Evolving Market Trends In The Neural Implants Industry: Innovative Deep Brain Stimulation (DBS) Device Revolutionizes Treatment For Movement Disorders

The Neural Implants 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 Expected Neural Implants Market Size During the Forecast Period?
The neural implants market has expanded quickly. It is forecasted to rise from $5.39 billion in 2024 to $5.96 billion in 2025 at a CAGR of 10.6%. This growth is supported by advanced healthcare systems, aging demographics, growing demand for less invasive procedures, personalized treatment approaches, and hospital infrastructure development.

The neural implants market is expected to grow rapidly, reaching $8.8 billion by 2029 at a compound annual growth rate (CAGR) of 10.2%. The growth is driven by the rising prevalence of neurological disorders, growing awareness of new treatment options, increased device availability, and the preference for MR-conditional brain implants. Major trends include technological innovations, neuroprosthetics advances, and deep learning integration into neural implants.

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What Are the High-Growth Segments in the Neural Implants Market?
The neural implants market covered in this report is segmented -

1) By Product: F And B Spinal Cord Stimulation (SCS), Deep Brain Stimulation (DBS), Vagus Nerve Stimulation (VNS)
2) By Application: Chronic Pain, Parkinson's Disease (PD), Epilepsy, Other Applications
3) By End-User: Hospitals, Specialized Neurological Centers (SNCs), Outpatient Surgery Centers

Subsegments:
1) By F And B Spinal Cord Stimulation (Scs): Traditional Spinal Cord Stimulation, High-Frequency Spinal Cord Stimulation, Burst Spinal Cord Stimulation
2) By Deep Brain Stimulation (Dbs): Subthalamic Nucleus (Stn) Dbs, Globus Pallidus Internus (Gpi) Dbs, Ventral Intermediate Nucleus (Vim) Dbs
3) By Vagus Nerve Stimulation (Vns): Implantable Vagus Nerve Stimulators, Non-Invasive Vagus Nerve Stimulators

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What Key Drivers Are Expected to Influence Future Neural Implants Market Growth?
The growing occurrence of neurological disorders is anticipated to drive the expansion of the neural implants market. These disorders involve conditions affecting the nervous system through structural, chemical, or electrical irregularities in the brain, spinal cord, or peripheral nerves. The rise in neurological conditions is attributed to factors such as an aging population, inherited traits, and evolving diagnostic standards. Neural implants work by directly connecting with the nervous system to assist in managing and treating these conditions, enhancing neural function. These devices allow for more personalized treatments, improving effectiveness and reducing side effects, particularly for conditions like Parkinson's disease, epilepsy, and spinal cord injuries. For example, in March 2022, the Alzheimer's Association reported that nearly 7 million Americans aged 65 and older were living with Alzheimer's dementia, a number projected to increase to 13.8 million by 2060. Furthermore, healthcare and long-term care costs for dementia patients are forecasted to hit $360 billion in 2024 and approach $1 trillion by 2050. Thus, the rising number of neurological disorders is boosting the neural implants market.

Which Companies Hold the Largest Share Across Different Neural Implants Market Segments?
Major companies operating in the neural implants market are Abbott Laboratories, Medtronic plc, Stryker Corporation, Boston Scientific Corporation, Smith & Nephew plc, Integra LifeSciences, Cochlear Ltd., LivaNova PLC, Renishaw plc, MicroPort Scientific Corporation, Nevro Corp., Inspire Medical Systems Inc., Cyberonics Inc., Axonics Modulation Technologies Inc., Saluda Medical, NeuroPace Inc., Fisher Wallace, BioControl Medical, Cerbomed GmbH, Nuvectra Corporation

What Are the Major Trends Shaping the Neural Implants Market?
Major companies in the neural implant market are introducing new devices like deep brain stimulation (DBS) systems to treat movement disorders. In January 2024, Abbott Laboratories, a US-based healthcare company, launched Liberta RC, the smallest rechargeable DBS device with remote programming, requiring minimal annual recharges and allowing wireless, active charging via the NeuroSphere virtual clinic.

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What Are the Emerging Geographies for The Neural Implants Market Growth?
North America was the largest region in the neural implants market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the neural implants 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 Neural Implants Market?
2. What is the CAGR expected in the Neural Implants Market?
3. What Are the Key Innovations Transforming the Neural Implants Industry?
4. Which Region Is Leading the Neural Implants Market?

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