Implantable Neurostimulators Market Size, Share, Trends, Growth Outlook

Implantable Neurostimulators Market is estimated to increase at a growth rate of 11.9% CAGR over the forecast period from 2024 to 2030.

 

The Implantable Neurostimulators Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Type (Deep Brain Stimulators, Spinal Cord Stimulators, Vagus Nerve Stimulators, Sacral Nerve Stimulators, Gastric Electric Stimulators), By Application (Pain Management, Parkinson’s Disease, Urinary and Fecal Incontinence, Epilepsy, Gastroparesis, Others).

 

An Introduction to Implantable Neurostimulators Market in 2024

The implantable neurostimulators market in 2024 focuses on advanced medical devices used to modulate neural activity and alleviate symptoms of neurological disorders through targeted electrical stimulation of the nervous system. Implantable neurostimulators, also known as neuromodulation devices, are surgically implanted subcutaneously or epidurally and deliver electrical pulses to specific nerves or brain regions to modify neural pathways and restore normal physiological function. These devices are utilized for the treatment of chronic pain, movement disorders, epilepsy, and psychiatric conditions such as depression and obsessive-compulsive disorder (OCD), offering benefits such as pain relief, improved motor control, and enhanced quality of life for patients. Market dynamics are driven by factors such as the increasing prevalence of neurological diseases, rising demand for non-pharmacological therapies, and advancements in neurostimulation technology. Collaboration between medical device manufacturers, neurologists, and neuroscientists fuels innovation in implantable neurostimulators, leading to the development of next-generation devices with improved electrode designs, customizable programming options, and closed-loop feedback systems that optimize therapeutic outcomes and patient satisfaction.

Implantable Neurostimulators Market Trend: Advancements in Neurostimulation Technologies

A significant trend in the Implantable Neurostimulators market is the continuous advancements in neurostimulation technologies. Innovations in device design, electrode configurations, and stimulation parameters are enhancing the efficacy and precision of neurostimulation therapy for various neurological disorders such as chronic pain, movement disorders, and epilepsy. Manufacturers are focusing on developing smaller, more durable devices with advanced programming capabilities to improve patient outcomes and comfort. This trend reflects the ongoing commitment to innovation and improving the therapeutic options available for patients suffering from neurological conditions.

Implantable Neurostimulators Market Driver: Increasing Prevalence of Chronic Pain and Neurological Disorders

A key driver in the Implantable Neurostimulators market is the increasing prevalence of chronic pain and neurological disorders. Conditions such as chronic back pain, neuropathic pain, Parkinson's disease, and epilepsy affect millions of people worldwide, significantly impacting their quality of life. Implantable neurostimulators offer a non-pharmacological treatment option for patients who have failed conventional therapies or are not suitable candidates for surgery. As the burden of chronic pain and neurological disorders continues to grow due to aging populations and lifestyle factors, the demand for neurostimulation therapy is expected to rise, driving market growth.

Implantable Neurostimulators Market Opportunity: Expansion into New Indications and Therapeutic Areas

An opportunity for market expansion in the Implantable Neurostimulators market lies in exploring new indications and therapeutic areas. While neurostimulation therapy has primarily been used for pain management, there is potential for its application in treating a broader range of neurological and psychiatric conditions. Research and clinical trials are underway to investigate the efficacy of neurostimulation in indications such as depression, obsessive-compulsive disorder (OCD), Alzheimer's disease, and traumatic brain injury. Manufacturers can capitalize on these emerging opportunities by investing in R&D to develop innovative neurostimulation devices tailored to specific therapeutic targets, thereby expanding their market reach and addressing unmet medical needs.

