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Neuromodulation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 141 pages | ID: NB16A5424478EN
IMARC Group

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Market Overview:

The global neuromodulation market size reached US$ 6.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.5 Billion by 2028, exhibiting a growth rate (CAGR) of 10.4% during 2023-2028.

Neuromodulation is a medical technique used for the modulation and alteration of nerve activities by delivering electrical or pharmaceutical agents directly to the targeted area. It consists of tiny electrodes that generate electrical stimulation with the help of pulse generators to supplement neurological activities in the patients. The electrodes are generally placed in the nerves, brain, or spinal cord, whereas pulse generators are implanted within the skin. Neuromodulation is widely used to treat depression, chronic pain, epilepsy, tremor, migraine, failed back syndrome, Parkinson's disease, and gastroparesis. It includes the vagal nerve, deep brain, transcranial magnetic, and electrical stimulation. It assists in monitoring nerve activity, alleviating symptoms, and normalizing activity levels in the brain.

Neuromodulation Market Trends:
The rising geriatric population and the increasing prevalence of Alzheimer's and Parkinson's diseases across the globe are key factors driving the market growth. Neuromodulation is widely used to treat overactive bladder, low movement, rigidity, tremor, walking problems, neurodegenerative, and neurological disorders. Moreover, technological innovations, such as the introduction of lithium-ion (Li-ion) batteries that provide high energy density, rechargeability, and enhanced cycling temperature, are providing a considerable boost to the market growth. Additionally, the widespread utilization of spinal cord stimulation (SCS) in various medical problems, such as complex regional pain syndrome, neuropathy, nerve damage, failed-back surgery syndrome, and arachnoiditis, is positively impacting the market growth. Apart from this, the increasing usage of deep brain stimulation (DBS) that delivers low bipolar or monopolar electric impulses and is used in the treatment of depression and obsessive-compulsive disorders (OCD) is creating a positive outlook for the market. Other factors, such as extensive research and development (R&D) activities and significant growth in the healthcare industry, are anticipated to drive the market toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global neuromodulation market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on technology, biomaterial and application.

Breakup by Technology:

Internal Neuromodulation
Spinal Cord Stimulation (SCS)
Deep Brain Stimulation (DBS)
Vagus Nerve Stimulation (VNS)
Sacral Nerve Stimulation (SNS)
Gastric Electrical Stimulation (GES)
External Neuromodulation
Transcutaneous Electrical Nerve Stimulation (TENS)
Transcranial Magnetic Stimulation (TMS)
Others

Breakup by Biomaterial:

Metallic Biomaterials
Polymeric Biomaterials
Ceramic Biomaterials

Breakup by Application:

Parkinson's Disease
Epilepsy
Depression
Dystonia
Pain Management
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Abbott Laboratories, Bioventus Inc., Boston Scientific Corporation, Helius Medical Technologies, Integer Holdings Corporation, LivaNova PLC, Medtronic plc, MicroTransponder Inc., Neuronetics, NeuroPace Inc., NeuroSigma Inc., Nevro Corp.

Key Questions Answered in This Report:
How has the global neuromodulation market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global neuromodulation market?
What are the key regional markets?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the biomaterial?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global neuromodulation market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL NEUROMODULATION MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast

6 MARKET BREAKUP BY TECHNOLOGY

6.1Internal Neuromodulation
  6.1.1 Market Trends
  6.1.2 Key Segments
    6.1.2.1 Spinal Cord Stimulation (SCS)
    6.1.2.2 Deep Brain Stimulation (DBS)
    6.1.2.3 Vagus Nerve Stimulation (VNS)
    6.1.2.4 Sacral Nerve Stimulation (SNS)
    6.1.2.5 Gastric Electrical Stimulation (GES)
  6.1.3 Market Forecast
6.2External Neuromodulation
  6.2.1 Market Trends
  6.2.2 Key Segments
    6.2.2.1 Transcutaneous Electrical Nerve Stimulation (TENS)
    6.2.2.2 Transcranial Magnetic Stimulation (TMS)
    6.2.2.3 Others
  6.2.3 Market Forecast

7 MARKET BREAKUP BY BIOMATERIAL

7.1Metallic Biomaterials
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2Polymeric Biomaterials
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3Ceramic Biomaterials
  7.3.1 Market Trends
  7.3.2 Market Forecast

