The new report by Expert Market Research titled, ‘Global Noninvasive Neuromodulation Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global noninvasive neuromodulation market, assessing the market based on its segments like product, application, end use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
The rise of popularity of many techniques such as transcranial electrical nerve stimulation, transcutaneous spinal cord stimulation, etc., are aiding the market growth of noninvasive neuromodulation. The market is boosted by the increasing adoption of these techniques by physical therapists, acupuncturists, and healthcare providers all over the world and is predicted to spread further during the forecast period. The growing awareness of these techniques and the increasing geriatric population is also aiding the market growth. Further, these techniques provide relief and are used to treat acute, short term, and chronic, long term pains at various neurological sites on the body, including joints, tendons, and spinal cord, among others. The rising demand for these efficient techniques is expanding the market growth.
Industry Definition and Major Segments
Neuromodulation techniques are generally used to relieve pain in various places of the body, such as the spinal cord, brain, tendons, and joints, etc. The techniques usually alter nerve activity and target chemical or electrical stimuli that process the different neurological sites of the body. Such techniques are now widely studied due to their efficiency and wide applications. They’re now used in the treatment of diseases and disorders such as Parkinson’s disease, epilepsy, dystonia, etc., and are gaining popularity every year. Physical therapists and healthcare providers are adopting these techniques at a fast pace and are recommending to patients to treat both acute and chronic pains.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/noninvasive-neuromodulation-market
Based on product, the market is divided into:
On the basis of application, the market is segmented into:
By end use, the market is segregated into:
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The market for noninvasive neuromodulation is expected to witness healthy growth over the forecast period due to a positive global economic outlook. Many countries, such as North America, are investing in neuromodulation studies and are adopting techniques at a quick pace, thereby increasing the market growth. Further, rapid advancements in technology and the development of enhanced products are driving the industry. In addition, the increasing demand for these techniques is attributed to the healthcare sector, specifically rehabilitation centres. The benefits provided by these techniques are boosting healthy adoption and are predicted to have a positive impact on the growth of the industry.
Key Market Players
The major players in the market are GE Global Research, Sooma Oy, Soterix Medical Inc., electroCore Inc., Bioness Inc., and Helius Medical Technologies Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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