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Neurostimulation Devices Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
Neurostimulation Devices
What Is the Current Neurostimulation Devices Market Size and Its Estimated Growth Rate?
The neurostimulation devices market has expanded rapidly in recent years. It is projected to grow from $6.3 billion in 2024 to $7.1 billion in 2025 at a compound annual growth rate (CAGR) of 12.6%. This market's growth has been attributed to chronic pain management, an aging population, increasing awareness and acceptance, and a multidisciplinary approach to treatment.
The neurostimulation devices market is anticipated to experience rapid growth, projected to reach $11.18 billion in 2029 at a CAGR of 12.0%. Growth drivers include minimally invasive procedures, expanding access in emerging regions, favorable regulations, and the rise of remote monitoring. Trends in this space feature wearable devices, personalized treatment protocols, enhanced device connectivity, and combination therapy models.
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How Are Emerging Segments Shaping the Neurostimulation Devices Market Landscape?
The neurostimulation devices market covered in this report is segmented -
1) By Product: Implantable Devices, External Devices
2) By Application: Pain Management, Epilepsy, Essential Tremor, Urinary and Fecal Incontinence, Depression, Dystonia, Gastroparesis, Parkinson's Disease
3) By End User: Hospitals, Rehabilitation Centers, Medical Clinic
Subsegments:
1) By Implantable Devices: Spinal Cord Stimulators (SCS), Deep Brain Stimulators (DBS), Vagus Nerve Stimulators (VNS), Sacral Nerve Stimulators (SNS)
2) By External Devices: Transcranial Magnetic Stimulation (TMS) Devices, Transcranial Direct Current Stimulation (tDCS) Devices, Cranial Electrotherapy Stimulation (CES) Devices
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Which Growth Factors Are Influencing Neurostimulation Devices Market Expansion?
The increasing elderly population is leading to growth in the neurostimulation device market. As more people age, the prevalence of neurobiological conditions also rises. According to WHO, by 2050, 80% of older adults will live in low- and middle-income countries, with those over 60 nearly doubling from 12% to 22% of the global population, contributing to market demand.
Who Are the Dominant Players Across Different Neurostimulation Devices Market Segments?
Major companies operating in the neurostimulation devices market include Medtronic plc, Cyberonics Inc., Boston Scientific Corporation, Abbott Laboratories, Nevro Corporation, Neuronetics Inc., NeuroPace Inc., NeuroSigma Inc., Cochlear Ltd., NDI Medical LLC, Synapse Biomedical Inc., MED-EL, LivaNova PLC, DePuy Synthes Inc., Aleva Neurotherapeutics, BrainsWay, Cortec Corporation, Endonovo Therapeutics Inc., Inspire Medical Systems Inc., The Magstim Company Limited, Mainstay Medical Limited, MicroTransponder Inc., MindMaze, NeuroMetrix, Nexeon MedSystems, Nuvectra, Saluda Medical, SPR Therapeutics Inc., Uro Medical Corporation
What Neurostimulation Devices Market Trends Are Gaining Traction Across Different Segments?
Minimally invasive technologies are advancing in the treatment of neurological disorders. One such technique is Deep Brain Stimulation (DBS), a surgical procedure that delivers electrical impulses to targeted brain areas to treat Parkinson's disease symptoms. DBS devices function similarly to pacemakers and help normalize brain activity by disrupting problematic neural circuits.
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Which Geographic Regions Are Expected to Dominate the Neurostimulation Devices Market in the Coming Years?
North America was the largest region in the global neurostimulation devices market in 2023. Asia-Pacific was the second-largest region in the neurostimulation devices market. The regions covered in the neurostimulation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Neurostimulation Devices Market?
2. What is the CAGR expected in the Neurostimulation Devices Market?
3. What Are the Key Innovations Transforming the Neurostimulation Devices Industry?
4. Which Region Is Leading the Neurostimulation Devices Market?
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