North American External Neuromodulation devices Market Forecasts to 2018 and Analysis

2014-11-19 9

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Neurostimulation devices are battery-powered devices that are designed to send electrical stimulation to the brain, central, and peripheral nervous system. External usage of neurostimulation devices is gaining momentum in the North American markets, due to the convenience, high comfort, and versatility offered by these devices. External neuromodulation is an advanced technique normally used for treatment of nerve-related disorders. External neurostimulation and neuromodulation are now widely used to treat disorders such as migraines, tennis elbow, spasms, arthritis, and so on. The growing demand from the aging population in the region is expected to drive the external neurostimulation/neuromodulation devices market in North America.
The North American external neurostimulation/neuromodulation devices market is among the major contributors in the global neurostimulation/neuromodulation devices market, having accounted for a market share of 32.1% in 2013. The North American market is projected to grow at a CAGR of 9.7% during the forecast period, 2013 to 2018. The U.S. holds a majority of the North American market, followed by Canada and Mexico.
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