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Global Neurostimulation Market Size study & Forecast, by Type (Spinal Cord Stimulators, Deep Brain Stimulators, Sacral Nerve Stimulators, Vagus Nerve Stimulators, Others), by Application (Pain Management, Hearing Loss, Urinary Incontinence, Parkinson's disease, Epilepsy, Others) and Regional Analysis, 2023-2030

December 2023 | 200 pages | ID: G55C3D8B9E02EN
Bizwit Research & Consulting LLP

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Global Neurostimulation Market is valued at approximately USD 5,584.5 million in 2022 and is anticipated to grow with a healthy growth rate of more than 9.5% over the forecast period 2023-2030. Neurostimulation refers to the use of electrical or magnetic impulses to modulate the activity of the nervous system for therapeutic purposes. This medical technique involves the application of controlled and targeted stimulation to specific nerves or areas of the brain, spinal cord, or peripheral nerves. The Neurostimulation Market is expanding because of factors such as the growing incidence of neurological disorders and the rising geriatric population. It is used to manage various neurological and psychiatric conditions, offering an alternative or complementary approach to traditional treatments such as medications or surgery. As a result, the demand for Neurostimulation has progressively increased in the international market during the forecast period 2023-2030.

Neurostimulation, including Peripheral Nerve Stimulation, can be beneficial for conditions involving peripheral nerves. This includes neuropathies and certain pain syndromes that result from damage or dysfunction of peripheral nerves. As the incidence of these peripheral nerve disorders increases, so does the demand for targeted and effective therapies such as neurostimulation. There are about 600 neurologic diseases, according to the National Library of Medicine in the United States. Epilepsy, learning impairments, neuromuscular problems, autism, brain tumors, and cerebral palsy are just a few causes of neurological disabilities. Furthermore, according to Global Cancer Observatory, the number of Brain, nervous system cancer cases across the world accounts 308 thousand in 2020 and projected to reach up to 372 thousand by the year 2030. Another important factor that drives the Neurostimulation Market is the increasing geriatric population. The risk of neurological disorders, such as Parkinson's disease, essential tremor, neuropathic pain, and other conditions, tends to increase with age. As the geriatric population expands, there is a corresponding rise in the incidence of these disorders, driving the demand for neurostimulation therapies to manage symptoms and improve quality of life. In addition, per World Health Organization indicates that the global population aged 60 and above is expected to double to around 2.1 billion by 2050. Moreover, those aged 80 and beyond are anticipated to triple between 2020 and 2050, reaching a staggering 426 million. Moreover, rising government initiatives towards awareness campaigns regarding neurological disorders and the rising integration of AI in Neurostimulation are anticipated to create lucrative growth opportunities for the market over the forecast period. However, the high cost of neuromodulation procedures and the lack of trained professionals are going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Neurostimulation Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the highly developed healthcare system, and the large number of manufacturing companies in the region. Neurostimulation involves the use of electrical or magnetic impulses to modulate the activity of the nervous system. This field has seen significant advancements, and various neurostimulation devices are used for therapeutic purposes, such as treating chronic pain, neurological disorders, and mental health conditions. The region’s dominant performance is anticipated to propel the overall demand for Neurostimulation. Furthermore, Asia Pacific is expected to grow fastest over the forecast period, owing to factors such as the increasing number of populations and neurological disorders in the region.

Major market player included in this report are:
Medtronic plc
Boston Scientific Corporation
Abbott Laboratories
Nevro Corp
LivaNova PLC
Cochlear Limited
Cyberonics, Inc
NeuroPace, Inc
Aleva Neurotherapeutics SA
NeuroSigma, Inc

Recent Developments in the Market:
In August 2023, Medtronic plc a renowned global healthcare technology leader, announced the receipt of CE Mark approval for its groundbreaking Inceptiv closed-loop rechargeable spinal cord stimulator. This marks a significant milestone as it represents the first Medtronic SCS device to incorporate a closed-loop feature. This innovative technology is designed to discern individual biological signals continuously, adapting the stimulation dynamically moment by moment. This capability ensures that therapy remains synchronized with the unique movements of daily life.

