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Neurostimulation Market Size, Trends, Analysis, and Outlook By Product (Deep Brain Stimulation (DBS) Systems, Sacral Nerve Stimulation (SNS) Systems, Vagus Nerve Stimulation (VNS) Systems, Transcranial Magnetic Stimulation (TMS) Systems, Spinal Cord Stimulation (SCS) Systems, Gastric Electrical Stimulation (GES) Systems), By Technology (Non-invasive Neurostimulation, Invasive Neurostimulation), By Application (Chronic Pain Management, Essential Tremor, Epilepsy, Urinary and Fecal Incontinence, Parkinson's Disease, Depression, Obsessive-Compulsive Disorder, Gastroparesis), By End-User (Hospitals, Clinics, Ambulatory Surgical Centers, Others), by Country, Segment, and Companies, 2024-2032

April 2024 | 205 pages | ID: N8771D3C2001EN
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The global Neurostimulation market size is poised to register 11.6% growth from 2024 to 2032, presenting significant growth prospects for companies operating in the industry. The industry study analyzes the global Neurostimulation market across By Product (Deep Brain Stimulation (DBS) Systems, Sacral Nerve Stimulation (SNS) Systems, Vagus Nerve Stimulation (VNS) Systems, Transcranial Magnetic Stimulation (TMS) Systems, Spinal Cord Stimulation (SCS) Systems, Gastric Electrical Stimulation (GES) Systems), By Technology (Non-invasive Neurostimulation, Invasive Neurostimulation), By Application (Chronic Pain Management, Essential Tremor, Epilepsy, Urinary and Fecal Incontinence, Parkinson's Disease, Depression, Obsessive-Compulsive Disorder, Gastroparesis), By End-User (Hospitals, Clinics, Ambulatory Surgical Centers, Others)

The future of the neurostimulation market is influenced by advancements in neuromodulation technology, increasing prevalence of chronic pain and neurological disorders, and growing demand for non-pharmacological treatment options. Neurostimulation therapies involve the delivery of electrical or magnetic stimuli to specific targets within the nervous system to modulate neural activity and alleviate symptoms of chronic pain, movement disorders, psychiatric conditions, and neurological diseases. With the rise of personalized medicine and patient-centric care, there is a growing need for neurostimulation devices that offer precise targeting, customizable stimulation parameters, and minimal side effects. Further, technological innovations such as closed-loop systems, wireless connectivity, and minimally invasive implants are driving the development of next-generation neurostimulation technologies with improved efficacy, safety, and patient comfort. Over the forecast period to 2030, expanding applications in chronic pain management, epilepsy treatment, and mood disorders, coupled with increasing investments in neurotechnology research and clinical trials, are expected to drive market growth and innovation, enabling healthcare providers to offer personalized and tailored treatment approaches for patients with neurological conditions.

Neurostimulation Market Drivers, Trends, Opportunities, and Growth Opportunities

This comprehensive study discusses the latest trends and the most pressing challenges for industry players and investors. The Neurostimulation market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Neurostimulation survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the Neurostimulation industry.

Key market trends defining the global Neurostimulation demand in 2024 and Beyond

The industry continues to remain an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play a major role.

Neurostimulation Market Segmentation- Industry Share, Market Size, and Outlook to 2032

The Neurostimulation industry comprises a wide range of segments and sub-segments. The rising demand for these product types and applications is supporting companies to increase their investment levels across niche segments. Accordingly, leading companies plan to generate a large share of their future revenue growth from expansion into these niche segments. The report presents the market size outlook across segments to support Neurostimulation companies scaling up production in these sub-segments with a focus on expanding into emerging countries.

Key strategies adopted by companies within the Neurostimulation industry

Leading Neurostimulation companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Further, companies are leveraging advanced technologies to unlock opportunities and achieve operational excellence. The report provides key strategies opted for by the top 10 Neurostimulation companies.

