Vagus Nerve Stimulator Market to Expand at a 10.1% CAGR from 2022-2031, Globally: TMR Report

The global 𝐯𝐚𝐠𝐮𝐬 𝐧𝐞𝐫𝐯𝐞 𝐬𝐭𝐢𝐦𝐮𝐥𝐚𝐭𝐨𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 was valued at US$444.7 million in 2021 and is projected to grow at a CAGR of 10.1% from 2022 to 2031, reaching over US$1.1 billion by 2031.

This growth is fueled by increasing prevalence of epilepsy and anxiety disorders. Vagus Nerve Stimulation (VNS) devices, which deliver mild electrical impulses to the vagus nerve, are used for treating epilepsy, depression, anxiety disorders, migraines, and cluster headaches. The market is expected to expand further with advancements in R&D for more effective and non-invasive VNS devices, eliminating the need for surgical implantation and broadening revenue opportunities for manufacturers.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=30395&utm_source=OpenPR&utm_campaign=MansiR_OpenPR

Vagus nerve stimulator is a medical device that is used to stimulate the vagus nerve ‒ a cranial nerve that runs from the brainstem to the abdomen. VNS can effectively reduce the frequency of seizures in patients with epilepsy. It can also mitigate symptoms of depression and anxiety in some patients.

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐈𝐦𝐩𝐥𝐚𝐧𝐭𝐚𝐛𝐥𝐞 𝐕𝐚𝐠𝐮𝐬 𝐍𝐞𝐫𝐯𝐞 𝐒𝐭𝐢𝐦𝐮𝐥𝐚𝐭𝐨𝐫𝐬

In 2021, implantable vagus nerve stimulators dominated the market, buoyed by their perceived safety and efficacy in surgical procedures. The segment's growth is further fueled by advancements in device technology, including IoT integration, and favorable reimbursement policies.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

ReShape Lifesciences, Inc., LivaNova LLC, electroCore, Inc., MicroTransponder Inc., Parasym Ltd., Cerebral Inc., Cerbomed GmbH, Neuvana, LLC, Nevro Corp., and NeuroPace Inc.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

Product Type

Implantable
Non-invasive (tVNS)

Application

Pain Management
Epileptic Seizures
Obesity Management
Depression and Anxiety
Others

Biomaterial

Ceramics
Metallic
Polymeric

End-user

Hospitals
Ambulatory Surgical Centers (ASCs)
Others

𝐆𝐞𝐭 𝐓𝐡𝐢𝐬 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐈𝐧𝐬𝐭𝐚𝐧𝐭𝐥𝐲:
https://www.transparencymarketresearch.com/checkout.php?rep_id=30395<ype=S&utm_source=OpenPR&utm_campaign=MansiR_OpenPR

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Integration of artificial intelligence and machine learning in VNS devices for personalized treatment.

Development of smartphone-compatible VNS devices for remote monitoring and management.

Collaborations and partnerships between medical device companies and research institutions to enhance product development.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

North America is expected to account for major share of the industry during the forecast period. Surge in government funding and increase in awareness about epilepsy and depression are driving market revenue in the region.

The market in Asia Pacific is projected to grow at a rapid pace during 2022-2031. High prevalence of depression, anxiety, epilepsy, and obesity is contributing to the vagus nerve stimulator industry growth in the region. Several governments in Asia Pacific are investing significantly in healthcare infrastructure development.

Organizations such as The Asia-Pacific Centre for Neuromodulation (APCN) are at the forefront of boosting adoption of Deep Brain Stimulation devices (DBS) for the treatment of neurological diseases in the region.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Market size and growth projections.
Demand analysis by service type, application, and region.
Competitive landscape analysis.
Regulatory framework and reimbursement scenario.
Technological advancements and product innovations.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐇𝐢𝐠𝐡 𝐃𝐞𝐧𝐬𝐢𝐭𝐲 𝐅𝐢𝐛𝐞𝐫𝐛𝐨𝐚𝐫𝐝 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/04/12/2645700/0/en/High-Density-Fiberboard-Market-Size-is-Expected-to-Reach-US-10-7-Bn-by-2031-Rising-at-a-Market-Growth-of-5-7-CAGR-During-the-Forecast-Period-Transparency-Market-Research-Inc.html

𝐃𝐢𝐬𝐦𝐨𝐮𝐧𝐭𝐞𝐝 𝐒𝐨𝐥𝐝𝐢𝐞𝐫 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/04/12/2645689/0/en/Dismounted-Soldier-Systems-Market-to-Grow-at-a-CAGR-of-7-3-from-2023-2031-Reaching-US-8-1-Billion-TMR-Study.html

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube

This release was published on openPR.