Neurostimulation Devices Market Size 2024-2028
The neurostimulation devices market size is forecast to increase by USD 7.29 billion at a CAGR of 12.7% between 2023 and 2028.
- The market is experiencing significant growth, driven by the rising prevalence of neurological disorders and expanding indications for neurostimulation devices. Neurological disorders, such as Parkinson's disease, epilepsy, and chronic pain, affect millions of people worldwide, creating a substantial demand for effective treatment options. Neurostimulation devices, which use electrical impulses to stimulate nerves and modify brain activity, offer promising solutions for managing these conditions. However, the market growth is not without challenges. The high cost of neurostimulation devices and procedures remains a significant barrier to widespread adoption. Despite these challenges, opportunities exist for companies to capitalize on market trends and navigate challenges effectively.
- For instance, developing cost-effective solutions through technological advancements and collaborations with healthcare providers could help make neurostimulation devices more accessible to patients. Additionally, expanding indications for neurostimulation devices into new therapeutic areas, such as mental health disorders, could open up new revenue streams and broaden the market scope. Overall, the market presents a compelling investment opportunity for companies seeking to innovate and address the unmet needs of patients with neurological disorders.
What will be the Size of the Neurostimulation Devices Market during the forecast period?
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 2.2 Market characteristics
- Market characteristics analysis
3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- 3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global Neurostimulation Devices Market 2018 - 2022
- Historic Market Size - Data Table on Global Neurostimulation Devices Market 2018 - 2022 ($ million)
- 4.2 Product segment analysis 2018 - 2022
- Historic Market Size - Product Segment 2018 - 2022 ($ million)
- 4.3 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ million)
- 4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Product
- 6.1 Market segments
- Chart on Product - Market share (2023-2028) (%)
- Data Table on Product - Market share (2023-2028) (%)
- 6.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
- 6.3 Implantable neurostimulation devices - Market size and forecast (2023-2028)
- Chart on Implantable neurostimulation devices - Market size and forecast (2023-2028) ($ million)
- Data Table on Implantable neurostimulation devices - Market size and forecast (2023-2028) ($ million)
- Chart on Implantable neurostimulation devices - Year-over-year growth (2023-2028) (%)
- Data Table on Implantable neurostimulation devices - Year-over-year growth (2023-2028) (%)
- 6.4 External neurostimulation devices - Market size and forecast (2023-2028)
- Chart on External neurostimulation devices - Market size and forecast (2023-2028) ($ million)
- Data Table on External neurostimulation devices - Market size and forecast (2023-2028) ($ million)
- Chart on External neurostimulation devices - Year-over-year growth (2023-2028) (%)
- Data Table on External neurostimulation devices - Year-over-year growth (2023-2028) (%)
- 6.5 Market opportunity by Product
- Market opportunity by Product ($ million)
- Data Table on Market opportunity by Product ($ million)
7 Market Segmentation by Application
- 7.1 Market segments
- Chart on Application - Market share (2023-2028) (%)
- Data Table on Application - Market share (2023-2028) (%)
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)
- 7.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 7.3 Pain management - Market size and forecast (2023-2028)
- Chart on Pain management - Market size and forecast (2023-2028) ($ million)
- Data Table on Pain management - Market size and forecast (2023-2028) ($ million)
- Chart on Pain management - Year-over-year growth (2023-2028) (%)
- Data Table on Pain management - Year-over-year growth (2023-2028) (%)
- 7.4 Urinary and fecal incontinence - Market size and forecast (2023-2028)
- Chart on Urinary and fecal incontinence - Market size and forecast (2023-2028) ($ million)
- Data Table on Urinary and fecal incontinence - Market size and forecast (2023-2028) ($ million)
- Chart on Urinary and fecal incontinence - Year-over-year growth (2023-2028) (%)
- Data Table on Urinary and fecal incontinence - Year-over-year growth (2023-2028) (%)
- 7.5 Parkinson's disease - Market size and forecast (2023-2028)
- Chart on Parkinson's disease - Market size and forecast (2023-2028) ($ million)
- Data Table on Parkinson's disease - Market size and forecast (2023-2028) ($ million)
- Chart on Parkinson's disease - Year-over-year growth (2023-2028) (%)