Neurostimulation Market Study- Strategic Analysis Review

The Neurostimulation market research report dives deep into the qualitative factors shaping the market, empowering you to make informed decisions-
  • Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
  • Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
  • Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
  • Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.
Neurostimulation Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Neurostimulation industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. Further, with actual data for 2023, the report forecasts the market size outlook from 2024 to 2032 in three case scenarios- low case, reference case, and high case scenarios.

Neurostimulation Country Analysis and Revenue Outlook to 2032

The report analyses 22 countries worldwide including the key driving forces and market size outlook from 2021 to 2032. In addition, region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America is included in the study. For each of the six regions, the market size outlook by segments is forecast for 2032.

North America Neurostimulation Market Size Outlook- Companies plan for focused investments in a changing environment

The US continues to remain the market leader in North America, driven by a large consumer base, the presence of well-established providers, and a strong healthcare infrastructure. Leading companies focus on new product launches in the changing environment. The US healthcare expenditure is expected to grow to $4.8 trillion in 2024 (around 3.7% growth in 2024), potentially driving demand for various Neurostimulation market segments. Similarly, Strong market demand is encouraging Canadian Neurostimulation companies to invest in niche segments. Further, as Mexico continues to strengthen its relations and invest in technological advancements, the Mexico Neurostimulation market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.

Europe Neurostimulation Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities

The German industry remains the major market for companies in the European Neurostimulation industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of vendors in identifying and leveraging new growth prospects positions the European Neurostimulation market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific Neurostimulation Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing prevalence of indications, robust healthcare expenditure, and increasing investments in healthcare infrastructure drive the demand for Neurostimulation in Asia Pacific. In particular, China, India, and South East Asian Neurostimulation markets present a compelling outlook for 2032, acting as a magnet for both domestic and multinational vendors seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major countries in the APAC region.

Latin America Neurostimulation Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Neurostimulation Market Size Outlook- continues its upward trajectory across segments

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Neurostimulation market potential. Fueled by increasing healthcare expenditure of individuals, growing population, and high prevalence across a few markets drives the demand for Neurostimulation.

Neurostimulation Market Company Profiles

The global Neurostimulation market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are Abbott Laboratories, Aleva Neurotherapeutics SA, BioControl Medical Ltd, Boston Scientific Corp, LivaNova PLC, Medtronic plc, Neuronetics Inc, NeuroPace Inc, NeuroSigma Inc, Synapse Biomedical Inc.

Recent Neurostimulation Market Developments

The global Neurostimulation market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Neurostimulation Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2032 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis
  • Pricing Analysis
  • Value Chain Analysis
  • SWOT Profile
  • Market Dynamics- Trends, Drivers, Challenges
  • Porter’s Five Forces Analysis
  • Macroeconomic Impact Analysis
  • Case Scenarios- Low, Base, High
Market Segmentation:

By Product

Deep Brain Stimulation (DBS) Systems

Sacral Nerve Stimulation (SNS) Systems

Vagus Nerve Stimulation (VNS) Systems

Transcranial Magnetic Stimulation (TMS) Systems

Spinal Cord Stimulation (SCS) Systems

Gastric Electrical Stimulation (GES) Systems

By Technology

Non-invasive Neurostimulation

Invasive Neurostimulation

By Application

Chronic Pain Management

Essential Tremor

Epilepsy

Urinary and Fecal Incontinence

Parkinson's Disease

Depression

Obsessive-Compulsive Disorder

Gastroparesis

By End-User

Hospitals

Clinics

Ambulatory Surgical Centers

Others

Geographical Segmentation:
  • North America (3 markets)
  • Europe (6 markets)
  • Asia Pacific (6 markets)
  • Latin America (3 markets)
  • Middle East Africa (5 markets)
Companies

