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Peripheral Nerve Stimulators Market Share

ID: MRFR//6584-CR | 112 Pages | Author: Rahul Gotadki| June 2023

Peripheral Nerve Stimulators Market Share Analysis

The use of medications like Pamelor, Sinequan, and Elavil in treating neurological disorders can have harmful side effects and may lead to drug addiction. This has prompted the exploration of alternative pain control options, with the peripheral nerve stimulator emerging as a highly preferred choice. Unlike oral medications, this device provides effective treatment with reduced risks.

Peripheral nerve stimulators offer a significant advantage by minimizing the need for potent narcotics. Additionally, they can be implanted in patients, enabling them to engage in non-impact recreational activities such as swimming without hindrance. This feature is particularly beneficial for individuals seeking pain relief while maintaining an active lifestyle.

According to the National Institute of Neurological Disorders and Stroke, approximately 600 neurological disorders impact around 50 million Americans annually. Among these disorders, neuropathic pain stands out as a prevalent health concern, affecting an estimated 40%-60% of older adults worldwide.

One of the noteworthy aspects of peripheral nerve stimulators is their ability to provide target-specific treatment for patients dealing with refractory or chronic pain conditions. These conditions include regional pain syndrome, low back pain, neck pain, and painful nerve injuries. This targeted treatment approach makes peripheral nerve stimulators a preferred option over oral medications, contributing to their growing demand.

The demand for peripheral nerve stimulators is driven by the recognition of their efficacy in managing chronic pain without the drawbacks associated with traditional oral medications. Patients and healthcare providers are increasingly opting for these devices due to their ability to offer relief without the adverse effects often linked to systemic drug administration.

As the awareness of neurological disorders and their associated pain management options grows, the market for peripheral nerve stimulators is expected to witness sustained growth. Patients seeking alternatives to oral medications, especially those concerned about side effects and potential addiction, are likely to contribute to the increasing demand for these innovative devices.

In conclusion, the rising awareness of the limitations and risks associated with oral medications in treating neurological disorders has led to a greater appreciation for alternative pain control methods. The peripheral nerve stimulator, with its ability to provide effective and targeted treatment while minimizing the need for strong narcotics, has emerged as a favorable option. As the prevalence of neurological disorders continues to impact millions globally, the demand for peripheral nerve stimulators is anticipated to rise, making them a promising solution in the landscape of chronic pain management.

Covered Aspects:
Report Attribute/Metric Details
Base Year For Estimation 2022
Historical Data 2019 to 2021
Forecast Period 2023-2032
Growth Rate 6.5% (2023-2032)
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