Implantable Neurostimulators Market: Powering Up Neurological Treatment 2024-2031

Implantable Neurostimulators Market worth $ 14.54 Million by 2030 - Exclusive Report by Insightace Analytics

Insightace Analytics Pvt. Ltd. announces the release of a market assessment report on the "Global Implantable Neurostimulators Market- by Product Type (Myostimulation, Peripheral Nerve Stimulation, Spinal Cord Stimulation and Brain Stimulation), End-User (Hospitals, Ambulatory Surgical Centers and Specialty Clinics), Trends, Industry Competition Analysis, Revenue and Forecast To 2024-2031."

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Implantable Neurostimulators Market: A Growing Market for Neurological Treatment

According to Insightace Analytics, the global market for implantable neurostimulators reached an estimated value of US$5.34 billion in 2021. Looking ahead, the market is projected to experience significant growth, with a CAGR of 12.11% anticipated from 2022 to 2030, reaching a projected value of US$14.54 billion by 2030. This growth is attributed to the increasing use of implantable neurostimulators in treating various neurological disorders.

Therapeutic Benefits for Neurological Conditions
Neurostimulation therapy delivered by implantable neurostimulators offers a valuable tool for managing a range of nervous system conditions. These devices can help alleviate symptoms associated with:
• Epilepsy
• Parkinson's disease
• Chronic pain

Targeting Specific Areas of the Nervous System
Implantable neurostimulators come in different configurations, each designed to target specific areas of the nervous system. The most common types include:
• Deep brain stimulation (DBS)
• Vagus nerve stimulation (VNS)
• Spinal cord stimulation (SCS)
• Sacral nerve stimulation (SNS)

These devices work by surgically implanting electrodes near the target area, such as the brain, spinal cord, or peripheral nerves. By delivering controlled electrical pulses, they can modulate the activity of brain cells and nerve fibers, ultimately modifying the way the nervous system functions.

A Viable Option for Treatment-Resistant Conditions
Implantable neurostimulators offer a promising therapeutic alternative for patients whose conditions do not respond adequately to traditional drug therapies. As research and development continue to refine these technologies, we can expect them to play an increasingly important role in the treatment landscape for various neurological disorders.

The main reasons to drive the market are improvements in minimally invasive neurosurgery operations and illnesses like epilepsy, Parkinson's disease, chronic pain, movement disorders, and depression. Due to its expanding uses for treating chronic neurological illnesses and conditions such as neuropathic pain, nociceptive pain, epilepsy, urine incontinence, depression, and Parkinson's disease, implantable neurostimulators are in high demand (PD).

Implantable neurostimulators have been vital in delivering treatment options for Parkinson's disease, depression, epilepsy, and other connected disorders. This is projected to drive the market for implantable neurostimulators throughout the forecast period. It is anticipated that increased patient outcomes will increase demand for minimally invasive neurosurgeries and accelerate the market adoption of implantable neurostimulators. In recent years, neurological illnesses, lifestyle-related disorders, and the need for minimally invasive surgeries have all increased in nations like the U.S. and Canada.

The market for implantable neurostimulators is primarily driven by the increase in persons suffering from conditions like Parkinson's disease, spinal cord injury, urine incontinence, migraine, and depression. The market for implantable neurostimulators is anticipated to expand rapidly as neurological illnesses become more prevalent. This is anticipated to fuel market expansion for implantable neurostimulators during the forecast period.

North America is anticipated to be the major contributor to the implantable neurostimulators s market over the forecast years. Significant market trends in the area include the creation and introduction of novel neurostimulators, regulatory agency approval of new device technologies, and the presence of well-established healthcare infrastructures.

The market for implantable neurostimulators in North America is also anticipated to be driven by the increased prevalence of several illnesses, including chronic pain, urine incontinence, Parkinson's disease, and epilepsy, as well as advantageous reimbursement situations in healthcare settings. In addition, the Asia Pacific implantable neurostimulators market is expected to grow significantly during the forecast period.

This is due to several causes, including an increase in the prevalence of neurological illnesses and the growing elderly population in this area. Additionally, efforts by both public and private organizations to increase awareness of mental health are fostering business expansion in this area.
Major market players operating in the implantable neurostimulators market include

Cyberonics, EnteroMedics, Axonics Modulation Technologies, Imthera, IntraPace, NeuroPace, Nevro Corp., SPR Therapeutics, Nuvectra, LivaNova, Medtronic, Inspire Medical, and Stimwave, among others.
Recent collaborations and agreements in the market:
• In March 2020, the MRI labeling for NeuroPace, Inc.'s RNS System received FDA approval in the United States. More than a million Americans who suffer from seizures and do not react to medicines will now have access to more treatment alternatives.

• In November 2019, the Senza Omnia Spinal Cord Stimulation system to the American market by Nevro Corporation following FDA approval in the United States. It is designed to administer HF10 treatment to treat chronic pain.

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Market Segments
Global Implantable Neurostimulators Market, by Product Type, 2022-2030 (Value US$ Mn)
• Myostimulation
• Peripheral Nerve Stimulation
• Spinal Cord Stimulation
• Brain Stimulation

Global Implantable Neurostimulators Market, by End-User, 2022-2030 (Value US$ Mn)
• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics

Global Implantable Neurostimulators Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America Implantable Neurostimulators Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada

Europe Implantable Neurostimulators Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Implantable Neurostimulators Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Implantable Neurostimulators Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa Implantable Neurostimulators Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of the Middle East & Africa

Why should buy this report:
 To receive a comprehensive analysis of the prospects for the global implantable neurostimulators market
 To receive an industry overview and future trends in the implantable neurostimulators market
 To analyze the implantable neurostimulators s market drivers and challenges
 To get information on the implantable neurostimulators market value (US$Mn) forecast to 2030
 Significant investments, mergers & acquisitions in the implantable neurostimulators market industry

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