Abbott Laboratories

Aleva Neurotherapeutics SA

BioControl Medical Ltd

Boston Scientific Corp

LivaNova PLC

Medtronic plc

Neuronetics Inc

NeuroPace Inc

NeuroSigma Inc

Synapse Biomedical Inc

Formats Available: Excel, PDF, and PPT
1. EXECUTIVE SUMMARY

1.1 Neurostimulation Market Overview and Key Findings, 2024
1.2 Neurostimulation Market Size and Growth Outlook, 2021- 2030
1.3 Neurostimulation Market Growth Opportunities to 2030
1.4 Key Neurostimulation Market Trends and Challenges
  1.4.1 Neurostimulation Market Drivers and Trends
  1.4.2 Neurostimulation Market Challenges
1.5 Competitive Landscape and Key Players
1.6 Competitive Analysis- Growth Strategies Adopted by Leading Neurostimulation Companies

2. NEUROSTIMULATION MARKET SIZE OUTLOOK TO 2030

2.1 Neurostimulation Market Size Outlook, USD Million, 2021- 2030
2.2 Neurostimulation Incremental Market Growth Outlook, %, 2021- 2030
2.3 Segment Snapshot, 2024

3. NEUROSTIMULATION MARKET- STRATEGIC ANALYSIS REVIEW

3.1 Porter's Five Forces Analysis
* Threat of New Entrants
* Threat of Substitutes
* Intensity of Competitive Rivalry
* Bargaining Power of Buyers
* Bargaining Power of Suppliers
3.2 Value Chain Analysis
3.3 SWOT Analysis

4. NEUROSTIMULATION MARKET SEGMENTATION ANALYSIS AND OUTLOOK

4.1 Market Segmentation and Scope
4.2 Market Breakdown by Type, Application, and Other Segments, 2021-2030
By Product
Deep Brain Stimulation (DBS) Systems
Sacral Nerve Stimulation (SNS) Systems
Vagus Nerve Stimulation (VNS) Systems
Transcranial Magnetic Stimulation (TMS) Systems
Spinal Cord Stimulation (SCS) Systems
Gastric Electrical Stimulation (GES) Systems
By Technology
Non-invasive Neurostimulation
Invasive Neurostimulation
By Application
Chronic Pain Management
Essential Tremor
Epilepsy
Urinary and Fecal Incontinence
Parkinson's Disease
Depression
Obsessive-Compulsive Disorder
Gastroparesis
By End-User
Hospitals
Clinics
Ambulatory Surgical Centers
Others
4.3 Growth Prospects and Niche Opportunities, 2023- 2030
4.4 Regional comparison of Market Growth, CAGR, 2023-2030

5. REGION-WISE MARKET OUTLOOK TO 2030

5.1 Key Findings for Asia Pacific Neurostimulation Market, 2025
5.2 Asia Pacific Neurostimulation Market Size Outlook by Type, 2021- 2030
5.3 Asia Pacific Neurostimulation Market Size Outlook by Application, 2021- 2030
5.4 Key Findings for Europe Neurostimulation Market, 2025
5.5 Europe Neurostimulation Market Size Outlook by Type, 2021- 2030
5.6 Europe Neurostimulation Market Size Outlook by Application, 2021- 2030
5.7 Key Findings for North America Neurostimulation Market, 2025
5.8 North America Neurostimulation Market Size Outlook by Type, 2021- 2030
5.9 North America Neurostimulation Market Size Outlook by Application, 2021- 2030
5.10 Key Findings for South America Neurostimulation Market, 2025
5.11 South America Pacific Neurostimulation Market Size Outlook by Type, 2021- 2030
5.12 South America Neurostimulation Market Size Outlook by Application, 2021- 2030
5.13 Key Findings for Middle East and Africa Neurostimulation Market, 2025
5.14 Middle East Africa Neurostimulation Market Size Outlook by Type, 2021- 2030
5.15 Middle East Africa Neurostimulation Market Size Outlook by Application, 2021- 2030

