Press release
Neuromodulation Devices Market - Global Market Share, Trends, Analysis and Forecasts, 2023- 2032
Global Neuromodulation Devices Market
The global neuromodulation devices market size stood at USD 4.51 billion in 2018 and is projected to reach USD 9.34 billion by 2026, exhibiting a CAGR of 9.5% during the forecast period 2023-2032. Neuromodulation therapy is a successful treatment for neurological disorders that impact both the peripheral and central nerve systems of the body, such as Parkinson's disease, cerebrovascular diseases, Alzheimer's disease, stroke, and tremors. Neuromodulation is a minimally invasive or non-invasive therapy used to treat patients with neurological problems. Neuromodulation devices are implantable medical devices that are used to modify a specific nerve using electrical stimulations.
A statistical estimate states that 60,000 new cases of Parkinson's disease are diagnosed each year in the United States, affecting close to 1 million people. In addition, according to data from the Hearing Health Foundation published in 2020, there are 477 million people suffering from tinnitus and 48 million people with hearing loss globally. According to the World Health Organization factsheet, 2.4 million new instances of epilepsy are identified each year, affecting over 50 million people worldwide. Thus, the demand for neuromodulation devices is anticipated to increase during the forecast period as occurrences of neurological illnesses rise.
Competitive Landscape
Medtronic Plc, Abbott Laboratories, Boston Scientific Corp, LivaNova Plc, Nevro Corp, SunMed Holdings LLC, Beijing Pins Medical Co Ltd, Stimwave Technologies Inc, Laborie Medical Technologies Inc, Bioness Inc, and Avanos Medical Inc are a few of the top companies in the neuromodulation devices market. Market share for neuromodulation devices is held by Medtronic Plc.
This report examines all the key factors influencing growth of global Neuromodulation Devices market, including demand-supply scenario, pricing structure, profit margins, production and value chain / ecosystem analysis. Regional assessment of global Neuromodulation Devices market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
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Global Neuromodulation Devices Market Segmentation
Global Neuromodulation Devices Market: Major Players
BioControl Medical
Neuropace
Medtronic
Synapse Biomedical
Cyberonics
St.Jude Medical
Neurosigma
Neuronetics
Boston Scientific Corporation
Nevro
Global Neuromodulation Devices Market: By Types
Deep Brain Stimulation (DBS) Systems
Spinal Cord Stimulator (SCS) Systems
Diaphragm Pacing System (DPS)
Respiratory Electrical Stimulation (RES)
Vagus Nerve Stimulation (VNS)
Gastric Electrical Stimulation (GES)
Transcranial Magnetic Stimulation (TMS)
Transcutaneous Electrical Nerve Stimulation (TENS)
Global Neuromodulation Devices Market: By Applications
Chronic Pain
Parkinson's Disease
Urinary Fecal Incontinence
Refractory Epilepsy
Essential Tremor
Dystonia
Gastroparesis
Treatment-Resistant Depression (TRD)
Obsessive Compulsive Disorder (OCD)
Other Applications
Global Neuromodulation Devices Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Neuromodulation Devices market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Scope
This report provides:
• Insightful review of the key industry trends.
• Annualized total neuromodulation devices market revenue by segment and market outlooks from 2017-2032.
• Granular data on the total installed base, units, average selling prices, and market values by segment.
• Global, regional, and country-level market-specific insights including qualitative market-specific information with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
• SWOT analysis for the neuromodulation devices market.
• Competitive dynamics insights and trends provided for the neuromodulation devices market.
• Country specific overview of the healthcare system.
• Country specific reimbursement policies.
• Country specific medtech regulatory landscape.
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Key Takes Away from the Neuromodulation Devices Market Report Study
• Market size analysis for current market size (2023), and market forecast for 10 years (2023-2032)
• The effect of the COVID-19 pandemic on this market is significant. To capture and analyze suitable indicators, our experts are closely watching the Neuromodulation Devices market.
• Top key product/services/technology developments, merger, acquisition, partnership, joint venture happened for last 3 years
• Key companies dominating the Global Neuromodulation Devices Market.
• Various opportunities available for the other competitor in the Neuromodulation Devices Market space.
• What are the top performing segments? How these segments will perform in 2032 .
• Which is the top-performing regions and countries in the current market scenario?
• Which are the regions and countries where companies should have concentrated on opportunities for Neuromodulation Devices market growth in the coming future?
Frequently Asked Questions About This Report
• How big is the neuromodulation devices market?
• What is the neuromodulation devices market growth?
• Which segment accounted for the largest neuromodulation devices market share?
• Who are the key players in the neuromodulation devices market?
• What are the factors driving the neuromodulation devices market?
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