Neurostimulation Devices Market Size Report 2032 | DelveInsight

DelveInsight's Neurostimulation Devices Market Insights Report 2032 provides the current and forecast market analysis, individual leading companies' market shares, challenges, Market Drivers, barriers, trends, and key Neurostimulation Devices companies in the market.

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Key Takeaways from the Neurostimulation Devices Market Report
• The neurostimulation devices market was valued at USD 5.82 billion in 2023, growing at a CAGR of 11.77% during the forecast period from 2024 to 2030, to reach USD 11.34 billion by 2030.
• North America is expected to account for the highest proportion of the neurostimulation devices market in 2023, out of all regions North America is expected to dominate the overall neurostimulation devices market during the forecast period.
• The leading Neurostimulation Devices Companies such as Abbott Laboratories, Smith's Medical, B. Braun Melsungen AG, Baxter International Inc., Boston Scientific Corp., LivaNova PLC., Medtronic plc., Nevro Corp., Abbott, Stryker, Omron Corporation, Stimwave LLC, Koninklijke Philips NV, Kimberly Clark Corporation, EndoStim Inc., Aleva neurotherapeutics SA, Cyberonics, DyAnsys, Inc., NanoVibronix, Inc., ElectroCore Inc., and others.

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Neurostimulation Devices Market Dynamics
According to the recent data provided by the Global Burden of Disease (2024), in 2021, neurological conditions affected 43% of the world's population, equivalent to 3.4 billion individuals. The most prevalent neurological disorders were tension-type headaches, with around 2 billion cases, and migraines, with approximately 1.1 billion cases. Additionally, the number of people suffering from diabetic neuropathy has more than tripled globally since 1990, reaching 206 million in 2021. Neurostimulation devices targeting the occipital nerves at the base of the skull can help alleviate chronic migraine and headache symptoms. For diabetic neuropathy, neurostimulation devices are often used to target peripheral nerves that are damaged due to high blood sugar levels. By addressing the underlying neural pathways associated with chronic pain, neurostimulation devices offer significant relief for patients suffering from headaches, migraines, and diabetic neuropathy, improving their overall quality of life and thereby boosting the overall market of neurostimulation devices.

Neurostimulation Devices Segment Analysis
Neurostimulation Devices Market by Device Type (Spinal Cord Stimulators, Deep Brain Stimulators, Sacral Nerve Stimulators, Vagus Nerve Stimulators, and Others), Application (Pain Management, Bowel & Bladder Control, Parkinson's Disease, Epilepsy, and Others), Type (Invasive and Non-Invasive), End-User (Hospitals, Ambulatory Surgical Centers, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World).

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Neurostimulation Devices Companies
Abbott Laboratories, Smith's Medical, B. Braun Melsungen AG, Baxter International Inc., Boston Scientific Corp., LivaNova PLC., Medtronic plc., Nevro Corp., Abbott, Stryker, Omron Corporation, Stimwave LLC, Koninklijke Philips NV, Kimberly Clark Corporation, EndoStim Inc., Aleva neurotherapeutics SA, Cyberonics, DyAnsys, Inc., NanoVibronix, Inc., ElectroCore Inc., and others.

Neurostimulation Devices Market Drivers
The rising incidence of chronic diseases, such as migraine, headaches, and epilepsy, has created a greater demand for effective treatment options, leading to increased use of neurostimulators. Additionally, the prevalence of lifestyle-related diseases like depression and chronic pain has surged, further boosting the need for these devices as they offer promising solutions for managing these conditions. Technological advancements in neurostimulator devices have also played a crucial role, with regulatory bodies across the globe approving a growing number of innovative and advanced products. This regulatory support has facilitated the widespread adoption of neurostimulators, enhancing their market growth.

Neurostimulation Devices Market Insights
Epilepsy affects approximately 50 million people worldwide, making it one of the most prevalent neurological disorders globally. Nearly 80% of those affected reside in low- and middle-income countries. Thus, neurostimulation devices, like vagus nerve stimulators and responsive neurostimulators, offer promising solutions for managing epilepsy by reducing the frequency and severity of seizures thereby escalating the overall neurostimulation devices market across the globe. The growing prevalence of chronic pain conditions, such as failed back surgery syndrome, complex regional pain syndrome, and neuropathic pain, spinal cord injury has increased the demand for alternative pain management solutions. Spinal cord stimulator provides a non-pharmacological approach that can significantly improve the quality of life for patients who have exhausted other treatment options.

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Scope of the Neurostimulation Devices Market Report
• Coverage- Global
• Forecast Period- 2025-2032
• Neurostimulation Devices Companies- Abbott Laboratories, Smith's Medical, B. Braun Melsungen AG, Baxter International Inc., Boston Scientific Corp., LivaNova PLC., Medtronic plc., Nevro Corp., Abbott, Stryker, Omron Corporation, Stimwave LLC, Koninklijke Philips NV, Kimberly Clark Corporation, EndoStim Inc., Aleva neurotherapeutics SA, Cyberonics, DyAnsys, Inc., NanoVibronix, Inc., ElectroCore Inc., and others.

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