6. COUNTRY-WISE MARKET SIZE OUTLOOK TO 2030

6.1 US Neurostimulation Market Size Outlook and Revenue Growth Forecasts
6.2 US Neurostimulation Industry Drivers and Opportunities
6.3 Canada Market Size Outlook and Revenue Growth Forecasts
6.4 Canada Neurostimulation Industry Drivers and Opportunities
6.6 Mexico Market Size Outlook and Revenue Growth Forecasts
6.6 Mexico Neurostimulation Industry Drivers and Opportunities
6.7 Germany Market Size Outlook and Revenue Growth Forecasts
6.8 Germany Neurostimulation Industry Drivers and Opportunities
6.9 France Market Size Outlook and Revenue Growth Forecasts
6.10 France Neurostimulation Industry Drivers and Opportunities
6.11 UK Market Size Outlook and Revenue Growth Forecasts
6.12 UK Neurostimulation Industry Drivers and Opportunities
6.13 Spain Market Size Outlook and Revenue Growth Forecasts
6.14 Spain Neurostimulation Industry Drivers and Opportunities
6.16 Italy Market Size Outlook and Revenue Growth Forecasts
6.16 Italy Neurostimulation Industry Drivers and Opportunities
6.17 Rest of Europe Market Size Outlook and Revenue Growth Forecasts
6.18 Rest of Europe Neurostimulation Industry Drivers and Opportunities
6.19 China Market Size Outlook and Revenue Growth Forecasts
6.20 China Neurostimulation Industry Drivers and Opportunities
6.21 India Market Size Outlook and Revenue Growth Forecasts
6.22 India Neurostimulation Industry Drivers and Opportunities
6.23 Japan Market Size Outlook and Revenue Growth Forecasts
6.24 Japan Neurostimulation Industry Drivers and Opportunities
6.26 South Korea Market Size Outlook and Revenue Growth Forecasts
6.26 South Korea Neurostimulation Industry Drivers and Opportunities
6.27 Australia Market Size Outlook and Revenue Growth Forecasts
6.28 Australia Neurostimulation Industry Drivers and Opportunities
6.29 South East Asia Market Size Outlook and Revenue Growth Forecasts
6.30 South East Asia Neurostimulation Industry Drivers and Opportunities
6.31 Rest of Asia Pacific Market Size Outlook and Revenue Growth Forecasts
6.32 Rest of Asia Pacific Neurostimulation Industry Drivers and Opportunities
6.33 Brazil Market Size Outlook and Revenue Growth Forecasts
6.34 Brazil Neurostimulation Industry Drivers and Opportunities
6.36 Argentina Market Size Outlook and Revenue Growth Forecasts
6.36 Argentina Neurostimulation Industry Drivers and Opportunities
6.37 Rest of South America Market Size Outlook and Revenue Growth Forecasts
6.38 Rest of South America Neurostimulation Industry Drivers and Opportunities
6.39 Middle East Market Size Outlook and Revenue Growth Forecasts
6.40 Middle East Neurostimulation Industry Drivers and Opportunities
6.41 Africa Market Size Outlook and Revenue Growth Forecasts
6.42 Africa Neurostimulation Industry Drivers and Opportunities

7. NEUROSTIMULATION MARKET OUTLOOK ACROSS SCENARIOS

7.1 Low Growth Case
7.2 Reference Growth Case
7.3 High Growth Case

8. NEUROSTIMULATION COMPANY PROFILES

8.1 Profiles of Leading Neurostimulation Companies in the Market
8.2 Business Descriptions, SWOT Analysis, and Growth Strategies
8.3 Financial Performance and Key Metrics
Abbott Laboratories
Aleva Neurotherapeutics SA
BioControl Medical Ltd
Boston Scientific Corp
LivaNova PLC
Medtronic plc
Neuronetics Inc
NeuroPace Inc
NeuroSigma Inc
Synapse Biomedical Inc.

9. APPENDIX

9.1 Scope of the Report
9.2 Research Methodology and Data Sources
9.3 Glossary of Terms
9.4 Market Definitions
9.5 Contact Information


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