Global Neurostimulation Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Type, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type
Spinal Cord Stimulators
Deep Brain Stimulators
Sacral Nerve Stimulators
Vagus Nerve Stimulators
Others

By Application
Pain Management
Hearing Loss
Urinary Incontinence
Parkinson's disease
Epilepsy
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
  1.2.1. Neurostimulation Market, by Region, 2020-2030 (USD Million)
  1.2.2. Neurostimulation Market, by Type, 2020-2030 (USD Million)
  1.2.3. Neurostimulation Market, by Application, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL NEUROSTIMULATION MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL NEUROSTIMULATION MARKET DYNAMICS

3.1. Neurostimulation Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Growing incidence of neurological disorders
    3.1.1.2. Rising geriatric population
  3.1.2. Market Challenges
    3.1.2.1. High cost of neuromodulation procedures
    3.1.2.2. Lack of trained professionals
  3.1.3. Market Opportunities
    3.1.3.1. Rising government initiatives towards awareness campaigns regarding neurological disorder
    3.1.3.2. Rising integration of AI in Neurostimulation

CHAPTER 4. GLOBAL NEUROSTIMULATION MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL NEUROSTIMULATION MARKET, BY TYPE

5.1. Market Snapshot
5.2. Global Neurostimulation Market by Type, Performance - Potential Analysis
5.3. Global Neurostimulation Market Estimates & Forecasts by Type 2020-2030 (USD Million)
5.4. Neurostimulation Market, Sub Segment Analysis
  5.4.1. Spinal Cord Stimulators
  5.4.2. Deep Brain Stimulators
  5.4.3. Sacral Nerve Stimulators
  5.4.4. Vagus Nerve Stimulators
  5.4.5. Others

CHAPTER 6. GLOBAL NEUROSTIMULATION MARKET, BY APPLICATION

6.1. Market Snapshot
6.2. Global Neurostimulation Market by Application, Performance - Potential Analysis
6.3. Global Neurostimulation Market Estimates & Forecasts by Application 2020-2030 (USD Million)
6.4. Neurostimulation Market, Sub Segment Analysis
  6.4.1. Pain Management
  6.4.2. Hearing Loss
  6.4.3. Urinary Incontinence
  6.4.4. Parkinson's disease
  6.4.5. Epilepsy
  6.4.6. Others

CHAPTER 7. GLOBAL NEUROSTIMULATION MARKET, REGIONAL ANALYSIS

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Neurostimulation Market, Regional Market Snapshot
7.4. North America Neurostimulation Market
  7.4.1. U.S. Neurostimulation Market
    7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
    7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
  7.4.2. Canada Neurostimulation Market
7.5. Europe Neurostimulation Market Snapshot
  7.5.1. U.K. Neurostimulation Market
  7.5.2. Germany Neurostimulation Market
  7.5.3. France Neurostimulation Market
  7.5.4. Spain Neurostimulation Market
  7.5.5. Italy Neurostimulation Market
  7.5.6. Rest of Europe Neurostimulation Market
7.6. Asia-Pacific Neurostimulation Market Snapshot
  7.6.1. China Neurostimulation Market
  7.6.2. India Neurostimulation Market
  7.6.3. Japan Neurostimulation Market
  7.6.4. Australia Neurostimulation Market
  7.6.5. South Korea Neurostimulation Market
  7.6.6. Rest of Asia Pacific Neurostimulation Market
7.7. Latin America Neurostimulation Market Snapshot
  7.7.1. Brazil Neurostimulation Market
  7.7.2. Mexico Neurostimulation Market
7.8. Middle East & Africa Neurostimulation Market
  7.8.1. Saudi Arabia Neurostimulation Market
  7.8.2. South Africa Neurostimulation Market
  7.8.3. Rest of Middle East & Africa Neurostimulation Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. Medtronic plc
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Recent Developments
  8.3.2. Boston Scientific Corporation
  8.3.3. Abbott Laboratories
  8.3.4. Nevro Corp
  8.3.5. LivaNova PLC
  8.3.6. Cochlear Limited
  8.3.7. Cyberonics, Inc
  8.3.8. NeuroPace, Inc
  8.3.9. Aleva Neurotherapeutics SA
  8.3.10. NeuroSigma, Inc

