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US Neurostimulation Devices Market Forecast to Grow By $1B+ With New Indications, New Technologies

The US neurostimulation technology market will grow nearly 46% over the next five years, according to a new report from Medtech Insight.

The US neurostimulation technology market will grow nearly 46% over the next five years, driven by the introduction of more effective implantable neurostimulation devices and increasing awareness and acceptance of these technologies among patients and physicians, according to a new report from Medtech Insight

. In 2014, the total US neurostimulation market was worth about $2.26 billion, but the cost of clinical trials and reimbursement hurdles, especially for less-established technologies and indications, has left overall market penetration extremely low with enormous room for growth, according to the report

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