Neurostimulation Market is experiencing new opportunities & technological advancements by Top Market Key Players (NeuroPace, Inc., Saluda Medical Pty Limited, SceneRay Co., Ltd., Soterix Medical Inc.) | Forecast to 2030

Neurostimulation Market Scope:
Market size value in 2023 - USD 5,292.5 Million
Market size value in 2030 - USD 9,996.8 Million
CAGR (2023-2030) - 9.3%
Forecast Period - 2023-2030
Historic Data - 2019
Segments Covered - Type, Application & Region
Geographies Covered - North America, Europe, Asia Pacific, and RoW
Sample of Companies Covered - NeuroPace, Inc., Saluda Medical Pty Limited, SceneRay Co., Ltd., Soterix Medical Inc., Synapse Biomedical Inc.

Download Sample Pages-https://www.marketdigits.com/request/sample/3464

Browse in-depth TOC on "Neurostimulation Market"
178-Tables
95-Figures
332-Pages

North America dominates the market for neurostimulation
The North American market held a significant share in the global neurostimulation devices market. Key trends driving this dominance include the development of innovative neurostimulators, health authority approvals for novel techniques and strategic mergers & acquisitions to gain access to cutting-edge technologies. The region's market is propelled by factors such as the rising prevalence of neurological disorders, a growing geriatric population, favorable reimbursement rates, and the introduction of advanced technologies.
The Asia Pacific (APAC) neurostimulation market is projected to experience the highest rate of revenue growth in the forecast period, driven by various factors. The prevalence of chronic conditions such as chronic pain, movement disorders, and psychiatric disorders is on the rise in the APAC region due to factors like aging populations, urbanization, and lifestyle changes. This surge in chronic conditions is creating a demand for new and effective treatment options, with neurostimulation emerging as a notable choice. The awareness of neurostimulation as a viable treatment option is increasing in the APAC region, thanks to technological advancements, a growing body of scientific evidence, and the presence of patient advocacy groups. Consequently, more patients in the region are seeking neurostimulation treatment.
Neurostimulation market in Middle East and Africa is expected to grow rapidly in the coming years. The growing prevalence of chronic conditions, increasing awareness of neurostimulation, increasing investments from governments and private companies, and the growing adoption of minimally invasive procedures are all expected to contribute to the market growth. However, lack of skilled professionals and high cost of neurostimulation devices is expected to hinder the Neurostimulation market in Middle East & Africa.

Ask for Discount- https://www.marketdigits.com/request/discount/3464

Top Key Players Covered in the Report-
Abbott, Axonics Modulation Technologies, Boston Scientific Corporation, Brainsway Ltd., Mainstay Medical, Medtronic, NeuroMetrix, Inc., Neuronetics, Inc., NeuroPace, Inc., Saluda Medical Pty Limited, SceneRay Co., Ltd., Soterix Medical Inc., Synapse Biomedical Inc. and Others.

For More Information - Inquire Now!
https://www.marketdigits.com/request/enquiry-before-buying/3464

Recent Developments-
In September 2023, Saluda Medical, Inc. (Saluda Medical), a leading global medical device company, announced the U.S. Food and Drug Administration (FDA) approval of MRI conditional labeling for the Evoke System. This system stands as the inaugural and exclusive precision, dose-control spinal cord stimulation (SCS) therapy driven by SmartLoop technology. The granted approval encompasses all commercially implanted Evoke System patients in the United States, including individuals previously enrolled in the ECAP Study

https://industrytoday.co.uk/market-research-industry-today/neurostimulation-market-report-growing-cagr-of-93-during-the-forecast-period-2024-2030-published-by-marketdigits

MarketDigits
Email: sales@marketdigits.com

MarketDigits is one of the leading business research and consulting companies that helps clients to tap new and emerging opportunities and revenue areas, thereby assisting them in operational and strategic decision-making. We at MarketDigits believe that a market is a small place and an interface between the supplier and the consumer, thus our focus remains mainly on business research that includes the entire value chain and not only the markets.

This release was published on openPR.