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Neurostimulation Market, report scope
TABLE 2. Global Neurostimulation Market estimates & forecasts by Region 2020-2030 (USD Million)
TABLE 3. Global Neurostimulation Market estimates & forecasts by Type 2020-2030 (USD Million)
TABLE 4. Global Neurostimulation Market estimates & forecasts by Application 2020-2030 (USD Million)
TABLE 5. Global Neurostimulation Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 6. Global Neurostimulation Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 7. Global Neurostimulation Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 8. Global Neurostimulation Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 9. Global Neurostimulation Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 10. Global Neurostimulation Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 11. Global Neurostimulation Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 12. Global Neurostimulation Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 13. Global Neurostimulation Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 14. Global Neurostimulation Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 15. U.S. Neurostimulation Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 16. U.S. Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 17. U.S. Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 18. Canada Neurostimulation Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 19. Canada Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 20. Canada Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 21. UK Neurostimulation Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 22. UK Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 23. UK Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 24. Germany Neurostimulation Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 25. Germany Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 26. Germany Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 27. France Neurostimulation Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 28. France Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 29. France Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 30. Italy Neurostimulation Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 31. Italy Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 32. Italy Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 33. Spain Neurostimulation Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 34. Spain Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 35. Spain Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 36. RoE Neurostimulation Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 37. RoE Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 38. RoE Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 39. China Neurostimulation Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 40. China Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 41. China Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 42. India Neurostimulation Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 43. India Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 44. India Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 45. Japan Neurostimulation Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 46. Japan Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 47. Japan Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 48. South Korea Neurostimulation Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 49. South Korea Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 50. South Korea Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 51. Australia Neurostimulation Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 52. Australia Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 53. Australia Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 54. RoAPAC Neurostimulation Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 55. RoAPAC Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 56. RoAPAC Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 57. Brazil Neurostimulation Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 58. Brazil Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 59. Brazil Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 60. Mexico Neurostimulation Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 61. Mexico Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 62. Mexico Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 63. RoLA Neurostimulation Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 64. RoLA Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 65. RoLA Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 66. Saudi Arabia Neurostimulation Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 67. South Africa Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 68. RoMEA Neurostimulation Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 69. List of secondary sources, used in the study of global Neurostimulation Market
TABLE 70. List of primary sources, used in the study of global Neurostimulation Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES

FIG 1. Global Neurostimulation Market, research methodology
FIG 2. Global Neurostimulation Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Neurostimulation Market, key trends 2022
FIG 5. Global Neurostimulation Market, growth prospects 2023-2030
FIG 6. Global Neurostimulation Market, porters 5 force model
FIG 7. Global Neurostimulation Market, pest analysis
FIG 8. Global Neurostimulation Market, value chain analysis
FIG 9. Global Neurostimulation Market by segment, 2020 & 2030 (USD Million)
FIG 10. Global Neurostimulation Market by segment, 2020 & 2030 (USD Million)
FIG 11. Global Neurostimulation Market by segment, 2020 & 2030 (USD Million)
FIG 12. Global Neurostimulation Market by segment, 2020 & 2030 (USD Million)
FIG 13. Global Neurostimulation Market by segment, 2020 & 2030 (USD Million)
FIG 14. Global Neurostimulation Market, regional snapshot 2020 & 2030
FIG 15. North America Neurostimulation Market 2020 & 2030 (USD Million)
FIG 16. Europe Neurostimulation Market 2020 & 2030 (USD Million)
FIG 17. Asia pacific Neurostimulation Market 2020 & 2030 (USD Million)
FIG 18. Latin America Neurostimulation Market 2020 & 2030 (USD Million)
FIG 19. Middle East & Africa Neurostimulation Market 2020 & 2030 (USD Million)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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