 

Implantable Neurostimulators Market Segmentation

By Type

Deep Brain Stimulators

Spinal Cord Stimulators

Vagus Nerve Stimulators

Sacral Nerve Stimulators

Gastric Electric Stimulators

 

By Application

Pain Management

Parkinson’s Disease

Urinary and Fecal Incontinence

Epilepsy

Gastroparesis

Others

 

Geographical Analysis

North America (United States, Canada, Mexico)

Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)

South America (Brazil, Argentina, Rest of South America)

Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

 

Implantable Neurostimulators Market Companies

Abbott

Aleva Neurotherapeutics SA

Boston Scientific Corp

LivaNova PLC

Medtronic

NeuroPace Inc

Nevro Corp

Synapse Biomedical Inc

*- List Not Exhaustive

 

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TABLE OF CONTENTS

 

1 Introduction to 2024 Implantable Neurostimulators Market

1.1 Market Overview

1.2 Quick Facts

1.3 Scope/Objective of the Study

1.4 Market Definition

1.5 Countries and Regions Analyzed

1.6 Units, Currency, and Conversions

1.7 Industry Value Chain

 

2 Research Methodology

2.1 Market Size Estimation

2.2 Sources and Research Methodology

2.3 Data Triangulation

2.4 Assumptions and Limitations

 

3 Executive Summary

3.1 Global Implantable Neurostimulators Market Size Outlook, $ Million, 2021 to 2030

3.2 Implantable Neurostimulators Market Outlook by Type, $ Million, 2021 to 2030

3.3 Implantable Neurostimulators Market Outlook by Product, $ Million, 2021 to 2030

3.4 Implantable Neurostimulators Market Outlook by Application, $ Million, 2021 to 2030

3.5 Implantable Neurostimulators Market Outlook by Key Countries, $ Million, 2021 to 2030

 

4 Market Dynamics

4.1 Key Driving Forces of Implantable Neurostimulators Market Industry

4.2 Key Market Trends in Implantable Neurostimulators Market Industry

4.3 Potential Opportunities in Implantable Neurostimulators Market Industry

4.4 Key Challenges in Implantable Neurostimulators Market Industry

 

5 Market Factor Analysis

5.1 Competitive Landscape

5.1.1 Global Implantable Neurostimulators Market Share by Company (%), 2023

5.1.2 Product Offerings by Company

5.2 Porter’s Five Forces Analysis

 

6 Growth Outlook Across Scenarios

6.1 Growth Analysis-Case Scenario Definitions

6.2 Low Growth Scenario Forecasts

6.3 Reference Growth Scenario Forecasts

6.4 High Growth Scenario Forecasts

 

7 Global Implantable Neurostimulators Market Outlook By Segments

7.1 Implantable Neurostimulators Market Outlook by Segments

By Type

Deep Brain Stimulators

Spinal Cord Stimulators

Vagus Nerve Stimulators

Sacral Nerve Stimulators

Gastric Electric Stimulators

By Application

Pain Management

Parkinson’s Disease

Urinary and Fecal Incontinence

Epilepsy

Gastroparesis

Others

 

8 North America Implantable Neurostimulators Market Analysis And Outlook To 2030

8.1 Introduction to North America Implantable Neurostimulators Markets in 2024

8.2 North America Implantable Neurostimulators Market Size Outlook by Country, 2021-2030

8.2.1 United States

8.2.2 Canada

8.2.3 Mexico

8.3 North America Implantable Neurostimulators Market size Outlook by Segments, 2021-2030

By Type

Deep Brain Stimulators

Spinal Cord Stimulators

Vagus Nerve Stimulators

Sacral Nerve Stimulators

Gastric Electric Stimulators

By Application

Pain Management

Parkinson’s Disease

Urinary and Fecal Incontinence

Epilepsy

Gastroparesis

Others

 

9 Europe Implantable Neurostimulators Market Analysis And Outlook To 2030

9.1 Introduction to Europe Implantable Neurostimulators Markets in 2024

9.2 Europe Implantable Neurostimulators Market Size Outlook by Country, 2021-2030

9.2.1 Germany

9.2.2 France

9.2.3 Spain

9.2.4 United Kingdom

9.2.4 Italy

9.2.5 Russia

9.2.6 Norway

9.2.7 Rest of Europe

9.3 Europe Implantable Neurostimulators Market Size Outlook By Segments, 2021-2030

By Type

Deep Brain Stimulators

Spinal Cord Stimulators

Vagus Nerve Stimulators

Sacral Nerve Stimulators

Gastric Electric Stimulators

By Application

Pain Management

Parkinson’s Disease

Urinary and Fecal Incontinence

Epilepsy

Gastroparesis

Others

 

