Internal Neuromodulation Devices Market to Surge USD 21,315.90 million with Growing CAGR of 15.1% by 2030

The market for internal neuromodulation devices is estimated to increase rapidly over the forecast period. Neuromodulation devices are one of medicine's fastest-growing fields, involving a wide range of professionals and affecting hundreds of thousands of patients with a wide range of illnesses worldwide. Neuromodulation devices have become more important in the treatment of chronic pain patients. These devices are designed to alleviate the unpleasant sensory experience of pain and the functional and behavioural consequences of pain. Therefore, these factors will enhance the demand for internal neuromodulation devices in the market.

Data Bridge Market Research analyses that the internal neuromodulation devices market was valued at USD 7.72 billion in 2021 and is expected to reach USD 28.6 billion by 2029, registering a CAGR of 15.1% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Market Overview

Furthermore, the rising awareness about neurodegenerative diseases will be a major factor influencing the growth of the internal neuromodulation devices market. Along with this, rapid urbanization and rising geriatric population are also driving the growth of the internal neuromodulation devices market. Also, the rise in the changing lifestyle and increasing expenditure on healthcare infrastructure are the major market drivers that will further escalate the growth of internal neuromodulation devices market. Another significant factor that will cushion the internal neuromodulation devices market's growth rate is the rising gastric, chronic and nerve disability conditions.

Some of the major players

Boston Scientific Corporation (US),
 NEVRO CORP (US),
 Cyberonics, Inc. (US),
Inspire Medical Systems, Inc. (US),
SPR Therapeutics (US),
ALEVA NEUROTHERAPEUTICS SA

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