Jan 17, 2022

Implantable Neurostimulators Market: Increasing Incidence of Various Chronic Disorders is Augmenting the Market Growth

Neurostimulation therapy is used to treat several disorders associated with the nervous system, and it also improves the lives of severely paralyzed patients. Implantable neurostimulators are medical devices that deliver mild electrical signals to specific parts of the patient's spinal cord, brain, or peripheral nervous system (PNS) to supplement the neurological activities in the patients.

Technological advancements, growing age-related neurological diseases, rising awareness, and long-term cost-effectiveness drive the development of the Implantable Neurostimulators market. Recently Medtronic plc reported three-month results from an on-label, prospective, multi-center study1 that showed DTM SCS endurance therapy, a modified, lower-energy variation of the company's Differential Target MultiplexedTM (DTM) Spinal Cord Stimulation (SCS) therapy for chronic overall, back, or leg pain provided meaningful pain relief.

Increased prevalence of neurological disorders, growing geriatric population, increasing healthcare expenditure, surging demand for minimally invasive surgeries, increasing FDA approval for implanted neurostimulators are further expected to drive the demand for implantable neurostimulators in the upcoming years. Also, many healthcare facilities and centers found these devices very important and effective in treating neurological patients, resulting in the expansion of the market. However, factors like the side effects of neurostimulation devices, availability of alternative treatment options, and the high cost of treatments or devices may negatively impact the development of this market.

Geographically, North America is anticipated to dominate the global Implantable Neurostimulators market in the coming years (2019-2030), owing to the increasing R&D activities in therapy innovations and the rapid adoption of advanced therapy techniques.

 

Companies Mentioned:

  • Cyberonics
  • EnteroMedics
  • Axonics Modulation Technologies
  • Imthera
  • IntraPace
  • LivaNova
  • Medtronic
  • Inspire Medical
  • NeuroPace
  • Nevro Corp.
  • SPR Therapeutics
  • Nuvectra
  • Stimwave
  • Other Prominent Players

Segmentation Analysis

Global Implantable Neurostimulators Market, based on  Product Type, 2019-2030 (Value (US$ Mn) & Volume (no. of units))

  • Myostimulation
  • Upper Airway Stimulation
  • Gastric Stimulation

 

  • Peripheral Nerve Stimulation
  • Vagus Nerve Stimulation
  • Perineal Nerve Stimulation
  • Sacral Nerves Stimulation

 

  • Spinal Cord Stimulation
  • Brain Stimulation
  • Deep Brain Stimulation
  • Responsive Brain Stimulation

 

Global Implantable Neurostimulators Market, based on  End-user, 2019-2030 (Value (US$ Mn) & Volume (no. of units))

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Clinics

Global Implantable Neurostimulators Market, based on  Region, 2019-2030 (Value (US$ Mn) & Volume (no. of units))

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

North America Implantable Neurostimulators Market, by Country, 2019-2030 (Value (US$ Mn) & Volume (no. of units))

  • U.S.
  • Canada

Europe Implantable Neurostimulators Market, by Country, 2019-2030 (Value (US$ Mn) & Volume (no. of units))

  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

Asia Pacific Implantable Neurostimulators Market, by Country, 2019-2030 (Value (US$ Mn) & Volume (no. of units))

  • India
  • China
  • Japan
  • South Korea
  • Australia & New Zealand

Latin America Implantable Neurostimulators Market, by Country, 2019-2030 (Value (US$ Mn) & Volume (no. of units))

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa Implantable Neurostimulators Market, by Country, 2019-2030 (Value (US$ Mn) & Volume (no. of units))

  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Why should buy this report:

  • To receive a comprehensive analysis of the prospects for the global Implantable Neurostimulators market
  • To receive an industry overview and future trends of the Implantable Neurostimulators market
  • To analyze the Implantable Neurostimulators market drivers and challenges
  • To get information on the Implantable Neurostimulators market size (Value (US$ Mn) & Volume (no. of units)) forecast to 2030
  • Significant investments, mergers & acquisitions in the Implantable Neurostimulators market industry