Neuromodulation Device Market Size, Share & Trends Analysis | Global | 2023-2029 | MedCore | Includes: Spinal Cord Stimulation, Deep Brain Stimulation, and 3 more

Neuromodulation Device Market Size, Share & Trends Analysis | Global | 2023-2029 | MedCore | Includes: Spinal Cord Stimulation, Deep Brain Stimulation, and 3 more

The global neuromodulation device market was valued at $4.9 billion in 2022, and is expected to grow at a CAGR of 7.4% during the forecast period to reach $8.2 billion. The market encompasses various segments, such as spinal cord stimulation, deep brain stimulation, sacral nerve stimulation, vagus nerve stimulation, and gastric electric stimulation.

MARKET REPORT DATA TYPES INCLUDED

Unit Sales, Average Selling Prices, Market Size & Growth Trends

COVID-19 Impact Analysis

Market Drivers & Limiters
Market Forecasts Until 2029, and Historical Data to 2019
Recent Mergers & Acquisitions
Company Profiles and Product Portfolios
Leading Competitors

GLOBAL NEUROMODULATION DEVICE MARKET INSIGHTS

One of the primary drivers of the global neuromodulation device market is the continuous technological advancements in neuromodulation devices. An attractive feature for patients is the prolonged battery life in implantable, rechargeable spinal cord stimulation devices. Many manufacturers claim battery lifetimes ranging from five to nine years, and they are currently seeking support from the FDA for longer battery life claims.

GLOBAL NEUROMODULATION DEVICE MARKET SHARE INSIGHTS

Within the global market for neuromodulation devices, there are three key market players – Medtronic, Boston Scientific, Abbott. In 2022, Medtronic was the leading competitor in the global neuromodulation market, offering its InterStim™ therapy system product line. Boston Scientific ranked second in the neuromodulation device market, while Abbott held the third-leading position.

MARKET SEGMENTATION SUMMARY

Global Spinal Cord Stimulation Market
Global Deep Brain Stimulation Market
Global Sacral Nerve Stimulation Market
Global Vagus Nerve Stimulation Market
Global Gastric Electric Stimulation Market

RESEARCH SCOPE SUMMARY

Regions: North America (Canada, United States), Latin America (Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela), Western Europe (Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K.), Central & Eastern Europe (Baltic States, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Turkey, Ukraine), Middle East (Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates), Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam), Africa (Algeria, Egypt, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda)
Base Year: 2022
Forecast: 2023-2029
Historical Data: 2019-2022
Quantitative Coverage: Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices.
Qualitative Coverage: COVID19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive Technologies, Disease Overviews.
Data Sources: Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database.

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