8 MARKET BREAKUP BY APPLICATION

8.1Parkinson's Disease
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2Epilepsy
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3Depression
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4Dystonia
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5Pain Management
  8.5.1 Market Trends
  8.5.2 Market Forecast
8.6Others
  8.6.1 Market Trends
  8.6.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2Asia-Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
  14.3.1Abbott Laboratories
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
    14.3.1.3 Financials
    14.3.1.4 SWOT Analysis
  14.3.2Bioventus Inc.
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
  14.3.3Boston Scientific Corporation
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
    14.3.3.3 Financials
    14.3.3.4 SWOT Analysis
  14.3.4Helius Medical Technologies
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
    14.3.4.3 Financials
  14.3.5Integer Holdings Corporation
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
    14.3.5.3 Financials
  14.3.6LivaNova PLC
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
    14.3.6.3 Financials
  14.3.7Medtronic plc
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
    14.3.7.3 Financials
    14.3.7.4 SWOT Analysis
  14.3.8MicroTransponder Inc.
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
  14.3.9Neuronetics
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
    14.3.9.3 Financials
  14.3.10NeuroPace Inc.
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
    14.3.10.3 Financials
  14.3.11NeuroSigma Inc.
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio
  14.3.12Nevro Corp.
    14.3.12.1 Company Overview
    14.3.12.2 Product Portfolio
    14.3.12.3 Financials

LIST OF TABLES

Table 1: Global: Neuromodulation Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Neuromodulation Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 3: Global: Neuromodulation Market Forecast: Breakup by Biomaterial (in Million US$), 2023-2028
Table 4: Global: Neuromodulation Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Neuromodulation Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Neuromodulation Market: Competitive Structure
Table 7: Global: Neuromodulation Market: Key Players

LIST OF FIGURES

Figure 1: Global: Neuromodulation Market: Major Drivers and Challenges
Figure 2: Global: Neuromodulation Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Neuromodulation Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Neuromodulation Market: Breakup by Technology (in %), 2022
Figure 5: Global: Neuromodulation Market: Breakup by Biomaterial (in %), 2022
Figure 6: Global: Neuromodulation Market: Breakup by Application (in %), 2022
Figure 7: Global: Neuromodulation Market: Breakup by Region (in %), 2022
Figure 8: Global: Neuromodulation (Internal Neuromodulation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Neuromodulation (Internal Neuromodulation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Neuromodulation (External Neuromodulation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Neuromodulation (External Neuromodulation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Neuromodulation (Metallic Biomaterials) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Neuromodulation (Metallic Biomaterials) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Neuromodulation (Polymeric Biomaterials) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Neuromodulation (Polymeric Biomaterials) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Neuromodulation (Ceramic Biomaterials) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Neuromodulation (Ceramic Biomaterials) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Neuromodulation (Parkinson's Disease) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Neuromodulation (Parkinson's Disease) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Neuromodulation (Epilepsy) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Neuromodulation (Epilepsy) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Neuromodulation (Depression) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Neuromodulation (Depression) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Neuromodulation (Dystonia) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Neuromodulation (Dystonia) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Neuromodulation (Pain Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Neuromodulation (Pain Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Neuromodulation (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Neuromodulation (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Neuromodulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: Neuromodulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: United States: Neuromodulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: United States: Neuromodulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: Neuromodulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Canada: Neuromodulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Asia-Pacific: Neuromodulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Asia-Pacific: Neuromodulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: China: Neuromodulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: China: Neuromodulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Japan: Neuromodulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Japan: Neuromodulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: India: Neuromodulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: India: Neuromodulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: South Korea: Neuromodulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: South Korea: Neuromodulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Australia: Neuromodulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Australia: Neuromodulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Indonesia: Neuromodulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Indonesia: Neuromodulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Others: Neuromodulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Others: Neuromodulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Europe: Neuromodulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Europe: Neuromodulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Germany: Neuromodulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: Neuromodulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: France: Neuromodulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: France: Neuromodulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: United Kingdom: Neuromodulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: United Kingdom: Neuromodulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Italy: Neuromodulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Italy: Neuromodulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Spain: Neuromodulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Spain: Neuromodulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Russia: Neuromodulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Russia: Neuromodulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Neuromodulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Neuromodulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Latin America: Neuromodulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Latin America: Neuromodulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Brazil: Neuromodulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Brazil: Neuromodulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Mexico: Neuromodulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Mexico: Neuromodulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Neuromodulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Neuromodulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Middle East and Africa: Neuromodulation Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Middle East and Africa: Neuromodulation Market: Breakup by Country (in %), 2022
Figure 78: Middle East and Africa: Neuromodulation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Global: Neuromodulation Industry: SWOT Analysis
Figure 80: Global: Neuromodulation Industry: Value Chain Analysis
Figure 81: Global: Neuromodulation Industry: Porter's Five Forces Analysis


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