The global neurostimulation device market will exhibit huge expansion in the coming years, as per the forecast of P&S Intelligence, a market research firm based in India. The key factors driving the progress of the market are the surging geriatric population, the rising prevalence of neurological ailments and various chronic diseases, the growing incidence of chronic pain among people, and the increasing public awareness about mental health and the various treatments available for mental disorders.
Across the globe, the incidence of chronic pain is rising rapidly, which is causing a sharp surge in the sales of neurostimulation devices. This is because these devices are very helpful for managing the pain caused because of various chronic diseases and injuries, on account of the fact that they block the pain signals in the body before they reach the brain. Additionally, the surging geriatric population is massively pushing up the requirement for these devices.
This is because geriatric people are highly vulnerable to chronic pain and various neurological diseases such as epilepsy, Parkinson’s disease, and Alzheimer’s disease. Besides this, the rising popularity of minimally invasive treatment procedures is also boosting the demand for neurostimulation devices across the globe. Nowadays, many people are preferring medical treatments that cause very less pain and are highly effective over the conventional procedures. As neurostimulation devices provide immediate relief from pain, they are increasingly being used for pain management.
Thus, it is quite clear that due to the growing incidence of neurological disorders and chronic pain and the surging geriatric population in several countries, the market would demonstrate huge expansion all over the world in the coming years.