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Rising Prevalence Of Neurological Disorders Fuels Growth In The Neuromodulation Market: A Significant Driver Propelling The Neuromodulation Market In 2025
Neuromodulation Market Size
What Is the Neuromodulation Market Size and Projected Growth Rate?
The Neuromodulation Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Neuromodulation Market Size and Projected Growth Rate?
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What Are the Major Segments in the Neuromodulation Market?
The neuromodulation market covered in this report is segmented -
1) By Technology: Internal Neuromodulation, External Neuromodulation (Non-invasive)
2) By Biomaterial: Polymeric Biomaterial, Metallic Biomaterial, Ceramic Biomaterial
3) By Application: Chronic Pain, Urinary And Fecal Incontinence, Migraine, Failed Back Syndrome, Parkinson Disease, Epilepsy, Tremor, Depression, Other Applications
4) By End-User: Hospitals, Clinics, Home Healthcare
Subsegments:
1) By Internal Neuromodulation: Implantable Devices, Intrathecal Drug Delivery Systems
2) By External Neuromodulation (Non-invasive): Transcranial Magnetic Stimulation (TMS), Transcranial Direct Current Stimulation (tDCS), Transcutaneous Electrical Nerve Stimulation (TENS), Peripheral Nerve Stimulation (PNS)
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What Are The Driving Neuromodulation Market Evolution?
The rise in neurological conditions is predicted to fuel the expansion of the neuromodulation market. Neurological conditions are formally characterized as issues that impact the brain, nerves present throughout the human body, and the spinal cord. Neuromodulation presents the potential to effectively treat and regulate various neurological diseases and conditions, including Parkinson's and Alzheimer's. For example, the Belgium-based European Brain Council, reported in April 2022 that there were over 600 neurological diseases and almost 300 psychiatric conditions identified. Globally, 50 million people were living with Alzheimer's and other forms of dementia. Epilepsy, a common disorder, affected 65 million people worldwide. In Europe, dementia was impacting 10.5 million individuals, a figure anticipated to rise to 18.7 million by 2050. As such, the escalating occurrence of neurological conditions is propelling the growth of the neuromodulation market.
Which Firms Dominate The Neuromodulation Market Segments?
Major companies operating in the neuromodulation market include Abbott Laboratories, Soterix Medical Inc., Boston Scientific Corporation, Medtronic plc, Synapse Biomedical Inc., Nevro Corp, Neuropace Inc., LivaNova PLC, Neurosigma Inc., Neuronetics Inc., Bioness Inc., Aleva Neurotherapeutics S.A., Integer Holdings Corporation, ReShape Lifesciences Inc., Inspire Medical Systems Inc., Bioventus LLC, Saluda Medical Pty Ltd, Otolith Labs Inc., Machine Medicine Inc., Inbrain Neuroelectronics SAS, Pixium Vision SA, Neuromod Devices Limited, Cognito Therapeutics Inc., PathMaker Neurosystems Inc., Dignify Therapeutics Inc., Neuronoff ApS, Neuros Medical Inc., Fisher & Paykel Healthcare Corporation Limited, Koninklijke Philips N.V., Magic Leap Inc., Omron Corporation
What Trends Are Expected to Dominate the Neuromodulation Market in the Next 5 Years?
Technological growth is emerging as a main trend in the neuromodulation market. Leading companies in this market are concentrating on introducing novel technological solutions to consolidate their market position. For instance, GrayMatters Health, an Israeli company that specializes in digital self-neuromodulation therapies, unveiled a new FDA-approved Prism self-neuromodulation therapy for PTSD in January 2024. The revolutionary device couples an EEG cap with software, aiding patients in managing their emotional reactions through neurofeedback. The technology aims to enhance standard psychotherapy and pharmacotherapy, equipping patients with resources to actively control their symptoms. Moreover, in December 2022, Abbott Laboratories, a medical devices and healthcare firm based in the US, rolled out the smallest implantable, rechargeable spinal cord stimulator known as the Eterna spinal cord stimulation (SCS) system. The Eterna SCS uses Abbott's proprietary low-dose BurstDR stimulation, the only SCS waveform innovation supported by the highest level of clinical evidence (1A evidence). This has proved to alleviate pain by 23% more compared to conventional waveform technology methods.
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Which Is The Largest Region In The Neuromodulation Market?
North America was the largest region in the neuromodulation market in 2024. The regions covered in the neuromodulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Neuromodulation Market?
2. What is the CAGR expected in the Neuromodulation Market?
3. What Are the Key Innovations Transforming the Neuromodulation Industry?
4. Which Region Is Leading the Neuromodulation Market?
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