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A Deep Dive into Implantable Neurostimulators Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034
Implantable Neurostimulators Market
The market for implantable neurostimulators has experienced accelerated growth in the past few years. Projected to expand from $6.06 billion in 2024 to $6.76 billion in 2025, it represents a compound annual growth rate (CAGR) of 11.4%. The previous period's growth can be linked to several factors, including a higher prevalence of chronic pain, an increasing population of elderly individuals, better reimbursement policies, governmental financial aid and backing, as well as a broader range of indications.
The market for implantable neurostimulators is predicted to experience rapid expansion in the coming years, ballooning to $10.31 billion in 2029 at a compounded annual growth rate (CAGR) of 11.1%. This surge during the projection period can be linked to factors such as the increasing cases of neurological illnesses, the booming growth of minimally invasive operations, healthcare expenditure escalation, and the growing need for non-opioid pain management strategies, as well as collaborations and alliances. Some of the crucial trends expected in the forecast timeline encompass advancements in technology, expansion beyond chronic pain management, miniaturization and AI-infused customization, remote surveillance and digital therapies, and product innovation.
What Is Contributing to the Growth of the Implantable Neurostimulators Market?
The growth of the implantable neurostimulators market is anticipated to be fueled by the escalating occurrence of neurological disorders. These disorders, affecting the nervous system inclusive of the brain and spinal cord, hamper functionalities like cognition and movement. The surge in such disorders can be majorly attributed to the aging populace, as extended life expectancy exposes people more to conditions like Alzheimer's and Parkinson's. Implantable neurostimulators are devices embedded within the body that manage symptoms like tremors and pain through electrical impulses, in disorders such as Parkinson's and epilepsy. As per the World Federation of Neurology, a UK-based conglomerate of national neurological associations, over 40% of the worldwide populace is currently affected by some form of neurological condition, a figure that is estimated to almost double by 2050, as of October 2023. Consequently, the escalating occurrence of neurological disorders fuels the expansion of the implantable neurostimulators market.
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Which Key Market Leaders Are Driving Implantable Neurostimulators Industry Growth?
Major companies operating in the implantable neurostimulators market are Abbott Laboratories, Medtronic plc, Boston Scientific Corporation, LivaNova plc, Inspire Medical Systems Inc., Nevro Corporation, Axonics Inc., Cirtec Medical Systems LLC, SPR Therapeutics Inc., BlueWind Medical Ltd., NeuroPace Inc., Bioness Inc., ReShape Lifesciences Inc., Synapse Biomedical Inc., Autonomic Technologies Inc., Comphya SA, Mainstay Medical Holdings plc, Sigenics Inc., Nalu Medical Inc., Aleva Neurotherapeutics SA, Nuvectra Corporation
Which Key Market Leaders Are Driving Industry Growth?
Key players in the implantable neurostimulators market are working on breakthrough technologies such as rechargeable spinal cord stimulators to heighten patient comfort, simplify surgical processes, and enhance the effectiveness of pain control treatments. Rechargeable spinal cord stimulators are embedded devices that alleviate chronic pain by transmitting electrical signals to the spinal cord. As an example, in December 2022, Abbott Laboratories, a healthcare product manufacturer based in the US, secured approval from the US Food and Drug Administration (FDA) for their Eterna spinal cord stimulation (SCS) system. As the smallest implantable, rechargeable device, it is geared toward chronic pain management. The device utilizes Abbott's exclusive BurstDR stimulation that replicates natural brain patterns, offering a 23% improvement in pain reduction compared to conventional techniques. Its Xtend energy technology only needs a maximum of five charges per year, substantially reducing recharge inconvenience. The Eterna SCS system is fully compatible with full-body MRI scans and can be upgraded, making it open to future advancements.
What Are the Main Segments in the Implantable Neurostimulators Market?
The implantable neurostimulators market covered in this report is segmented -
1) By Product Type: Spinal Cord Stimulators, Deep Brain Stimulators, Sacral Nerve Stimulators, Vagus Nerve Stimulators, Other Product Types
2) By Application: Pain Management, Parkinson's Disease, Urinary And Fecal Incontinence, Epilepsy, Gastroparesis, Other Applications
3) By End-Use: Hospitals, Ambulatory Surgical Centers (ASCs), Other End-Uses
Subsegments:
1) By Spinal Cord Stimulators: Conventional Spinal Cord Stimulators, Rechargeable Spinal Cord Stimulators, Non-Rechargeable Spinal Cord Stimulators, High-Frequency Spinal Cord Stimulators
2) By Deep Brain Stimulators: Single Lead Deep Brain Stimulators, Dual Lead Deep Brain Stimulators, Rechargeable Deep Brain Stimulators, Non-Rechargeable Deep Brain Stimulators
3) By Sacral Nerve Stimulators: Rechargeable Sacral Nerve Stimulators, Non-Rechargeable Sacral Nerve Stimulators, Implantable Pulse Generators for Sacral Nerve Stimulation
4) By Vagus Nerve Stimulators: Rechargeable Vagus Nerve Stimulators, Non-Rechargeable Vagus Nerve Stimulators, Vagus Nerve Stimulation Systems for Epilepsy Treatment
5) By Other Product Types: Transcranial Magnetic Stimulation (TMS) Devices, Peripheral Nerve Stimulators, Cochlear Implants
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Which Geographic Area Leads the Implantable Neurostimulators Market?
North America was the largest region in the implantable neurostimulators market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the implantable neurostimulators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Implantable Neurostimulators Global Market Report?
- Market Size Analysis: Analyze the implantable neurostimulators Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the implantable neurostimulators market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall implantable neurostimulators market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the implantable neurostimulators market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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