The Global Tibial Neuromodulation Devices Industry is gearing up for a substantial surge, marking an unprecedented growth trajectory with sales projected to escalate at an impressive CAGR of 8.1% from 2022 to 2032. According to the latest forecast by Future Market Insights Inc., the market is expected to be valued at US$97.7 million in 2022, poised to reach an astounding US$230.7 million by the end of the projection period.
A confluence of factors contributes to this remarkable growth, with key drivers including the escalating incidence of urological illnesses, a growing demand for minimally invasive procedures, and the rising trend of outpatient usage. Tibial neuromodulation devices, recognized for their precision, power, and control, are empowering surgeons in the modulation of soft or hard tissue and bone with unprecedented efficacy.
The landscape of healthcare is undergoing a transformative shift, and tibial neuromodulation devices are at the forefront of this evolution. Their increasing utilization serves as a testament to the advancements in medical technology, providing both patients and healthcare professionals with innovative solutions for superior outcomes.
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The neuromodulation devices are clinically accessed and provide safe, effective, and minimally invasive treatment options. The percutaneous tibial neuromodulation devices are cost-effective and the procedure can be performed in office-based treatment centers. The device is helpful both to the professional and patient as it is portable and inexpensive therapy. The device is tested and is effective in both men and women. The common side effects are pain and skin inflammation near the stimulation site. The procedure involves placing the electrode needle on the lower side of the leg slightly to the malleolus. The ground pad is fitted to the base of the device and followed to the heel bone on the leg. The patient is treated once per week and completes at least twelve therapy sessions.
Advancements in the tibial neuromodulator devices due to research and development and companies’ focus on organic growth will support physicians with the wide range of devices used on an outpatient basis and offer new patients with new treatment procedures where conservative treatments do not work. This advancement will boost the percutaneous tibial neuromodulation devices shortly
Percutaneous Global Tibial Neuromodulation Devices Industry: Drivers and Restraints
The rising incidence of urological disease, increase in demand for minimally invasive procedures, and usage on an outpatient basis are the factors favoring market growth over the forecast period. The use of neuromodulator devices is gaining popularity and enabling surgeons the power, precision, and control needed for soft or hard tissue, and bone modulation. The factors limiting the market growth are high treatment costs and less awareness about the devices and other treatment options prevailing in the market. Growth opportunities such as increasing market share through mergers and acquisitions and investing in emerging economics, technological advancement in percutaneous tibial neuromodulation devices are boosting the growth of the target market
Percutaneous Global Tibial Neuromodulation Devices Industry: Key Players
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Some of the key players in the Global Tibial Neuromodulation Devices Industry are Cogentix Medical, Palex Medical SA, and Medtronic plc. Rainbow Medical Group and others
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types of products, and applications.
The report covers an exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, UK, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- The Middle East and Africa (GCC, S. Africa, N. Africa)
Global Tibial Neuromodulation Devices Industry: Segmentation
The Global Tibial Neuromodulation Devices Industry has been classified based on application, end-user, and geography.
Based on the Application, the Global Tibial Neuromodulation Devices Industry is divided into the following:
- Faecal Incontinence
- Overactive Bladder
Based on the End User, the Global Tibial Neuromodulation Devices Industry is divided into the following:
- Hospital
- Ambulatory Surgical centers
- Clinics
- Specialty Care Unit
- Others
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Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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