- Data Table on Parkinson's disease - Year-over-year growth (2023-2028) (%)
- 7.6 Epilepsy - Market size and forecast (2023-2028)
- Chart on Epilepsy - Market size and forecast (2023-2028) ($ million)
- Data Table on Epilepsy - Market size and forecast (2023-2028) ($ million)
- Chart on Epilepsy - Year-over-year growth (2023-2028) (%)
- Data Table on Epilepsy - Year-over-year growth (2023-2028) (%)
- 7.7 Movement disorders - Market size and forecast (2023-2028)
- Chart on Movement disorders - Market size and forecast (2023-2028) ($ million)
- Data Table on Movement disorders - Market size and forecast (2023-2028) ($ million)
- Chart on Movement disorders - Year-over-year growth (2023-2028) (%)
- Data Table on Movement disorders - Year-over-year growth (2023-2028) (%)
- 7.8 Chronic migraines - Market size and forecast (2023-2028)
- Chart on Chronic migraines - Market size and forecast (2023-2028) ($ million)
- Data Table on Chronic migraines - Market size and forecast (2023-2028) ($ million)
- Chart on Chronic migraines - Year-over-year growth (2023-2028) (%)
- Data Table on Chronic migraines - Year-over-year growth (2023-2028) (%)
- 7.9 Others - Market size and forecast (2023-2028)
- Chart on Others - Market size and forecast (2023-2028) ($ million)
- Data Table on Others - Market size and forecast (2023-2028) ($ million)
- Chart on Others - Year-over-year growth (2023-2028) (%)
- Data Table on Others - Year-over-year growth (2023-2028) (%)
8 Market Segmentation by Type
- 8.1 Market segments
- Chart on Type - Market share (2023-2028) (%)
- Data Table on Type - Market share (2023-2028) (%)
- 8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 8.3 Invasive - Market size and forecast (2023-2028)
- Chart on Invasive - Market size and forecast (2023-2028) ($ million)
- Data Table on Invasive - Market size and forecast (2023-2028) ($ million)
- Chart on Invasive - Year-over-year growth (2023-2028) (%)
- Data Table on Invasive - Year-over-year growth (2023-2028) (%)
- 8.4 Non-Invasive - Market size and forecast (2023-2028)
- Chart on Non-Invasive - Market size and forecast (2023-2028) ($ million)
- Data Table on Non-Invasive - Market size and forecast (2023-2028) ($ million)
- Chart on Non-Invasive - Year-over-year growth (2023-2028) (%)
- Data Table on Non-Invasive - Year-over-year growth (2023-2028) (%)
- 8.5 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)
9 Customer Landscape
- 9.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Geographic Landscape
- 10.1 Geographic segmentation
- Chart on Market share by geography 2023-2028 (%)
- Data Table on Market share by geography 2023-2028 (%)
- 10.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 10.3 North America - Market size and forecast (2023-2028)
- Chart on North America - Market size and forecast (2023-2028) ($ million)
- Data Table on North America - Market size and forecast (2023-2028) ($ million)
- Chart on North America - Year-over-year growth (2023-2028) (%)
- Data Table on North America - Year-over-year growth (2023-2028) (%)
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 10.4 Europe - Market size and forecast (2023-2028)
- Chart on Europe - Market size and forecast (2023-2028) ($ million)
- Data Table on Europe - Market size and forecast (2023-2028) ($ million)
- Chart on Europe - Year-over-year growth (2023-2028) (%)
- Data Table on Europe - Year-over-year growth (2023-2028) (%)
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 10.5 Asia - Market size and forecast (2023-2028)
- Chart on Asia - Market size and forecast (2023-2028) ($ million)
- Data Table on Asia - Market size and forecast (2023-2028) ($ million)
- Chart on Asia - Year-over-year growth (2023-2028) (%)
- Data Table on Asia - Year-over-year growth (2023-2028) (%)
- Chart on Asia - Market size and forecast 2023-2028 ($ million)
- Data Table on Asia - Market size and forecast 2023-2028 ($ million)
- Chart on Asia - Year-over-year growth 2023-2028 (%)
- Data Table on Asia - Year-over-year growth 2023-2028 (%)
- 10.6 Rest of World (ROW) - Market size and forecast (2023-2028)
- Chart on Rest of World (ROW) - Market size and forecast (2023-2028) ($ million)
- Data Table on Rest of World (ROW) - Market size and forecast (2023-2028) ($ million)
- Chart on Rest of World (ROW) - Year-over-year growth (2023-2028) (%)
- Data Table on Rest of World (ROW) - Year-over-year growth (2023-2028) (%)
- Chart on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
- Data Table on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
- Chart on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
- Data Table on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
- 10.7 US - Market size and forecast (2023-2028)
- Chart on US - Market size and forecast (2023-2028) ($ million)
