Market Market Forecast to 2029: Key Players, Size, Share, Growth, Trends and Opportunities
For in depth perceptive of market and competitive landscape, this Global Vagus Nerve Stimulation Market market research report serves a lot of parameters and detailed data about Global Vagus Nerve Stimulation Market industry. The report offers you steadfast knowledge and information of revolutionizing market landscape, what already exists in the market, future trends or what the market expects, the competitive environment, and strategies to plan to outshine the competitors. This information and market insights assists with maximizing or minimizing the production of goods depending on the conditions of demand. Various market related parameters considered in this Global Vagus Nerve Stimulation Market business research report helps for better decision making.
Data Bridge Market Research analyzes that the market is growing with a CAGR of 15.0% in the forecast period of 2022 to 2029 and is expected to reach USD 2,424.01 million by 2029.
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Market Definition: Global Vagus Nerve Stimulation Market
The vagus nerve is a long cranial nerve that runs from a person’s brain stem into the neck, chest, and abdomen. It is a part of the parasympathetic nervous system, which is commonly referred to as the rest-and-digest system because it regulates body functions while a person is at rest. It delivers messages to a person’s brain from their digestive system and organs such as their lungs, heart, and liver. It controls several organ functions, including digestion, heart rate, and respiratory rate. It is responsible for vasomotor activity and reflexes. It also regulates vocalization, mood, and immunity. It influences sensory functions in a person’s ears, sinuses, and esophagus as well.
VNS involves a pulse generator inserted under a person’s skin on their chest. The implantable device, which is similar to a pacemaker, delivers regular electrical pulses to the brain via the vagus nerve. It is possible to provide additional stimulation by placing the provided magnet over the pulse generator. Relaxation techniques such as breathing exercises, yoga, and medication can influence vagus nerve activity, increasing its ability to relieve anxiety and mood-related symptoms. VNS can improve an individual’s physical health and can offer benefits for several conditions such as epilepsy and depression. The treatment has a healing effect on a person’s body due to its ability to promote relaxation and reduce inflammation.
Some of the major players operating in the market are Medtronic, LivaNova PLC, electroCore, Inc., Cirtec, Brain Control Co. Limited, Soterix Medical Inc., SetPoint Medical, MicroTransponder Inc, Parasym Ltd, Neuropix Company Ltd., and tVNS Technologies GmbH among others.
Vagus Nerve Stimulation Market Analysis and Insights
The vagus nerve is a prominent component of the autonomic nervous system that regulates metabolic homeostasis and functions as a crucial component of the neuroendocrine-immune axis in maintaining homeostasis via its afferent and efferent pathways. Any approach that stimulates the vagus nerve, including manual or electrical stimulation, is referred to as Vagus Nerve Stimulation (VNS). For refractory epilepsy and treatment-resistant depression, left cervical VNS is an approved therapy.
According to the WHO, neurological diseases are responsible for 4.5% to 11% of all illnesses worldwide. Vagus nerve stimulators are also used to treat patients suffering from epilepsy, depression, asthma, and cardiovascular disorders.
Global Vagus Nerve Stimulation Market Scope
Global vagus nerve stimulation market is segmented into six notable segments based on product type, biomaterial, application, patient type, end user, and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Product Type
- Implantable VNS Devices
- External VNS Devices
Based on product type, the market is segmented into implantable VNS devices and external VNS devices.
Biomaterial
- Ceramics
- Metallic
- Polymeric
Based on biomaterial, the market is segmented into ceramic, metallic, and polymeric.
Application
- Pain Management
- Epileptic Seizures
- Obesity Management
- Depression and Anxiety
- Others
Based on application, the market is segmented into pain management, epileptic seizures, obesity management, depression and anxiety, and others.
Patient Type
- Adults
- Pediatric
- Geriatric
Based on patient type, the market is segmented into adults, pediatric, and geriatric.
End User
- Hospital
- Ambulatory Surgery Centers
- Specialty Centers
- Others
Based on end user, the market is segmented into hospitals, ambulatory surgery centers, specialty centers, and others.
Distribution Channel
- Direct Tender
- Retail Sales
- Others
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Table of Content:
Chapter 1: Market overview
Chapter 2: Vagus Nerve Stimulation Market
Chapter 3: Regional analysis of the Global Vagus Nerve Stimulation Market industry
Chapter 4: Phenylpropanolamine (PPA) Market segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
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