10 Asia Pacific Implantable Neurostimulators Market Analysis And Outlook To 2030

10.1 Introduction to Asia Pacific Implantable Neurostimulators Markets in 2024

10.2 Asia Pacific Implantable Neurostimulators Market Size Outlook by Country, 2021-2030

10.2.1 China

10.2.2 India

10.2.3 Japan

10.2.4 South Korea

10.2.5 Indonesia

10.2.6 Malaysia

10.2.7 Australia

10.2.8 Rest of Asia Pacific

10.3 Asia Pacific Implantable Neurostimulators Market size Outlook by Segments, 2021-2030

By Type

Deep Brain Stimulators

Spinal Cord Stimulators

Vagus Nerve Stimulators

Sacral Nerve Stimulators

Gastric Electric Stimulators

By Application

Pain Management

Parkinson’s Disease

Urinary and Fecal Incontinence

Epilepsy

Gastroparesis

Others

 

11 South America Implantable Neurostimulators Market Analysis And Outlook To 2030

11.1 Introduction to South America Implantable Neurostimulators Markets in 2024

11.2 South America Implantable Neurostimulators Market Size Outlook by Country, 2021-2030

11.2.1 Brazil

11.2.2 Argentina

11.2.3 Rest of South America

11.3 South America Implantable Neurostimulators Market size Outlook by Segments, 2021-2030

By Type

Deep Brain Stimulators

Spinal Cord Stimulators

Vagus Nerve Stimulators

Sacral Nerve Stimulators

Gastric Electric Stimulators

By Application

Pain Management

Parkinson’s Disease

Urinary and Fecal Incontinence

Epilepsy

Gastroparesis

Others

 

12 Middle East And Africa Implantable Neurostimulators Market Analysis And Outlook To 2030

12.1 Introduction to Middle East and Africa Implantable Neurostimulators Markets in 2024

12.2 Middle East and Africa Implantable Neurostimulators Market Size Outlook by Country, 2021-2030

12.2.1 Saudi Arabia

12.2.2 UAE

12.2.3 Oman

12.2.4 Rest of Middle East

12.2.5 Egypt

12.2.6 Nigeria

12.2.7 South Africa

12.2.8 Rest of Africa

12.3 Middle East and Africa Implantable Neurostimulators Market size Outlook by Segments, 2021-2030

By Type

Deep Brain Stimulators

Spinal Cord Stimulators

Vagus Nerve Stimulators

Sacral Nerve Stimulators

Gastric Electric Stimulators

By Application

Pain Management

Parkinson’s Disease

Urinary and Fecal Incontinence

Epilepsy

Gastroparesis

Others

 

13 Company Profiles

13.1  Company Snapshot

13.2 SWOT Profiles

13.3 Products and Services

13.4 Recent Developments

13.5 Financial Profile

List of Companies

Abbott

Aleva Neurotherapeutics SA

Boston Scientific Corp

LivaNova PLC

Medtronic

NeuroPace Inc

Nevro Corp

Synapse Biomedical Inc

 

14 Appendix

14.1 Customization Offerings

14.2 Subscription Services

14.3 Related Reports

14.4 Publisher Expertise

Implantable Neurostimulators Market Segmentation

By Type

Deep Brain Stimulators

Spinal Cord Stimulators

Vagus Nerve Stimulators

Sacral Nerve Stimulators

Gastric Electric Stimulators

 

By Application

Pain Management

Parkinson’s Disease

Urinary and Fecal Incontinence

Epilepsy

Gastroparesis

Others

 

Geographical Analysis

North America (United States, Canada, Mexico)

Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)

South America (Brazil, Argentina, Rest of South America)

Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)