- Data Table on US - Market size and forecast (2023-2028) ($ million)
- Chart on US - Year-over-year growth (2023-2028) (%)
- Data Table on US - Year-over-year growth (2023-2028) (%)
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 10.8 Germany - Market size and forecast (2023-2028)
- Chart on Germany - Market size and forecast (2023-2028) ($ million)
- Data Table on Germany - Market size and forecast (2023-2028) ($ million)
- Chart on Germany - Year-over-year growth (2023-2028) (%)
- Data Table on Germany - Year-over-year growth (2023-2028) (%)
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 10.9 UK - Market size and forecast (2023-2028)
- Chart on UK - Market size and forecast (2023-2028) ($ million)
- Data Table on UK - Market size and forecast (2023-2028) ($ million)
- Chart on UK - Year-over-year growth (2023-2028) (%)
- Data Table on UK - Year-over-year growth (2023-2028) (%)
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
- 10.10 Japan - Market size and forecast (2023-2028)
- Chart on Japan - Market size and forecast (2023-2028) ($ million)
- Data Table on Japan - Market size and forecast (2023-2028) ($ million)
- Chart on Japan - Year-over-year growth (2023-2028) (%)
- Data Table on Japan - Year-over-year growth (2023-2028) (%)
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 10.11 China - Market size and forecast (2023-2028)
- Chart on China - Market size and forecast (2023-2028) ($ million)
- Data Table on China - Market size and forecast (2023-2028) ($ million)
- Chart on China - Year-over-year growth (2023-2028) (%)
- Data Table on China - Year-over-year growth (2023-2028) (%)
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 10.12 Canada - Market size and forecast (2023-2028)
- Chart on Canada - Market size and forecast (2023-2028) ($ million)
- Data Table on Canada - Market size and forecast (2023-2028) ($ million)
- Chart on Canada - Year-over-year growth (2023-2028) (%)
- Data Table on Canada - Year-over-year growth (2023-2028) (%)
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
- 10.13 Italy - Market size and forecast (2023-2028)
- Chart on Italy - Market size and forecast (2023-2028) ($ million)
- Data Table on Italy - Market size and forecast (2023-2028) ($ million)
- Chart on Italy - Year-over-year growth (2023-2028) (%)
- Data Table on Italy - Year-over-year growth (2023-2028) (%)
- 10.14 Australia - Market size and forecast (2023-2028)
- Chart on Australia - Market size and forecast (2023-2028) ($ million)
- Data Table on Australia - Market size and forecast (2023-2028) ($ million)
- Chart on Australia - Year-over-year growth (2023-2028) (%)
- Data Table on Australia - Year-over-year growth (2023-2028) (%)
- 10.15 Japan - Market size and forecast (2023-2028)
- Chart on Japan - Market size and forecast (2023-2028) ($ million)
- Data Table on Japan - Market size and forecast (2023-2028) ($ million)
- Chart on Japan - Year-over-year growth (2023-2028) (%)
- Data Table on Japan - Year-over-year growth (2023-2028) (%)
- 10.16 South Korea - Market size and forecast (2023-2028)
- Chart on South Korea - Market size and forecast (2023-2028) ($ million)
- Data Table on South Korea - Market size and forecast (2023-2028) ($ million)
- Chart on South Korea - Year-over-year growth (2023-2028) (%)
- Data Table on South Korea - Year-over-year growth (2023-2028) (%)
- 10.17 Netherlands - Market size and forecast (2023-2028)
- Chart on Netherlands - Market size and forecast (2023-2028) ($ million)
- Data Table on Netherlands - Market size and forecast (2023-2028) ($ million)
- Chart on Netherlands - Year-over-year growth (2023-2028) (%)
- Data Table on Netherlands - Year-over-year growth (2023-2028) (%)
- 10.18 Rest of World(RoW) - Market size and forecast (2023-2028)
- Chart on Rest of World(RoW) - Market size and forecast (2023-2028) ($ million)
- Data Table on Rest of World(RoW) - Market size and forecast (2023-2028) ($ million)
- Chart on Rest of World(RoW) - Year-over-year growth (2023-2028) (%)
- Data Table on Rest of World(RoW) - Year-over-year growth (2023-2028) (%)
11 Drivers, Challenges, and Opportunity/Restraints
- 11.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 11.4 Market opportunities/restraints
12 Competitive Landscape
- 12.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 12.3 Landscape disruption
- Overview on factors of disruption
- 12.4 Industry risks
- Impact of key risks on business
13 Competitive Analysis
- 13.2 Market positioning of companies
- Matrix on companies position and classification
- 13.3 Abbott Laboratories
- Abbott Laboratories - Overview
- Abbott Laboratories - Product / Service
- Abbott Laboratories - Key offerings
- 13.4 ALEVA NEUROTHERAPEUTICS SA
- ALEVA NEUROTHERAPEUTICS SA - Overview
- ALEVA NEUROTHERAPEUTICS SA - Product / Service
- ALEVA NEUROTHERAPEUTICS SA - Key offerings
- 13.5 Axonics Inc.
