Neurostimulation Devices Market 2024-2028
The neurostimulation devices market is forecasted to grow by USD 7289.3 mn during 2023-2028, accelerating at a CAGR of 12.7% during the forecast period. The report on the neurostimulation devices 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 rising prevalence of neurological disorders, increasing number of initiatives to increase awareness of and access to neurological healthcare, and rapid increase in geriatric population.
Technavio's neurostimulation devices market is segmented as below:
- By Product
- Implantable neurostimulation devices
- External neurostimulation devices
- By Application
- Pain management
- Urinary and fecal incontinence
- Parkinsons disease
- Epilepsy
- Others
- By Geographical Landscape
- North America
- Europe
- Asia
- Rest of World (ROW)
This study identifies the expanding indications of neurostimulation devices as one of the prime reasons driving the neurostimulation devices market growth during the next few years. Also, increasing number of initiatives supporting research related to neurostimulation technology and technological advances in neurostimulation devices will lead to sizable demand in the market.
The report on the neurostimulation devices market covers the following areas:
- Neurostimulation Devices Market sizing
- Neurostimulation Devices Market forecast
- Neurostimulation Devices 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 neurostimulation devices market vendors that include Abbott Laboratories, ALEVA NEUROTHERAPEUTICS SA, Axonics Inc., Bayer AG, Bioinduction Ltd, Boston Scientific Corp., electroCore Inc., EndoStim Inc, Integer Holdings Corp., Laborie, LivaNova PLC, Medtronic Plc, NeuroMetrix Inc., NEURONETICS Inc., NeuroPace Inc., Nevro Corp., Parasym, Perflow Medical Ltd., Soterix Medical Inc., and Synapse Biomedical Inc.. Also, the neurostimulation devices 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 primary and secondary research. 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 accurate market growth.