Global vagus nerve stimulator market is expected to grow at a CAGR of 3.5% during the forecast period. Vagus nerve stimulators are those devices that are utilized to stimulate the vagus nerve with electrical impulses. It is used to treat epilepsy and depression. In vagus nerve stimulation, the stimulator is surgically implanted under the skin on the chest, and the device is connected to the left vagus nerve through a wire under the skin. When activated, the device sends the electrical signal to the certain areas of the brain along with the left vagus nerve to the brainstem.
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With the technological advancement, non-invasive vagus nerve stimulation devices are introduced by the companies which then receive approval by the FDA and CE marks for commercialization and marketing. The market is expected to grow in the near future during the forecast period. Whereas, North America and Europe are expected to be the major regions generating revenue for the market.
The incidence and prevalence rate of epilepsy is rising significantly across the globe. As per the Epilepsy Foundation, one in 26 people develops epilepsy at some point in their lifetime. As per the Institute for Health Metrics and Evaluation the prevalence of epilepsy has reached to more than 27.3 million in 2017 from about 25.3 million in 2013.
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Vagus Nerve Stimulators Market- Segmentation
By Product
- Implantable
- External
By Application
- Epilepsy
- Depression
- Others (Migraine)
By End-User
- Hospitals and Clinics
- Research Institutes
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