Global Neuromodulation Market 2024-2028
The neuromodulation market is forecasted to grow by USD 6214.7 mn during 2023-2028, accelerating at a CAGR of 12.57% during the forecast period. The report on the neuromodulation market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing geriatric population, increasing awareness initiatives and access to healthcare, and increasing prevalence of neurological disorders.
Technavio's neuromodulation market is segmented as below:
By Product
- Implantable neuromodulation devices
- External neuromodulation devices
By End-user
By Geography
- North America
- Europe
- Asia
- Rest of World (ROW)
This study identifies the increasing funding for neurology as one of the prime reasons driving the neuromodulation market growth during the next few years. Also, growing medical tourism in emerging economies and expanding applications of neuromodulation therapies will lead to sizable demand in the market.
The report on the neuromodulation market covers the following areas:
- Neuromodulation market sizing
- Neuromodulation market forecast
- Neuromodulation market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading neuromodulation market vendors that include Abbott Laboratories, Axonics Inc., BioWave Ltd., Boston Scientific Corp., BrainsWay Ltd., Cognito Therapeutics, electroCore Inc., Evren Technologies Inc., LivaNova PLC, Medtronic Plc, NeuroMetrix Inc., NEURONETICS Inc., Nevro Corp., OMRON Corp., PathMaker Neurosystems Inc., Saluda Medical Pty Ltd., ShiraTronics, Theranica Bio Electronics Ltd., Thync Global Inc., and Ziv HealthCare Ltd.. Also, the neuromodulation market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.