- Axonics Inc. - Overview
- Axonics Inc. - Product / Service
- Axonics Inc. - Key offerings
- 13.6 Beijing PINS Medical
- Beijing PINS Medical - Overview
- Beijing PINS Medical - Product / Service
- Beijing PINS Medical - Key offerings
- 13.7 Boston Scientific Corp.
- Boston Scientific Corp. - Overview
- Boston Scientific Corp. - Product / Service
- Boston Scientific Corp. - Key offerings
- 13.8 BrainsWay
- BrainsWay - Overview
- BrainsWay - Product / Service
- BrainsWay - Key offerings
- 13.9 Cochlear Ltd.
- Cochlear Ltd. - Overview
- Cochlear Ltd. - Product / Service
- Cochlear Ltd. - Key offerings
- 13.10 electroCore Inc.
- electroCore Inc. - Overview
- electroCore Inc. - Product / Service
- electroCore Inc. - Key offerings
- 13.11 Inspire Medical Systems
- Inspire Medical Systems - Overview
- Inspire Medical Systems - Product / Service
- Inspire Medical Systems - Key offerings
- 13.12 LivaNova PLC
- LivaNova PLC - Overview
- LivaNova PLC - Product / Service
- LivaNova PLC - Key offerings
- 13.13 Medtronic Plc
- Medtronic Plc - Overview
- Medtronic Plc - Product / Service
- Medtronic Plc - Key offerings
- 13.14 Nalu Medical
- Nalu Medical - Overview
- Nalu Medical - Product / Service
- Nalu Medical - Key offerings
- 13.15 NeuroMetrix Inc.
- NeuroMetrix Inc. - Overview
- NeuroMetrix Inc. - Product / Service
- NeuroMetrix Inc. - Key offerings
- 13.16 NEURONETICS Inc.
- NEURONETICS Inc. - Overview
- NEURONETICS Inc. - Product / Service
- NEURONETICS Inc. - Key offerings
- 13.17 NeuroPace Inc.
- NeuroPace Inc. - Overview
- NeuroPace Inc. - Product / Service
- NeuroPace Inc. - Key offerings
- 13.18 Nevro Corp.
- Nevro Corp. - Overview
- Nevro Corp. - Product / Service
- Nevro Corp. - Key offerings
- 13.19 Parasym
- Parasym - Overview
- Parasym - Product / Service
- Parasym - Key offerings
- 13.20 Saluda Medical
- Saluda Medical - Overview
- Saluda Medical - Product / Service
- Saluda Medical - Key offerings
- 13.21 Soterix Medical Inc.
- Soterix Medical Inc. - Overview
- Soterix Medical Inc. - Product / Service
- Soterix Medical Inc. - Key offerings
- 13.22 Tsinghua Tongfang Co., Ltd.
- Tsinghua Tongfang Co., Ltd. - Overview
- Tsinghua Tongfang Co., Ltd. - Product / Service
- Tsinghua Tongfang Co., Ltd. - Key offerings
14 Appendix
- 14.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 14.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 14.4 Research methodology
- 14.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 14.9 360 degree market analysis
- 360 degree market analysis
- 14.10 List of abbreviations
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